The North America Magnetoresistive Element Market would witness market growth of 5.0% CAGR during the forecast period (2023-2030).
Automotive, industrial automation, consumer electronics, and healthcare are sectors where magnetic sensors are increasingly in demand. Magnetic sensors require magnetoresistive elements as key building blocks, and as more people use sensors, demand for these components rises. The growing demand for flexibility and mobility is one factor influencing the development of the market. The market is driven by the requirement for accurate and dependable detection and sensing capabilities in numerous sectors.
These components are useful for applications including location sensing, proximity sensing, and current sensing because they have high sensitivity and precision in detecting as well as measuring magnetic fields. These abilities are highly needed in consumer electronics and automotive.
The incorporation of magnetoresistive sensors into automobiles is required by government regulations, which is a major driver anticipated to fuel market expansion throughout the forecast period. Due to the critical role these elements play in navigation systems in automobiles and smartphones, the demand for these sensors in the smartphone and automotive industries is anticipated to stay high soon.
Drones are redefining aviation similarly to what they are doing in many other industries. As they do so, they impact established and emerging industries and significantly increase the number of commercial and recreational drone pilots using Canadian airspace. UAVs may thereby improve the effectiveness and competitiveness of Canada's commercial sector. Several key drone industry actors are present in Canada, including federal agencies, academic institutions, non-profit organizations, and a range of drone businesses. The regional market will thus continue to expand during the projected period due to their demand.
The US market dominated the North America Magnetoresistive Element Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $557.6 million by 2030. The Canada market is poised to grow at a CAGR of 7.4% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 6.4% 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 U.S., Mexico, Canada, and Rest of North America.
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
- US
- Canada
- Mexico
- Rest of North America
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 North America Magnetoresistive Element Market, by Vertical
1.4.2 North America Magnetoresistive Element Market, by Application
1.4.3 North America 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. North America Magnetoresistive Element Market by Vertical
4.1 North America Consumer Electronics Market by Country
4.2 North America Automotive Market by Country
4.3 North America Industrial Market by Country
4.4 North America Aerospace & Defense Market by Country
4.5 North America Others Market by Country
Chapter 5. North America Magnetoresistive Element Market by Application
5.1 North America High Magnetic Field Application Market by Country
5.2 North America Low Magnetic Field Application Market by Country
Chapter 6. North America Magnetoresistive Element Market by Country
6.1 US Magnetoresistive Element Market
6.1.1 US Magnetoresistive Element Market by Vertical
6.1.2 US Magnetoresistive Element Market by Application
6.2 Canada Magnetoresistive Element Market
6.2.1 Canada Magnetoresistive Element Market by Vertical
6.2.2 Canada Magnetoresistive Element Market by Application
6.3 Mexico Magnetoresistive Element Market
6.3.1 Mexico Magnetoresistive Element Market by Vertical
6.3.2 Mexico Magnetoresistive Element Market by Application
6.4 Rest of North America Magnetoresistive Element Market
6.4.1 Rest of North America Magnetoresistive Element Market by Vertical
6.4.2 Rest of North America 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 North America Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 2 North America Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 3 North America Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 4 North America Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 5 North America Consumer Electronics Market by Country, 2019 - 2022, USD Million
TABLE 6 North America Consumer Electronics Market by Country, 2023 - 2030, USD Million
TABLE 7 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 8 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 9 North America Industrial Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Industrial Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Aerospace & Defense Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Aerospace & Defense Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 16 North America Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 17 North America High Magnetic Field Application Market by Country, 2019 - 2022, USD Million
TABLE 18 North America High Magnetic Field Application Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Low Magnetic Field Application Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Low Magnetic Field Application Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Magnetoresistive Element Market by Country, 2019 - 2022, USD Million
TABLE 22 North America Magnetoresistive Element Market by Country, 2023 - 2030, USD Million
TABLE 23 US Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 24 US Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 25 US Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 26 US Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 27 US Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 28 US Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 29 Canada Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 30 Canada Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 31 Canada Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 32 Canada Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 33 Canada Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 34 Canada Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 35 Mexico Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 36 Mexico Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 37 Mexico Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 38 Mexico Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 39 Mexico Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 40 Mexico Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 41 Rest of North America Magnetoresistive Element Market, 2019 - 2022, USD Million
TABLE 42 Rest of North America Magnetoresistive Element Market, 2023 - 2030, USD Million
TABLE 43 Rest of North America Magnetoresistive Element Market by Vertical, 2019 - 2022, USD Million
TABLE 44 Rest of North America Magnetoresistive Element Market by Vertical, 2023 - 2030, USD Million
TABLE 45 Rest of North America Magnetoresistive Element Market by Application, 2019 - 2022, USD Million
TABLE 46 Rest of North America Magnetoresistive Element Market by Application, 2023 - 2030, USD Million
TABLE 47 Key Information – Robert Bosch GmbH
TABLE 48 Key information – TDK Corporation
TABLE 49 Key information –TE Connectivity Ltd.
TABLE 50 Key Information – Cubic Sensor and Instrument Co., Ltd.
TABLE 51 Key Information – Alps Alpine Co., Ltd.
TABLE 52 Key Information – Honeywell International, Inc.
TABLE 53 key information – Analog Devices, Inc.
TABLE 54 Key Information – Crocus Technology, Inc.
TABLE 55 Key Information – Avalanche Technology Inc.
TABLE 56 key information – Micron Technology, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America 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 North America Magnetoresistive Element Market share by Vertical, 2022
FIG 6 North America Magnetoresistive Element Market share by Vertical, 2030
FIG 7 North America Magnetoresistive Element Market by Vertical, 2019 - 2030, USD Million
FIG 8 North America Magnetoresistive Element Market share by Application, 2022
FIG 9 North America Magnetoresistive Element Market share by Application, 2030
FIG 10 North America Magnetoresistive Element Market by Application, 2019 - 2030, USD Million
FIG 11 North America Magnetoresistive Element Market share by Country, 2022
FIG 12 North America Magnetoresistive Element Market share by Country, 2030
FIG 13 North America 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.