Current Sensor Market

Current Sensor Market by Current Sensing Methods (Direct, Indirect), Loop Type (Closed Loop, Open Loop), Technology (Isolated, Non-Isolated), Output Type (Analog, Digital), End User (Automotive, Industrial) and Region Global Forecast to 2028

Report Code: SE 6985 Oct, 2023, by marketsandmarkets.com

[248 Pages Report] The Current Sensor Market was valued at USD 2.8 billion in 2023 and is projected to reach USD 4.7 billion by 2028, growing at a CAGR of 10.4% during the forecast period from 2023 to 2028.

Factors such as deployment of IoT and IIoT with current sensors, and miniaturization of current sensors creates lucrative opportunities whereas intense pricing pressure resulting in decline in average selling prices (ASPs) is a major restraint for the growth of the current sensor market.

Current Sensor Market

Current Sensor Market

Current Sensor Market Forecast to 2028

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Market Dynamics:

Driver: High adoption of Hall-effect current sensors

Hall-effect current sensors are mainly used for current monitoring, overcurrent fault detection, and power measurement in the industrial automation, telecommunication, and utility sectors, as well as medical, aerospace & defense, consumer electronics, automotive, and railways industries. Currently, industry players are manufacturing completely integrated and programmable current sensors based on bipolar complementary metal-oxide semiconductor (BiCMOS) or complementary metal-oxide semiconductor (CMOS) technologies. These current sensors exhibit features such as no insertion loss, low power consumption, compact package size, single or dual power supply, high accuracy and sensitivity, galvanic isolation, and fast response time.

The surging adoption of Hall-effect sensors in advanced applications, such as autonomous cars and robots, is expected to spur the growth of the current sensor market. For instance, the ACS714 30 Amp Hall-effect current sensor module provides economical and precise solutions for AC or DC current sensing in robotics and automotive applications for autonomous devices. Magnetic sensors used in these applications are highly efficient, accurate, reliable, robust, and have a simple design. The manufacturers of magnetic current sensors are highly investing in different magnetic sensing technologies, such as tunnel magnetoresistance (TMR) and giant magnetoresistance (GMR), to enhance their domain expertise and strengthen their market position. Moreover, the players are also expanding their current sensor product portfolios by introducing new products to cater to the needs of various end users. For instance, in August 2023, Texas Instruments Incorporated (US) launched TMCS1123, a lowest-drift isolated Hall-effect current sensor for high-voltage systems and a portfolio of current shunt monitors that eliminate the need for an external shunt resistor for non-isolated voltage rails.

Restraint: Intense pricing pressure resulting in decline in average selling prices (ASPs)

Increasing applications of current sensors in EVs, HEVs, consumer electronics, telecommunication equipment, and healthcare devices have increased its overall shipment, but sales growth has been hampered due to the continued fall in the price of a product over time, due to pressure from customers and competitors. Several companies are channeling their research and development activities toward providing cost-effective current sensor solutions that use MEMS technology and developing IoT-compatible sensors. This has resulted in pricing pressure, especially for applications where current sensors are used in a high volume. Consequently, manufacturers have been compelled to decrease the potential price of current sensors. Reducing the average selling price benefits the customers but shrinks the profit margin of suppliers. The main challenge for the companies is to offer improved quality products and reduce the overall cost of production. Thus, intense pricing pressure has resulted in a decline in average selling price (ASP), which is expected to hamper the growth of the highly competitive current sensor market.

Opportunity: Miniaturization of current sensors

The miniaturization of current sensors is a key trend in the current sensor market. This is driven by the increasing demand for current sensors in a variety of applications, such as wearable devices, medical implants, power grids, electric vehicles, and control systems. Certain benefits associated with miniaturization of current sensors are reduced size and weight based on application, improved performance, lower cost compared to larger sensors, and enhanced integration with other electronic components.
There are certain challenges associated with miniaturizing current sensors, but to overcome these challenges, several techniques are available. For instance, one of the key challenges is the need to maintain accuracy and sensitivity as the sensor is miniaturized. This can be achieved by using new materials and fabrication techniques.

Another challenge is the need to reduce the power consumption of miniaturized current sensors. This can be achieved by using low-power electronics and optimizing the sensor design.

Some techniques that can be used to miniaturize current sensors are the use of new materials , such as graphene and carbon nanotubes, to make current sensors smaller and more sensitive; the use of new fabrication techniques, such as 3D printing and micromachining, to create miniaturized current sensors with complex geometries; the use of integrated circuits to reduce the size and power consumption of current sensors; and the use of wireless communication to transmit the output of current sensors to a remote location, which can reduce the size and complexity of the sensor.

The miniaturization of current sensors is a rapidly developing field, and new techniques are constantly being developed. This is a promising trend that is expected to continue in the coming years, as it will enable the development of new and innovative applications for current sensors.

Challenges: Need for product differentiation and development of innovative solutions

Current sensors require proper and timely maintenance and replacement to avoid problems related to accuracy, drift, and sensitivity. Currently, in the current sensor market, Hall-effect and magnetoresistive (AMR, TMR, and GMR) are among the most widely used sensor technologies. Hall-effect and AMR sensors have been in the market for a long time. Hence, players need to differentiate their products from competitors by innovating products and providing customized magnetic sensor solutions. Companies are trying to innovate their products according to the changing requirements to capture the maximum share of the market. Magnetoinductive and magneto-optical sensors are being used for customized sensor applications.

Current Sensor Market Map:

Current  Sensor Market by Map

By technology, the isolated segment in the current sensor market is expected to grow at the highest growth rate during the forecast period.

