Magnetic Sensors Market 2020–2024 | Increasing Adoption of PDUs by Data Centers to Boost Growth | Technavio
Technavio has been monitoring the magnetic sensors market and it is poised to grow by USD 823.62 million during 2020–2024, progressing at a CAGR of over 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. Request a free sample report
The market is concentrated, and the degree of concentration will accelerate during the forecast period. NVE Corp., NXP Semiconductors NV, STMicroelectronics NV, TDK Corp. and Texas Instruments Inc. are some of the major market participants. The increasing adoption of PDUs by data centers will offer immense growth opportunities. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing adoption of PDUs by data centers has been instrumental in driving the growth of the market.
Magnetic Sensors Market 2020–2024: Segmentation
Magnetic Sensors market is segmented as below:
Application
- Automotive
- Industrial
- Consumer Electronics
- Others
Geographic segmentation
- APAC
- Europe
- MEA
- North America
- South America
To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR40841
Magnetic Sensors Market 2020–2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our magnetic sensors market report covers the following areas:
- Magnetic Sensors Size
- Magnetic Sensors Trends
- Magnetic Sensors Industry Analysis
This study identifies rise in adoption of robots for industrial automation as one of the prime reasons driving the magnetic sensors growth during the next few years.
Magnetic Sensors Market 2020–2024: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the magnetic sensors market, including some of the vendors such as NVE Corp., NXP Semiconductors NV, STMicroelectronics NV, TDK Corp. and Texas Instruments Inc. are some of the major market participants. Backed with competitive intelligence and benchmarking, our research reports on the magnetic sensors are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
