The Europe Magnetoresistive Element Market would witness market growth of 5.3% CAGR during the forecast period (2023-2030).
The magnetoresistive element (MRE) sensor can be used in a variety of applications where the ECU system collects data based on physical events. This may include the rotational position and velocity of the steering shaft, the rotational velocity of the wheels, the rotational position and velocity of the transmission shaft, and the rotational position and velocity of the crankshaft and camshaft.
It is possible to determine the rotating direction by adding a Wheatstone bridge to the MRE sensor's circuit. The ECU can use this information for braking for hill-holding, steering-wheel rotation for stability control, and crankshaft and camshaft reversal for engine auto-stop and start. The magnetoresistive element in each of these sensing criteria will be built into a circuit most suited to the data collected for system control by the microprocessor.
There is a growing need for advanced sensing components like magnetoresistive elements due to the widespread use of advanced, feature-rich smartphones as well as tablets. Medical R&D and non-destructive testing (NDT) have also made substantial use of these components. The average selling prices (ASPs) of elements that are magnetoresistive are continually falling. Although it is anticipated that the ASPs will continue to decline, market growth is anticipated to be boosted in the coming years by expanding applications of these components.
Europe, comprised of several top-performing automotive nations, is one of the major producers of automobiles. The automotive industry, particularly in Italy, significantly affects the nation's economy. The European market has benefited the UK auto industry with its wide range of products, which include luxury, niche, and volume vehicles, as well as its highly integrated supply chains and the substantial demand for cars made in the UK across the continent. Notably, Germany has the most OEM factories per capita in Europe. Additionally, in 2021, the German automotive industry produced 15.6 million vehicles. A significant 20% of the top 75 automotive suppliers worldwide are also German companies. The surrounding nations' increasing automobile industries offer tremendous opportunities for this region's market.
The Germany market dominated the Europe Magnetoresistive Element Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $181.4 million by 2030. The UK market is estimated to grow at a CAGR of 4.4% during (2023 - 2030). Additionally, The France market would showcase a CAGR of 6% during (2023 - 2030).
Based on Vertical, the market is segmented into Consumer Electronics, Automotive, Industrial, Aerospace & Defense, and Others. Based on Application, the market is segmented into High Magnetic Field Application, and Low Magnetic Field Application. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Worldwide Magnetoresistive Element Market is Projected to reach USD 3.3 Billion by 2030, at a CAGR of 5.5%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Robert Bosch GmbH, TDK Corporation, TE Connectivity Ltd., Cubic Sensor and Instrument Co., Ltd., Alps Alpine Co., Ltd., Honeywell International, Inc., Analog Devices, Inc., Crocus Technology, Inc., Avalanche Technology Inc., Micron Technology, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Vertical
- Consumer Electronics
- Automotive
- Industrial
- Aerospace & Defense
- Others
By Application
- High Magnetic Field Application
- Low Magnetic Field Application
By Country
- Germany
- UK
- France
- Russia
- Spain
- Italy
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Robert Bosch GmbH
- TDK Corporation
- TE Connectivity Ltd.
- Cubic Sensor and Instrument Co., Ltd.
- Alps Alpine Co., Ltd.
- Honeywell International, Inc.
- Analog Devices, Inc.
- Crocus Technology, Inc.
- Avalanche Technology Inc.
- Micron Technology, Inc.