The current sensor market for isolated technology segment is expected to hold a larger market share and expected to grow at the highest rate during the forecast period from 2023 to 2028. This growth is attributed to the increasing demand for magnetic current sensors worldwide due to their usability in a wide range of applications. Magnetic current sensors offer high accuracy, dynamic range, and faster response for power conversion applications such as power supplies for datacenter, servers, and telecom; motor drives and inverters; and uninterruptible power supplies (UPSs). Also, conversion and power management applications in next-generation electronic devices are increasing, which require magnetic current sensors that deliver reliability, durability, and accuracy.

Automotive segment account for the largest market share of the current sensor market, by end user, during the forecast period.

The current sensor market for the automotive industry holds the largest market share and is projected to retain its position during the forecast period from 2023 to 2028. With the growing adoption of electric vehicles, there would be significant advancements and growth in the use of current sensors. Since battery is the main source of energy for systems in hybrid electric vehicles (HEVs)/ electric vehicles (EVs), it is important to know about its charging-discharging cycles. Current sensors are the main source of information for this charging-discharging cycle, and it also reports the status of the battery’s state of health (SOH) to the battery management system. They may be located onboard or externally. With the increase in battery capacities of HEVs/EVs, the requirements for higher current ranges are increasing, thereby accelerating more demand for current sensors.

Asia Pacific region is expected to exhibit the highest CAGR during forecast period

The current sensor market in the Asia Pacific is projected to grow at the highest CAGR during the forecast period; this region is likely to hold the largest share of the current sensor market by 2028. This growth is attributed to the increased use of current sensors in the automotive, building automation, energy & power, and manufacturing industries. Asia Pacific is among the most prominent regions for the automotive sector. The rapidly increasing number of passenger car manufacturing and sales in this region and the growing adoption of isolated current sensors for EVs/HEVs in automotives is driving the current sensors growth in Asia Pacific.

Rapid urbanization and increased investments in R&D by current sensor manufacturers in Asia Pacific contribute significantly to the market growth. A few of the major players offering current sensors, such as Asahi Kasei Corporation (Japan), TDK Corporation (Japan), TAMURA Corporation (Japan), Sensor Electronic Technology (Hong Kong), Kohshin Electric Corporation (Japan), OMRON Corporation (Japan), and ABLIC Inc. (Japan) are headquartered in this region.

Current Sensor Market by Region

Current Sensor Market by Region

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Key Market Players

Asahi Kasei Corporation (Japan), Infineon Technologies AG (Germany), Allegro MicroSystems, Inc. (US), LEM International SA (Switzerland), Melexis (Belgium), TDK Corporation (Japan), Aceinna (US), Honeywell International Inc. (US), TAMURA Corporation (Japan), Texas Instruments Incorporated (US), Silicon Laboratories (US), Ningbo Xici Electronic Technology Co., Ltd.  (China), KOHSHIN ELECTRIC CORPORATION (Japan), Yageo Group (Taiwan), VACUUMSCHMELZE GmbH & Co. KG (Germany), STMicroelectronics (Switzerland), OMRON Corporation (Japan), ICE Components, Inc. (US), Magnesensor Technology (US), and American Aerospace Controls, Inc. (US), are some key players operating in the current sensor companies.

Current Sensor Market Report Scope

Report Metric

Details

Market size available for years

2019–2028

Base year considered

2022

Forecast period

2023–2028

Forecast units

USD Million/Billion

Segments Covered

Current Sensing Methods, Loop Type, Technology, Output Type, End User, and Region.

Regions covered

North America, Asia Pacific, Europe, and RoW

Companies covered

Some of the leading companies operating in the current sensor market are Asahi Kasei Corporation (Japan), Infineon Technologies AG (Germany), Allegro MicroSystems, Inc. (US), LEM International SA (Switzerland), Melexis (Belgium), TDK Corporation (Japan), Aceinna (US), Honeywell International Inc. (US), TAMURA Corporation (Japan), Texas Instruments Incorporated (US), Silicon Laboratories (US), Ningbo Xici Electronic Technology Co., Ltd.  (China), KOHSHIN ELECTRIC CORPORATION (Japan), Yageo Group (Taiwan), VACUUMSCHMELZE GmbH & Co. KG (Germany), STMicroelectronics (Switzerland), OMRON Corporation (Japan), ICE Components, Inc. (US), Magnesensor Technology (US), American Aerospace Controls, Inc. (US), ELECTROHMS PRIVATE LIMITED  (India), DARE Electronics, Inc. (US), YUANXING ELECTRONICS CO., LTD. (China), Sensor Electronic Technology (SET)  (Hong Kong), and Tell-i Technologies, Inc. (US).

Current Sensor Market Highlights

This research report categorizes the current sensor market based on Current Sensing Methods, Loop Type, Technology, Output Type, End User, and Region.

Segment

Subsegment

By Current Sensing Methods

  • Direct Current Sensing
  • In-direct Current Sensing

By Loop Type

  • Open Loop
  • Closed Loop

By Technology

  • Isolated Current Sensors
  • Non-Isolated Current Sensors

By Output Type 

  • Analog
  • Digital

By End User

  • Automotive
  • Consumer Electronics
  • Telecom & Networking
  • Healthcare
  • Industrial
  • Energy & Power
  • Others (Aerospace & Defense, Railways, Building Automation)

By Region

  • North America
  • Europe
  • Asia Pacific
  • RoW

Recent developments

  • In May 2023, Infineon Technologies AG (Germany) acquired Swedish startup Imagimob (Sweden) to boost its TinyML edge AI capabilities on its microcontrollers and sensors. Imagimob’s platform enables a wide range of use cases in embedded designs, from audio event detection, voice control, predictive maintenance, gesture recognition, and signal classification to material detection.
  • In April 2023, TDK Corporation (Japan) announced its plans to double the production capacity at its TDK Asama Techno Factory (Japan) from the first half of 2025 to strengthen its TMR magnetic sensor production system in response to increasing demand.
  • In October 2022, Texas Instruments Incorporated (US) opened a new 300-mm wafer fabrication plant RFAB2 to support the future growth of semiconductors in electronics. The new fab is connected to RFAB1, which opened in 2009 as one of the world’s first 300-mm analog wafer fabs. At full production, the fabs will manufacture more than 100 million analog chips a day.

