The silicon magnetic sensor market is set to commence a period of strong growth in 2010 as demand surges from the automotive, industrial and consumer markets, according to iSuppli Corp. 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.
From the built-in electronic compass in Apple’s iPhone, to the turn-by-turn directions in Motorola’s Droid, consumers love the navigation functions in their cell phones, causing shipments of magnetic sensors for electronic compasses to boom in the coming years, according to iSuppli Corp. Global shipments of magnetic sensors for electronic compasses in cell phones are set to rise by a factor of more than 60 from 2008 to 2013. Shipments will amount to 540.7 million units in 2013, up from just 8.7 million in 2008, as presented in the attached figure.