Magnetic sensors are a key enabling technology for the growing automotive and Internet-of-Things businesses.
AUTOMOTIVE AND THE INTERNET-OF-THINGS APPLICATIONS WILL DRIVE THE MAGNETIC SENSOR BUSINESS
Automotive is the biggest magnetic sensor business by far, accounting for more than 50% of the overall market’s $1.64B value in 2016. Today, 20-30 magnetic sensors are used in a traditional internal combustion engine (ICE) car. This could rise to 35 in hybrid cars, which require additional current sensors. Magnetic sensors can be used for position and speed sensing, switching, current sensing, and have the advantage of being contactless and thus very robust. Thus magnetic sensors already contribute significantly to car electrification. This will continue in coming years, in both powertrain and auxiliary brushless motors, and as reliability requirements increase for autonomous cars.
We group together industrial and other applications as a second segment, including industrial plants, transportation, homes, appliances and consumerel ectronics. The market is clearly very fragmented, with smaller volumes and more dedicated products than in automotive, which are thus also higherpriced. But similar trends as in automotive will drive market growth. The transition to brushless motors and Internet-of-Things (IoT) are boosting the market by providing intelligence and connectivity to objects either for ‘industry 4.0’ or for consumer smart homes. We therefore expect this business will have double digit growth, the highest in the magnetic sensor market.
The ‘ecompass’ electronic compass market is stabilizing after several years of shrinkage due to rapid price erosion and smartphone market saturation. Ecompasses that use 3D magnetic sensors equip a majority of smartphones to precisely give pedestrians directions in digital maps, and for a few years have assisted GPS when satellite signals are unavailable. Market growth will come back thanks to new applications such as wearables, robots and drones, but will be moderate compared to other businesses.
Overall, the market will grow by 8% per year, to reach almost $2.6B in 2022. The report identifies the key driving forces and restraints for each magnetic sensor market and provides accurate market forecasts in dollars, units and number of wafers.
More information on that report at http://www.i-micronews.com/reports.html
29. Automotive is the biggest magnetic sensor
business by far, accounting for more than 50%
of the overall market’s $1.64B value in 2016.
Today, 20-30 magnetic sensors are used in a
traditional internal combustion engine (ICE) car.
This could rise to 35 in hybrid cars, which require
additional current sensors. Magnetic sensors
can be used for position and speed sensing,
switching, current sensing, and have the advantage
of being contactless and thus very robust. Thus
magnetic sensors already contribute significantly
to car electrification. This will continue in coming
years, in both powertrain and auxiliary brushless
motors, and as reliability requirements increase
for autonomous cars.
We group together industrial and other applications
as a second segment, including industrial plants,
transportation, homes, appliances and consumer
electronics. The market is clearly very fragmented,
with smaller volumes and more dedicated products
than in automotive, which are thus also higher-
priced. But similar trends as in automotive will drive
market growth. The transition to brushless motors
and Internet-of-Things (IoT) are boosting the
market by providing intelligence and connectivity
to objects either for ‘industry 4.0’ or for consumer
smart homes. We therefore expect this business
will have double digit growth, the highest in the
magnetic sensor market.
The ‘ecompass’ electronic compass market is
stabilizing after several years of shrinkage due
to rapid price erosion and smartphone market
saturation. Ecompasses that use 3D magnetic
sensors equip a majority of smartphones to
precisely give pedestrians directions in digital
maps, and for a few years have assisted GPS when
satellite signals are unavailable. Market growth
will come back thanks to new applications such
as wearables, robots and drones, but will be
moderate compared to other businesses.
Overall, the market will grow by 7% per year, to
reach almost $2.5B in 2022. The report identifies
the key driving forces and restraints for each
magnetic sensor market and provides accurate
market forecasts in dollars, units and number of
wafers.
MAGNETIC SENSOR
Market & Technology report - November 2017
AUTOMOTIVE AND THE INTERNET-OF-THINGS APPLICATIONS WILL DRIVE
THE MAGNETIC SENSOR BUSINESS
Magnetic sensors are a key enabling technology for the growing automotive and Internet-of-
Things businesses.