Critical questions answered by this report:

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 31)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 CURRENT SENSOR MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
    1.4 CURRENCY CONSIDERED 
    1.5 UNITS CONSIDERED 
    1.6 STAKEHOLDERS 
    1.7 SUMMARY OF CHANGES 
           1.7.1 IMPACT OF RECESSION
 
2 RESEARCH METHODOLOGY (Page No. - 37)
    2.1 RESEARCH DATA 
           FIGURE 2 CURRENT SENSOR MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Primary interviews with experts
                    2.1.2.2 Key data from primary sources
                    2.1.2.3 Key industry insights
                    2.1.2.4 Breakdown of primaries
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION 
           FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
           2.2.1 BOTTOM-UP APPROACH
                    FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM-UP (DEMAND SIDE) – DEMAND FOR CURRENT SENSORS
                    2.2.1.1 Approach to estimate market size by bottom-up analysis (demand side)
                               FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to estimate market size by top-down analysis (supply side)
                               FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
                               FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED THROUGH SALES OF CURRENT SENSORS
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 8 DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
    2.5 RISK ASSESSMENT 
    2.6 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT ON CURRENT SENSOR MARKET 
    2.7 LIMITATIONS 
 
3 EXECUTIVE SUMMARY (Page No. - 50)
    FIGURE 9 OPEN LOOP SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
    FIGURE 10 DIRECT CURRENT SENSING SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    FIGURE 11 ISOLATED SEGMENT TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
    FIGURE 12 ANALOG SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    FIGURE 13 CONSUMER ELECTRONICS SEGMENT TO EXHIBIT HIGHEST CAGR DURING FORECAST PERIOD
    FIGURE 14 ASIA PACIFIC ACCOUNTED FOR LARGEST SHARE OF CURRENT SENSOR MARKET IN 2022
 
4 PREMIUM INSIGHTS (Page No. - 55)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN CURRENT SENSOR MARKET 
           FIGURE 15 GROWING DEMAND FOR ELECTRIC AND HYBRID VEHICLES TO DRIVE MARKET
    4.2 CURRENT SENSOR MARKET, BY OUTPUT TYPE 
           FIGURE 16 DIGITAL SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.3 CURRENT SENSOR MARKET, BY LOOP TYPE 
           FIGURE 17 CLOSED LOOP SEGMENT TO HOLD LARGER MARKET SHARE BY 2028
    4.4 ASIA PACIFIC: CURRENT SENSOR MARKET, BY END USER AND COUNTRY 
           FIGURE 18 AUTOMOTIVE END-USER SEGMENT AND CHINA TO ACCOUNT FOR LARGEST SHARES OF CURRENT SENSOR MARKET IN ASIA PACIFIC IN 2023
    4.5 CURRENT SENSOR MARKET, BY END USER 
           FIGURE 19 AUTOMOTIVE SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.6 CURRENT SENSOR MARKET, BY COUNTRY 
           FIGURE 20 CHINA TO BE FASTEST-GROWING CURRENT SENSOR MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 58)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 21 CURRENT SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    5.2.1.1 Growing use of battery-powered systems and increasing focus on renewable energy
                    5.2.1.2 High adoption of Hall-effect current sensors
                    5.2.1.3 Increasing demand from consumer electronics industry
           5.2.2 RESTRAINTS
                    5.2.2.1 Intense pricing pressure resulting in decline in average selling price (ASP)
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Increase in number of networked devices
                    5.2.3.2 Increase in manufacturing of hybrid and electric cars
                    5.2.3.3 Miniaturization of current sensors
           5.2.4 CHALLENGES
                    5.2.4.1 Fluctuations in accuracy of current sensors over varying temperature ranges
                    5.2.4.2 Need for product differentiation and development of innovative solutions
    5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS 
           FIGURE 22 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR CURRENT SENSOR MANUFACTURERS
    5.4 PRICING ANALYSIS 
           5.4.1 AVERAGE SELLING PRICE TREND
           TABLE 1 PRICING AND SPECIFICATION OF CURRENT SENSORS, BY COMPANY
           TABLE 2 AVERAGE SELLING PRICE OF CURRENT SENSORS, BY TYPE
    5.5 VALUE CHAIN ANALYSIS 
           FIGURE 23 CURRENT SENSOR MARKET: VALUE CHAIN ANALYSIS
    5.6 ECOSYSTEM MAPPING 
           FIGURE 24 CURRENT SENSOR ECOSYSTEM
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 KEY TECHNOLOGIES
                    5.7.1.1 Microelectromechanical system (MEMS)-based current sensors
           5.7.2 COMPLEMENTARY TECHNOLOGIES
                    5.7.2.1 3D magnetic sensing technology
           5.7.3 ADJACENT TECHNOLOGIES
                    5.7.3.1 Microprocessor-based current sensors
                    5.7.3.2 Current relays
    5.8 PATENT ANALYSIS 
           FIGURE 25 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
           TABLE 3 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
           FIGURE 26 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2022
           5.8.1 LIST OF MAJOR PATENTS
                    TABLE 4 LIST OF MAJOR PATENTS IN CURRENT SENSOR MARKET
    5.9 TRADE AND TARIFF ANALYSIS 
           5.9.1 TRADE ANALYSIS
                    5.9.1.1 Trade data for HS code 8504
                               FIGURE 27 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, BY COUNTRY, 2018–2022 (USD THOUSAND)
                               FIGURE 28 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 8504, BY COUNTRY, 2018−2022 (USD THOUSAND)
           5.9.2 TARIFF ANALYSIS
                    TABLE 5 MFN TARIFFS FOR HS CODE 8504-COMPLIANT PRODUCTS EXPORTED BY CHINA
                    TABLE 6 MFN TARIFFS FOR HS CODE 8504-COMPLIANT PRODUCTS EXPORTED BY GERMANY
                    TABLE 7 MFN TARIFFS FOR HS CODE 8504-COMPLIANT PRODUCTS EXPORTED BY HONG KONG
    5.10 KEY CONFERENCES AND EVENTS, 2023–2024 
           TABLE 8 CURRENT SENSOR MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
    5.11 REGULATORY LANDSCAPE 
           5.11.1 STANDARDS
                    5.11.1.1 IEEE 1451 Smart Transducer Interface Standard for Sensors and Actuators
                    5.11.1.2 IEEE C37.118 Sensor Requirements of Smart Grids
                    5.11.1.3 International Electrotechnical Commission (IEC)
                    5.11.1.4 IEC 60364-4-43: Low-voltage electrical installations - Protection for safety - Protection against overcurrent
                    5.11.1.5 IEC 60269
                    5.11.1.6 ATmosphere EXplosible (ATEX)
                    5.11.1.7 Edison Testing Laboratories (ETL)
           5.11.2 REGULATIONS
    5.12 PORTER'S FIVE FORCES ANALYSIS 
           TABLE 9 IMPACT OF PORTER'S FIVE FORCES ON CURRENT SENSOR MARKET
           FIGURE 29 CURRENT SENSOR MARKET: PORTER'S FIVE FORCES ANALYSIS
           5.12.1 INTENSITY OF COMPETITIVE RIVALRY
           5.12.2 BARGAINING POWER OF SUPPLIERS
           5.12.3 BARGAINING POWER OF BUYERS
           5.12.4 THREAT OF SUBSTITUTES
           5.12.5 THREAT OF NEW ENTRANTS
    5.13 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.13.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
                    TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
           5.13.2 BUYING CRITERIA
                    FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE END USERS
                    TABLE 11 KEY BUYING CRITERIA, BY TOP THREE END USER
 