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Europe Magnetoresistive Element Market, by Vertical
1.4.2 Europe Magnetoresistive Element Market, by Application
1.4.3 Europe Magnetoresistive Element Market, by Country
1.5 Methodology for the research
Chapter 2. Market at a Glance
2.1 Key Highlights
Chapter 3. Market Overview
3.1 Introduction
3.1.1 Overview
3.1.1.1 Market Composition and Scenario
3.2 Key Factors Impacting the Market
3.2.1 Market Drivers
3.2.2 Market Restraints
3.3 Porter’s Five Forces Analysis
Chapter 4. Europe Magnetoresistive Element Market by Vertical
4.1 Europe Consumer Electronics Market by Country
4.2 Europe Automotive Market by Country
4.3 Europe Industrial Market by Country
4.4 Europe Aerospace & Defense Market by Country
4.5 Europe Others Market by Country
Chapter 5. Europe Magnetoresistive Element Market by Application
5.1 Europe High Magnetic Field Application Market by Country
5.2 Europe Low Magnetic Field Application Market by Country
Chapter 6. Europe Magnetoresistive Element Market by Country
6.1 Germany Magnetoresistive Element Market
6.1.1 Germany Magnetoresistive Element Market by Vertical
6.1.2 Germany Magnetoresistive Element Market by Application
6.2 UK Magnetoresistive Element Market
6.2.1 UK Magnetoresistive Element Market by Vertical
6.2.2 UK Magnetoresistive Element Market by Application
6.3 France Magnetoresistive Element Market
6.3.1 France Magnetoresistive Element Market by Vertical
6.3.2 France Magnetoresistive Element Market by Application
6.4 Russia Magnetoresistive Element Market
6.4.1 Russia Magnetoresistive Element Market by Vertical
6.4.2 Russia Magnetoresistive Element Market by Application
6.5 Spain Magnetoresistive Element Market
6.5.1 Spain Magnetoresistive Element Market by Vertical
6.5.2 Spain Magnetoresistive Element Market by Application
6.6 Italy Magnetoresistive Element Market
6.6.1 Italy Magnetoresistive Element Market by Vertical
6.6.2 Italy Magnetoresistive Element Market by Application
6.7 Rest of Europe Magnetoresistive Element Market
6.7.1 Rest of Europe Magnetoresistive Element Market by Vertical
6.7.2 Rest of Europe Magnetoresistive Element Market by Application
Chapter 7. Company Profiles
7.1 Robert Bosch GmbH
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expense
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.6 SWOT Analysis
7.2 TDK Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Regional & Segmental Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.6 SWOT Analysis
7.3 TE Connectivity Ltd.
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 SWOT Analysis
7.4 Cubic Sensor and Instrument Co., Ltd.
7.4.1 Company Overview
7.4.2 SWOT Analysis
7.5 Alps Alpine Co., Ltd.
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Recent strategies and developments:
