Current Sensors Market
Global Current Sensors Market Size, Share & Trends Analysis Report by Loop Type (Open Loop and Closed Loop), by Technology (Micro-electromechanical systems (MEMS), Hall-Effect, Shunt, Fluxgate, and Magneto Resistive), by Output Type (Analog and Digital), and by Application (Automotive, Consumer Electronics, Healthcare, Industrial, Energy, and Others) Forecast Period (2021-2027) Update Available - Forecast 2024-2030
The global current sensors market is anticipated to grow at a significant CAGR of 8.4% during the forecast period. The growing demand for low-cost, accurate, and small-size solutions of current sensors from industrial, automotive, communication, and electronic industries to drive the market growth of current sensors. The modern BiCMOS technology has generated new opportunities for the IC sectors.
The increasing industrial automation through robots, hybrid and automated guided vehicles, and the 5G technology are the fastest growing trends in the market that are generating huge demand for current sensors. However, the technical issues and high costs associated with the current sensors will restrain the market growth. Additionally, the devices that deploy current sensors require regular maintenance to avoid accuracy, drift, and sensitivity-related problems.
Impact of COVID-19 Pandemic on Global Current Sensors Market
The outbreak of COVID-19 had stopped the R&D in the electronic and semiconductors industry. Additionally, the manufacturing facilities were also impacted due to global lockdowns and supply chain disruption of raw materials. Consumers across the globe had limited their spendings on essential items due to per capita income which had reduced the sales volume of current sensors.
Segmental Outlook
The global current sensors market is segmented based on the loop type, technology, output type, and application. Based on the loop type, the market is segmented into open loop and closed loop. Based on technology, the market is sub-segmented into MEMS, hall-effect, shunt, fluxgate, and magneto resistive. Based on output type, the market is sub-segmented into analog and digital. Based on application, the market is sub-segmented into automotive, consumer electronics, healthcare, industrial, energy, and others (aerospace & defense, telecom & networking).
Global Current Sensors Market Share by Application, 2020 (%)
The Consumer Electronics Segment Held Considerable Share in the Global Current Sensors Market
The consumer electronics segment held considerable share in the current sensors market. The rising per capita income of consumers is expected to drive the segmental growth of consumer electronics. The Automotive segment is anticipated to grow fastest during the forecast period. As the electric vehicle replaces conventional engine vehicles, the usage of current sensors will grow. Thus, the automotive segment holds the major share in the market. The rising innovation and development of powertrains and electric trucks & buses will generate new opportunities for the current sensors market. Hall-effect and magnetoresistive (AMR, TMR, and GMR) are the most popularly used current sensors while magneto-inductive and magneto-optical sensors are used for customized applications of current sensors.
Regional Outlooks
The global current sensors market is further segmented based on geography including North America (the US, and Canada), Europe (Italy, Spain, Germany, France, and Others), Asia-Pacific (India, China, Japan, South Korea, and Others), and the Rest of the World (the Middle East and Africa, and Latin America). The North American region dominates in the current sensors market attributing to the extensive adoption of smart home appliances including lighting control, HVAC control, home healthcare devices, portable electronic devices, and infotainment systems. These electronic devices deploy battery management systems and electronic safety systems which will create new opportunities for the current sensors market.
Global Current Sensors Market Growth, by Region 2021-2027
Asia-Pacific is Expected to Grow Fastest During the Forecast Period
The current sensors market in the Asia-Pacific is expected to grow fastest during the forecast period as the region is emerging as a manufacturing hub of automotive vehicles. China, Japan, and South Korea are the major contributors to the market. The rising number of passenger cars on roads is expected to further drive the market growth.
Market Players Outlook
The major companies serving the global current sensors market include Atlantic Therapeutics, ActivLife Technologies, Everyday Medical Instruments Co., Ltd., InControl Medical, Laborie, Inc., Renovia Inc., Zynex Inc., Verity Medical Ltd., V2U Healthcare, and others. The market players are considerably contributing to the market growth by the adoption of various strategies including mergers & acquisitions, collaborations, funding, and new product launches, to stay competitive in the market. For instance, TT Electronics had developed a customized solution of current sensors in July 2019 to be used under harsh conditions of the aerospace & defense sector. This new range of current sensors modular technique leverages Hall-effect and Rogowski sensors, with amplifiers and digital converters. These current sensors are ideal for usage in electrical systems, generators, and motor drive applications as their ambient working temperature range from -55°C to 125°C and are capable of transferring 30A to 2000A AC or DC through single-phase configuration. Its TRL5 standard circuit boards can be re-configured into multi-phase through the coating.
