Current Sensor Market Size, Share and Growth Analysis

Current Sensor Market Size, Share, Statistics and Industry Growth Analysis Report 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

Updated on : October 22, 2024

Current Sensor Market Size & Growth

The global Current Sensor Market Size 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 industry.

Current Sensor Market

Current Sensor Market

Current Sensor Market Forecast to 2028

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Current Sensor Market Trends and Dymanics:

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 current sensor market growth. 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 sensor market. Magnetoinductive and magneto-optical sensors are being used for customized sensor applications.

Current Transducer Market Insights and Growth Prospects:

The current transducer market is witnessing robust growth driven by the increasing adoption of renewable energy systems, electric vehicles, and industrial automation. Current transducers, essential for accurately measuring and monitoring electrical currents, are finding expanding applications across diverse industries such as energy, automotive, and manufacturing. The rising demand for precise and efficient energy management solutions is further bolstering market growth. Technological advancements, such as the integration of IoT and AI, are enhancing the capabilities of current transducers, enabling real-time monitoring and predictive maintenance. With global trends focusing on energy efficiency and sustainable power solutions, the market is poised for substantial expansion in the coming years.

Current Sensor Market Map:

Current  Sensor Market by Map

Current Sensor Market Segmentation

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 sensor 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 automotive industry holds the largest current sensor 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.

Current Sensor Industry Regional Analysis

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

The current sensor industry 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 sensor 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 Statistics by Region

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Top Current Sensor Companies - 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),
  • American Aerospace Controls, Inc. (US) are some key players operating in the current sensor companies.

