Giant magnetoresistance (GMR) is primarily a quantum mechanical magnetoresistance effect which is detected in the multilayers composed of alternating non-magnetic as well as ferromagnetic conductive layers. Giant magnetoresistive sensors are employed for speed, position and angle sensing. Major application area of giant magnetoresistive sensor includes consumer electronics, aerospace and defense among others. The market for giant magnetoresistive sensor has been segmented geographically into Asia Pacific, Europe, North America, South America and Middle East and Africa.
Increasing demand and application of MEMS focused sensors are acting as one of the drivers for the giant magnetoresistive sensor market globally. Application of giant magnetoresistive sensors for sensing magnetic field and electrical currents in industrial sector is one of the major driving factors for the market globally. Moreover, Giant magnetoresistive sensors are primarily implemented in Lab-on-a-Chip devices in order to identify and detect magnetic nanoparticles that are applied as tags for different biomolecules. Rising…
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