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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1276230

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PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1276230

Current Sensor Market - By Type, By Technology, By Application, Starter & Generators, Grid Infrastructure), By End-use, & Forecast, 2023 - 2032

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Global Current Sensor Market is poised to record significant growth from 2023 to 2032 owing to the increasing use of renewable energy for electricity generation. Renewable energy is clean, economical, and infinite, with wind and solar energy being commonly used to generate power. Growing environmental concerns, coupled with a tremendous rise in global energy consumption, have fostered the adoption of renewable energy sources. Furthermore, the growing use of renewable energy in several nations will promote the growth of Hall effect technology in the present sensor industry.

An increasing number of government programs and investments focused on promoting the sales of EVs for environmental preservation will provide new development prospects to the current sensor market.

Citing an instance, in May 2022, Continental, a prominent manufacturer of automotive parts, expanded its sensor line by introducing two new sensors for electric vehicles: the Current Sensor Module and the Battery Impact Detection system. Both new systems will focus on battery protection and/or battery parameter preservation.

The current sensor industry is segmented based on type, application, end-use, and region.

By type, the open-loop current sensor market gained significant momentum in 2022 and is poised to grow at more than 8% CAGR through 2032. The segment growth can be credited to the increased usage of this device to detect AC and DC currents without needing a feedback control loop. Open-loop current sensors are lightweight and compact, require minimal energy to operate, and consume power steadily. Such features are projected to increase their acceptance in a variety of applications, thus, driving segment growth in the long run.

The current sensor market from the battery management application segment accounted for a sizeable revenue share in 2022. High demand for electric cars is expected to drive the market's steady expansion through 2032. Battery management helps keep track of both the EV battery's charge and its overall health. In addition, it regulates the current supply to prevent overcharging and enforces maximum charge or discharge current limits based on temperature. Battery management is also utilized in electric charging stations to check battery status in real-time and prevent an explosion which is likely to supplement segment growth.

As per end-use, the market revenue from the industrial segment is anticipated to grow appreciably throughout 2023-2032, resulting from the development of improved automated solutions and the rising trend of automation technology in factories. In recent years, the increasing acceptance of industrial applications including automated guided vehicles, autonomous mobile robots, and machine tools such as compressors, conveyor control, fans, and pumps, will increase the usage of current sensors over the next ten years.

North America current sensor market is estimated to amass USD 3 billion by the end of 2032. Businesses across North America are rapidly adopting modern technologies and are inclining toward integrating AI and IoT technologies across the automotive sector. The market is foreseen to grow rapidly owing to the rising product demand across industrial and automotive sectors that require enhanced automated solutions such as driverless/autonomous cars, IoT-connected cars, and electric/hybrid vehicles.

Product Code: 4120

Table of Contents

Chapter 1 Methodology & Scope

  • 1.1 Market definitions
  • 1.2 Base estimates & calculations
  • 1.3 Forecast calculations
  • 1.4 Data Sources
    • 1.4.1 Primary
    • 1.4.2 Secondary
      • 1.4.2.1 Paid sources
      • 1.4.2.2 Public sources

Chapter 2 Executive Summary

  • 2.1 Current sensor industry 360 degree synopsis, 2018 - 2032
  • 2.2 Business trends
    • 2.2.1 Total Addressable Market (TAM), 2023 - 2032
  • 2.3 Regional trends
  • 2.4 Type trends
  • 2.5 Technology trends
  • 2.6 Application trends
  • 2.7 End-use trends

Chapter 3 Current Sensor Industry Insights

  • 3.1 COVID-19 impact
      • 3.1.1.1 North America
      • 3.1.1.2 Europe
      • 3.1.1.3 Asia Pacific
      • 3.1.1.4 Latin America
      • 3.1.1.5 Middle East & Africa
  • 3.2 Russia-Ukraine war impact
  • 3.3 Industry ecosystem analysis
    • 3.3.1 Raw material and component suppliers
    • 3.3.2 Manufacturers
    • 3.3.3 Distribution channel analysis
    • 3.3.4 End users
    • 3.3.5 Vendor matrix
  • 3.4 Technology & innovation landscape
    • 3.4.1 Contactless current sensor
    • 3.4.2 Superconducting Quantum Interference Devices (SQUID) current sensor
    • 3.4.3 Comparison between different current sensor technologies
  • 3.5 Patent analysis
  • 3.6 Key initiatives & news
  • 3.7 Regulatory landscape
  • 3.8 Industry Impact forces
    • 3.8.1 Growth drivers
      • 3.8.1.1 Increasing demand for electric and hybrid vehicles globally
      • 3.8.1.2 Rise in industrial automation trends
      • 3.8.1.3 Rising trend toward the use of renewable energy in electricity generation
      • 3.8.1.4. Proliferation of 5 G base stations in Asia Pacific
    • 3.8.2 Industry pitfalls & challenges
      • 3.8.2.1 High costs and technical issues associated with current sensors
  • 3.9 Growth potential analysis
  • 3.10 Porter's analysis
  • 3.11 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