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global current sensors market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
• Current Industry Analysis and Growth Potential Outlook
• Impact of COVID-19 on the Global Current Sensors Market
• Recovery Scenario of Global Current Sensors Market
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. BY Region
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
3. Competitive Landscape
3.1. Key Company Analysis
3.1.1. Allegro Micro Systems, LLC
3.1.1.1. Overview
3.1.1.2. Financial Analysis
3.1.1.3. SWOT Analysis
3.1.1.4. Recent Developments
3.1.2. Honeywell International, Inc.
3.1.2.1. Overview
3.1.2.2. Financial Analysis
3.1.2.3. SWOT Analysis
3.1.2.4. Recent Developments
3.1.3. Infineon Technologies AG
3.1.3.1. Overview
3.1.3.2. Financial Analysis
3.1.3.3. SWOT Analysis
3.1.3.4. Recent Developments
3.1.4. Melexis NV
3.1.4.1. Overview
3.1.4.2. Financial Analysis
3.1.4.3. SWOT Analysis
3.1.4.4. Recent Developments
3.1.5. TDK Corp.
3.1.5.1. Overview
3.1.5.2. Financial Analysis
3.1.5.3. SWOT Analysis
3.1.5.4. Recent Developments
3.2. Key Strategy Analysis
3.3. Impact of Covid-19 on Key Players
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Current Sensors Market by Loop Type