Current Sensor Market Report Scope

Report Metric

Details

Estimated Market Size in 2023

USD 2.8 Billion in 2023

Projected Market Size in 2028

USD 4.7 Billion by 2028

Growth Rate

CAGR of 10.4%

Market size available for years

2019—2028

Base year

2022

Forecast period

2023—2028

Forecast Units

USD Millions/USD Billions and Million Units

Segments Covered

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

Geographic regions covered

North America, Asia Pacific, Europe, and RoW

Companies covered

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 Current Sensor Industry

  • 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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INTRODUCTION
23
RESEARCH METHODOLOGY
29
EXECUTIVE SUMMARY
42
PREMIUM INSIGHTS
47
MARKET OVERVIEW
50
  • 5.1 INTRODUCTION
  • 5.2 MARKET DYNAMICS
    DRIVERS
    - Growing use of battery-powered systems and increasing focus on renewable energy
    - High adoption of Hall-effect current sensors
    - Increasing demand from consumer electronics industry
    RESTRAINTS
    - Intense pricing pressure resulting in decline in average selling price (ASP)
    OPPORTUNITIES
    - Increase in number of networked devices
    - Increase in manufacturing of hybrid and electric cars
    - Miniaturization of current sensors
    CHALLENGES
    - Fluctuations in accuracy of current sensors over varying temperature ranges
    - Need for product differentiation and development of innovative solutions
  • 5.3 TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
  • 5.4 PRICING ANALYSIS
    AVERAGE SELLING PRICE TREND
  • 5.5 VALUE CHAIN ANALYSIS
  • 5.6 ECOSYSTEM MAPPING
  • 5.7 TECHNOLOGY ANALYSIS
    KEY TECHNOLOGIES
    - Microelectromechanical system (MEMS)-based current sensors
    COMPLEMENTARY TECHNOLOGIES
    - 3D magnetic sensing technology
    ADJACENT TECHNOLOGIES
    - Microprocessor-based current sensors
    - Current relays
  • 5.8 PATENT ANALYSIS
    LIST OF MAJOR PATENTS
  • 5.9 TRADE AND TARIFF ANALYSIS
    TRADE ANALYSIS
    - Trade data for HS code 8504
    TARIFF ANALYSIS
  • 5.10 KEY CONFERENCES AND EVENTS, 2023–2024
  • 5.11 REGULATORY LANDSCAPE
    STANDARDS
    - IEEE 1451 Smart Transducer Interface Standard for Sensors and Actuators
    - IEEE C37.118 Sensor Requirements of Smart Grids
    - International Electrotechnical Commission (IEC)
    - IEC 60364-4-43: Low-voltage electrical installations - Protection for safety - Protection against overcurrent
    - IEC 60269
    - ATmosphere EXplosible (ATEX)
    - Edison Testing Laboratories (ETL)
    REGULATIONS
  • 5.12 PORTER'S FIVE FORCES ANALYSIS
    INTENSITY OF COMPETITIVE RIVALRY
    BARGAINING POWER OF SUPPLIERS
    BARGAINING POWER OF BUYERS
    THREAT OF SUBSTITUTES
    THREAT OF NEW ENTRANTS
  • 5.13 KEY STAKEHOLDERS AND BUYING CRITERIA
    KEY STAKEHOLDERS IN BUYING PROCESS
    BUYING CRITERIA
CURRENT SENSOR MARKET, BY CURRENT SENSING METHOD
77
  • 6.1 INTRODUCTION
  • 6.2 DIRECT CURRENT SENSING
    HIGH EFFICIENCY IN LOW-POWER APPLICATIONS TO DRIVE DEMAND FOR DIRECT CURRENT SENSING