6 CURRENT SENSOR MARKET, BY CURRENT SENSING METHOD (Page No. - 85)
    6.1 INTRODUCTION 
           FIGURE 32 CURRENT SENSOR MARKET, BY CURRENT SENSING METHOD
           FIGURE 33 DIRECT CURRENT SENSING SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 12 CURRENT SENSOR MARKET, BY CURRENT SENSING METHOD, 2019–2022 (USD MILLION)
           TABLE 13 CURRENT SENSOR MARKET, BY CURRENT SENSING METHOD, 2023–2028 (USD MILLION)
    6.2 DIRECT CURRENT SENSING 
           6.2.1 HIGH EFFICIENCY IN LOW-POWER APPLICATIONS TO DRIVE DEMAND FOR DIRECT CURRENT SENSING
    6.3 INDIRECT CURRENT SENSING 
           6.3.1 HIGHER ACCURACY AND PRECISION THAN DIRECT METHODS TO FUEL DEMAND FOR INDIRECT CURRENT SENSING
 
7 CURRENT SENSOR MARKET, BY LOOP TYPE (Page No. - 89)
    7.1 INTRODUCTION 
           FIGURE 34 CURRENT SENSOR MARKET, BY LOOP TYPE
           FIGURE 35 OPEN LOOP SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 14 CURRENT SENSOR MARKET, BY LOOP TYPE, 2019–2022 (USD MILLION)
           TABLE 15 CURRENT SENSOR MARKET, BY LOOP TYPE, 2023–2028 (USD MILLION)
           TABLE 16 CURRENT SENSOR MARKET, BY LOOP TYPE, 2019–2022 (MILLION UNITS)
           TABLE 17 CURRENT SENSOR MARKET, BY LOOP TYPE, 2023–2028 (MILLION UNITS)
    7.2 OPEN LOOP 
           7.2.1 HIGH ADOPTION OF OPEN-LOOP CURRENT SENSORS IN CONSUMER ELECTRONICS INDUSTRY TO FUEL MARKET GROWTH
    7.3 CLOSED LOOP 
           7.3.1 GROWING USE OF CLOSED-LOOP CURRENT SENSORS IN INDUSTRIAL SECTOR TO BOOST MARKET GROWTH
 
8 CURRENT SENSOR MARKET, BY TECHNOLOGY (Page No. - 93)
    8.1 INTRODUCTION 
           FIGURE 36 CURRENT SENSOR MARKET, BY TECHNOLOGY
           FIGURE 37 ISOLATED SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 18 CURRENT SENSOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 19 CURRENT SENSOR MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
    8.2 ISOLATED 
           TABLE 20 ISOLATED CURRENT SENSOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 21 ISOLATED CURRENT SENSOR MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           8.2.1 MAGNETIC CURRENT SENSORS
                    TABLE 22 MAGNETIC CURRENT SENSOR MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 23 MAGNETIC CURRENT SENSOR MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    TABLE 24 HALL-EFFECT CURRENT SENSOR MARKET, BY TYPE, 2019–2022 (USD MILLION)
                    TABLE 25 HALL-EFFECT CURRENT SENSOR MARKET, BY TYPE, 2023–2028 (USD MILLION)
                    8.2.1.1 Hall-effect current sensors
                               8.2.1.1.1 Suitable for automobile applications
                                            TABLE 26 CHARACTERISTICS OF MAGNETORESISTIVE CURRENT SENSOR TECHNOLOGIES
                    8.2.1.2 Anisotropic magnetoresistive (AMR) current sensors
                               8.2.1.2.1 Ideal for controlling and protecting power supply
                    8.2.1.3 Giant magnetoresistive (GMR) current sensors
                               8.2.1.3.1 Used in automobile electrical equipment applications
                    8.2.1.4 Tunneling magnetoresistive (TMR) current sensors
                               8.2.1.4.1 Used to sense magnetic field strength to measure current, position, motion, and direction
                    8.2.1.5 Fluxgate current sensors
                               8.2.1.5.1 Extensively used in electronics applications
           8.2.2 OPTO-ISOLATED OP AMP
                    8.2.2.1 Operational amplifiers ideal choice for DC amplification
           8.2.3 SHUNT-ISOLATED OP AMP
                    8.2.3.1 Isolation amplifiers make for higher-performing, single-chip alternative to isolation techniques based on shunt regulators
    8.3 NON-ISOLATED 
           TABLE 27 NON-ISOLATED CURRENT SENSOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
           TABLE 28 NON-ISOLATED CURRENT SENSOR MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
           8.3.1 CURRENT-SENSING AMPLIFIERS
                    8.3.1.1 Make for ideal non-isolated current technology
           8.3.2 ANALOG-TO-DIGITAL CONVERTER
                    8.3.2.1 Emerging non-isolated technology for current measurement
 
