[255 Pages Report] The global current sensor market is expected to grow from USD 2.3 billion in 2021 to USD 3.8 billion by 2026; it is expected to grow at a CAGR of 10.8% during the forecast period 2021 to 2026.
Key factors fueling this market's growth include growing use of battery-powered systems and increasing focus on renewable energy, high adoption of Hall-effect current sensors, and increasing demand in consumer electronics industry. Deployment of IoT and IIoT with current sensors and increasing manufacturing of hybrid and electric cars create a strong demand for current sensor for efficient industrial operations in the midst of COVID-19.
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The current sensor industry has witnessed unprecedented growth during the past decade on account of rising investments in consumer electronics, increased manufacturing of electric and hybrid vehicles, and the growth of the building automation sector. However, COVID-19 has dealt a severe blow to the industry, leading to the simultaneous collapse of both supply and demand. The market is expected to regain its growth momentum once industries start recovering from the effects of this pandemic.
The COVID-19 pandemic is restricting the supply of current sensors and solutions due to severe disruptions in the global supply chain. Thus, the anticipated growth of the market across several end user segments is expected to decline. Social distancing being the foremost way of curbing the spread of the disease, many end users are being forced to either temporarily shut down, lay off employees, or pivot to operating remotely.
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The market for battery-powered systems is growing at a rapid pace due to the expanding portable electronic equipment, automotive, and uninterruptible power supplies (UPS) markets. The increasing investments in renewable resources and rapid adoption of electric cars are driving the growth of the battery-powered system market. Battery-powered systems find applications in both solar and wind energy systems. Thus, the increase in the number of renewable energy projects worldwide is consequently expected to drive the growth of the current sensors market during the forecast period.
Although the increasing applications of current sensors in automated vehicles, telecommunication equipment, consumer electronics, and healthcare devices have increased their shipments, the sales growth has been significantly hampered due to price erosion. This is partially a result of the intense competition among the rising number of sensor manufacturers. While the reduction in ASP is beneficial for consumers, it results in shrinking profit margins for suppliers. Thus, intense pricing pressure results in a fall in average selling price (ASP), which hampers revenue growth in the highly competitive current sensor market.
Hybrid and electric vehicles are gaining traction as they are more digitally connected than conventional vehicles. Also, they reduce the consumption of fossil fuels, such as petrol and diesel, reduce global warming and ecological damage, and offer superior fuel efficiency. Additionally, due to COVID-19, the automotive industry has been witnessing a slowdown in demand for hybrid, electric, and autonomous vehicles. However, their demand is likely to be higher than that of any other vehicle type in the post-COVID-19 period.
Current sensors require proper and timely maintenance and replacement to avoid problems related to accuracy, drift, and sensitivity. Currently, in the 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.
The isolated current sensor is expected to account for the larger share of the market by 2026. The growth of the segment can be attributed to the increasing demand for magnetic current sensors worldwide due to their usability in a wide range of applications. Moreover, the isolation of current sensing circuitry is needed for technical and regulatory reasons in many applications, such as line-operated industrial and commercial motors, electric/hybrid electric vehicles (EVs/HEVs), solar arrays, home energy metering, and many other less-visible applications, where high voltages and currents are common.
Due to the high adoption of current sensors in EVs and HEVs, automotive end user is expected to continue to account for the largest size of the current sensor market. Advancements in EVs/HEVs require progress on the electrification of powertrains, which will boost the demand for current sensors.
The current sensor market in APAC is expected to grow at the highest CAGR during the forecast period attributed to the increased use of these sensors in the automotive, building automation, energy, and manufacturing industries. APAC is one of the important regions for the automotive industry due to increased passenger car manufacturing and sales in various countries such as China, Japan, and South Korea. The growing adoption of isolated current sensors for electric and hybrid vehicles in the automotive industry is driving the growth of the market for current sensors in APAC.
Asahi Kasei Microdevices (AKM) (Japan), ACEINNA (US), Melexis (Belgium), Allegro MicroSystems (US), TDK Corporation (Japan), LEM International (Switzerland), Infineon Technologies (Germany), Tamura Corp. (Japan), Texas Instruments (US), and Honeywell (US) are a few major companies in the current sensor market. Organic growth strategies, such as product launches and developments, is a focus of many of the companies mentioned above.
Prominent players have adopted product launches and developments, followed by acquisitions, partnerships, and expansions as the key business strategy to expand their share in the current sensor market. For instance, in April 2021, TDK Corporation (Japan) introduced its Micronas Hall-effect sensor portfolio with the CUR 4000 sensor. The sensor, developed for highly accurate current measurements in automotive and industrial applications, offers nonintrusive, galvanic isolated contactless current sensing.
Report Metric |
Details |
Market size available for years |
2018–2026 |
Base year |
2020 |
Forecast period |
2021–2026 |
Forecast Unit |
Value (USD Million) |
Segments covered |
Loop Type, Technology, Output Type, End-user, and Region |
Geographic regions covered |
North America, APAC, Europe, and RoW |
Companies covered |
Asahi Kasei Microdevices (AKM) (Japan), ACEINNA (US), Melexis (Belgium), Allegro MicroSystems (US), TDK Corporation (Japan), LEM International (Switzerland), Infineon Technologies (Germany), Tamura Corp. (Japan), Texas Instruments (US), and Honeywell (US). |
This report categorizes the Current sensor market based on loop type, technology, output type, end-user, and region.
Which are the major applications of current sensor? How huge is the opportunity for their growth in the next five years?