  • 6.3 INDIRECT CURRENT SENSING
    HIGHER ACCURACY AND PRECISION THAN DIRECT METHODS TO FUEL DEMAND FOR INDIRECT CURRENT SENSING
CURRENT SENSOR MARKET, BY LOOP TYPE
81
  • 7.1 INTRODUCTION
  • 7.2 OPEN LOOP
    HIGH ADOPTION OF OPEN-LOOP CURRENT SENSORS IN CONSUMER ELECTRONICS INDUSTRY TO FUEL MARKET GROWTH
  • 7.3 CLOSED LOOP
    GROWING USE OF CLOSED-LOOP CURRENT SENSORS IN INDUSTRIAL SECTOR TO BOOST MARKET GROWTH
CURRENT SENSOR MARKET, BY TECHNOLOGY
85
  • 8.1 INTRODUCTION
  • 8.2 ISOLATED
    MAGNETIC CURRENT SENSORS
    - Hall-effect current sensors
    - Anisotropic magnetoresistive (AMR) current sensors
    - Giant magnetoresistive (GMR) current sensors
    - Tunneling magnetoresistive (TMR) current sensors
    - Fluxgate current sensors
    OPTO-ISOLATED OP AMP
    - Operational amplifiers ideal choice for DC amplification
    SHUNT-ISOLATED OP AMP
    - Isolation amplifiers make for higher-performing, single-chip alternative to isolation techniques based on shunt regulators
  • 8.3 NON-ISOLATED
    CURRENT-SENSING AMPLIFIERS
    - Make for ideal non-isolated current technology
    ANALOG-TO-DIGITAL CONVERTER
    - Emerging non-isolated technology for current measurement
CURRENT SENSOR MARKET, BY OUTPUT TYPE
96
  • 9.1 INTRODUCTION
  • 9.2 ANALOG
    INCREASING DEMAND FOR ANALOG AC-DC OUTPUT SENSORS TO ANALYZE VARIATIONS IN CURRENT MEASUREMENTS TO FUEL MARKET GROWTH
  • 9.3 DIGITAL
    ADVANTAGES OVER ANALOG SENSORS AND SUITABILITY FOR REMOTE APPLICATIONS TO FUEL DEMAND FOR DIGITAL SENSORS
CURRENT SENSOR MARKET, BY END USER
100
  • 10.1 INTRODUCTION
  • 10.2 AUTOMOTIVE
    ACCELERATING GLOBAL ADOPTION OF ELECTRIC VEHICLES TO BOOST DEMAND FOR CURRENT SENSORS
  • 10.3 CONSUMER ELECTRONICS
    GROWING INTEGRATION OF CURRENT SENSORS INTO CONSUMER ELECTRONICS TO DRIVE MARKET GROWTH
  • 10.4 TELECOM & NETWORKING
    ADOPTION OF IP CAPABILITIES IN TELECOMMUNICATION DEVICES TO BOOST DEMAND FOR CURRENT SENSORS
  • 10.5 HEALTHCARE
    GROWING USE OF CURRENT SENSORS TO MONITOR POWER CONSUMPTION IN MEDICAL DEVICES TO BOOST MARKET GROWTH
  • 10.6 INDUSTRIAL
    INDUSTRIAL AUTOMATION TO CREATE IMMENSE GROWTH OPPORTUNITIES FOR PLAYERS IN MARKET
  • 10.7 ENERGY & POWER
    INCREASING SHIFT TOWARD RENEWABLE ENERGY TO CREATE OPPORTUNITIES FOR MARKET PLAYERS
  • 10.8 OTHERS
CURRENT SENSOR MARKET, BY REGION
136
  • 11.1 INTRODUCTION
  • 11.2 NORTH AMERICA
    IMPACT OF RECESSION ON CURRENT SENSOR MARKET IN NORTH AMERICA
    US
    - US to be largest market for current sensors in North America during forecast period
    CANADA
    - Increasing demand from automotive, industrial, and consumer electronics segments to boost market growth
    MEXICO
    - Increasing industrialization to drive market
  • 11.3 EUROPE
    IMPACT OF RECESSION ON MARKET IN EUROPE
    GERMANY
    - Germany to lead market in Europe during forecast period
    UK
    - Growing demand from automotive and healthcare industries to fuel market growth
    FRANCE
    - Increasing adoption of current sensors in automotive and aerospace industries to drive market
    REST OF EUROPE
