Global Current Sensor Market – Industry Trends and Forecast to 2026

  • Semiconductors and Electronics
  • Upcoming Report
  • Apr 2019
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global Current Sensor Market By Type (1, 2), End-Use Industry (Consumer Electronics, Automotive, Energy, Healthcare, Industrial, Telecom & Networking, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)– Industry Trends and Forecast to 2026

Market Definition: Global Current Sensor Market

Current sensors are electronic sensing devices that are used in the detection of currents in wires, resulting in the generation of a signal in relation to that current. This signal is then used for analytical purposes or for displaying the current flowing through the wires.

Market Drivers: Global Current Sensor Market

  • Growth in adoption of battery-based power sources in appliances is one of the major factors driving the market growth
  • Increase in demand for current sensors which has been caused by the growth of various end-use industries and increased applications; this factor is expected to positively drive the growth of the market

Market Restraint:

  • Reduction in the prices of components used in the sensors making it a very competitive market and difficult for the entry of new manufacturers/players; this factor is expected to restrain the market growth

Segmentation: Global Current Sensor Market

  • By Type

    • 1

      • Open Loop
      • Closed Loop

    • 2

      • Isolated Current Sensors

        • Magnetic Current Sensors

          • Hall Effect Current Sensors
          • AMR Sensors
          • GMR Sensors
          • TMR Sensors
          • Fluxgate Sensors

        • Opto-Isolated Op Amp
        • Shunt-Isolated Op Amp

      • Non-Isolated Current Sensors

        • Current Sensing Amplifiers
        • Analog-To-Digital Converters

  • By End-Use Industry

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

  • By Geography

    • North America

      • US
      • Canada
      • Mexico

    • South America

      • Brazil
      • Argentina
      • Rest of South America

    • Europe

      • Germany
      • France
      • United Kingdom
      • Italy
      • Spain
      • Russia
      • Turkey
      • Belgium
      • Netherlands
      • Rest of Europe

    • Asia-Pacific

      • Japan
      • China
      • South Korea
      • India
      • Australia
      • Singapore
      • Malaysia
      • Indonesia
      • Thailand
      • Philippines
      • Rest of Asia-Pacific

    • Middle East and Africa

      • South Africa
      • Egypt
      • Saudi Arabia
      • United Arab Emirates
      • Israel
      • Rest of Middle East and Africa

Key Developments in the Market:

  • In April 2018, Allegro MicroSystems, LLC announced the launch of a technology platform “A-xMR”. This platform will enable the company to provide their broad portfolio of magnetic sensor integrated circuits to the various end-users.
  • In March 2017, TDK Corporation announced that its subsidiary TDK-Micronas GmbH had agreed to acquire ICsense NV. This acquisition will further enhance the growth potential of TDK Corporation and expand its product portfolios for sensors in different applications and end-uses. ICsense NV will operate as a subsidiary of TDK-Micronas GmbH.

Competitive Analysis

Global current sensor market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of current sensor market for global, Europe, North America, Asia-Pacific and South America.

Major Market Competitors/Players

Few of the major competitors currently present in the current sensor market are LEM International SA; ICE Components, Inc.; Magnesensor Technology; Sensitec GmbH; Melexis; TDK Corporation; Allegro MicroSystems, LLC; KOHSHIN ELECTRIC CORPORATION; VACUUMSCHMELZE GmbH & Co. KG; Asahi Kasei Microdevices Corporation.; Infineon Technologies AG; Silicon Laboratories; Aceinna; Honeywell International Inc.; TAMURA Corporation; Texas Instruments Incorporated; Pulse Electronics A Yageo Company; STMicroelectronics; Electrohms Pvt Ltd; OMRON Corporation and American Aerospace Controls.

Research Methodology

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.

The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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