MANHASSET, NY The silicon magnetic sensor market will show strong growth in 2010 as demand surges from the automotive, industrial and consumer markets, according to iSuppli Corp.
The market research firm predicts that global silicon magnetic sensor revenue will reach $1.4 billion in 2013, up from $821 million in 2009. This equates to slightly more than 5 billion magnetic sensor ICs and switches, up from about 2.8 billion units in 2009.
"Magnetic sensors represent one of the most pervasive types of sensors sold today," said iSuppli's Richard Dixon, senior analyst, Microelectromechanical Systems and sensors.
The devices are used in areas ranging from high-cost applications like industrial motors to low-cost consumer products.
In the automotive body segment alone, the number of magnetic sensors and switches will grow from 6.7 on average in 2008 to 9.4 in 2013.
The emerging electronic compass for GPS-equipped mobile phones will also accelerate the market for 3-axis silicon magnetometers measuring small magnetic fields.
This application, in addition to other sensors and switches in mobile phones, will help drive this category from just 10 percent of the magnetic sensor market in 2008 to 33 percent in 2013, according to iSuppli.
Asahi Kasei Microsystems, Allegro Microsystems, Micronas, Infineon and NXP, Sensitec and austriamicrosystems are key players in silicon magnetic sensors.
"Silicon sensors are outgunning competition from potentiometers, Reed switches and micro-switches by eliminating issues with wear, by incorporating electronics on-chip for more intelligence per area, on robustness, and on cost and size," said Dixon.
The iSuppli report is abstracted here.