  • 11.4 ASIA PACIFIC
    IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC
    CHINA
    - Increasing adoption of sensors in various industries to foster market growth
    JAPAN
    - Demand from electric and hybrid car manufacturers to boost market growth
    INDIA
    - Increasing manufacturing activities and government initiatives for industrial development to drive market
    SOUTH KOREA
    - Presence of consumer electronics and automobile manufacturing companies to favor market growth
    REST OF ASIA PACIFIC
  • 11.5 REST OF THE WORLD (ROW)
    IMPACT OF RECESSION ON CURRENT SENSOR MARKET IN ROW
    SOUTH AMERICA
    - Increasing applications of current sensors in automotive sector to drive market
    MIDDLE EAST & AFRICA
    - Increasing renewable energy production to boost demand for current sensors
COMPETITIVE LANDSCAPE
174
  • 12.1 OVERVIEW
    INTRODUCTION
  • 12.2 STRATEGIES ADOPTED BY KEY PLAYERS
  • 12.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS
  • 12.4 MARKET SHARE ANALYSIS
  • 12.5 EVALUATION MATRIX FOR MAJOR PLAYERS, 2022
    STARS
    EMERGING LEADERS
    PERVASIVE PLAYERS
    PARTICIPANTS
    COMPANY FOOTPRINT
  • 12.6 EVALUATION MATRIX FOR STARTUPS/SMALL AND MEDIUM-SIZED ENTERPRISES (SMES), 2022
    PROGRESSIVE COMPANIES
    RESPONSIVE COMPANIES
    DYNAMIC COMPANIES
    STARTING BLOCKS
  • 12.7 COMPETITIVE SCENARIOS AND TRENDS
    PRODUCT LAUNCHES/DEVELOPMENTS
    DEALS
COMPANY PROFILES
192
  • 13.1 INTRODUCTION
  • 13.2 KEY PLAYERS
    ASAHI KASEI CORPORATION
    - Business overview
    - Products/Services/Solutions offered
    - MnM view
    INFINEON TECHNOLOGIES AG
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    ALLEGRO MICROSYSTEMS, INC.
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    LEM INTERNATIONAL SA
    - Business overview
    - Products/Services/Solutions offered
    - MnM view
    MELEXIS
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    - MnM view
    TDK CORPORATION
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    ACEINNA
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
    HONEYWELL INTERNATIONAL INC.
    - Business overview
    - Products/Services/Solutions offered
    TAMURA CORPORATION
    - Business overview
    - Products/Services/Solutions offered
    TEXAS INSTRUMENTS INCORPORATED
    - Business overview
    - Products/Services/Solutions offered
    - Recent developments
  • 13.3 OTHER KEY PLAYERS
    SILICON LABORATORIES
    NINGBO XICI ELECTRONIC TECHNOLOGY CO., LTD.
    KOHSHIN ELECTRIC CORPORATION
    YAGEO GROUP
    VACUUMSCHMELZE GMBH & CO. KG
    STMICROELECTRONICS
    OMRON CORPORATION
    ICE COMPONENTS, INC.
    MAGNESENSOR TECHNOLOGY
    AMERICAN AEROSPACE CONTROLS
    ELECTROHMS PRIVATE LIMITED
    DARE ELECTRONICS, INC.
    YUANXING ELECTRONICS CO., LTD.
    SENSOR ELECTRONIC TECHNOLOGY (SET)
    TELL-I TECHNOLOGIES, INC.
APPENDIX
233
  • 14.1 DISCUSSION GUIDE
  • 14.2 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
  • 14.3 CUSTOMIZATION OPTIONS
  • 14.4 RELATED REPORTS
  • 14.5 AUTHOR DETAILS
LIST OF TABLES
 