KEY FEATURES OF THE REPORT
Get the sample of the report
on www.i-Micronews.com
• Market forecast for 2016-2022
in units, US$, and number of
wafers by applications, including
automotive, ecompass, industrial
and others, and technology,
including Hall effect, anisotropic
magnetoresistive (AMR), giant
magnetoresistance (GMR), tunnel
magnetoresistance (TMR) and
other technologies
• Competitive landscape with player
market shares by technology and
market, supply chain analysis and
market dynamics
• Magnetic sensor applications,
market drivers, main trends and
key players
• Technology descriptions and
comparisons, main trends, main
players
Magnetic sensor market forecast 2016-2022
2016 2017 2018 2019 2020 2021 2022
Automotive Ecompass Industrial and others
0,5
1
1,5
2
2,5
3
Revenuein$B
(Yole Développement, November 2017)
THE COMPETITIVE LANDSCAPE VARIES DEPENDING ON WHETHER
THE MARKET IS FOCUSED ON AUTOMOTIVE, ECOMPASS OR INDUSTRIAL
AND OTHERS
The market players are different in each main
magnetic sensor business, but there is some overlap:
• An almost pure magnetic sensor player, Allegro
Microsystems, leads the automotive business.
It is challenged by large semiconductor groups
focused on automotive, namely Infineon, NXP,
Melexis and TDK. Those five players account for
more than 90% of this sector.
30. MAGNETIC SENSOR MARKET AND TECHNOLOGIES 2017
xMR TECHNOLOGIESWILL SLOWLY GAIN MARKET SHARE
The technology landscape is becoming increasingly
complex, as the presence of magnetoresistive (xMR)
technologies grows. These include anisotropic
magnetoresistive (AMR), giant magnetoresistive
(GMR), and more recently tunnel magnetoresistive
(TMR). Their growth comes at the expense of,
or in combination with, historical Hall effect
technology. xMR technologies’ main advantage is
better sensitivity and thus they are mainly used for
ecompass and position measurement, especially for
precise angles. Most big Hall players have introduced
xMR technologies into their product portfolios and
intend to grow this business, including AKM, Infineon,
Allegro, Melexis, TDK, Diodes and Honeywell. Thus,
we expect xMR technologies will increase their
market share from 27% to 31% from 2016 to 2022.
• AKM dominates the ecompass business and other
Japanese players such as Yamaha and Alps have been
their main competitors until recently. However,
now new entrants from the US and Taiwan including
MEMSIC, Isentek and Voltafield, have gained
significant market share thanks to aggressive pricing
below $0.10 per device.
• AKM and Allegro both come into the ‘industrial and
other’ segment from the automotive or consumer
businesses. They therefore benefit from economies
of scale, and their devices provide the high reliability
those markets demand. The rest of the market is
very fragmented, with a mix of industrial-focused
companies, such as Honeywell and Diodes, or
automotive- or ecompass-focused companies.
The frontiers tend to blur between these markets,
with ecompass and industrial players trying to
enter the dynamic automotive business. Mergers
and acquisitions will continue following the deals
between Micronas and TDK and NXP and Freescale.
We have listed potential targets for acquisitions in
the report.
Magnetic sensor supply chain and key players*
(Yole Développement, November 2017)
VW, Renault, GM, PSA
Magnetic Sensor chips Systems
Automotive
focus
Industrial and
other applications
Continental, Bosch, Denso, Magna,
Valeo, Delphi, Johnson Controls
Samsung,Apple, Huawei, Oppo,
HP,Asus, Lenovo
Itron, Landis+Gyr, GE, Sagem
Schneider, Siemens,ABB,WEG
Honeywell, Schneider Electric,
Siemens, Bosch,Tyco
Packaged sensors
Ecompass
focus
ASIC chips
Whirlpool, Siemens, Samsung
*Non-exhaustive list of the magnetic sensor supply chain and its key players
71%27%
2%
2016
67%
31%
2%
2022
Hall
xMR
Others
$2.52B$1.64B
Technology market share evolution
(Yole Développement, November 2017)
31. Find more
details about
this report here:
MARKET TECHNOLOGY REPORT
COMPANIES CITED IN THE REPORT (non exhaustive list)
Aichi Steel, AKM, Allegro Microsystems, Alps, Analog Devices, Bosch, Continental, Crocus
Technology, Diodes, Dyna image, Everspin, Freescale, Honeywell, Infineon, Invensense, Isentek,
LEM, Melexis, Memsic, Multi Dimension, Murata, NVE, NXP, PNI, Polar Semiconductor, Ricoh, Rohm,
Sanken Electric, Seiko II, Sensitec, Sinomags, ST Microelectronics, Supracon, TDK Micronas, TE
Connectivity, Tera Probe, Texas Instruments, TowerJazz, TSMC, Voltafield, Xfab, Yamaha, and more.
