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Consolidations and Declining Prices Are Key Trends in the Magnetic Sensors Market

Posted on: Monday, 23 August 2004, 06:00 CDT

By expanding product portfolio and entering new markets through consolidations, multinational companies are intensifying competition in the magnetic sensors market. In a bid to weather this competitive trend, companies are strategizing to outdo competition by offering attractive prices and focusing on niche applications.

New analysis from Frost & Sullivan (http://www.sensors.frost.com), World Magnetic Sensor Components and Modules/Subsystems Market, reveals that world revenues from magnetic sensor components and modules/subsystems totaled $236.9 million in 2003 and projects to reach $236.9 million by 2010. The study further states that consolidation between participants in the magnetic sensors industry affects the competitiveness of the smaller companies.

If you are interested in a virtual brochure, which provides manufacturers, end-users and other industry participants an overview of the latest analysis of the World Magnetic Sensor Components and Modules/Subsystems Market -- then send an email to Melina Gonzalez -- Corporate Communications at melina.gonzalez@frost.com with the following information: your full name, company name, title, telephone number, fax number and email. Upon receipt of the above information, an overview will be sent to you via e-mail.

"Multinational Corporation's (MNCs) use consolidation as a key strategy to extend their market reach," says Frost & Sullivan Research Analyst Alok Tiku. "While this strategy benefits both the MNC and the acquired company, smaller companies lacking resources to fight their large counterparts are gradually finding it difficult to compete."

Similar products and market maturity have been the key reasons behind this consolidation trend. Participants restrained by lack of growth prospects are resorting to low pricing to sustain market share and this, in turn, is resulting in decreasing revenue flow.

Another outcome of such market developments is the prevalence of stiff competition among firms catering to each segment that is suited for niche sensor applications. To illustrate, Hall effect (HE) sensors are used in the automotive industry, while superconducting quantum interference device (SQUID) sensors are used in the medical industry and magnetoresistive sensors used in both. There is severe competition among the number of suppliers participating within each of the above mentioned applications, with manufacturers concentrating on their particular sector.

Identifying newer markets, creating awareness on sophisticated features and performance capabilities, and the use of high quality materials to deliver superior performance are likely to help participants counter growth barriers and expand customer base.

The magnetic sensors market is also likely to witness a growth in revenues which is expected to be fueled by the increased usage of anti-lock braking systems (ABS) and navigation tools such as global positioning systems in the automotive industry.

"Participants are moving toward offering complete system solutions rather than providing discrete components to leverage on such emerging opportunities," concludes Tiku.

The World Magnetic Sensor Components and Modules/Subsystems Market, a part of the Sensors subscription, analyzes the demand for different types of sensors that include: Hall effect sensors, magnetoresistive sensors, and SQUID sensors. It provides comprehensive information on various products offered by competitors, and strategies to develop and maintain market share, along with a survey based on customer and geographical segments. Executive summaries and interviews are available to the press.

Frost & Sullivan, a global growth consulting company, has been supporting clients' expansion for more than four decades. Our market expertise covers a broad spectrum of industries, while our portfolio of advisory competencies include custom strategic consulting, market intelligence and management training. Our mission is to forge partnerships with our clients' management teams, to deliver market insights, and to create value and drive growth through innovative approaches. Frost & Sullivan's network of consultants, industry experts, corporate trainers and support staff, spans the globe with offices in every major country.

World Magnetic Sensor Components and Modules/Subsystems Market

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The following is a key list of industry participants: ABBESS INSTRUMENTS AND SYSTEMS, INC.; ACCIR Sensor Products, Inc.; Accromag, Inc; ADVANCED ORIENTATION SYSTEMS, Inc.; AI-TEK Instruments, LLC; Aleph International Corp.; Allegro MicroSystems, Inc.; American Electronic Components, Inc.; AMETEK, Inc.; Ansoft Corp.; Applied Physics Systems; Balluff Inc.; Bartington Instruments Ltd; Billingsley Magnetics; Bourns, Inc.; Brodersen Teknik A/S; Cherry Corp.; Collmer.COM; Conductus; CR MAGNETICS, INC.; Crossbow Technology, Inc.; Cryogenic Electronic System; Cryomagnetics, Inc.; Dalec Electronics, Inc.; DEWETRON INC; ELDEC Corp.; Elweco, Inc.; EMCORE Corp.; EMX Industries; F.I.T. Messtechnik GmbH; FINO AG; GEM Systems; General Electric Co.; Gentech International Ltd.; Geometrics, Inc.; GMW Associates; Hamlin Electronics Europe Ltd.; HIGH VOLTAGE POWER SYSTEMS, INC.; HL-Planartechnik GmbH; Honeywell International Inc.; HYPRES, Inc; Infineon Technologies AG; JLD Systems; Juelicher SQUID GmbH; Kane Magnetics International; LEM, Lake Shore Cryotronics, Inc.; Lowell Technologies, LLC; Madison Co.; MagneLink, Inc.; Magnetic Sensor Systems; Melexis Microelectronic Systems; Micronas Semiconductor Holding AG; MicroStrain, Inc.; MTS Systems Corp.; National Institute of Standards and Technology (NIST); Neocera, Inc.; Neuromag; NOAH Industries, Inc.; NVE Corp.; Omega Engineering, Inc.; Optek, Inc.; Philips Semiconductors; Phoenix America Inc.; PNI Corp.; QUANTUM DESIGN; San Diego Magnetics, Inc.; Scintrex Ltd.; Sensor Solutions Corp.; Sensors International; Shin-Etsu Magnetics Inc; Smith Systems Inc.; Southwest Research Institute(SwRI); Spectec Sensors; SPS Technologies, Inc.; STAR Cryoelectronics; Sumitomo Electric Hightechs Co., Ltd.; Sumitomo Electric Industries, Ltd.; Superconductor Technologies Inc.; Sypris Solutions, Inc.; The Arnold Engineering Co.; The Electronics and Electrical Engineering Laboratory; THERMOTION LLC; Tristan Technologies, Inc.; VSM MedTech Ltd.; Wabash Technologies; Walker LDJ Scientific, Inc.

Keywords in this release: world, magnetic sensor components, magnetic sensor modules, magnetic sensor subsystems, anti-lock braking systems, ABS, global positioning system, GPS, Hall effect sensors, magnetoresistive sensors, superconducting quantum interference device, sensors, SQUID, research, information, market, trends, technology, service, forecast

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