Navigational Prowess: On-Board Magnetic Sensor Market in Consumer Electronics
The On-Board Magnetic Sensor Market , which was valued at USD 1.16 billion in 2017, is expected to expand rapidly and reach USD 1.89 billion by 2023, with a compound yearly growth rate (CAGR) of 8.4% from 2018 to 2023. This increase is explained by the growing use of magnetic sensors in a variety of applications, from industrial machinery to consumer and automobile electronics. Due to their critical function in safety applications, navigation systems, and position detection, these sensors are in high demand and are expected to continue growing in the years to come. Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=37994383 The steady increase of on-board magnetic sensor applications in consumer electronics is driving a substantial growth in the on-board magnetic sensor market. This rise is further fueled by the crucial role that on-board magnetic sensors play in navigation systems. Due to the wide range of areas in which these sensors find useful ap