Current Sensor Market

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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

FREE BROCHURE FREE SAMPLE REPORT

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

[248 Pages Report] The 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 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 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 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 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.

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 Statistics 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
Estimated Market Size in 2023	USD 2.8 Billion
Projected Market Size in 2028	USD 4.7 Billion
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 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:

What are the key strategies adopted by key companies in the current sensor market?

Product launches, acquisitions, and collaborations have been and continue to be some of the major strategies the key players adopted to grow in the current sensor market.

What region dominates the current sensor market?

The Asia Pacific region will dominate the current sensor market.

What application dominates the current sensor market?

Automotive applications are expected to dominate the current sensor market.

Which technology from the technology segment dominates the current sensor market?

The isolated technology segment is expected to have the largest market size during the forecast period.

Who are the major autonomous underwater vehicle (AUV) market companies?

To speak to our analyst for a discussion on the above findings, click Speak to Analyst

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 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 MARKET, BY OUTPUT TYPE

FIGURE 16 DIGITAL SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD

4.3 MARKET, BY LOOP TYPE

FIGURE 17 CLOSED LOOP SEGMENT TO HOLD LARGER MARKET SHARE BY 2028

4.4 ASIA PACIFIC: MARKET, BY END USER AND COUNTRY

FIGURE 18 AUTOMOTIVE END-USER SEGMENT AND CHINA TO ACCOUNT FOR LARGEST SHARES OF MARKET IN ASIA PACIFIC IN 2023

4.5 MARKET, BY END USER

FIGURE 19 AUTOMOTIVE SEGMENT TO CAPTURE LARGEST MARKET SHARE DURING FORECAST PERIOD

4.6 MARKET, BY COUNTRY

FIGURE 20 CHINA TO BE FASTEST-GROWING 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 MARKET, BY CURRENT SENSING METHOD

FIGURE 33 DIRECT CURRENT SENSING SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD

TABLE 12 MARKET, BY CURRENT SENSING METHOD, 2019–2022 (USD MILLION)

TABLE 13 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 MARKET, BY LOOP TYPE

FIGURE 35 OPEN LOOP SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD

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)

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 MARKET, BY TECHNOLOGY

FIGURE 37 ISOLATED SEGMENT TO EXHIBIT HIGHER CAGR DURING FORECAST PERIOD

TABLE 18 MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)

TABLE 19 MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)

8.2 ISOLATED

TABLE 20 ISOLATED MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)

TABLE 21 ISOLATED MARKET, BY TECHNOLOGY, 2023–2028 (USD MILLION)

8.2.1 MAGNETIC CURRENT SENSORS

TABLE 22 MAGNETIC MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 23 MAGNETIC MARKET, BY TYPE, 2023–2028 (USD MILLION)

TABLE 24 HALL-EFFECT MARKET, BY TYPE, 2019–2022 (USD MILLION)

TABLE 25 HALL-EFFECT 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 MARKET, BY TECHNOLOGY, 2019–2022 (USD MILLION)

TABLE 28 NON-ISOLATED 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 MARKET, BY OUTPUT TYPE

FIGURE 39 DIGITAL SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD

TABLE 29 MARKET, BY OUTPUT TYPE, 2019–2022 (USD MILLION)

TABLE 30 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 MARKET, BY END USER

FIGURE 41 CONSUMER ELECTRONICS SEGMENT TO RECORD HIGHER CAGR DURING FORECAST PERIOD

TABLE 31 MARKET, BY END USER, 2019–2022 (USD MILLION)

TABLE 32 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: 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: 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)

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: MARKET, BY APPLICATION, 2023–2028 (USD MILLION)

TABLE 47 CONSUMER ELECTRONICS: 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: 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)

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: 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: 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)

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: 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)

10.6 INDUSTRIAL

10.6.1 INDUSTRIAL AUTOMATION TO CREATE IMMENSE GROWTH OPPORTUNITIES FOR PLAYERS IN CURRENT SENSOR MARKET

TABLE 81 INDUSTRIAL: 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)

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: 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: 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)

10.8 OTHERS

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)

11 CURRENT SENSOR MARKET, BY REGION (Page No. - 144)

11.1 INTRODUCTION

FIGURE 42 MARKET, BY REGION

FIGURE 43 ASIA PACIFIC TO DOMINATE MARKET DURING FORECAST PERIOD

TABLE 117 MARKET, BY REGION, 2019–2022 (USD MILLION)

TABLE 118 MARKET, BY REGION, 2023–2028 (USD MILLION)

11.2 NORTH AMERICA

FIGURE 44 NORTH AMERICA: CURRENT SENSOR MARKET, BY COUNTRY

FIGURE 45 NORTH AMERICA: MARKET SNAPSHOT

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: 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)

11.2.1 IMPACT OF RECESSION ON MARKET IN NORTH AMERICA

FIGURE 46 ANALYSIS OF 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: MARKET SNAPSHOT

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: 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)

11.3.1 IMPACT OF RECESSION ON MARKET IN EUROPE

FIGURE 49 ANALYSIS OF 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: MARKET SNAPSHOT

TABLE 141 ASIA PACIFIC: 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: 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: MARKET, BY END USER, 2019–2022 (USD MILLION)

TABLE 154 REST OF ASIA PACIFIC: MARKET, BY END USER, 2023–2028 (USD MILLION)

11.4.1 IMPACT OF RECESSION ON MARKET IN ASIA PACIFIC

FIGURE 52 ANALYSIS OF 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: 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: 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)

11.5.1 IMPACT OF RECESSION ON MARKET IN ROW

FIGURE 54 ANALYSIS OF 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 MARKET

12.3 REVENUE ANALYSIS OF TOP FIVE PLAYERS

FIGURE 55 THREE-YEAR REVENUE ANALYSIS OF TOP PLAYERS IN MARKET, 2020–2022

12.4 MARKET SHARE ANALYSIS

TABLE 164 MARKET: DEGREE OF COMPETITION

TABLE 165 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 MARKET (GLOBAL): EVALUATION MATRIX FOR STARTUPS/SMES, 2022

TABLE 170 MARKET: DETAILED LIST OF KEY STARTUPS/SMES

TABLE 171 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.