  • TABLE 1 PRICING AND SPECIFICATION OF CURRENT SENSORS, BY COMPANY
  • TABLE 2 AVERAGE SELLING PRICE OF CURRENT SENSORS, BY TYPE
  • TABLE 3 TOP 20 PATENT OWNERS IN US IN LAST 10 YEARS
  • TABLE 4 LIST OF MAJOR PATENTS IN MARKET
  • 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
  • TABLE 8 CURRENT SENSOR MARKET: DETAILED LIST OF CONFERENCES AND EVENTS
  • TABLE 9 IMPACT OF PORTER'S FIVE FORCES ON MARKET
  • TABLE 10 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
  • TABLE 11 KEY BUYING CRITERIA, BY TOP THREE END USER
  • TABLE 12 MARKET, BY CURRENT SENSING METHOD, 2019–2022 (USD MILLION)
  • TABLE 13 MARKET, BY CURRENT SENSING METHOD, 2023–2028 (USD MILLION)
  • TABLE 14 MARKET, BY LOOP TYPE, 2019–2022 (USD MILLION)
  • TABLE 15 MARKET, BY LOOP TYPE, 2023–2028 (USD MILLION)
  • TABLE 16 MARKET, BY LOOP TYPE, 2019–2022 (MILLION UNITS)
  • TABLE 17 MARKET, BY LOOP TYPE, 2023–2028 (MILLION UNITS)
  • TABLE 18 CURRENT SENSOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
  • TABLE 19 MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
  • TABLE 20 ISOLATED CURRENT SENSOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
  • TABLE 21 MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
  • TABLE 22 MAGNETIC CURRENT SENSOR MARKET, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 23 MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 24 HALL-EFFECT CURRENT SENSOR MARKET, BY TYPE, 2019–2022 (USD MILLION)
  • TABLE 25 MARKET, BY TYPE, 2023–2028 (USD MILLION)
  • TABLE 26 CHARACTERISTICS OF MAGNETORESISTIVE CURRENT SENSOR TECHNOLOGIES
  • TABLE 27 NON-ISOLATED CURRENT SENSOR MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)
  • TABLE 28 MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)
  • TABLE 29 MARKET, BY OUTPUT TYPE, 2019–2022 (USD MILLION)
  • TABLE 30 MARKET, BY OUTPUT TYPE, 2023–2028 (USD MILLION)
  • TABLE 31 MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 32 CURRENT SENSOR MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 33 AUTOMOTIVE: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 34 AUTOMOTIVE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 35 AUTOMOTIVE: MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 36 AUTOMOTIVE: MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 37 AUTOMOTIVE: MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 38 AUTOMOTIVE: 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: MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 41 AUTOMOTIVE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 42 AUTOMOTIVE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 43 AUTOMOTIVE: MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 44 AUTOMOTIVE: MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 45 CONSUMER ELECTRONICS: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 46 CONSUMER ELECTRONICS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 47 CONSUMER ELECTRONICS: CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 48 CONSUMER ELECTRONICS: MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 49 CONSUMER ELECTRONICS: MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 50 CONSUMER ELECTRONICS: MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 51 CONSUMER ELECTRONICS: MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 52 CONSUMER ELECTRONICS: MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 53 CONSUMER ELECTRONICS: 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: MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 56 CONSUMER ELECTRONICS: MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 57 TELECOM & NETWORKING: MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 58 TELECOM & NETWORKING: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 59 TELECOM & NETWORKING: MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 60 TELECOM & NETWORKING: MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 61 TELECOM & NETWORKING: 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: MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 64 TELECOM & NETWORKING: MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 65 TELECOM & NETWORKING: MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 66 TELECOM & NETWORKING: MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 67 TELECOM & NETWORKING: MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 68 TELECOM & NETWORKING: MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 69 HEALTHCARE: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 70 HEALTHCARE: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 71 HEALTHCARE: MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 72 HEALTHCARE: MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 73 HEALTHCARE: MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD THOUSAND)
  • TABLE 74 HEALTHCARE: MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD THOUSAND)
  • TABLE 75 HEALTHCARE: MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 76 HEALTHCARE: MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 77 HEALTHCARE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 78 HEALTHCARE: MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 79 HEALTHCARE: MARKET IN ROW, BY REGION, 2019–2022 (USD THOUSAND)
  • TABLE 80 HEALTHCARE: MARKET IN ROW, BY REGION, 2023–2028 (USD THOUSAND)