The major end users of current sensor include automotive, consumer electronics, telecom & networking, healthcare, industrial, energy, and others (railways, aerospace & defense, and building automation). These are expected to open new revenue pockets for the current sensor market, which will lead to market opportunity of USD 500 million.
Which are the major companies in the current sensor market? What are their major strategies to strengthen their market presence?
ACEINNA (US), Melexis (Belgium), Allegro MicroSystems (US), and TDK Corporation (Japan) are dominant players in the global current sensor market. Product launches is one of the key strategies adopted by these players. Apart from product launches and developments, these players extend their focus on partnerships, expansions, and acquisitions.
Which region is expected to witness significant demand for current sensor market in the coming years?
APAC is the highest growing region for this market. Most of the industrial manufacturing players present across the world have their headquarters in the APAC region. Similarly, end-user industries, such as automotive, healthcare, and consumer electronics, are expected to create enormous opportunities for current sensor providers.
What are the drivers and opportunities for the current sensor market?
growing use of battery-powered systems and increasing focus on renewable energy, high adoption of Hall-effect current sensors, and increasing demand in consumer electronics industry are key driving factors for the current sensor market growth. Opportunities for the manufacturers in the current sensor market include growth in adoption of current sensor in consumer electronics and deployment of IoT and IIoT with current sensors. .
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TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 31)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION AND SCOPE
1.2.1 INCLUSIONS AND EXCLUSIONS
1.3 STUDY SCOPE
FIGURE 1 CURRENT SENSOR MARKET SEGMENTATION
1.3.1 GEOGRAPHIC SCOPE
1.3.2 YEARS CONSIDERED
1.4 CURRENCY
1.5 VOLUME UNIT CONSIDERED
1.6 LIMITATIONS
1.7 STAKEHOLDERS
1.8 SUMMARY OF CHANGES
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 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 Estimating market size by bottom-up approach (demand side)
FIGURE 5 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH
2.2.2 TOP-DOWN APPROACH
2.2.2.1 Estimating market size by top-down approach (supply side)
FIGURE 6 MARKET SIZE ESTIMATION METHODOLOGY: TOP-DOWN APPROACH
FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—REVENUE GENERATED FROM CURRENT SENSORS
FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: APPROACH 2 (SUPPLY SIDE)—ILLUSTRATION OF REVENUE ESTIMATION FOR ONE OF COMPANIES IN CURRENT SENSOR MARKET
2.2.3 MARKET PROJECTIONS
2.3 MARKET BREAKDOWN AND DATA TRIANGULATION
FIGURE 9 DATA TRIANGULATION
2.4 RESEARCH ASSUMPTIONS
FIGURE 10 ASSUMPTION FOR STUDY
2.5 RISK ASSESSMENT
TABLE 1 LIMITATIONS AND ASSOCIATED RISKS
3 EXECUTIVE SUMMARY (Page No. - 52)
FIGURE 11 SCENARIOS IN TERMS OF RECOVERY OF GLOBAL ECONOMY
3.1 REALISTIC SCENARIO
3.2 OPTIMISTIC SCENARIO
3.3 PESSIMISTIC SCENARIO
FIGURE 12 MARKET: GROWTH PROJECTION BY ADOPTING REALISTIC, OPTIMISTIC, AND PESSIMISTIC SCENARIOS
FIGURE 13 ISOLATED CURRENT SENSOR SEGMENT, BY TECHNOLOGY, TO HOLD LARGER MARKET SHARE DURING FORECAST PERIOD
FIGURE 14 MARKET, BY LOOP TYPE, 2021 VS. 2026
FIGURE 15 MARKET FOR CONSUMER ELECTRONICS SEGMENT TO REGISTER HIGHEST CAGR FROM 2021 TO 2026
FIGURE 16 APAC TO EXHIBIT HIGHEST GROWTH RATE DURING FORECAST PERIOD
4 PREMIUM INSIGHTS (Page No. - 58)
4.1 ATTRACTIVE OPPORTUNITIES IN CURRENT SENSOR MARKET
FIGURE 17 GROWING DEMAND FOR ELECTRIC AND HYBRID VEHICLES TO BOOST GROWTH OF MARKET
4.2 MARKET, BY OUTPUT TYPE
FIGURE 18 DIGITAL SEGMENT TO REGISTER HIGHER CAGR FROM 2021 TO 2026
4.3 MARKET, BY LOOP TYPE
FIGURE 19 CLOSED LOOP SEGMENT TO HOLD LARGER SHARE OF MARKET BY 2026
4.4 MARKET IN APAC, BY END USER AND COUNTRY
FIGURE 20 AUTOMOTIVE END USER SEGMENT AND CHINA HELD LARGEST MARKET SHARES OF ASIA PACIFIC MARKET IN 2020
4.5 CURRENT SENSOR MARKET, BY REGION
FIGURE 21 CHINA CURRENT SENSOR MARKET TO EXHIBIT HIGHEST CAGR FROM 2021 TO 2026
5 MARKET OVERVIEW (Page No. - 61)
5.1 INTRODUCTION
5.2 MARKET DYNAMICS
FIGURE 22 IMPACT OF DRIVERS AND OPPORTUNITIES ON MARKET
FIGURE 23 IMPACT OF CHALLENGES AND RESTRAINTS ON MARKET
