According to a new market report by Lucintel, the future of the global fluxgate sensor market looks promising with opportunities in the automotive, healthcare & life science, defense, electrical & electronics, media & communications, energy & utility industries. The global fluxgate sensor market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to grow with a CAGR of 9% from 2020 to 2025. The major growth drivers for this market are growing electronics and electrical industry along with rising demand for consumer electronic goods.
To download report brochure, please go to www.lucintel.com/fluxgate-sensor-market.aspx and click "download brochure" tab from the menu.
In this market, navigation systems, industrial monitoring and control systems, and overcurrent detection are some of the applications of fluxgate sensor.
Within this market, automotive, healthcare & life sciences, defense, electrical & electronics, media & communications, and energy & utilities are the major end use industries.
North America will remain the largest region in the global fluxgate sensor market over the forecast period due to rapidly growing innovation and demand for sensor based products in automation industry across the region.
Stefan Mayer Instruments, Xi'an Huashun Measuring Equipment Co., Ltd., Macintyre Electronic Design Associates Inc., Methode Electronics Inc., Fluxgate World Subsystems, and MSR-Electronic GmbH are among the major manufacturers of the global fluxgate sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the fluxgate sensor market by application, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Fluxgate Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global fluxgate sensor market by application, end use industry, and region as follows:
By Application [$M shipment analysis for 2014 – 2025]:
Navigation Systems
Industrial Monitoring and Control Systems
Overcurrent Detection
Others
By End Use Industry [$M shipment analysis for 2014 – 2025]:
Automotive
Healthcare & Life Sciences
Defense
Electrical & Electronics
Media & Communications
Energy & Utilities
Others
By Region [$M shipment analysis for 2014 – 2025]:
North America
United States
Canada
Mexico
Europe
Asia Pacific
China
Japan
India
South Korea
Rest of the World
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.