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Magnetic sensors have a number of significant benefits, including the ability to measure mechanical characteristics like angle of rotation and angular speed without touch, which results in wear-free operation.
The magnetic sensor is made up of a chip having a magneto resistive component that detects magnetic vectors and a magnet designed to bias magnetic vectors that the magneto resistive component can also detect. It is possible to detect changes in the magnetic vector using the chip that is employed in the sensor.
This vector observes how a magnetic body responds to changes in the magneto resistive component’s resistance value.
The Global automotive magnetic sensor market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
According to the ISO26262 functional safety standard, the new AS5170 and AS5171 sensors by am AG were created as SEOOC (Safety Element out of Context) devices.
The AS517x parts are am first magnetic position sensors to offer full data path diagnostics, enabling automotive system OEMs to achieve a higher level of ISO26262 system-level compliance.
This is in line with am strategy of assisting its customers in meeting the constantly rising demand for automotive safety features built into critical vehicle systems. Precision measurements are possible even for reduced angular excursions down to a minimum arc of 90° thanks to their excellent 12-bit output resolution.
This means that a variety of safety-critical automotive applications, such as chassis height, gear shifters, electronic power steering, exhaust gas recirculation, brake pedal, and throttle position sensing, are well suited for the am devices.
The newest member of the 3DMAG family of rotary and linear magnetic-position sensor ICs for automotive and industrial applications, the A31315 sensor, has been released, according to Allegro Micro Systems, Inc., a global provider of power and sensing solutions for motion control and energy-efficient systems.
In order to measure magnetic-field components along three axes (X, Y, and Z), the new 3DMAG sensors combine Allegro’s tried-and-true planar and vertical Hall-effect technologies. This gives them true 3D-sensing capabilities with a broad magnetic dynamic range without saturation. Integrators face new performance and functional safety challenges as advanced driver-assistance systems (ADAS) and autonomous driving systems advance.
To aid in the ongoing electrification of vehicles, Alps Alpine Co., Ltd. has expanded its magnetic sensor lineup with the addition of two new products. The advancement of steering angle detection and electronic shifters builds on prior achievements in the automotive industry.
The new magnetic sensors from Alps Alpine have an integrated amplifier to support size reductions and satisfy requirements for redundancy in design with single-ended high output of 3Vpp. The dual-die1 model complies with full redundancy design specifications and can be delivered as a single product. The magnetic sensors, which are intended for use in automotive motors, can be used to establish conditions resistant to external magnetic disturbance.
This is because they have strong magnetic field resistance of 120mT and operate well in high-temperature environments up to 150°C thanks to the use of novel thin-film technology. The TAS4240 TMR-based angle sensor from TDK Corporation broadens its line of tunnel-magnetoresistance (TMR) angle sensors for use in industrial and automotive applications.
The TAS4240 offers two redundant analogue single-ended SIN/COS outputs and is housed in a small TSSOP8 package. In applications where high performance is required but there is a need for compactness, the sensor enables precise angle measurements.
Modern TMR technology from TDK takes advantage of its extensive experience in magnetic-sensor technology and successfully incorporates advanced TMR technology into small packages to optimize its sensors. Throughout the sensor’s lifetime and at various temperatures, the angle accuracy is unaffected. The TAS4240 exhibits deterministic behavior in extended magnetic-field ranges, opening up new application opportunities even in demanding settings.
The MLX9042x series is a new addition to Me lexis’ line of 3D magnetic position sensing products. These sensors are designed for automotive customers on a budget who require absolute position measurement in challenging, noisy environments over a wide temperature range.
The MLX9042x devices all have output stage drivers and analogue signal conditioning as well as data conversion, signal processing, and Triaxis Hall sensor technology, which was invented by Me lexis.
North America
The North American market, particularly the USA, will be one of the prime markets for (Automotive Magnetic Sensor) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements.
The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive.
Europe
The European market, particularly Western Europe, is another prime market for (Automotive Magnetic Sensor) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive.
In Western Europe, the margins for (Automotive Magnetic Sensor) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period.
Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe.
There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Automotive Magnetic Sensor) in the region.
Asia
Asia will continue to be the global manufacturing hub for (Automotive Magnetic Sensor Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region.
There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.
There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon.
Africa
Africa is expected to see the largest growth in (Automotive Magnetic Sensor Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations.
Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape.
RoW
Latin America and the Oceania region will showcase growth over the forecast period in (Automotive Magnetic Sensor Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which is supported by foreign investments in the region. This will be across industries mainly automotive and medical devices.
There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region.