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 in consumer electronics industry
5.2.2 RESTRAINTS
5.2.2.1 Intense pricing pressure resulting in decline in average selling prices (ASPs)
5.2.3 OPPORTUNITIES
5.2.3.1 Deployment of IoT and IIoT with current sensors
5.2.3.2 Increasing manufacturing of hybrid and electric cars
5.2.4 CHALLENGES
5.2.4.1 Accuracy over different temperature ranges
5.2.4.2 Need for product differentiation and development of innovative solutions
5.2.4.3 Disruption in supply chain of semiconductor devices due to COVID-19
5.3 VALUE CHAIN ANALYSIS
FIGURE 24 VALUE CHAIN ANALYSIS: MOST VALUE IS ADDED BY SENSOR AND SENSOR MODULE MANUFACTURERS
5.4 PORTER’S FIVE FORCES ANALYSIS
TABLE 2 IMPACT OF EACH FORCE ON MARKET
5.5 AVERAGE SELLING PRICE ANALYSIS
TABLE 3 FEW CURRENT SENSOR SOLUTIONS AND THEIR COST
TABLE 4 AVERAGE SELLING PRICE OF CURRENT SENSORS, BY TYPE
5.6 TRADE ANALYSIS
5.6.1 IMPORT SCENARIO OF ELECTRICAL TRANSFORMERS, STATIC CONVERTERS, E.G., RECTIFIERS, AND INDUCTORS, PARTS THEREOF
TABLE 5 IMPORT DATA OF ELECTRICAL TRANSFORMERS, STATIC CONVERTERS, E.G., RECTIFIERS, AND INDUCTORS, PARTS THEREOF, BY COUNTRY, 2016–2020 (USD MILLION)
5.6.2 EXPORT SCENARIO OF ELECTRICAL TRANSFORMERS, STATIC CONVERTERS, E.G., RECTIFIERS, AND INDUCTORS, PARTS THEREOF
TABLE 6 EXPORT DATA OF ELECTRICAL TRANSFORMERS, STATIC CONVERTERS, E.G. RECTIFIERS, AND INDUCTORS, PARTS THEREOF, BY COUNTRY, 2016–2020 (USD MILLION)
5.7 REVENUE SHIFT & NEW REVENUE POCKETS FOR MARKET
FIGURE 25 REVENUE SHIFT IN MARKET
5.8 CURRENT SENSOR ECOSYSTEM
FIGURE 26 CURRENT SENSOR ECOSYSTEM
5.9 CASE STUDY ANALYSIS
5.9.1 TMR CURRENT SENSORS OFFERED BY TDK CORPORATION FOR BATTERY MONITORING
5.9.2 MAGNETIC CURRENT SENSORS OFFERED BY CROCUS TECHNOLOGY FOR APPLICATIONS IN CONSUMER ELECTRONICS INDUSTRY
5.10 PATENT ANALYSIS
5.10.1 PATENT REGISTRATIONS, 2018–2020
TABLE 7 SOME PATENT REGISTRATIONS, 2018–2020
5.10.2 CURRENT SENSOR: PATENT ANALYSIS
5.10.2.1 Methodology
5.10.2.2 Document Type
TABLE 8 PATENTS FILED
FIGURE 27 PATENTS FILED BETWEEN 2018 AND 2020
FIGURE 28 GRANTED PATENT TRENDS, 2016–2020
5.10.2.3 Insight
5.10.2.4 Allegro MicroSystems LLC
TABLE 9 LIST OF PATENTS BY ALLEGRO MICROSYSTEMS LLC
5.11 TECHNOLOGY TRENDS
5.11.1 KEY TECHNOLOGIES
5.11.1.1 MEMS current sensor
5.11.2 ADJACENT TECHNOLOGIES
5.11.2.1 Microprocessor-based current sensor
5.11.2.2 Current relay
5.12 TARIFFS AND REGULATIONS
5.12.1 TARIFFS
TABLE 10 MFN TARIFFS FOR ELECTRICAL TRANSFORMERS, STATIC CONVERTERS, E.G., RECTIFIERS, AND INDUCTORS, PARTS THEREOF EXPORTED BY CHINA
TABLE 11 MFN TARIFFS FOR ELECTRICAL TRANSFORMERS, STATIC CONVERTERS, E.G., RECTIFIERS, AND INDUCTORS, PARTS THEREOF IMPORTS BY US
5.12.2 NEGATIVE IMPACT OF TARIFFS ON MARKET
5.12.3 POSITIVE IMPACT OF TARIFFS ON MARKET
5.13 GOVERNMENT REGULATIONS AND STANDARDS
5.13.1 GOVERNMENT REGULATIONS
5.13.2 STANDARDS
5.13.2.1 International Electrotechnical Commission (IEC)
5.13.2.2 IEC 60364-4-43: Low-voltage electrical installations - Protection for safety - Protection against overcurrent
5.13.2.3 IEC 60269
6 VARIOUS CURRENT SENSING METHODS (Page No. - 83)
6.1 INTRODUCTION
6.2 DIRECT CURRENT SENSING
6.3 INDIRECT CURRENT SENSING
7 CURRENT SENSOR MARKET, BY LOOP TYPE (Page No. - 84)
7.1 INTRODUCTION
FIGURE 29 OPEN LOOP SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
TABLE 12 MARKET, BY LOOP TYPE, 2018–2020 (USD MILLION)
TABLE 13 MARKET, BY LOOP TYPE, 2021–2026 (USD MILLION)
TABLE 14 MARKET, BY LOOP TYPE, 2018–2020 (MILLION UNITS)
TABLE 15 MARKET, BY LOOP TYPE, 2021–2026 (MILLION UNITS)
7.2 OPEN LOOP
7.2.1 HIGH ADOPTION OF OPEN-LOOP CURRENT SENSORS IN CONSUMER ELECTRONICS INDUSTRY TO FUEL GROWTH OF SEGMENT
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. - 88)
8.1 INTRODUCTION
FIGURE 30 ISOLATED TECHNOLOGY SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE BY 2026
TABLE 16 MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION)
TABLE 17 MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
8.2 ISOLATED CURRENT SENSOR
TABLE 18 ISOLATED MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION)
TABLE 19 ISOLATED CURRENT SENSOR MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
8.2.1 MAGNETIC CURRENT SENSOR
8.2.1.1 Magnetic sensors are ideal for power conversion applications in consumer electronics industry
FIGURE 31 HALL-EFFECT SENSOR SEGMENT TO ACCOUNT FOR LARGEST MARKET SIZE BY 2026
TABLE 20 MAGNETIC MARKET, BY TYPE, 2018–2020 (USD MILLION)