  • TABLE 81 INDUSTRIAL: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 82 INDUSTRIAL: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 83 INDUSTRIAL: MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 84 INDUSTRIAL: MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 85 INDUSTRIAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 86 INDUSTRIAL: MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 87 INDUSTRIAL: MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 88 INDUSTRIAL: MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 89 INDUSTRIAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 90 INDUSTRIAL: MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 91 INDUSTRIAL: MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 92 INDUSTRIAL: MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 93 ENERGY & POWER: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 94 ENERGY & POWER: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 95 ENERGY & POWER: MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 96 ENERGY & POWER: MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 97 ENERGY & POWER: MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 98 ENERGY & POWER: MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 99 ENERGY & POWER: 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: MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 102 ENERGY & POWER: MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 103 ENERGY & POWER: MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 104 ENERGY & POWER: MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 105 OTHERS: CURRENT SENSOR MARKET, BY APPLICATION, 2019–2022 (USD MILLION)
  • TABLE 106 OTHERS: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)
  • TABLE 107 OTHERS: MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 108 OTHERS: MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 109 OTHERS: MARKET IN NORTH AMERICA, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 110 OTHERS: MARKET IN NORTH AMERICA, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 111 OTHERS: MARKET IN EUROPE, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 112 OTHERS: MARKET IN EUROPE, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 113 OTHERS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 114 OTHERS: MARKET IN ASIA PACIFIC, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 115 OTHERS: MARKET IN ROW, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 116 OTHERS: MARKET IN ROW, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 117 CURRENT SENSOR MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 118 MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 119 NORTH AMERICA: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 120 NORTH AMERICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 121 NORTH AMERICA: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 122 NORTH AMERICA: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 123 US: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 124 US: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 125 CANADA: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 126 CANADA: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 127 MEXICO: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 128 MEXICO: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 129 EUROPE: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 130 EUROPE: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 131 EUROPE: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 132 EUROPE: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 133 GERMANY: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 134 GERMANY: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 135 UK: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 136 UK: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 137 FRANCE: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 138 FRANCE: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 139 REST OF EUROPE: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 140 REST OF EUROPE: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 141 ASIA PACIFIC: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 142 ASIA PACIFIC: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 143 ASIA PACIFIC: MARKET, BY COUNTRY, 2019–2022 (USD MILLION)
  • TABLE 144 ASIA PACIFIC: MARKET, BY COUNTRY, 2023–2028 (USD MILLION)
  • TABLE 145 CHINA: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 146 CHINA: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 147 JAPAN: CURRENT SENSOR MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 148 JAPAN: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 149 INDIA: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 150 INDIA: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 151 SOUTH KOREA: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 152 SOUTH KOREA: 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: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 155 ROW: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 156 ROW: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 157 ROW: MARKET, BY REGION, 2019–2022 (USD MILLION)
  • TABLE 158 ROW: MARKET, BY REGION, 2023–2028 (USD MILLION)
  • TABLE 159 MIDDLE EAST & AFRICA: 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: MARKET, BY END USER, 2019–2022 (USD MILLION)
  • TABLE 162 SOUTH AMERICA: MARKET, BY END USER, 2023–2028 (USD MILLION)
  • TABLE 163 OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS IN MARKET
  • TABLE 164 CURRENT SENSOR MARKET: DEGREE OF COMPETITION
  • TABLE 165 MARKET: RANKING ANALYSIS
  • 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
  • TABLE 170 MARKET: DETAILED LIST OF KEY STARTUPS/SMES
  • TABLE 171 MARKET: COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
  • TABLE 172 CURRENT SENSOR MARKET: PRODUCT LAUNCHES/DEVELOPMENTS, 2020–2021
  • TABLE 173 DEALS, 2021–2023
  • TABLE 174 ASAHI KASEI CORPORATION: COMPANY OVERVIEW
  • TABLE 175 INFINEON TECHNOLOGIES AG: COMPANY OVERVIEW
  • TABLE 176 INFINEON TECHNOLOGIES AG: PRODUCT LAUNCHES
  • TABLE 177 INFINEON TECHNOLOGIES AG: DEALS
  • TABLE 178 ALLEGRO MICROSYSTEMS, INC.: COMPANY OVERVIEW
  • TABLE 179 ALLEGRO MICROSYSTEMS, INC.: PRODUCT LAUNCHES
  • TABLE 180 ALLEGRO MICROSYSTEMS, INC.: DEALS
  • TABLE 181 LEM INTERNATIONAL SA: COMPANY OVERVIEW
  • TABLE 182 MELEXIS: COMPANY OVERVIEW
  • TABLE 183 MELEXIS: PRODUCT LAUNCHES
  • TABLE 184 TDK CORPORATION: COMPANY OVERVIEW
  • TABLE 185 TDK CORPORATION: PRODUCT LAUNCHES
  • TABLE 186 TDK CORPORATION: DEALS
  • TABLE 187 ACEINNA: COMPANY OVERVIEW
  • TABLE 188 ACEINNA: PRODUCT LAUNCHES
  • TABLE 189 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
  • TABLE 190 TAMURA CORPORATION: COMPANY OVERVIEW
  • TABLE 191 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
  • TABLE 192 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES
  • TABLE 193 TEXAS INSTRUMENTS INCORPORATED: DEALS
LIST OF FIGURES
 