5.1.1. Open Loop
5.1.2. Closed Loop
5.2. Global Current Sensors Market by Technology
5.2.1. Micro-electromechanical systems (MEMS)
5.2.2. Hall-Effect
5.2.3. Shunt
5.2.4. Fluxgate
5.2.5. Magneto Resistive
5.3. Global Current Sensors Market by Output Type
5.3.1. Analog
5.3.2. Digital
5.4. Global Current Sensors Market by Application
5.4.1. Automotive
5.4.2. Consumer Electronics
5.4.3. Healthcare
5.4.4. Industrial
5.4.5. Energy
5.4.6. Others (including Aerospace & Defense, Telecom & Networking)
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. South Korea
6.3.5. Rest of Asia-Pacific
6.4. Rest of the World
6.4.1. Latin America
6.4.2. Middle-East & Africa
7. Company Profiles
7.1. ACEINNA
7.2. Asahi Kasei Microdevices Corp.
7.3. Allegro MicroSystems, LLC
7.4. Eaton Corporation PLC
7.5. ELECTROHMS Pvt. Ltd.
7.6. Honeywell International, Inc.
7.7. ICE Components, Inc.
7.8. Infineon Technologies AG
7.9. KOHSHIN ELECTRIC Corp.
7.10. LEM International SA
7.11. Magnesensor Technology
7.12. Melexis NV
7.13. OMRON Corp.
7.14. Pulse Electronics A Yageo Co.
7.15. Sensitec GmbH
7.16. Silicon Laboratories
7.17. STMicroelectronics
7.18. Tamura Corp.
7.19. TDK Corp.
7.20. Texas Instruments, Inc.
7.21. TT Electronics Plc
7.22. VACUUMSCHMELZE GmbH & Co. KG
1. GLOBAL CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY LOOP TYPE, 2020-2027 ($ MILLION)
2. GLOBAL OPEN LOOP CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
3. GLOBAL CLOSED LOOP CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
4. GLOBAL CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
5. GLOBAL MEMS CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
6. GLOBAL HALL-EFFECT CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
7. GLOBAL SHUNT CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
8. GLOBAL FLUXGATE CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
9. GLOBAL MAGNETO RESISTIVE CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
10. GLOBAL CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY OUTPUT TYPE, 2020-2027 ($ MILLION)
11. GLOBAL ANALOG CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
12. GLOBAL DIGITAL CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
13. GLOBAL CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
14. GLOBAL AUTOMOTIVE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
15. GLOBAL CONSUMER ELECTRONICS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
16. GLOBAL HEALTHCARE MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
17. GLOBAL INDUSTRIAL MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
18. GLOBAL ENERGY MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
19. GLOBAL OTHERS MARKET RESEARCH AND ANALYSIS BY REGION, 2020-2027 ($ MILLION)
20. GLOBAL CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2020-2027 ($ MILLION)
21. NORTH AMERICAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
22. NORTH AMERICAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY LOOP TYPE, 2020-2027 ($ MILLION)
23. NORTH AMERICAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
24. NORTH AMERICAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY OUTPUT TYPE, 2020-2027 ($ MILLION)
25. NORTH AMERICAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
26. EUROPEAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
27. EUROPEAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY LOOP TYPE, 2020-2027 ($ MILLION)
28. EUROPEAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
29. EUROPEAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY OUTPUT TYPE, 2020-2027 ($ MILLION)
30. EUROPEAN CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
31. ASIA-PACIFIC CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
32. ASIA-PACIFIC CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY LOOP TYPE, 2020-2027 ($ MILLION)
33. ASIA-PACIFIC CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
34. ASIA-PACIFIC CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY OUTPUT TYPE, 2020-2027 ($ MILLION)
35. ASIA-PACIFIC CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
36. REST OF THE WORLD CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2020-2027 ($ MILLION)
37. REST OF THE WORLD CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY LOOP TYPE, 2020-2027 ($ MILLION)
38. REST OF THE WORLD CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY TECHNOLOGY, 2020-2027 ($ MILLION)
39. REST OF THE WORLD CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY OUTPUT TYPE, 2020-2027 ($ MILLION)
40. REST OF THE WORLD CURRENT SENSORS MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2020-2027 ($ MILLION)
1. IMPACT OF COVID-19 ON GLOBAL CURRENT SENSORS MARKET, 2020-2027 ($ MILLION)
2. IMPACT OF COVID-19 ON GLOBAL CURRENT SENSORS MARKET BY SEGMENT, 2020-2027 ($ MILLION)
3. RECOVERY OF GLOBAL CURRENT SENSORS MARKET, 2021-2027 (%)
4. GLOBAL CURRENT SENSORS MARKET SHARE BY LOOP TYPE, 2020 VS 2027 (%)
5. GLOBAL OPEN LOOP CURRENT SENSORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
6. GLOBAL CLOSED LOOP CURRENT SENSORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
7. GLOBAL CURRENT SENSORS MARKET SHARE BY TECHNOLOGY, 2020 VS 2027 (%)
8. GLOBAL MEMS CURRENT SENSORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
9. GLOBAL HALL-EFFECT CURRENT SENSORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
10. GLOBAL SHUNT SENSORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
11. GLOBAL FLUXGATE CURRENT SENSORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
12. GLOBAL MAGNETO RESISTIVE CURRENT SENSORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
13. GLOBAL CURRENT SENSORS MARKET SHARE BY OUTPUT TYPE, 2020 VS 2027 (%)
14. GLOBAL ANALOG CURRENT SENSORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
15. GLOBAL DIGITAL CURRENT SENSORS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
16. GLOBAL CURRENT SENSORS MARKET SHARE BY APPLICATION, 2020 VS 2027 (%)
17. GLOBAL AUTOMOTIVE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
18. GLOBAL CONSUMER ELECTRONICS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
19. GLOBAL HEALTHCARE MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
20. GLOBAL INDUSTRIAL MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
21. GLOBAL ENERGY MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
22. GLOBAL OTHERS MARKET REGION BY GEOGRAPHY, 2020 VS 2027 (%)
23. GLOBAL CURRENT SENSORS MARKET SHARE BY GEOGRAPHY, 2020 VS 2027 (%)
24. US CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
25. CANADA CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
26. UK CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
27. FRANCE CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
28. GERMANY CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
29. ITALY CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
30. SPAIN CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
31. REST OF EUROPE CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
32. INDIA CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
33. CHINA CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
34. JAPAN CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
35. SOUTH KOREA CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
36. REST OF ASIA-PACIFIC CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
37. REST OF THE WORLD CURRENT SENSORS MARKET SIZE, 2020-2027 ($ MILLION)