TABLE 21 MAGNETIC MARKET, BY TYPE, 2021–2026 (USD MILLION)
8.2.1.2 Hall-effect current sensor
8.2.1.2.1 Hall-effect current sensors are suitable for automobile applications
TABLE 22 CHARACTERISTICS OF MAGNETORESISTIVE CURRENT SENSOR TECHNOLOGIES
8.2.1.3 Anisotropic magnetoresistive (AMR) current sensor
8.2.1.3.1 AMR sensors are ideal for monitoring power absorbed by load and controlling and protecting power supply
8.2.1.4 Giant magnetoresistive (GMR) current sensor
8.2.1.4.1 GMR sensors are used in automobile electrical equipment applications
8.2.1.5 Tunneling magnetoresistive (TMR) current sensor
8.2.1.5.1 Technological advancements in automotive, industrial, and consumer electronics segments are increasing demand for TMR current sensors
8.2.1.6 Fluxgate current sensor
8.2.1.6.1 High measurement accuracy of fluxgate sensors makes them ideal choice
8.2.2 OPTO-ISOLATED OP AMP
8.2.2.1 Operational amplifier is ideal choice for DC amplification
8.2.3 SHUNT-ISOLATED OP AMP
8.2.3.1 Photoionization technology is widely used in gas chromatography
8.3 NON-ISOLATED CURRENT SENSOR
FIGURE 32 CURRENT-SENSING AMPLIFIERS TO ACCOUNT FOR LARGER MARKET SIZE BY 2026
TABLE 23 NON-ISOLATED MARKET, BY TECHNOLOGY, 2018–2020 (USD MILLION)
TABLE 24 NON- ISOLATED MARKET, BY TECHNOLOGY, 2021–2026 (USD MILLION)
8.3.1 CURRENT-SENSING AMPLIFIER
8.3.1.1 Current-sensing amplifier is ideal non-isolated current technology
8.3.2 ANALOG-TO-DIGITAL CONVERTER
8.3.2.1 ADC is emerging non-isolated technology for current measurement
9 CURRENT SENSOR MARKET, BY OUTPUT TYPE (Page No. - 99)
9.1 INTRODUCTION
FIGURE 33 DIGITAL CURRENT SENSOR SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
TABLE 25 MARKET, BY OUTPUT TYPE, 2018–2020 (USD MILLION)
TABLE 26 MARKET, BY OUTPUT TYPE, 2021–2026 (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 DIGITAL OUTPUT SEGMENT TO GROW AT HIGHER RATE DURING FORECAST PERIOD
10 CURRENT SENSOR MARKET, BY END USER (Page No. - 102)
10.1 INTRODUCTION
FIGURE 34 AUTOMOTIVE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE BY 2026
TABLE 27 MARKET, BY END USER, 2018–2020 (USD MILLION)
TABLE 28 MARKET, BY END USER, 2021–2026 (USD MILLION)
10.2 AUTOMOTIVE
10.2.1 ACCELERATING GLOBAL ADOPTION OF ELECTRIC VEHICLES TO PROPEL GROWTH OF MARKET
TABLE 29 MARKET FOR AUTOMOTIVE SEGMENT, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 30 MARKET FOR AUTOMOTIVE SEGMENT, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 31 MARKET FOR AUTOMOTIVE SEGMENT, BY REGION, 2018–2020 (USD MILLION)
TABLE 32 MARKET FOR AUTOMOTIVE SEGMENT, BY REGION, 2021–2026 (USD MILLION)
TABLE 33 MARKET FOR AUTOMOTIVE SEGMENT IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 34 MARKET FOR AUTOMOTIVE SEGMENT IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 35 MARKET FOR AUTOMOTIVE SEGMENT IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 36 MARKET FOR AUTOMOTIVE SEGMENT IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 37 MARKET FOR AUTOMOTIVE SEGMENT IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 38 MARKET FOR AUTOMOTIVE SEGMENT IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 39 CURRENT SENSOR MARKET FOR AUTOMOTIVE SEGMENT IN ROW, BY REGION, 2018–2020 (USD MILLION)
TABLE 40 MARKET FOR AUTOMOTIVE SEGMENT IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.3 CONSUMER ELECTRONICS
10.3.1 GROWING INTEGRATION OF CURRENT SENSORS INTO CONSUMER ELECTRONICS TO DRIVE GROWTH OF MARKET
FIGURE 35 APAC TO LEAD CURRENT SENSORS MARKET FOR CONSUMER ELECTRONICS SEGMENT DURING FORECAST PERIOD
TABLE 41 MARKET FOR CONSUMER ELECTRONICS SEGMENT, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 42 MARKET FOR CONSUMER ELECTRONICS SEGMENT, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 43 MARKET FOR CONSUMER ELECTRONICS SEGMENT, BY REGION, 2018–2020 (USD MILLION)
TABLE 44 MARKET FOR CONSUMER ELECTRONICS SEGMENT, BY REGION, 2021–2026 (USD MILLION)
TABLE 45 MARKET FOR CONSUMER ELECTRONICS SEGMENT IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 46 MARKET FOR CONSUMER ELECTRONICS SEGMENT IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 47 MARKET FOR CONSUMER ELECTRONICS SEGMENT IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 48 MARKET FOR CONSUMER ELECTRONICS SEGMENT IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 49 MARKET FOR CONSUMER ELECTRONICS SEGMENT IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 50 MARKET FOR CONSUMER ELECTRONICS SEGMENT IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 51 MARKET FOR CONSUMER ELECTRONICS SEGMENT IN ROW, BY REGION, 2018–2020 (USD MILLION)