9 CURRENT SENSOR MARKET, BY OUTPUT TYPE (Page No. - 104)
    9.1 INTRODUCTION 
           FIGURE 38 CURRENT SENSOR MARKET, BY OUTPUT TYPE
           FIGURE 39 DIGITAL SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
           TABLE 29 CURRENT SENSOR MARKET, BY OUTPUT TYPE, 2019–2022 (USD MILLION)
           TABLE 30 CURRENT SENSOR MARKET, BY OUTPUT TYPE, 2023–2028 (USD MILLION)
    9.2 ANALOG 
           9.2.1 INCREASING DEMAND FOR ANALOG AC-DC OUTPUT SENSORS TO ANALYZE VARIATIONS IN CURRENT MEASUREMENTS TO FUEL MARKET GROWTH
    9.3 DIGITAL 
           9.3.1 ADVANTAGES OVER ANALOG SENSORS AND SUITABILITY FOR REMOTE APPLICATIONS TO FUEL DEMAND FOR DIGITAL SENSORS
 
10 CURRENT SENSOR MARKET, BY END USER (Page No. - 108)
     10.1 INTRODUCTION 
             FIGURE 40 CURRENT SENSOR MARKET, BY END USER
             FIGURE 41 CONSUMER ELECTRONICS SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
             TABLE 31 CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 32 CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
     10.2 AUTOMOTIVE 
             10.2.1 ACCELERATING GLOBAL ADOPTION OF ELECTRIC VEHICLES TO BOOST DEMAND FOR CURRENT SENSORS
                        TABLE 33 AUTOMOTIVE: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 34 AUTOMOTIVE: CURRENT SENSOR MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 35 AUTOMOTIVE: CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 36 AUTOMOTIVE: CURRENT SENSOR MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 37 AUTOMOTIVE: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 38 AUTOMOTIVE: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 39 AUTOMOTIVE: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 40 AUTOMOTIVE: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 41 AUTOMOTIVE: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 42 AUTOMOTIVE: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 43 AUTOMOTIVE: CURRENT SENSOR MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 44 AUTOMOTIVE: CURRENT SENSOR MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
     10.3 CONSUMER ELECTRONICS 
             10.3.1 GROWING INTEGRATION OF CURRENT SENSORS INTO CONSUMER ELECTRONICS TO DRIVE MARKET GROWTH
                        TABLE 45 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 46 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 47 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 48 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 49 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 50 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 51 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 52 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 53 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 54 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 55 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 56 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
     10.4 TELECOM & NETWORKING 
             10.4.1 ADOPTION OF IP CAPABILITIES IN TELECOMMUNICATION DEVICES TO BOOST DEMAND FOR CURRENT SENSORS
                        TABLE 57 TELECOM & NETWORKING: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 58 TELECOM & NETWORKING: CURRENT SENSOR MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 59 TELECOM & NETWORKING: CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 60 TELECOM & NETWORKING: CURRENT SENSOR MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 61 TELECOM & NETWORKING: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 62 TELECOM & NETWORKING: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 63 TELECOM & NETWORKING: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 64 TELECOM & NETWORKING: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 65 TELECOM & NETWORKING: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 66 TELECOM & NETWORKING: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 67 TELECOM & NETWORKING: CURRENT SENSOR MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 68 TELECOM & NETWORKING: CURRENT SENSOR MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
     10.5 HEALTHCARE 
             10.5.1 GROWING USE OF CURRENT SENSORS TO MONITOR POWER CONSUMPTION IN MEDICAL DEVICES TO BOOST MARKET GROWTH
                        TABLE 69 HEALTHCARE: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 70 HEALTHCARE: CURRENT SENSOR MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 71 HEALTHCARE: CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 72 HEALTHCARE: CURRENT SENSOR MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 73 HEALTHCARE: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD THOUSAND)
                        TABLE 74 HEALTHCARE: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD THOUSAND)
                        TABLE 75 HEALTHCARE: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 76 HEALTHCARE: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 77 HEALTHCARE: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 78 HEALTHCARE: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 79 HEALTHCARE: CURRENT SENSOR MARKET IN ROW, BY REGION, 2019–2022 (USD THOUSAND)
                        TABLE 80 HEALTHCARE: CURRENT SENSOR MARKET IN ROW, BY REGION, 2023–2028 (USD THOUSAND)
     10.6 INDUSTRIAL 
             10.6.1 INDUSTRIAL AUTOMATION TO CREATE IMMENSE GROWTH OPPORTUNITIES FOR PLAYERS IN CURRENT SENSOR MARKET
                        TABLE 81 INDUSTRIAL: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 82 INDUSTRIAL: CURRENT SENSOR MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 83 INDUSTRIAL: CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 84 INDUSTRIAL: CURRENT SENSOR MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 85 INDUSTRIAL: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 86 INDUSTRIAL: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 87 INDUSTRIAL: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 88 INDUSTRIAL: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 89 INDUSTRIAL: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 90 INDUSTRIAL: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 91 INDUSTRIAL: CURRENT SENSOR MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 92 INDUSTRIAL: CURRENT SENSOR MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
     10.7 ENERGY & POWER 
             10.7.1 INCREASING SHIFT TOWARD RENEWABLE ENERGY TO CREATE OPPORTUNITIES FOR MARKET PLAYERS
                        TABLE 93 ENERGY & POWER: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
                        TABLE 94 ENERGY & POWER: CURRENT SENSOR MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
                        TABLE 95 ENERGY & POWER: CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 96 ENERGY & POWER: CURRENT SENSOR MARKET, BY REGION, 2023–2028 (USD MILLION)
                        TABLE 97 ENERGY & POWER: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 98 ENERGY & POWER: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 99 ENERGY & POWER: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 100 ENERGY & POWER: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 101 ENERGY & POWER: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
                        TABLE 102 ENERGY & POWER: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
                        TABLE 103 ENERGY & POWER: CURRENT SENSOR MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
                        TABLE 104 ENERGY & POWER: CURRENT SENSOR MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
     10.8 OTHERS 
             TABLE 105 OTHERS: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
             TABLE 106 OTHERS: CURRENT SENSOR MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
             TABLE 107 OTHERS: CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 108 OTHERS: CURRENT SENSOR MARKET, BY REGION, 2023–2028 (USD MILLION)
             TABLE 109 OTHERS: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 110 OTHERS: CURRENT SENSOR MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 111 OTHERS: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 112 OTHERS: CURRENT SENSOR MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 113 OTHERS: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 114 OTHERS: CURRENT SENSOR MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 115 OTHERS: CURRENT SENSOR MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
             TABLE 116 OTHERS: CURRENT SENSOR MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
 
