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.
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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.
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- Market Coverage
- Market number available for – 2024-2031
- Base year- 2024
- Forecast period- 2024-2031
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Current Sensors Market by Loop Type
- Open Loop
- Closed Loop
Global Current Sensors Market by Technology
- Micro-electromechanical systems (MEMS)
- Hall-Effect
- Shunt
- Fluxgate
- Magneto Resistive
Global Current Sensors Market by Output Type
- Analog
- Digital
Global Current Sensors Market by Application
- Automotive
- Consumer Electronics
- Healthcare
- Industrial
- Energy
- Others (including Aerospace & Defense, Telecom & Networking)
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Latin America
- Middle-East & Africa
Company Profiles
- ACEINNA
- Asahi Kasei Microdevices Corp.
- Allegro MicroSystems, LLC
- Eaton Corporation PLC
- ELECTROHMS Pvt. Ltd.
- Honeywell International, Inc.
- ICE Components, Inc.
- Infineon Technologies AG
- KOHSHIN ELECTRIC Corp.
- LEM International SA
- Magnesensor Technology
- Melexis NV
- OMRON Corp.
- Pulse Electronics A Yageo Co.
- Sensitec GmbH
- Silicon Laboratories
- STMicroelectronics
- Tamura Corp.
- TDK Corp.
- Texas Instruments, Inc.
- TT Electronics Plc
- VACUUMSCHMELZE GmbH & Co. KG
The Report Covers
- 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.
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