  • 4.1 Introduction
  • 4.2 Company market share, 2022
  • 4.3 Competitive analysis of key market players, 2022
    • 4.3.1 Infineon Technologies AG
    • 4.3.2 Honeywell International, Inc.
    • 4.3.3 TDK Corporation
    • 4.3.4 Omron Corporation
    • 4.3.5 Allegro Microsystems, Inc.
    • 4.3.6 Melexis
    • 4.3.7 TAMURA Corporation
  • 4.4 Competitive positioning matrix
  • 4.5 Strategic outlook matrix

Chapter 5 Current Sensor Market, By Technology (Revenue & Shipments)

  • 5.1 Key trends, by technology
  • 5.2 Hall-effect
    • 5.2.1 Market estimates and forecast, 2018 - 2032
    • 5.2.2 Market estimates and forecast, by application, 2018-2032
  • 5.3 Shunt
    • 5.3.1 Market estimates and forecast, 2018 - 2032
    • 5.3.2 Market estimates and forecast, by application, 2018-2032
  • 5.4 Fluxgate
    • 5.4.1 Market estimates and forecast, 2018 - 2032
    • 5.4.2 Market estimates and forecast, by application, 2018-2032
  • 5.5 Magneto-resistive
    • 5.5.1 Market estimates and forecast, 2018 - 2032
    • 5.5.2 Market estimates and forecast, by application, 2018-2032

Chapter 6 Current Sensor Market, By Application (Revenue & Shipments)

  • 6.1 Key trends, by application
  • 6.2 Motor drive
    • 6.2.1 Market estimates and forecast, 2018 - 2032
  • 6.3 Converter & inverter
    • 6.3.1 Market estimates and forecast, 2018 - 2032
  • 6.4 Battery management
    • 6.4.1 Market estimates and forecast, 2018 - 2032
  • 6.5 UPS & SMPS
    • 6.5.1 Market estimates and forecast, 2018 - 2032
  • 6.6 Starter & generators
    • 6.6.1 Market estimates and forecast, 2018 - 2032
  • 6.7 Grid infrastructure
    • 6.7.1 Market estimates and forecast, 2018 - 2032
  • 6.8 Others
    • 6.8.1 Market estimates and forecast, 2018 - 2032

Chapter 7 Current Sensor Market, By End-Use (Revenue & Shipments)

  • 7.1 Key trends, by end-use
  • 7.2 Automotive
    • 7.2.1 Market estimates and forecast, 2018 - 2032
    • 7.2.2 Market estimates and forecast, by technology, 2018-2032
  • 7.3 Consumer electronics
    • 7.3.1 Market estimates and forecast, 2018 - 2032
    • 7.3.2 Market estimates and forecast, by technology, 2018-2032
  • 7.4 Industrial
    • 7.4.1 Market estimates and forecast, 2018 - 2032
    • 7.4.2 Market estimates and forecast, by technology, 2018-2032
  • 7.5 Healthcare
    • 7.5.1 Market estimates and forecast, 2018 - 2032
    • 7.5.2 Market estimates and forecast, by technology, 2018-2032
  • 7.6 Telecom
    • 7.6.1 Market estimates and forecast, 2018 - 2032
    • 7.6.2 Market estimates and forecast, by technology, 2018-2032
  • 7.7 Renewable energy
    • 7.7.1 Market estimates and forecast, 2018 - 2032
    • 7.7.2 Market estimates and forecast, by technology, 2018-2032
  • 7.8 Others
    • 7.8.1 Market estimates and forecast, 2018 - 2032
    • 7.8.2 Market estimates and forecast, by technology, 2018-2032

Chapter 8 Current Sensor Market, By Region (Revenue & Shipments)

