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Current Sensor Market Trends and Forecast

The future of the global current sensor market looks promising with opportunities in the automotive, consumer electronics, telecom & networking, healthcare, industrial, and energy sectors. The global current sensor market is expected to reach an estimated $1.9 billion by 2028 with a CAGR of 9.3% from 2023 to 2028. The major drivers for this market are growing demand for power management devices, rising adoption of industrial robots, and increasing trend of hybrid vehicles in the automotive industry.
Current Sensor Market by Loop, Technology, Output, and End Use Industry

A more than 150-page report is developed to help in your business decisions. A sample figure with some insights is shown below. 
Current Sensor Market by Segments
 

Current Sensor Market by Segment

The study includes trends and forecast for the global current sensor market by loop type, technology, output type, end use industry, and region, as follows:
 

Current Sensor Market by Loop Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Open Loop
  • Closed Loop

Current Sensor Market by Technology [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Isolated Current Sensors
    • Magnetic Current Sensors
      • Hall-Effect
      • AMR
      • GMR
      • TMR
      • Fluxgate
    • Opto-isolated Op Amp
    • Shunt-isolated Op Amp
  • Non-Isolated Current Sensors
    • Current Sensing Amplifiers
    • Analog-to-Digital Converters

Current Sensor Market by Output Type [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Analog
  • Digital

Current Sensor Market by End Use Industry [Value ($B) Shipment Analysis from 2017 to 2028]:

  • Automotive
  • Consumer Electronics
  • Telecom & Networking
  • Healthcare
  • Industrial
  • Energy
  • Others

Current Sensor Market by Region [Value ($B) Shipment Analysis from 2017 to 2028]:

  • North America
  • Europe
  • Asia Pacific
  • The Rest of the World

List of Current Sensor Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies, current sensor companies cater to increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the current sensor companies profiled in this report include- 

Current Sensor Market Insights

  • Lucintel forecasts that isolated sensors will remain the larger segment over the forecast period as isolation of current sensing circuitry is required for technical and regulatory requirements in various applications, such as line-operated commercial and industrial motors.
  • Consumer electronic is expected to remain the largest segment due to the extensive use of current sensors in consumer devices for power management and AC/DC power supplies to use electrical energy effectively. 
  • APAC will remain the largest region due to the expanding automobile industry and increasing demand for current sensors in the building automation, telecommunication, and manufacturing industries in this region.

Features of the Current Sensor Market

  • Market Size Estimates: Current sensor market size estimation in terms of value ($B)
  • Trend And Forecast Analysis: Market trends (2017-2022) and forecast (2023-2028) by various segments and regions.
  • Segmentation Analysis: Current sensor market size by various segments, such as by loop type, technology, output type, end use industry, and region
  • Regional Analysis: Current sensor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
  • Growth Opportunities: Analysis on growth opportunities in different loop types, technology, output types, end use industries, and regions for the current sensor market.
  • Strategic Analysis: This includes M&A, new product development, and competitive landscape for the current sensor market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

FAQ

Q1. What is the current sensor market size?
Answer: The global current sensor market is expected to reach an estimated $1.9 billion by 2028.
Q2. What is the growth forecast for current sensor market?
Answer: The global current sensor market is expected to grow with a CAGR of 9.3% from 2023 to 2028.
Q3. What are the major drivers influencing the growth of the current sensor market?
Answer: The major drivers for this market are growing demand for power management devices, rising adoption of industrial robots, and increasing trend of hybrid vehicles in the automotive industry.
Q4. What are the major segments for current sensor market?
Answer: The future of the current sensor market looks promising with opportunities in the automotive, consumer electronics, telecom & networking, healthcare, industrial, and energy sectors. The global current sensor market is expected to reach an estimated $1.9 billion by 2028 with a CAGR of 9.3% from 2023 to 2028.
Q5. Who are the key current sensor companies?
Answer: Some of the key current sensor companies are as follows:
  • Allegro MicroSystems
  • TDK
  • Infineon Technologies
  • Melexis NV
  • Honeywell
Q6. Which current sensor segment will be the largest in future?
Answer: Lucintel forecasts that isolated sensors will remain the larger segment over the forecast period as isolation of current sensing circuitry is required for technical and regulatory requirements in various applications, such as line-operated commercial and industrial motors.  
Q7. In current sensor market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region due to the expanding automobile industry and increasing demand for current sensors in the building automation, telecommunication, and manufacturing industries in this region.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% Customization Without any Additional Cost.

