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Vehicle electrification will be strong growth driver for magnetic sensors market

Insights
AutotechInsight Analysis Monthly

IHS Markit forecasts automotive silicon-based magnetic sensor market to expand from USD1.43 billion in 2019 to USD2.3 billion in 2030

The automotive industry has witnessed a sharp deceleration in vehicle sales over the last couple of years. While the trend was expected to reverse by the second half of 2020, the COVID-19 pandemic will certainly sustain the slump

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