Global Current Sensors for Automotive Market Growth 2023-2029

Global Current Sensors for Automotive Market Growth 2023-2029

A current sensor is a sensor that will measure the intensity of the current flowing in electrical conductors. Hybrid electric vehicles (HEV) and electric vehicles (EV) continue to gain share in the overall global automotive market. The battery management system (BMS) for these vehicles carries out the important tasks of keeping the battery operating inside the safe operating area (SOA), monitoring power distribution, and keeping track of the state of charge (SoC). When the battery is the main source of energy for systems in HEVs/EVs, it is essential to have information about its charging and discharging cycles. Current sensors are the main source of information for charging and discharging cycle information by reporting the status of battery SOH to the battery management system. They may be located onboard or externally. For a typical battery, current sensors measure the current flowing into (when charging) or out of (when discharging) the battery.

LPI (LP Information)' newest research report, the “Current Sensors for Automotive Industry Forecast” looks at past sales and reviews total world Current Sensors for Automotive sales in 2022, providing a comprehensive analysis by region and market sector of projected Current Sensors for Automotive sales for 2023 through 2029. With Current Sensors for Automotive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Current Sensors for Automotive industry.

This Insight Report provides a comprehensive analysis of the global Current Sensors for Automotive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Current Sensors for Automotive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Current Sensors for Automotive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Current Sensors for Automotive and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Current Sensors for Automotive.

The global Current Sensors for Automotive market size is projected to grow from US$ 394.2 million in 2022 to US$ 1162.2 million in 2029; it is expected to grow at a CAGR of 1162.2 from 2023 to 2029.

Global key players of current sensors for automotive include LEM Holding SA, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, Honeywell International Inc., etc. The top five players hold a share over 57%. Europe is the largest producer of current sensors for automotive, holds a share over 32 percent. In terms of product type, Hall Based Current Sensor is the largest segment, occupied for a share of 60%, and in terms of application, Gas Vehicle has a share about 58 percent.

This report presents a comprehensive overview, market shares, and growth opportunities of Current Sensors for Automotive market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type
Hall Based Current Sensor
Shunt Based Current Sensor
Others

Segmentation by application
Gas Vehicle
Electric Vehicle

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
LEM Holding SA
Allegro Microsystems, LLC
Melexis NV
TDK Micronas
Honeywell International Inc.
Robert Bosch GmbH
DENSO
Continental
Kohshin Electric Corporation
Infineon
Nicera
BYD
CRRC
Sinomags Electrical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Current Sensors for Automotive market?

What factors are driving Current Sensors for Automotive market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Current Sensors for Automotive market opportunities vary by end market size?

How does Current Sensors for Automotive break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.