The different application bases help sensor growth

Published:2012/8/6 22:58:00 Author:Ecco From:SeekIC

According to market research firm IHS iSuppli, the market for magnetic sensors is expected to grow by 13 percent in 2012 after surging by more than 22 percent last year. Since magnetic sensors are widely used in cell phone navigation, automotive efficiency and solar energy generation, the revenue of the market is projected to hit $1.7 billion this year, up from $1.5 billion in 2011 and $1.22 billion in 2010.

Richard Dixon, principal analyst for MEMS & sensors at HIS introduced that “The magnetic sensor market consists of Hall-effect and magneto-resistive semiconductor ICs that are used to track rotational speed and linear angles in machines and devices, or to detect and process magnetic fields to establish positioning." However, the automotive market accounted for the largest portion of the sensor market in 2011. HIS indicated that the sensor revenue from automotives grew 13 percent to reach $731.2 million last year. And sales to the wireless and consumer space increased by a stunning 50 percent in 2011, reaching $549.9 million.

In addition, sensor sales in the industrial-military-energy-medical sector increased 6 percent to reach $153.3 million last year, while sales to the data processing segment increased 2.5 percent to $64.6 million.

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