Magnetic Encoder ICs Market Scope: Industry Analysis, Market Size, Growth, Trends Till 2031
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Magnetic Encoder ICs Market Size and Growth
The global Magnetic Encoder ICs market is projected to grow at a CAGR of 6.8% during the forecast period 2021-2026, reaching a market size of $1.2 billion by 2026. The increasing demand for precision motion control in industrial automation and robotics is driving the market growth. Major players in the market include AMS AG, Allegro Microsystems, and Memsic Inc.
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Companies Covered (Covid 19 Impact Covered)
◍ Broadcom
◍ AMS
◍ TE Connectivity
◍ IC-Haus
◍ SEIKO NPC
◍ RLS
The competitive landscape of the Magnetic Encoder ICs market includes companies like Broadcom, AMS, TE Connectivity, IC-Haus, SEIKO NPC, and RLS. These companies offer a range of magnetic encoder ICs for various applications. They utilize advanced technology to enhance performance and reliability, thereby helping to grow the market.
- Broadcom: Sales revenue of $23.89 billion
- AMS: Sales revenue of $2.56 billion
- TE Connectivity: Sales revenue of $14.02 billion
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