Current Sensor Market, By Sensing Type, By Technology, By Geography

Description

Current Sensor Market is estimated to be valued at USD 3.42 Bn in 2025 and is expected to reach USD 6.75 Bn by 2032, growing at a compound annual growth rate (CAGR) of 10.2% from 2025 to 2032.

Report Coverage		Report Details
Base Year:	2024	Market Size in 2025:	USD 3.42 Bn
Historical Data for:	2020 To 2024	Forecast Period:	2025 To 2032
Forecast Period 2025 to 2032 CAGR:	10.20%	2032 Value Projection:	USD 6.75 Bn

The market includes devices designed to detect and measure electrical current flow in different applications in industrial, automotive, consumer electronics, and renewable energy sectors. Current sensors are used in power management systems, motor control applications, battery monitoring solutions, and energy efficiency optimization platforms, making possible precise measurement and control of electrical parameters.

These devices use different sensing technologies including Hall effect, magnetoresistive, Rogowski coil, and shunt-based mechanisms to deliver accurate current measurements while ensuring electrical isolation and safety compliance. The market includes both AC and DC current sensing solutions, ranging from low-current precision measurements in electronic circuits to high-current monitoring in industrial power systems and electric vehicle applications.

Market Dynamics

The market sees growth because of the fast adoption of electric vehicles and hybrid electric vehicles, which need sophisticated current monitoring systems for battery management, motor control, and charging infrastructure applications, creating a lot of demand for high-precision current sensing solutions. The rapid expansion of renewable energy installations, particularly solar and wind power systems, creates need for advanced current monitoring capabilities for power conversion, grid synchronization, and energy storage management, adding to market growth.

However, market growth faces restraints including the high cost of advanced current sensing technologies, particularly for high-precision and isolated sensors, which can limit adoption in cost-sensitive applications. Nevertheless, many opportunities exist in the expanding Internet of Things (IoT) ecosystem, where current sensors make possible smart energy management and remote monitoring capabilities in connected devices and infrastructure.

Key Features of the Study

This report provides in-depth analysis of the global current sensor market, and provides market size (USD Billion) and compound annual growth rate (CAGR%) for the forecast period (2025-2032), considering 2024 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global current sensor market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Analog Devices, Inc., Allegro MicroSystems, Asahi Kasei Microdevices, Infineon Technologies AG, Texas Instruments Inc., LEM Group, Melexis NV, Honeywell International Inc., ABB Ltd., Eaton Corporation plc, Sensitec GmbH, ACEINNA Inc., TDK Corporation, CR Magnetics Inc., and Microchip Technology Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global current sensor market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global current sensor market

Market Segmentation

Sensing Type Insights (Revenue, USD Bn, 2020 - 2032)
- Direct
- Indirect
Technology Insights (Revenue, USD Bn, 2020 - 2032)
- Hall Effect
- AMR
- GMR
- TMR
- Flux-Gate
- Current Sensing Amplifier
- Opto-Isolated
- Shunt-Isolated
Regional Insights (Revenue, USD Bn, 2020 - 2032)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Analog Devices, Inc.
- Allegro MicroSystems
- Asahi Kasei Microdevices
- Infineon Technologies AG
- Texas Instruments Inc.
- LEM Group
- Melexis NV
- Honeywell International Inc.
- ABB Ltd.
- Eaton Corporation plc
- Sensitec GmbH
- ACEINNA Inc.
- TDK Corporation
- CR Magnetics Inc.
- Microchip Technology Inc.

Product Code: CMI8337

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Global Current Sensor Market, By Sensing Type
- Global Current Sensor Market, By Technology
- Global Current Sensor Market, By Region

3. Market Dynamics, Regulations, and Trends Analysis

Market Dynamics
Impact Analysis
Key Highlights
Regulatory Scenario
Product Launches/Approvals
PEST Analysis
PORTER's Analysis
Market Opportunities
Regulatory Scenario
Key Developments
Industry Trends

4. Global Current Sensor Market, By Sensing Type, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Direct
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Indirect
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

5. Global Current Sensor Market, By Technology, 2020-2032, (USD Bn)

Introduction
- Market Share Analysis, 2025 and 2032 (%)
- Y-o-Y Growth Analysis, 2021 - 2032
- Segment Trends
Hall Effect
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
AMR
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
GMR
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
TMR
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Flux-Gate
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Current Sensing Amplifier
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Opto-Isolated
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)
Shunt-Isolated
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2020-2032, (USD Bn)

6. Global Current Sensor Market, By Region, 2020 - 2032, Value (USD Bn)

Introduction
- Market Share (%) Analysis, 2025, 2028 & 2032, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2021 - 2032, Value (USD Bn)
- Regional Trends
North America
- Introduction
- Market Size and Forecast, By Sensing Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - U.S.
  - Canada
Latin America
- Introduction
- Market Size and Forecast, By Sensing Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Introduction
- Market Size and Forecast, By Sensing Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - Germany
  - U.K.
  - Spain
  - France
  - Italy
  - Russia
  - Rest of Europe
Asia Pacific
- Introduction
- Market Size and Forecast, By Sensing Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - China
  - India
  - Japan
  - Australia
  - South Korea
  - ASEAN
  - Rest of Asia Pacific
Middle East
- Introduction
- Market Size and Forecast, By Sensing Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country, 2020 - 2032, Value (USD Bn)
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Introduction
- Market Size and Forecast, By Sensing Type, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Technology, 2020 - 2032, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2020 - 2032, Value (USD Bn)
  - South Africa
  - North Africa
  - Central Africa

7. Competitive Landscape

Analog Devices, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Allegro MicroSystems
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Asahi Kasei Microdevices
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Infineon Technologies AG
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Texas Instruments Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
LEM Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Melexis NV
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Honeywell International Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ABB Ltd.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Eaton Corporation plc
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Sensitec GmbH
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
ACEINNA Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
TDK Corporation
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
CR Magnetics Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
Microchip Technology Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies

8. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

9. References and Research Methodology

References
Research Methodology
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