7.5.4.1 Product Launches and Product Expansions:
7.5.5 SWOT Analysis
7.6 Honeywell International, Inc.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expenses
7.6.5 SWOT Analysis
7.7 Analog Devices, Inc.
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 SWOT Analysis
7.8 Crocus Technology, Inc.
7.8.1 Company overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.8.3 SWOT Analysis
7.9 Avalanche Technology Inc.
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.9.3 SWOT Analysis
7.10. Micron Technology, Inc.
7.10.1 Company Overview
7.10.2 Financial Analysis
7.10.3 Segmental and Regional Analysis
7.10.4 Research & Development Expense
7.10.5 SWOT Analysis
TABLE 1 Europe Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 2 Europe Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 3 Europe Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 4 Europe Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 5 Europe Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 6 Europe Consumer Electronics Market by Country, 2023 - 2030, USD Million
TABLE 7 Europe Automotive Market by Country, 2019 - 2022, USD Million
TABLE 8 Europe Automotive Market by Country, 2023 - 2030, USD Million
TABLE 9 Europe Industrial Market by Country, 2019 - 2022, USD Million
TABLE 10 Europe Industrial Market by Country, 2023 - 2030, USD Million
TABLE 11 Europe Aerospace & Defense Market by Country, 2019 - 2022, USD Million
TABLE 12 Europe Aerospace & Defense Market by Country, 2023 - 2030, USD Million
TABLE 13 Europe Others Market by Country, 2019 - 2022, USD Million
TABLE 14 Europe Others Market by Country, 2023 - 2030, USD Million
TABLE 15 Europe Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 16 Europe Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 17 Europe High Magnetic Field Application Market by Country, 2019 - 2022, USD Million
TABLE 18 Europe High Magnetic Field Application Market by Country, 2023 - 2030, USD Million
TABLE 19 Europe Low Magnetic Field Application Market by Country, 2019 - 2022, USD Million
TABLE 20 Europe Low Magnetic Field Application Market by Country, 2023 - 2030, USD Million
TABLE 21 Europe Magnetoresistive Element Market by Country, 2019 - 2022, USD Million
TABLE 22 Europe Magnetoresistive Element Market by Country, 2023 - 2030, USD Million
TABLE 23 Germany Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 24 Germany Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 25 Germany Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 26 Germany Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 27 Germany Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 28 Germany Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 29 UK Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 30 UK Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 31 UK Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 32 UK Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 33 UK Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 34 UK Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 35 France Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 36 France Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 37 France Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 38 France Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 39 France Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 40 France Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 41 Russia Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 42 Russia Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 43 Russia Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 44 Russia Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 45 Russia Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 46 Russia Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 47 Spain Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 48 Spain Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 49 Spain Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 50 Spain Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 51 Spain Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 52 Spain Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 53 Italy Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 54 Italy Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 55 Italy Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 56 Italy Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 57 Italy Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 58 Italy Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 59 Rest of Europe Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 60 Rest of Europe Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 61 Rest of Europe Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 62 Rest of Europe Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 63 Rest of Europe Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 64 Rest of Europe Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 65 Key Information – Robert Bosch GmbH
TABLE 66 Key information – TDK Corporation
TABLE 67 Key information –TE Connectivity Ltd.
TABLE 68 Key Information – Cubic Sensor and Instrument Co., Ltd.
TABLE 69 Key Information – Alps Alpine Co., Ltd.
TABLE 70 Key Information – Honeywell International, Inc.
TABLE 71 key information – Analog Devices, Inc.
TABLE 72 Key Information – Crocus Technology, Inc.
TABLE 73 Key Information – Avalanche Technology Inc.
TABLE 74 key information – Micron Technology, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 Europe Magnetoresistive Element Market, 2019 - 2030, USD Million
FIG 3 Key Impacting Factors magnetoresistive element market
FIG 4 Porter’s Five Forces Analysis - Magnetoresistive Element Market
FIG 5 Europe Magnetoresistive Element Market share by Vertical, 2022
FIG 6 Europe Magnetoresistive Element Market share by Vertical, 2030
FIG 7 Europe Magnetoresistive Element Market share by Vertical, 2019 - 2030, USD Million
FIG 8 Europe Magnetoresistive Element Market share by Application, 2022
FIG 9 Europe Magnetoresistive Element Market share by Application, 2030
FIG 10 Europe Magnetoresistive Element Market by Application, 2019 - 2030, USD Million
FIG 11 Europe Magnetoresistive Element Market share by Country, 2022
FIG 12 Europe Magnetoresistive Element Market share by Country, 2030
FIG 13 Europe Magnetoresistive Element Market by Country, 2019 - 2030, USD Million
FIG 14 SWOT Analysis: Robert Bosch GmbH
FIG 15 Recent strategies and developments: tdk cORPORATION
FIG 16 SWOT Analysis: TDK Corporation
FIG 17 SWOT Analysis: TE Connectivity Ltd.
FIG 18 SWOT Analysis: Cubic Sensor and Instrument Co., Ltd.
FIG 19 SWOT Analysis: Alps Alpine Co., Ltd.
FIG 20 Swot analysis: Honeywell international, inc.
FIG 21 Swot analysis: analog devices, inc.
FIG 22 SWOT Analysis: Crocus Technology, Inc.
FIG 23 SWOT Analysis: Avalanche Technology Inc.
FIG 24 SWOT Analysis: Micron Technology, Inc.