11 CURRENT SENSOR MARKET, BY REGION (Page No. - 144)
     11.1 INTRODUCTION 
             FIGURE 42 CURRENT SENSOR MARKET, BY REGION
             FIGURE 43 ASIA PACIFIC TO DOMINATE CURRENT SENSOR MARKET DURING FORECAST PERIOD
             TABLE 117 CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 118 CURRENT SENSOR MARKET, BY REGION, 2023–2028 (USD MILLION)
     11.2 NORTH AMERICA 
             FIGURE 44 NORTH AMERICA: CURRENT SENSOR MARKET, BY COUNTRY
             FIGURE 45 NORTH AMERICA: CURRENT SENSOR MARKET SNAPSHOT
             TABLE 119 NORTH AMERICA: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 120 NORTH AMERICA: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 121 NORTH AMERICA: CURRENT SENSOR MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 122 NORTH AMERICA: CURRENT SENSOR MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 123 US: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 124 US: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 125 CANADA: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 126 CANADA: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 127 MEXICO: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 128 MEXICO: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             11.2.1 IMPACT OF RECESSION ON CURRENT SENSOR MARKET IN NORTH AMERICA
                        FIGURE 46 ANALYSIS OF CURRENT SENSOR MARKET IN NORTH AMERICA: PRE- AND POST-RECESSION SCENARIOS
             11.2.2 US
                        11.2.2.1 US to be largest market for current sensors in North America during forecast period
             11.2.3 CANADA
                        11.2.3.1 Increasing demand from automotive, industrial, and consumer electronics segments to boost market growth
             11.2.4 MEXICO
                        11.2.4.1 Increasing industrialization to drive market
     11.3 EUROPE 
             FIGURE 47 EUROPE: CURRENT SENSOR MARKET, BY COUNTRY
             FIGURE 48 EUROPE: CURRENT SENSOR MARKET SNAPSHOT
             TABLE 129 EUROPE: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 130 EUROPE: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 131 EUROPE: CURRENT SENSOR MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 132 EUROPE: CURRENT SENSOR MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 133 GERMANY: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 134 GERMANY: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 135 UK: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 136 UK: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 137 FRANCE: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 138 FRANCE: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 139 REST OF EUROPE: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 140 REST OF EUROPE: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             11.3.1 IMPACT OF RECESSION ON CURRENT SENSOR MARKET IN EUROPE
                        FIGURE 49 ANALYSIS OF CURRENT SENSOR MARKET IN EUROPE: PRE- AND POST-RECESSION SCENARIOS
             11.3.2 GERMANY
                        11.3.2.1 Germany to lead current sensor market in Europe during forecast period
             11.3.3 UK
                        11.3.3.1 Growing demand from automotive and healthcare industries to fuel market growth
             11.3.4 FRANCE
                        11.3.4.1 Increasing adoption of current sensors in automotive and aerospace industries to drive market
             11.3.5 REST OF EUROPE
     11.4 ASIA PACIFIC 
             FIGURE 50 ASIA PACIFIC: CURRENT SENSOR MARKET, BY COUNTRY
             FIGURE 51 ASIA PACIFIC: CURRENT SENSOR MARKET SNAPSHOT
             TABLE 141 ASIA PACIFIC: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 142 ASIA PACIFIC: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 143 ASIA PACIFIC: CURRENT SENSOR MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
             TABLE 144 ASIA PACIFIC: CURRENT SENSOR MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
             TABLE 145 CHINA: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 146 CHINA: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 147 JAPAN: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 148 JAPAN: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 149 INDIA: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 150 INDIA: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 151 SOUTH KOREA: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 152 SOUTH KOREA: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 153 REST OF ASIA PACIFIC: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 154 REST OF ASIA PACIFIC: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             11.4.1 IMPACT OF RECESSION ON CURRENT SENSOR MARKET IN ASIA PACIFIC
                        FIGURE 52 ANALYSIS OF CURRENT SENSOR MARKET IN ASIA PACIFIC: PRE- AND POST-RECESSION SCENARIOS
             11.4.2 CHINA
                        11.4.2.1 Increasing adoption of sensors in various industries to foster market growth
             11.4.3 JAPAN
                        11.4.3.1 Demand from electric and hybrid car manufacturers to boost market growth
             11.4.4 INDIA
                        11.4.4.1 Increasing manufacturing activities and government initiatives for industrial development to drive market
             11.4.5 SOUTH KOREA
                        11.4.5.1 Presence of consumer electronics and automobile manufacturing companies to favor market growth
             11.4.6 REST OF ASIA PACIFIC
     11.5 REST OF THE WORLD (ROW) 
             FIGURE 53 ROW: CURRENT SENSOR MARKET, BY REGION
             TABLE 155 ROW: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 156 ROW: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 157 ROW: CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
             TABLE 158 ROW: CURRENT SENSOR MARKET, BY REGION, 2023–2028 (USD MILLION)
             TABLE 159 MIDDLE EAST & AFRICA: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 160 MIDDLE EAST & AFRICA: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             TABLE 161 SOUTH AMERICA: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
             TABLE 162 SOUTH AMERICA: CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
             11.5.1 IMPACT OF RECESSION ON CURRENT SENSOR MARKET IN ROW
                        FIGURE 54 ANALYSIS OF CURRENT SENSOR MARKET IN ROW: PRE- AND POST-RECESSION SCENARIOS
             11.5.2 SOUTH AMERICA
                        11.5.2.1 Increasing applications of current sensors in automotive sector to drive market
             11.5.3 MIDDLE EAST & AFRICA
                        11.5.3.1 Increasing renewable energy production to boost demand for current sensors
 