TABLE 52 MARKET FOR CONSUMER ELECTRONICS SEGMENT IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.4 TELECOM & NETWORKING
10.4.1 GROWING NEED FOR UPS AND BATTERY MANAGEMENT APPLICATIONS TO CREATE LUCRATIVE OPPORTUNITIES FOR CURRENT SENSOR MARKET
TABLE 53 MARKET FOR TELECOM & NETWORKING SEGMENT, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 54 MARKET FOR TELECOM & NETWORKING SEGMENT, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 55 MARKET FOR TELECOM & NETWORKING SEGMENT, BY REGION, 2018–2020 (USD MILLION)
TABLE 56 MARKET FOR TELECOM & NETWORKING SEGMENT, BY REGION, 2021–2026 (USD MILLION)
TABLE 57 MARKET FOR TELECOM & NETWORKING SEGMENT IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 58 MARKET FOR TELECOM & NETWORKING SEGMENT IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 59 MARKET FOR TELECOM & NETWORKING SEGMENT IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 60 MARKET FOR TELECOM & NETWORKING SEGMENT IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 61 MARKET FOR TELECOM & NETWORKING SEGMENT IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 62 MARKET FOR TELECOM & NETWORKING SEGMENT IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 63 MARKET FOR TELECOM & NETWORKING SEGMENT IN ROW, BY REGION, 2018–2020 (USD MILLION)
TABLE 64 MARKET FOR TELECOM & NETWORKING SEGMENT IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.5 HEALTHCARE
10.5.1 GROWING USE OF CURRENT SENSORS FOR MONITORING POWER CONSUMPTION IN MEDICAL EQUIPMENT TO BOOST MARKET GROWTH
TABLE 65 MARKET FOR HEALTHCARE SEGMENT, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 66 CURRENT SENSOR MARKET FOR HEALTHCARE SEGMENT, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 67 MARKET FOR HEALTHCARE SEGMENT, BY REGION, 2018–2020 (USD MILLION)
TABLE 68 MARKET FOR HEALTHCARE SEGMENT, BY REGION, 2021–2026 (USD MILLION)
TABLE 69 MARKET FOR HEALTHCARE SEGMENT IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 70 MARKET FOR HEALTHCARE SEGMENT IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 71 MARKET FOR HEALTHCARE SEGMENT IN EUROPE, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 72 CURRENT SENSOR MARKET FOR HEALTHCARE SEGMENT IN EUROPE, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 73 MARKET FOR HEALTHCARE SEGMENT IN APAC, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 74 MARKET FOR HEALTHCARE SEGMENT IN APAC, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 75 MARKET FOR HEALTHCARE SEGMENT IN ROW, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 76 MARKET FOR HEALTHCARE SEGMENT IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
10.6 INDUSTRIAL
10.6.1 INDUSTRIAL AUTOMATION TO CREATE IMMENSE GROWTH OPPORTUNITIES FOR MARKET
FIGURE 36 APAC TO LEAD CURRENT SENSOR MARKET FOR INDUSTRIAL SEGMENT DURING FORECAST PERIOD
TABLE 77 MARKET FOR INDUSTRIAL SEGMENT, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 78 MARKET FOR INDUSTRIAL SEGMENT, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 79 MARKET FOR INDUSTRIAL SEGMENT, BY REGION, 2018–2020 (USD MILLION)
TABLE 80 MARKET FOR INDUSTRIAL SEGMENT, BY REGION, 2021–2026 (USD MILLION)
TABLE 81 MARKET FOR INDUSTRIAL SEGMENT IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 82 MARKET FOR INDUSTRIAL SEGMENT IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 83 MARKET FOR INDUSTRIAL SEGMENT IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 84 MARKET FOR INDUSTRIAL SEGMENT IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 85 MARKET FOR INDUSTRIAL SEGMENT IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 86 MARKET FOR INDUSTRIAL SEGMENT IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 87 MARKET FOR INDUSTRIAL SEGMENT IN ROW, BY REGION, 2018–2020 (USD MILLION)
TABLE 88 MARKET FOR INDUSTRIAL SEGMENT IN ROW, BY REGION, 2021–2026 (USD MILLION)
10.7 ENERGY
10.7.1 CONTINUOUS RENEWABLE ENERGY GENERATION TO DRIVE GROWTH OF MARKET
TABLE 89 MARKET FOR ENERGY SEGMENT, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 90 MARKET FOR ENERGY SEGMENT, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 91 MARKET FOR ENERGY SEGMENT, BY REGION, 2018–2020 (USD MILLION)
TABLE 92 MARKET FOR ENERGY SEGMENT, BY REGION, 2021–2026 (USD MILLION)
