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MEMS Magnetic Field Sensors Market - Forecast(2022 - 2027)

The MEMS technology has witnessed huge transformation from being a niche market to mature market over the past decades. Owing to its cheaper price and small form factor, MEMS technology has penetrated almost in all the possible devices and applications, where space is the major concern. Magnetic field sensor is also one of such sensors, which has been positively influenced by the MEMS technology. The MEMS based magnetic field sensors market has accelerated over the last couple of years and similar trend is expected to continue in coming 5 years.  Owing to the integration of MEMS in magnetic sensors, the market has seen huge growth potential and is expected to grow even more with penetration into newer applications. The major applications that are analyzed in the report are automotive, industrial, consumer electronics, medical, aerospace and defense, and others. The vital role of magnetic sensors in GPS and e-compass products has proliferate the use of magnetic sensors in automotive...