  • FIGURE 1 CURRENT SENSOR MARKET SEGMENTATION
  • FIGURE 2 MARKET: RESEARCH DESIGN
  • FIGURE 3 RESEARCH FLOW OF MARKET SIZE ESTIMATION
  • FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 1—BOTTOM-UP (DEMAND SIDE) – DEMAND FOR CURRENT SENSORS
  • FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
  • 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
  • FIGURE 8 DATA TRIANGULATION
  • 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
  • FIGURE 15 GROWING DEMAND FOR ELECTRIC AND HYBRID VEHICLES TO DRIVE MARKET
  • FIGURE 16 DIGITAL SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 17 CLOSED LOOP SEGMENT TO HOLD LARGER MARKET SHARE BY 2028
  • FIGURE 18 AUTOMOTIVE END-USER SEGMENT AND CHINA TO ACCOUNT FOR LARGEST SHARES OF MARKET IN ASIA PACIFIC IN 2023
  • FIGURE 19 AUTOMOTIVE SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD
  • FIGURE 20 CHINA TO BE FASTEST-GROWING MARKET DURING FORECAST PERIOD
  • FIGURE 21 CURRENT SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
  • FIGURE 22 REVENUE SHIFTS AND NEW REVENUE POCKETS FOR CURRENT SENSOR MANUFACTURERS
  • FIGURE 23 MARKET: VALUE CHAIN ANALYSIS
  • FIGURE 24 CURRENT SENSOR ECOSYSTEM
  • FIGURE 25 TOP 10 COMPANIES WITH HIGHEST NUMBER OF PATENT APPLICATIONS IN LAST 10 YEARS
  • FIGURE 26 NUMBER OF PATENTS GRANTED PER YEAR FROM 2012 TO 2022
  • 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)
  • FIGURE 29 CURRENT SENSOR MARKET: PORTER'S FIVE FORCES ANALYSIS
  • FIGURE 30 INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP THREE END USERS
  • FIGURE 31 KEY BUYING CRITERIA FOR TOP THREE END USERS
  • FIGURE 32 MARKET, BY CURRENT SENSING METHOD
  • FIGURE 33 DIRECT CURRENT SENSING SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 34 MARKET, BY LOOP TYPE
  • FIGURE 35 OPEN LOOP SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 36 CURRENT SENSOR MARKET, BY TECHNOLOGY
  • FIGURE 37 ISOLATED SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 38 MARKET, BY OUTPUT TYPE
  • FIGURE 39 DIGITAL SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 40 MARKET, BY END USER
  • FIGURE 41 CONSUMER ELECTRONICS SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD
  • FIGURE 42 MARKET, BY REGION
  • FIGURE 43 ASIA PACIFIC TO DOMINATE CURRENT SENSOR MARKET DURING FORECAST PERIOD
  • FIGURE 44 NORTH AMERICA: MARKET, BY COUNTRY
  • FIGURE 45 NORTH AMERICA: MARKET SNAPSHOT
  • FIGURE 46 ANALYSIS OF MARKET IN NORTH AMERICA: PRE- AND POST-RECESSION SCENARIOS
  • FIGURE 47 EUROPE: MARKET, BY COUNTRY
  • FIGURE 48 EUROPE: MARKET SNAPSHOT
  • FIGURE 49 ANALYSIS OF CURRENT SENSOR MARKET IN EUROPE: PRE- AND POST-RECESSION SCENARIOS
  • FIGURE 50 ASIA PACIFIC: MARKET, BY COUNTRY
  • FIGURE 51 ASIA PACIFIC: MARKET SNAPSHOT
  • FIGURE 52 ANALYSIS OF MARKET IN ASIA PACIFIC: PRE- AND POST-RECESSION SCENARIOS
  • FIGURE 53 ROW: MARKET, BY REGION
  • FIGURE 54 ANALYSIS OF MARKET IN ROW: PRE- AND POST-RECESSION SCENARIOS
  • FIGURE 55 THREE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN MARKET, 2020–2022
  • FIGURE 56 MARKET SHARE ANALYSIS OF KEY PLAYERS, 2022
  • FIGURE 57 MARKET: EVALUATION MATRIX FOR MAJOR COMPANIES, 2022
  • FIGURE 58 CURRENT SENSOR MARKET (GLOBAL): EVALUATION MATRIX FOR STARTUPS/SMES, 2022
  • FIGURE 59 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT
  • FIGURE 60 INFINEON TECHNOLOGIES AG: COMPANY SNAPSHOT
  • FIGURE 61 ALLEGRO MICROSYSTEMS, INC.: COMPANY SNAPSHOT
  • FIGURE 62 LEM INTERNATIONAL SA: COMPANY SNAPSHOT
  • FIGURE 63 MELEXIS: COMPANY SNAPSHOT
  • FIGURE 64 TDK CORPORATION: COMPANY SNAPSHOT
  • FIGURE 65 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
  • FIGURE 66 TAMURA CORPORATION: COMPANY SNAPSHOT
  • FIGURE 67 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT

 

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

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Report Code
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