This report answers following 11 key questions

Q.1. What are some of the most promising, high-growth opportunities for the current sensor market by loop type (open loop and closed loop), technology (isolated current sensors and non-isolated current sensors), output type (analog and digital), and end use industry (automotive, consumer electronics, telecom and networking, healthcare, industrial, energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11.  What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
 
For any questions related to current sensor market or related current sensor companies, current sensor market size, current sensor market share, current sensor analysis, write Lucintel analyst at email: helpdesk@lucintel.com we will be glad to get back to you soon.
Table of Contents
 
1. Executive Summary
 
2. Global Current Sensor Market: Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
 
3. Market Trends and Forecast Analysis from 2017 to 2028
3.1: Macroeconomic Trends (2017-2022) and Forecast (2023-2028)
3.2: Global Current Sensor Market Trends (2017-2022) and Forecast (2023-2028)
3.3: Global Current Sensor Market by Loop Type
3.3.1: Open Loop 
3.3.2: Closed Loop 
3.4: Global Current Sensor Market by Technology
3.4.1: Isolated Current Sensors 
3.4.1.1: Magnetic Current Sensors 
3.4.1.1.1: Hall-Effect 
3.4.1.1.2: AMR 
3.4.1.1.3: GMR 
3.4.1.1.4: TMR 
3.4.1.1.5: Fluxgate 
3.4.1.2: Opto-isolated Op Amp 
3.4.1.3: Shunt-isolated Op Amp 
3.4.2: Non-Isolated Current Sensors 
3.4.2.1: Current Sensing Amplifiers 
3.4.2.2: Analog-to-Digital Converters 
3.5: Global Current Sensor Market by Output Type
3.5.1: Analog 
3.5.2: Digital 
3.6: Global Current Sensor Market by End Use Industry
3.6.1: Automotive 
3.6.2: Consumer Electronics 
3.6.3: Telecom & Networking 
3.6.4: Healthcare 
3.6.5: Industrial 
3.6.6: Energy 
3.6.7: Others 
 
4. Market Trends and Forecast Analysis by Region from 2017 to 2028
4.1: Global Current Sensor Market by Region
4.2: North American Current Sensor Market
4.2.1: North American Current Sensor Market by Technology: Isolated Current Sensors and Non-Isolated Current Sensors
4.2.2: North American Current Sensor Market by End Use Industry: Automotive, Consumer Electronics, Telecom and Networking, Healthcare, Industrial, Energy, and Others
4.3: European Current Sensor Market 
4.3.1: European Current Sensor Market by Technology: Isolated Current Sensors and Non-Isolated Current Sensors
4.3.2: European Current Sensor Market by End Use Industry: Automotive, Consumer Electronics, Telecom and Networking, Healthcare, Industrial, Energy, and Others
4.4: APAC Current Sensor Market 
4.4.1: APAC Current Sensor Market by Technology: Isolated Current Sensor and Non-Isolated Current Sensors
4.4.2: APAC Current Sensor Market by End Use Industry: Automotive, Consumer Electronics, Telecom and Networking, Healthcare, Industrial, Energy, and Others
4.5: ROW Current Sensor Market 
4.5.1: ROW Current Sensor Market by Technology: Isolated Current Sensors and Non-Isolated Current Sensors
4.5.2: ROW Current Sensor Market by End Use Industry: Automotive, Consumer Electronics, Telecom and Networking, Healthcare, Industrial, Energy, and Others
 
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
 
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Current Sensor Market by Loop Type
6.1.2: Growth Opportunities for the Global Current Sensor Market by Technology
6.1.3: Growth Opportunities for the Global Current Sensor Market by Output Type
6.1.4: Growth Opportunities for the Global Current Sensor Market by End Use Industry
6.1.5: Growth Opportunities for the Global Current Sensor Market Region
6.2: Emerging Trends in the Global Current Sensor Market 
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Current Sensor Market 
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Current Sensor Market 
6.3.4: Certification and Licensing
 
7. Company Profiles of Leading Players
7.1: Allegro MicroSystems  
7.2: TDK  
7.3: Infineon Technologies  
7.4: Melexis NV  
7.5: Honeywell  
  
 
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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