TABLE 93 MARKET FOR ENERGY SEGMENT IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 94 CURRENT SENSOR MARKET FOR ENERGY SEGMENT IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
TABLE 95 MARKET FOR ENERGY SEGMENT IN EUROPE, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 96 MARKET FOR ENERGY SEGMENT IN EUROPE, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 97 MARKET FOR ENERGY SEGMENT IN APAC, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 98 MARKET FOR ENERGY SEGMENT IN APAC, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 99 MARKET FOR ENERGY SEGMENT IN ROW, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 100 MARKET FOR ENERGY SEGMENT IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
10.8 OTHERS
TABLE 101 MARKET FOR OTHERS SEGMENT, BY APPLICATION, 2018–2020 (USD MILLION)
TABLE 102 MARKET FOR OTHERS SEGMENT, BY APPLICATION, 2021–2026 (USD MILLION)
TABLE 103 MARKET FOR OTHERS SEGMENT, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 104 MARKET FOR OTHERS SEGMENT, BY REGION, 2021–2026 (USD THOUSAND)
TABLE 105 MARKET FOR OTHERS SEGMENT IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 106 MARKET FOR OTHERS SEGMENT IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 107 MARKET FOR OTHERS SEGMENT IN EUROPE, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 108 MARKET FOR OTHER END USERS IN EUROPE, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 109 MARKET FOR OTHERS SEGMENT IN APAC, BY COUNTRY, 2018–2020 (USD THOUSAND)
TABLE 110 MARKET FOR OTHERS SEGMENT IN APAC, BY COUNTRY, 2021–2026 (USD THOUSAND)
TABLE 111 MARKET FOR OTHERS SEGMENT IN ROW, BY REGION, 2018–2020 (USD THOUSAND)
TABLE 112 MARKET FOR OTHERS SEGMENT IN ROW, BY REGION, 2021–2026 (USD THOUSAND)
11 CURRENT SENSOR MARKET, BY REGION (Page No. - 137)
11.1 INTRODUCTION
FIGURE 37 GEOGRAPHIC SNAPSHOT: APAC TO WITNESS HIGHEST GROWTH FROM 2021 TO 2026
FIGURE 38 APAC TO DOMINATE CURRENT SENSOR MARKET DURING FORECAST PERIOD
TABLE 113 MARKET, BY REGION, 2018–2020 (USD MILLION)
TABLE 114 MARKET, BY REGION, 2021–2026 (USD MILLION)
11.2 NORTH AMERICA
FIGURE 39 NORTH AMERICA: CURRENT SENSOR MARKET SNAPSHOT
TABLE 115 MARKET IN NORTH AMERICA, BY END USER, 2018–2020 (USD MILLION)
TABLE 116 MARKET IN NORTH AMERICA, BY END USER, 2021–2026 (USD MILLION)
TABLE 117 MARKET IN NORTH AMERICA, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 118 MARKET IN NORTH AMERICA, BY COUNTRY, 2021–2026 (USD MILLION)
11.2.1 US
11.2.1.1 US to be largest market for current sensors during forecast period
TABLE 119 MARKET IN US, BY END USER, 2018–2020 (USD MILLION)
TABLE 120 MARKET IN US, BY END USER, 2021–2026 (USD MILLION)
11.2.2 CANADA
11.2.2.1 Increasing demand from automotive, industrial, and consumer electronics segments to boost growth of Canadian market
TABLE 121 MARKET IN CANADA, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 122 MARKET IN CANADA, BY END USER, 2021–2026 (USD THOUSAND)
11.2.3 MEXICO
11.2.3.1 Increasing industrialization in Mexico to drive growth of market
TABLE 123 MARKET IN MEXICO, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 124 MARKET IN MEXICO, BY END USER, 2021–2026 (USD THOUSAND)
11.3 EUROPE
FIGURE 40 EUROPE: CURRENT SENSOR MARKET SNAPSHOT
TABLE 125 MARKET IN EUROPE, BY END USER, 2018–2020 (USD MILLION)
TABLE 126 MARKET IN EUROPE, BY END USER, 2021–2026 (USD MILLION)
TABLE 127 MARKET IN EUROPE, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 128 MARKET IN EUROPE, BY COUNTRY, 2021–2026 (USD MILLION)
11.3.1 GERMANY
11.3.1.1 Germany to lead European current sensor market during forecast period
TABLE 129 MARKET IN GERMANY, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 130 MARKET IN GERMANY, BY END USER, 2021–2026 (USD THOUSAND)
11.3.2 UK
11.3.2.1 Growing demand for current sensors in automotive and healthcare industries to fuel market growth during forecast period
TABLE 131 MARKET IN UK, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 132 MARKET IN UK, BY END USER, 2021–2026 (USD THOUSAND)
11.3.3 FRANCE
11.3.3.1 Growing use of current sensors in automotive and aerospace industries to drive market growth
TABLE 133 MARKET IN FRANCE, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 133 MARKET IN FRANCE, BY END USER, 2018–2020 (USD THOUSAND)
11.3.4 REST OF EUROPE
TABLE 135 MARKET IN REST OF EUROPE, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 136 MARKET IN REST OF EUROPE, BY END USER, 2021–2026 (USD THOUSAND)