  • 8.1 Key trends, by region
  • 8.2 North America
    • 8.2.1 Market estimates and forecast, 2018 - 2032
    • 8.2.2 Market estimates and forecast, by type, 2018 - 2032
    • 8.2.3 Market estimates and forecast, by technology, 2018 - 2032
    • 8.2.4 Market estimates and forecast, by application, 2018 - 2032
    • 8.2.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.2.6 U.S.
      • 8.2.6.1 Market estimates and forecast, 2018 - 2032
      • 8.2.6.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.2.6.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.2.6.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.2.6.5 Market estimates and forecast, by end-use, 2018 - 2032
      • 8.2.6.6
    • 8.2.7 Canada
      • 8.2.7.1 Market estimates and forecast, 2018 - 2032
      • 8.2.7.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.2.7.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.2.7.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.2.7.5 Market estimates and forecast, by end-use, 2018 - 2032
  • 8.3 Europe
    • 8.3.1 Market estimates and forecast, 2018 - 2032
    • 8.3.2 Market estimates and forecast, by type, 2018 - 2032
    • 8.3.3 Market estimates and forecast, by technology, 2018 - 2032
    • 8.3.4 Market estimates and forecast, by application, 2018 - 2032
    • 8.3.5 Market estimates and forecast, by end-use, 2018 - 2032 8.3.6. UK
      • 8.3.6.1 Market estimates and forecast, 2018 - 2032
      • 8.3.6.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.3.6.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.3.6.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.3.6.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.3.7 Germany
      • 8.3.7.1 Market estimates and forecast, 2018 - 2032
      • 8.3.7.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.3.7.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.3.7.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.3.7.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.3.8 France
      • 8.3.8.1 Market estimates and forecast, 2018 - 2032
      • 8.3.8.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.3.8.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.3.8.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.3.8.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.3.9 Italy
      • 8.3.9.1 Market estimates and forecast, 2018 - 2032
      • 8.3.9.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.3.9.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.3.9.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.3.9.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.3.10 Spain
      • 8.3.10.1 Market estimates and forecast, 2018 - 2032
      • 8.3.10.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.3.10.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.3.10.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.3.10.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.3.11 Russia
      • 8.3.11.1 Market estimates and forecast, 2018 - 2032
      • 8.3.11.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.3.11.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.3.11.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.3.11.5 Market estimates and forecast, by end-use, 2018 - 2032
  • 8.4 Asia Pacific
    • 8.4.1 Market estimates and forecast, 2018 - 2032
    • 8.4.2 Market estimates and forecast, by type, 2018 - 2032
    • 8.4.3 Market estimates and forecast, by technology, 2018 - 2032
    • 8.4.4 Market estimates and forecast, by application, 2018 - 2032
    • 8.4.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.4.6 China
      • 8.4.6.1 Market estimates and forecast, 2018 - 2032
      • 8.4.6.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.4.6.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.4.6.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.4.6.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.4.7 India
      • 8.4.7.1 Market estimates and forecast, 2018 - 2032
      • 8.4.7.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.4.7.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.4.7.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.4.7.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.4.8 Japan
      • 8.4.8.1 Market estimates and forecast, 2018 - 2032
      • 8.4.8.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.4.8.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.4.8.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.4.8.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.4.9 South Korea
      • 8.4.9.1 Market estimates and forecast, 2018 - 2032
      • 8.4.9.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.4.9.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.4.9.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.4.9.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.4.10 Australia
      • 8.4.10.1 Market estimates and forecast, 2018 - 2032
      • 8.4.10.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.4.10.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.4.10.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.4.10.5 Market estimates and forecast, by end-use, 2018 - 2032
  • 8.5 Latin America
    • 8.5.1 Market estimates and forecast, 2018 - 2032
    • 8.5.2 Market estimates and forecast, by type, 2018 - 2032
    • 8.5.3 Market estimates and forecast, by technology, 2018 - 2032
    • 8.5.4 Market estimates and forecast, by application, 2018 - 2032
    • 8.5.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.5.6 Brazil
      • 8.5.6.1 Market estimates and forecast, 2018 - 2032
      • 8.5.6.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.5.6.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.5.6.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.5.6.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.5.7 Mexico
      • 8.5.7.1 Market estimates and forecast, 2018 - 2032
      • 8.5.7.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.5.7.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.5.7.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.5.7.5 Market estimates and forecast, by end-use, 2018 - 2032
  • 8.6 MEA
    • 8.6.1 Market estimates and forecast, 2018 - 2032
    • 8.6.2 Market estimates and forecast, by type, 2018 - 2032
    • 8.6.3 Market estimates and forecast, by technology, 2018 - 2032
    • 8.6.4 Market estimates and forecast, by application, 2018 - 2032
    • 8.6.5 Market estimates and forecast, by end-use, 2018 - 2032
    • 8.6.6 GCC
      • 8.6.6.1 Market estimates and forecast, 2018 - 2032
      • 8.6.6.2 Market estimates and forecast, by type, 2018 - 2032
      • 8.6.6.3 Market estimates and forecast, by technology, 2018 - 2032
      • 8.6.6.4 Market estimates and forecast, by application, 2018 - 2032
      • 8.6.6.5 Market estimates and forecast, by end-use, 2018 - 2032