12 COMPETITIVE LANDSCAPE (Page No. - 182)
     12.1 OVERVIEW 
             12.1.1 INTRODUCTION
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS 
             TABLE 163 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN CURRENT SENSOR MARKET
     12.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS 
             FIGURE 55 THREE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN CURRENT SENSOR MARKET, 2020–2022
     12.4 MARKET SHARE ANALYSIS 
             TABLE 164 CURRENT SENSOR MARKET: DEGREE OF COMPETITION
             TABLE 165 CURRENT SENSOR MARKET: RANKING ANALYSIS
             FIGURE 56 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
     12.5 EVALUATION MATRIX FOR MAJOR PLAYERS, 2022 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
                        FIGURE 57 CURRENT SENSOR MARKET: EVALUATION MATRIX FOR MAJOR COMPANIES, 2022
             12.5.5 COMPANY FOOTPRINT
                        TABLE 166 COMPANY TECHNOLOGY FOOTPRINT (20 COMPANIES)
                        TABLE 167 COMPANY END-USER FOOTPRINT (20 COMPANIES)
                        TABLE 168 COMPANY REGION FOOTPRINT (20 COMPANIES)
                        TABLE 169 COMPANY OVERALL FOOTPRINT
     12.6 EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
                        FIGURE 58 CURRENT SENSOR MARKET (GLOBAL): EVALUATION MATRIX FOR STARTUPS/SMES, 2022
                        TABLE 170 CURRENT SENSOR MARKET: DETAILED LIST OF KEY STARTUPS/SMES
                        TABLE 171 CURRENT SENSOR MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
     12.7 COMPETITIVE SCENARIOS AND TRENDS 
             12.7.1 PRODUCT LAUNCHES/DEVELOPMENTS
                        TABLE 172 CURRENT SENSOR MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2020–2021
             12.7.2 DEALS
                        TABLE 173 DEALS, 2021–2023
 
13 COMPANY PROFILES (Page No. - 200)
     13.1 INTRODUCTION 
     13.2 KEY PLAYERS 
(Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments)*  
             13.2.1 ASAHI KASEI CORPORATION
                        TABLE 174 ASAHI KASEI CORPORATION: COMPANY OVERVIEW
                        FIGURE 59 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT
             13.2.2 INFINEON TECHNOLOGIES AG
                        TABLE 175 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW
                        FIGURE 60 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
                        TABLE 176 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
                        TABLE 177 INFINEON TECHNOLOGIES AG: DEALS
             13.2.3 ALLEGRO MICROSYSTEMS, INC.
                        TABLE 178 ALLEGRO MICROSYSTEMS, INC.: COMPANY OVERVIEW
                        FIGURE 61 ALLEGRO MICROSYSTEMS, INC.: COMPANY SNAPSHOT
                        TABLE 179 ALLEGRO MICROSYSTEMS, INC.: PRODUCT LAUNCHES
                        TABLE 180 ALLEGRO MICROSYSTEMS, INC.: DEALS
             13.2.4 LEM INTERNATIONAL SA
                        TABLE 181 LEM INTERNATIONAL SA: COMPANY OVERVIEW
                        FIGURE 62 LEM INTERNATIONAL SA: COMPANY SNAPSHOT
             13.2.5 MELEXIS
                        TABLE 182 MELEXIS: COMPANY OVERVIEW
                        FIGURE 63 MELEXIS: COMPANY SNAPSHOT
                        TABLE 183 MELEXIS: PRODUCT LAUNCHES
             13.2.6 TDK CORPORATION
                        TABLE 184 TDK CORPORATION: COMPANY OVERVIEW
                        FIGURE 64 TDK CORPORATION: COMPANY SNAPSHOT
                        TABLE 185 TDK CORPORATION: PRODUCT LAUNCHES
                        TABLE 186 TDK CORPORATION: DEALS
             13.2.7 ACEINNA
                        TABLE 187 ACEINNA: COMPANY OVERVIEW
                        TABLE 188 ACEINNA: PRODUCT LAUNCHES
             13.2.8 HONEYWELL INTERNATIONAL INC.
                        TABLE 189 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 65 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
             13.2.9 TAMURA CORPORATION
                        TABLE 190 TAMURA CORPORATION: COMPANY OVERVIEW
                        FIGURE 66 TAMURA CORPORATION: COMPANY SNAPSHOT
             13.2.10 TEXAS INSTRUMENTS INCORPORATED
                        TABLE 191 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
                        FIGURE 67 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
                        TABLE 192 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES
                        TABLE 193 TEXAS INSTRUMENTS INCORPORATED: DEALS
*Business Overview, Products/Services/Solutions Offered, MnM View, Key Strengths and Right to Win, Strategic Choices Made, Weaknesses and Competitive Threats, Recent Developments might not be captured in case of unlisted companies.  
     13.3 OTHER KEY PLAYERS 
             13.3.1 SILICON LABORATORIES
             13.3.2 NINGBO XICI ELECTRONIC TECHNOLOGY CO., LTD.
             13.3.3 KOHSHIN ELECTRIC CORPORATION
             13.3.4 YAGEO GROUP
             13.3.5 VACUUMSCHMELZE GMBH & CO. KG
             13.3.6 STMICROELECTRONICS
             13.3.7 OMRON CORPORATION
             13.3.8 ICE COMPONENTS, INC.
             13.3.9 MAGNESENSOR TECHNOLOGY
             13.3.10 AMERICAN AEROSPACE CONTROLS
             13.3.11 ELECTROHMS PRIVATE LIMITED
             13.3.12 DARE ELECTRONICS, INC.
             13.3.13 YUANXING ELECTRONICS CO., LTD.
             13.3.14 SENSOR ELECTRONIC TECHNOLOGY (SET)
             13.3.15 TELL-I TECHNOLOGIES, INC.
 
