Giant magnetoresistance (GMR) is primarily a quantum mechanical magnetoresistance effect which is detected in the multilayers composed of alternating non-magnetic as well as ferromagnetic conductive layers. Giant magnetoresistive sensors are employed for speed, position and angle sensing. Major application area of giant magnetoresistive sensor includes consumer electronics, aerospace and defense among others. Moreover, microelectronics and biotechnology is also some of the prime application area of giant magnetoresistive sensors. The giant magnetoresistive sensor market has been segmented into by application which includes consumer electronics, automotive, healthcare, aerospace & defense, biotechnology, industrial among others. The market for giant magnetoresistive sensor has been segmented geographically into Asia Pacific, Europe, North America, South America and Middle East and Africa.
Increasing demand and application of MEMS focused sensors are acting as one of the drivers for the giant magnetoresistive sensor market globally. Application of giant magnetoresistive sensors for sensing magnetic field and electrical currents in industrial sector is one of the major driving factors for the market globally. Moreover, Giant magnetoresistive sensors are primarily implemented in Lab-on-a-Chip devices in order to identify and detect magnetic nanoparticles that are applied as tags for different biomolecules. Rising application of GMR sensors across automotive sector is another major driving factor for the market worldwide. Increasing proliferation of advanced smart electronic gadgets in developed as well as developing nations is also fueling the growth of giant magnetoresistive sensors globally. Growing application of different sort of sensors in high end medical devices is boosting the market across globally. Steering angle measurement along with crank shaft position and speed sensing are some of the key application areas of giant magnetoresistive sensors in automotive sector.
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Furthermore, giant magnetoresistive sensors have widespread applications in aerospace, power systems, biomedical field and modern transport systems. Increasing research activities in the field of magnetoresistive sensors have impacted the market for giant magnetoresistive sensors positively. Design complexities along with increasing demand for low cost solutions are some of the restraining factor which may inhibit the growth of the giant magnetoresistive sensors globally. Increasing application of giant magnetoresistive sensors in high end medical devices and research laboratory equipment are some of the opportunities for the market.
In 2016, Asia Pacific is leading the market for giant magnetoresistive sensor in terms of revenue, followed by North America and Europe globally. China is leading the market owing to its technological advancement in the field of magnetoresistive sensors, followed by India, Japan, South Korea and Taiwan among others. The U.S. is dominating the market for giant magnetoresistive, followed by Canada and Mexico. Increasing proliferation of high end and advanced consumer electronics such as smart phones, laptops, computers and wearable gadgets is stimulating the demand for giant magnetoresistive sensor North America. Germany, the U.K., Italy and France are holding prominent positions in the giant magnetoresistive sensor market across Europe. The U.A.E, South Africa, Brazil and Argentina among others are dominating the market for giant magnetoresistive sensor across Middle East and Africa and South America. Increasing advancement in the automotive sector is one of the major factors behind the growing application giant magnetoresistive sensors across Middle East and South America.
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Bartington Instruments Ltd (The U.K.), MEMSIC, Inc. (The U.S.), TE Connectivity Ltd (Switzerland), Analog Devices, Inc. (The U.S.), Honeywell International Inc. (The U.S.), Robert Bosch GmbH (Germany), ams AG (Austria), NXP Semiconductors N.V. (The Netherlands), The Micronas Group (Switzerland), Melexis NV (Belgium), Infineon Technologies AG (Germany), Sanken Electric Co., Ltd. (Japan) and Asahi Kasei Corporation (Japan) among others are prominent players operating in the giant magnetoresistive sensor globally. Geographical expansions along with establishing partnership agreements with other companies are some of the major strategies adopted by companies in order to strengthen its presence worldwide.
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