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Bizwit Research & Consulting LLP is a global provider of business intelligence & consulting services. We have a strong primary base of key industry leaders along with the chain of industry analysts to analyze the market trends and its future impact in order to estimates and forecast different business segments and markets. 

Global Current SensorMarket to reach USD 4.26 billion by 2027.

Global Current SensorMarket Size study, byLoop Type (Open Loop, Closed Loop) by Technology (Isolated Current Sensor, Non-isolated Current Sensor) by Output Type (Analog, Digital) by End-user(Automotive, Consumer Electronics, Telecom & Networking, Healthcare, Industrial, Energy, Others)and Regional Forecasts 2021-2027

Product Code: ICTNGT-80346199
Publish Date: 5-07-2021
Page: 200

Global Current SensorMarket is valued approximately USD 2.08 billion in 2020 and is anticipated to grow with a healthy growth rate of more than 10.8% over the forecast period 2021-2027. The electronic gadgets that monitor the passage of current through wiring are known as current sensors. The global market is being fueled by the increased usage of energy management systems in data centers for enhanced speed and efficiency with lower power consumption, as well as the necessity for accurate results. As an illustration, Allegro Micro Systems (US) broadened its Coreless Current Sensor Portfolio in March 2021 by launching the ACS37610, an innovative coreless Hall-effect current sensor with greater sensitivity and accuracy, supplemental fault detection functionality, and user reconfiguration for demanding industrial and marine systems.Hybrid and electric vehicles are growing rapidly because they are more connected to the internet than traditional vehicles. Additionally, they limit the usage of fossil fuels such as gasoline and diesel, which reduces global warming and environmental damage, and they provide superior fuel efficiency, which stimulates overall growth. For example, in April 2019, Allegro Micro Systems released the AEC-Q100, an energy-efficient automobiles Hall effect sensor IC for electric vehicle adapters, DC-DC conversions, and commercial motors.However, the market’s expansion would be hampered by irregularities in the strength of magnetic field generated by current sensors. Because of the low cost of materials, there is intense competition, making it difficult for new companies to get into the marketplace. Variations in availability of raw materials due to supply chain disruptions may pose a danger to the overall market development.Also, robotic arms are in great demand in production because of the increased adoption of cutting-edge technology such as the industrial internet of things (IIoT) and cloud computing. Capacitive sensor technologies for circuits, DC motors, and services that measure precise power requirements and robot performances are required for these industrial robots. As a result, the current sensor market demand is being fueled by the growing usage of robotic systems.

Due to the increased needs of current sensors for expanding industry application forms, and because of the presence of different tier 2 and 3 producers in the region, North America is expected to hold its major share of the market. The implementation of mobile home and smart city developments is widespread in the region, resulting in the growth of a variety of electronic systems such as lighting management, HVAC control, home healthcare equipment, home appliances, portable devices, entertainment systems, and others. The adoption of these devices will result in a greater installation of Battery Management Systems (BMS) and electronic safety features, providing an opportunity for the business in the regulatory area.Due to the increasing electricity and power management solutions employing Hall effect current embedded sensors in China, India, and South Korea, Asia-Pacific is expected to expand at the fastest CAGR throughout the projected timeframe. Furthermore, Asia-Pacific has a significant presence in the major consumers/end-use industries of automobiles, consumer devices, medical, and transit, which is projected to drive significant growth for current sensors.

Major market player included in this report are:
Asahi Kasei Microdevices
Allegro MicroSystems
TDK Corporation
LEM International
Infineon Technologies
Tamura Corp.
Texas Instruments

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
ByLoop Type:
Open Loop
Closed Loop
Isolated Current Sensor
Non-isolated Current Sensor
By Output Type:
By End-user:
Consumer Electronics
Telecom & Networking

By Region:
North America

Asia Pacific
South Korea
Latin America
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2018, 2019
Base year – 2020
Forecast period – 2021 to 2027