AUTHOR
Yann de Charentenay works as a
Technology Market Analyst for Yole
Développement (Yole). As part of the
MEMS Sensors Business Unit, Yann
is strongly involved in the technology
market analysis of the applications of
disruptive technologies and components:
memory, MEMS and sensors... Yann is daily
contributing to the development of Yole’s
activities with a dedicated collection of
market technology reports as well as
custom consulting projects.
Prior his mission at Yole, Yann was
engaged as a marketing engineer at the
Commissariat à l’Energie Atomique (CEA,
France) as well as a consultant at Algoe
(France). He has spoken in numerous
international conferences and has authored
or co-authored numerous press articles.
Yann is graduated from the University of
Compiegne (France) with a master degree
in innovation management. He is also
graduated from INP Phelma (Grenoble,
France) with a master degree in materials
science.
Glossary
Companies cited in this report
Definitions
Market research scope and methodology
Executive summary 12
Overview of magnetic sensor markets
and forecast 31
Market forecast by applications (automotive,
ecompass, industrial and other applications)
Market forecast by technology (Hall, AMR,
GMR, TMR, other technologies)
Analysis of magnetic sensor technologies 41
Hall
AMR
GMR
TMR
Other technologies: Fluxgate, magneto
inductive, SQUID
Cost breakdown
Technical trends: integration, miniaturization,
packaging
Analysis of manufacturer positioning 68
Presence by market and technology
Market share by technology
Supply chain analysis
MA analysis and potential target identification
Analysis of magnetic sensor applications 88
Automotive
Ecompass
Industrial and other applications
Conclusion 135
Yole Développement presentation 140
TABLE OF CONTENTS
xMR adoption is slow because it is generally
adopted only for new applications or projects.
Hall technology is still very effective, especially
for its cost, and will remain the preferred option
for many applications. Manufacturing strategies
used to make xMR technologies vary from
internal production, for Infineon, Allegro, TDK
and Honeywell, to outsourcing, done by Melexis
and Analog Devices, and IP licensing agreements,
such as NXP’s deal with Crocus Technology. As
usual in the semiconductor business, technical
trends will further push product miniaturization,
thanks to greater integration and smaller
packaging.
This market report analyzes all the main magnetic
sensor technologies, including Hall, AMR, GMR
and TMR, but also other technologies such as
fluxgate, magnetoinductive and superconducting
quantum interference devices (SQUIDs). We
describe each technology, and provide forecasts
by main market for automotive, ecompass and
industrial and other applications.
• Status of the MEMS Industry 2017
• 3-Axis 6-Axis eCompass Comparison
Technology and Cost Review
• Bosch Sensortec BMC150 6-Axis MEMS
eCompass
Find all our reports on www.i-micronews.com
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REPORT OBJECTIVES
• Provide an understanding of magnetic sensors business for three main applications, automotive,
ecompass and industrial and other applications, spanning technologies, market trends, players
and market drivers
• Offer market forecasts for the magnetic sensor business for three main applications and five
technology groups: Hall, AMR, GMR, TMR, and others
• Describe magnetics sensor functions, including ecompass, switches, position, speed and current
sensors, and technologies, including technical principles, advantages/limitations, main functions
of each technology, main players and main technical trends.
• Identify key players and analyze player strategies by market and technology including market
shares by technology and by main markets, supply chain positions, future evolutions and
possible mergers and acquisitions
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