11.4 ASIA PACIFIC
FIGURE 41 APAC: CURRENT SENSOR MARKET SNAPSHOT
TABLE 137 MARKET IN APAC, BY END USER, 2018–2020 (USD MILLION)
TABLE 138 MARKET IN APAC, BY END USER, 2021–2026 (USD MILLION)
TABLE 139 MARKET IN APAC, BY COUNTRY, 2018–2020 (USD MILLION)
TABLE 140 MARKET IN APAC, BY COUNTRY, 2021–2026 (USD MILLION)
11.4.1 CHINA
11.4.1.1 Developing economy and growing implementation of sensors in various industries to boost market growth in China
TABLE 141 MARKET IN CHINA, BY END USER, 2018–2020 (USD MILLION)
TABLE 142 MARKET IN CHINA, BY END USER, 2021–2026 (USD MILLION)
11.4.2 JAPAN
11.4.2.1 High demand for current sensors in automotive and industrial segments to boost market growth
TABLE 143 MARKET IN JAPAN, BY END USER, 2018–2020 (USD MILLION)
TABLE 144 MARKET IN JAPAN, BY END USER, 2021–2026 (USD MILLION)
11.4.3 INDIA
11.4.3.1 Expanding manufacturing industries and government initiatives for industrial development to drive market growth
TABLE 145 MARKET IN INDIA, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 146 MARKET IN INDIA, BY END USER, 2021–2026 (USD THOUSAND)
11.4.4 SOUTH KOREA
11.4.4.1 Consumer electronics and automobile manufacturing companies are playing a vital role in growth of market
TABLE 147 MARKET IN SOUTH KOREA, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 148 MARKET IN SOUTH KOREA, BY END USER, 2021–2026 (USD THOUSAND)
11.4.5 REST OF APAC
TABLE 149 MARKET IN REST OF APAC, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 150 MARKET IN REST OF APAC, BY END USER, 2021–2026 (USD THOUSAND)
11.5 REST OF THE WORLD
TABLE 151 MARKET IN ROW, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 152 MARKET IN ROW, BY END USER, 2021–2026 (USD THOUSAND)
TABLE 153 MARKET IN ROW, BY REGION, 2018–2020 (USD MILLION)
TABLE 154 MARKET IN ROW, BY REGION, 2021–2026 (USD MILLION)
11.5.1 MIDDLE EAST & AFRICA
11.5.1.1 Increasing demand for current sensors attributed to growing renewable energy production to boost market growth
TABLE 155 MARKET IN MIDDLE EAST & AFRICA, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 156 MARKET IN MIDDLE EAST & AFRICA, BY END USER, 2021–2026 (USD THOUSAND)
11.5.2 SOUTH AMERICA
11.5.2.1 Implementation of current sensors in automotive, infrastructure, and energy segment to drive market growth
TABLE 157 MARKET IN SOUTH AMERICA, BY END USER, 2018–2020 (USD THOUSAND)
TABLE 158 MARKET IN SOUTH AMERICA, BY END USER, 2021–2026 (USD THOUSAND)
12 COMPETITIVE LANDSCAPE (Page No. - 169)
12.1 INTRODUCTION
12.2 MARKET EVALUATION FRAMEWORK
TABLE 159 OVERVIEW OF STRATEGIES DEPLOYED BY KEY CURRENT SENSORS OEMS
12.2.1 PRODUCT PORTFOLIO
12.2.2 REGIONAL FOCUS
12.2.3 MANUFACTURING FOOTPRINT
12.2.4 ORGANIC/INORGANIC GROWTH STRATEGIES
12.3 MARKET SHARE ANALYSIS, 2020
TABLE 160 DEGREE OF COMPETITION
12.4 REVENUE ANALYSIS OF TOP PLAYERS IN MARKET
FIGURE 42 5-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN CURRENT SENSOR MARKET
12.5 COMPANY EVALUATION MATRIX
12.5.1 STAR
12.5.2 PERVASIVE
12.5.3 EMERGING LEADER
12.5.4 PARTICIPANT
FIGURE 43 CURRENT SENSOR MARKET (GLOBAL) COMPANY EVALUATION MATRIX, 2020
12.6 START-UP/SME EVALUATION MATRIX
12.6.1 PROGRESSIVE COMPANY
12.6.2 RESPONSIVE COMPANY
12.6.3 DYNAMIC COMPANY
12.6.4 STARTING BLOCK
FIGURE 44 CURRENT SENSOR MARKET (GLOBAL), START-UP/SME EVALUATION MATRIX, 2020
12.7 COMPANY PRODUCT FOOTPRINT
TABLE 161 COMPANY PRODUCT FOOTPRINT
TABLE 162 FOOTPRINT OF DIFFERENT CURRENT SENSOR TECHNOLOGIES OFFERED BY DIFFERENT COMPANIES
TABLE 163 FOOTPRINT OF DIFFERENT END USER DEALS BY DIFFERENT COMPANIES
TABLE 164 REGIONAL FOOTPRINT OF DIFFERENT COMPANIES
12.8 COMPETITIVE SITUATIONS & TRENDS
FIGURE 45 STRATEGIES ADOPTED BY KEY PLAYERS FROM JANUARY 2018 TO MAY 2021
12.8.1 PRODUCT LAUNCHES AND DEVELOPMENTS
TABLE 165 PRODUCT LAUNCHES AND DEVELOPMENTS (2018–2021)
12.8.2 DEALS
TABLE 166 DEALS, JANUARY 2018–MAY 2021
12.8.3 OTHERS
TABLE 167 OTHERS, 2018–2021
13 COMPANY PROFILES (Page No. - 195)
13.1 KEY PLAYERS
(Business overview, Products offered, Recent Developments, COVID-19-related developments, MNM view)*
13.1.1 ASAHI KASEI MICRODEVICES (AKM)
TABLE 168 ASAHI KASEI MICRODEVICES: BUSINESS OVERVIEW
FIGURE 46 ASAHI KASEI CORPORATION: COMPANY SNAPSHOT
13.1.2 ACEINNA
TABLE 169 ACEINNA: BUSINESS OVERVIEW
13.1.3 MELEXIS
TABLE 170 MELEXIS: BUSINESS OVERVIEW
FIGURE 47 MELEXIS: COMPANY SNAPSHOT
13.1.4 ALLEGRO MICROSYSTEMS LLC