Target Audience of the Global Current Sensor Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2027 (USD Billion)
1.2.1. Current Sensor Market, by Region, 2019-2027 (USD Billion)
1.2.2. Current Sensor Market, by Loop Type,2019-2027 (USD Billion)
1.2.3. Current Sensor Market, by Technology,2019-2027 (USD Billion)
1.2.4. Current Sensor Market, by Output Type,2019-2027 (USD Billion)
1.2.5. Current Sensor Market, by End User,2019-2027 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Current Sensor Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Current Sensor Market Dynamics
3.1. Current Sensor Market Impact Analysis (2019-2027)
3.1.1. Market Drivers Increased usage of energy management systems in data centers Increasing adoption of hybrid and electric vehicles
3.1.2. Market Challenges Irregularities in the strength of magnetic field generated by current sensors
3.1.3. Market Opportunities Growing usage of robotic systems
Chapter 4. Global Current Sensor Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.1.6. Futuristic Approach to Porter’s 5 Force Model (2018-2027)
4.2. PEST Analysis
4.2.1. Political
4.2.2. Economical
4.2.3. Social
4.2.4. Technological
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Current Sensor Market, by Loop Type
5.1. Market Snapshot
5.2. Global Current Sensor Market by Loop Type, Performance – Potential Analysis
5.3. Global Current Sensor Market Estimates & Forecasts by Loop Type2018-2027 (USD Billion)
5.4. Current Sensor Market, Sub Segment Analysis
5.4.1. Open Loop
5.4.2. Closed Loop
Chapter 6. Global Current Sensor Market, by Technology
6.1. Market Snapshot
6.2. Global Current Sensor Market by Technology, Performance – Potential Analysis
6.3. Global Current Sensor Market Estimates & Forecasts by Technology2018-2027 (USD Billion)
6.4. Current Sensor Market, Sub Segment Analysis
6.4.1. Isolated current sensor
6.4.2. Non-isolated current sensor
Chapter 7. Global Current Sensor Market, by Output Type
7.1. Market Snapshot
7.2. Global Current Sensor Market by Output Type, Performance – Potential Analysis
7.3. Global Current Sensor Market Estimates & Forecasts by Output Type 2018-2027 (USD Billion)
7.4. Current Sensor Market, Sub Segment Analysis
7.4.1. Analog
7.4.2. Digital
Chapter 8. Global Current Sensor Market, by End User
8.1. Market Snapshot
8.2. Global Current Sensor Market by End User, Performance – Potential Analysis
8.3. Global Current Sensor Market Estimates & Forecasts by End User 2018-2027 (USD Billion)
8.4. Current Sensor Market, Sub Segment Analysis
8.4.1. Automotive
8.4.2. Consumer Electronics
8.4.3. Telecom & Networking
8.4.4. Healthcare
8.4.5. Industrial
8.4.6. Energy
8.4.7. Others

Chapter 9. Global Current Sensor Market, Regional Analysis
9.1. Current Sensor Market, Regional Market Snapshot
9.2. North America Current Sensor Market
9.2.1. U.S. Current Sensor Market Loop Type breakdown estimates & forecasts, 2018-2027 Technology breakdown estimates & forecasts, 2018-2027 Output Technology breakdown estimates & forecasts, 2018-2027 End –user breakdown estimates & forecasts, 2018-2027
9.2.2. Canada Current Sensor Market
9.3. Europe Current Sensor Market Snapshot
9.3.1. U.K. Current Sensor Market
9.3.2. Germany Current Sensor Market
9.3.3. France Current Sensor Market
9.3.4. Spain Current Sensor Market
9.3.5. Italy Current Sensor Market
9.3.6. Rest of Europe Current Sensor Market
9.4. Asia-Pacific Current Sensor Market Snapshot
9.4.1. China Current Sensor Market
9.4.2. India Current Sensor Market
9.4.3. Japan Current Sensor Market
9.4.4. Australia Current Sensor Market
9.4.5. South Korea Current Sensor Market
9.4.6. Rest of Asia Pacific Current Sensor Market
9.5. Latin America Current Sensor Market Snapshot
9.5.1. Brazil Current Sensor Market
9.5.2. Mexico Current Sensor Market
9.6. Rest of The World Current Sensor Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Asahi Kasei Microdevices Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. ACEINNA
10.2.3. Melexis
10.2.4. Allegro MicroSystems
10.2.5. TDK Corporation
10.2.6. LEM International
10.2.7. Infineon Technologies
10.2.8. Tamura Corp.
10.2.9. Texas Instruments
10.2.10. Honeywell
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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