Chapter 9 Company Profiles

  • 9.1 Aceinna
    • 9.1.1 Business Overview
    • 9.1.2 Financial Data
    • 9.1.3 Product Landscape
    • 9.1.4 Strategic Outlook
    • 9.1.5 SWOT Analysis
  • 9.2 Allegro MicroSystems, Inc.
    • 9.2.1 Business Overview
    • 9.2.2 Financial Data
    • 9.2.3 Product Landscape
    • 9.2.4 Strategic Outlook
    • 9.2.5 SWOT Analysis
  • 9.3 Asahi Kasei Microdevices Corporation
    • 9.3.1 Business Overview
    • 9.3.2 Financial Data
    • 9.3.3 Product Landscape
    • 9.3.4 Strategic Outlook
    • 9.3.5 SWOT Analysis
  • 9.4 CUI Devices
    • 9.4.1 Business Overview
    • 9.4.2 Financial Data
    • 9.4.3 Product Landscape
    • 9.4.4 Strategic Outlook
    • 9.4.5 SWOT Analysis
  • 9.5 Harting Technology Group.
    • 9.5.1 Business Overview
    • 9.5.2 Financial Data
    • 9.5.3 Product Landscape
    • 9.5.4 Strategic Outlook
    • 9.5.5 SWOT Analysis
  • 9.6 Honeywell International, Inc.
    • 9.6.1 Business Overview
    • 9.6.2 Financial Data
    • 9.6.3 Product Landscape
    • 9.6.4 Strategic Outlook
    • 9.6.5 SWOT Analysis
  • 9.7 Infineon Technologies AG
    • 9.7.1 Business Overview
    • 9.7.2 Financial Data
    • 9.7.3 Product Landscape
    • 9.7.4 Strategic Outlook
    • 9.7.5 SWOT Analysis
  • 9.8 Kohshin Electric Corporation
    • 9.8.1 Business Overview
    • 9.8.2 Financial Data
    • 9.8.3 Product Landscape
    • 9.8.4 Strategic Outlook
    • 9.8.5 SWOT Analysis
  • 9.9 LEM International SA
    • 9.9.1 Business Overview
    • 9.9.2 Financial Data
    • 9.9.3 Product Landscape
    • 9.9.4 Strategic Outlook
    • 9.9.5 SWOT Analysis
  • 9.10 Littelfuse, Inc.
    • 9.10.1 Business Overview
    • 9.10.2 Financial Data
    • 9.10.3 Product Landscape
    • 9.10.4 Strategic Outlook
    • 9.10.5 SWOT Analysis
  • 9.11 Melexis
    • 9.11.1 Business Overview
    • 9.11.2 Financial Data
    • 9.11.3 Product Landscape
    • 9.11.4 Strategic Outlook
    • 9.11.5 SWOT Analysis
  • 9.12 NVE Corporation
    • 9.12.1 Business Overview
    • 9.12.2 Financial Data
    • 9.12.3 Product Landscape
    • 9.12.4 Strategic Outlook
    • 9.12.5 SWOT Analysis
  • 9.13 Omron Corporation
    • 9.13.1 Business Overview
    • 9.13.2 Financial Data
    • 9.13.3 Product Landscape
    • 9.13.4 Strategic Outlook
    • 9.13.5 SWOT Analysis
  • 9.14 ROHM Co., Ltd.
    • 9.14.1 Business Overview
    • 9.14.2 Financial Data
    • 9.14.3 Product Landscape
    • 9.14.4 Strategic Outlook
    • 9.14.5 SWOT Analysis
  • 9.15 Sensitec GmbH
    • 9.15.1 Business Overview
    • 9.15.2 Financial Data
    • 9.15.3 Product Landscape
    • 9.15.4 Strategic Outlook
    • 9.15.5 SWOT Analysis
  • 9.16 STMicroelectronics N.V.
    • 9.16.1 Business Overview
    • 9.16.2 Financial Data
    • 9.16.3 Product Landscape
    • 9.16.4 Strategic Outlook
    • 9.16.5 SWOT Analysis
  • 9.17 TAMURA Corporation
    • 9.17.1 Business Overview
    • 9.17.2 Financial Data
    • 9.17.3 Product Landscape
    • 9.17.4 Strategic Outlook
    • 9.17.5 SWOT Analysis
  • 9.18 TDK Corporation
    • 9.18.1 Business Overview
    • 9.18.2 Financial Data
    • 9.18.3 Product Landscape
    • 9.18.4 Strategic Outlook
    • 9.18.5 SWOT Analysis
  • 9.19 TE Connectivity
    • 9.19.1 Business Overview
    • 9.19.2 Financial Data
    • 9.19.3 Product Landscape
    • 9.19.4 Strategic Outlook
    • 9.19.5 SWOT Analysis
  • 9.20 Texas Instruments Incorporated
    • 9.20.1 Business Overview
    • 9.20.2 Financial Data
    • 9.20.3 Product Landscape
    • 9.20.4 Strategic Outlook
    • 9.20.5 SWOT Analysis
  • 9.21 VACUUMSCHMELZE GmbH & Co. KG.
    • 9.21.1 Business Overview
    • 9.21.2 Financial Data
    • 9.21.3 Product Landscape
    • 9.21.4 Strategic Outlook
    • 9.21.5 SWOT Analysis
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