TABLE 171 ALLEGRO MICROSYSTEMS: BUSINESS OVERVIEW
FIGURE 48 ALLEGRO MICROSYSTEMS: COMPANY SNAPSHOT
13.1.5 INFINEON TECHNOLOGIES
TABLE 172 INFINEON TECHNOLOGIES: BUSINESS OVERVIEW
FIGURE 49 INFINEON TECHNOLOGIES: COMPANY SNAPSHOT
13.1.6 TDK CORPORATION (TDK-MICRONAS GMBH)
TABLE 173 TDK CORPORATION: BUSINESS OVERVIEW
FIGURE 50 TDK CORPORATION: COMPANY SNAPSHOT
13.1.7 HONEYWELL
TABLE 174 HONEYWELL: BUSINESS OVERVIEW
FIGURE 51 HONEYWELL: COMPANY SNAPSHOT
13.1.8 TAMURA CORPORATION
TABLE 175 TAMURA CORPORATION: BUSINESS OVERVIEW
FIGURE 52 TAMURA CORPORATION: COMPANY SNAPSHOT
13.1.9 TEXAS INSTRUMENTS
TABLE 176 TEXAS INSTRUMENTS: BUSINESS OVERVIEW
FIGURE 53 TEXAS INSTRUMENTS: COMPANY SNAPSHOT
13.1.10 LEM INTERNATIONAL
TABLE 177 LEM INTERNATIONAL: BUSINESS OVERVIEW
FIGURE 54 LEM INTERNATIONAL: COMPANY SNAPSHOT
13.2 RIGHT TO WIN
13.3 OTHER COMPANIES
13.3.1 SILICON LABS
13.3.2 SENSITEC GMBH
13.3.3 KOHSHIN ELECTRIC CORPORATION
13.3.4 PULSE ELECTRONICS CORPORATION
13.3.5 VACUUMSCHMELZE GMBH & CO. KG
13.3.6 STMICROELECTRONICS N.V.
13.3.7 OMRON CORP (OMRON IA)
13.3.8 ICE COMPONENTS, INC.
13.3.9 MAGNESENSOR TECHNOLOGY
13.3.10 AMERICAN AEROSPACE CONTROLS INC. (AAC)
13.3.11 ELECTROHMS PVT. LTD.
13.3.12 DARE ELECTRONICS, INC.
13.3.13 SHANDONG YUANXING ELECTRONICS CO., LTD.
13.3.14 SENSOR ELECTRONIC TECHNOLOGY (SET)
13.3.15 TELL-I TECHNOLOGIES, INC.
*Details on Business overview, Products offered, Recent Developments, COVID-19-related developments, MNM view might not be captured in case of unlisted companies.
14 APPENDIX (Page No. - 248)
14.1 DISCUSSION GUIDE
14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
14.3 AVAILABLE CUSTOMIZATIONS
14.4 RELATED REPORTS
14.5 AUTHOR DETAILS
The study involved four major activities in estimating the size of the current sensor market. Exhaustive secondary research has been done to collect information on the market, the peer market, and the parent market. To validate these findings, assumptions, and sizing with industry experts across the value chain through primary research has been the next step. Both top-down and bottom-up approaches have been employed to estimate the complete market size. After that, market breakdown and data triangulation methods have been used to estimate the market size of segments and subsegments.
The research methodology used to estimate and forecast the current sensor market begins with capturing data on revenues of key vendors in the market through secondary research. This study incorporates extensive use of secondary sources, directories, and databases (such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource) to identify and collect information useful for a technical, market-oriented, and commercial study of the current sensor market. Vendor offerings have also been taken into consideration to determine market segmentation. The entire research methodology includes studying annual reports, press releases, and investor presentations of companies; white papers; and certified publications and articles from recognized authors, directories, and databases.
The Current sensor market comprises several stakeholders, such as suppliers of current monitoring solutions and current-senseing amplifiers. The demand side of this market is characterized by various end-users and regions. The supply side is characterized by advancements in types of current sensor technologies. Various primary sources from both the supply and demand sides of the market have been interviewed to obtain qualitative and quantitative information. Following is the breakdown of primary respondents.
Both top-down and bottom-up approaches have been used to estimate and validate the size of the current sensor market and its subsegments. The research methodology used to estimate the market size includes the following:
After arriving at the overall market size—using the estimation processes explained above—the market has been split into several segments and subsegments. To complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment, data triangulation, and market breakdown procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends in both the demand and supply sides of the current sensor market.
Along with the market data, MarketsandMarkets offers customizations according to a company’s specific needs. The following customization options are available for the report:
Growth opportunities and latent adjacency in Current Sensor Market