14 APPENDIX (Page No. - 241)
     14.1 DISCUSSION GUIDE 
     14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.3 CUSTOMIZATION OPTIONS 
     14.4 RELATED REPORTS 
     14.5 AUTHOR DETAILS 
 

The study involved four major activities in estimating the current size of the current sensor market—exhaustive secondary research collected information on the market and its peer and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.

Secondary Research

Various secondary sources have been referred to in the secondary research process for identifying and collecting information important for this study. These secondary sources include current sensor technology journals and magazines, annual reports, press releases, investor presentations of companies, white papers, certified publications and articles from recognized authors, and directories and databases such as Factiva, Hoovers, and OneSource. 

Primary Research

Various primary sources from both supply and demand sides have been interviewed in the primary research process to obtain qualitative and quantitative information important for this report. The primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology and innovation directors, and related executives from key companies and organizations operating in the current sensor market. After complete market engineering (including calculations regarding market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information as well as to verify and validate the critical numbers arrived at.

Current Sensor Market Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation

In the complete market estimation process, both top-down and bottom-up approaches have been implemented, along with several data triangulation methods, to estimate and validate the size of the current sensor market and other dependent submarkets listed in this report.

  • Extensive secondary research has identified key players in the industry and market.
  • In terms of value, the industry’s supply chain and market size have been determined through primary and secondary research processes.  
  • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

Current Sensor Market: Bottom-Up Approach

Current Sensor Market Size, and Bottom-Up Approach

Market: Top-Down Approach

Current Sensor Market Size, and Top-Down Approach

Data Triangulation

After arriving at the overall market size from the estimation process explained above, the global market has been split into several segments and subsegments. Market breakdown and data triangulation procedures have been employed wherever applicable to complete the overall market engineering process and arrive at exact statistics for all segments and subsegments. The data has been triangulated by studying several factors and trends identified from both the demand and supply sides.

Market Definition

A current sensor is a component that detects and converts current to an easily measured output voltage, which is proportional to the current passed through the measured path. Current measurement is essential in many power and instrumentation systems, where the current sensor detects electric current in a wire and generates a signal proportional to it. The generated signal could be an analog voltage or current or even a digital output. This signal is used to display the measured current in an ammeter or is stored for further analysis in a data acquisition system (DAS). Traditionally, current sensing was done for circuit protection and control, but with advancements in technology, it has emerged as a method to monitor and enhance the performance of fans, pumps, motors, and many other electrical loads for proper operation in various end-user industries.

Key Stakeholders

  • Raw material suppliers
  • Component manufacturers and providers
  • Sensor manufacturers and providers
  • Original equipment manufacturers (OEMs)
  • ODM and OEM technology solution providers
  • Automobile manufacturers
  • Current sensor and device suppliers and distributors
  • Market research and consulting firms
  • Associations, organizations, forums, and alliances related to the current sensor industry
  • Technology investors
  • Governments and financial institutions
  • Venture capitalists, private equity firms, and start-ups
  • End users

Report Objectives

The following are the primary objectives of the study.

  • To define, describe, and forecast the current sensor market, by current sensing methods, loop type, technology, output type, end user, and region, in terms of value
  • To describe, segment, and forecast the current sensor market, by loop type, in terms of volume
  • To describe and forecast the market across four key regions, namely, North America, Europe, Asia Pacific, and Rest of the World (RoW), along with their respective country-level market size, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges pertaining to the current sensor market
  • To strategically analyze the micromarkets1 with respect to the individual growth trends, prospects, and their contribution to the current sensor market
  • To map competitive intelligence based on company profiles, key player strategies, and key developments
  • To provide a detailed overview of the current sensor value chain and ecosystem
  • To provide information about the key technology trends and patents related to the current sensor market
  • To provide information regarding trade data related to the current sensor market
  • To analyze opportunities for stakeholders by identifying high-growth segments of the current sensor ecosystem
  • To benchmark the market players using the proprietary company evaluation matrix framework, which analyzes them on various parameters within the broad categories of market ranking/share and product portfolio
  • To analyze competitive developments, such as contracts, acquisitions, product launches, collaborations, partnerships, and research & development (R&D), in the current sensor market
  • To analyze the impact of the recession on the growth of the current sensor market

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information:

  • Detailed analysis and profiling of additional market players (up to 5)
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
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Published ON
Oct, 2023
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