The current sensor market is anticipated to grow at a CAGR of 8% during the forecast period. The rapidly increasing use of battery-powered and renewable energy applications drives the market. Smartphones, tablets, and other portable devices need smaller form factors and lower power consumption rates. A highly accurate, ultra-low-power solution for predicting remaining battery life and protecting the circuitry and Li+ battery from overcurrent conditions, the requirement of current sensors is high. Open-loop sensors are typically used in battery-powered applications. They require less power than closed-loop sensors and are better able to withstand overloads.
The current sensor market is fragmented, with several companies operating in the segment. Leading players are currently focusing on providing cost-competitive products to the customers, which caters to an intense rivalry in the market. Key players are Allegro MicroSystems, LLC, TDK Corporation, Infineon Technologies AG, etc.
1 INTRODUCTION 1.1 Study Assumptions and Market Definition 1.2 Scope of the Study 2 RESEARCH METHODOLOGY 3 EXECUTIVE SUMMARY 4 MARKET INSIGHTS 4.1 Market Overview 4.2 Industry Value Chain Analysis 4.3 Industry Attractiveness - Porter's Five Forces Analysis 4.3.1 Threat of New Entrants 4.3.2 Bargaining Power of Buyers 4.3.3 Bargaining Power of Suppliers 4.3.4 Threat of Substitute Products 4.3.5 Intensity of Competitive Rivalry 4.4 Assesment of the Impact of COVID-19 on the Market 5 MARKET DYNAMICS 5.1 Market Drivers 5.1.1 Increasing Use of Battery-Powered and Renewable Energy Applications 5.1.2 Large Scale Commercialization of IoT and IIoT 5.2 Market Restraints 5.2.1 Falling Average Selling Prices of Sensor Components Affecting New Market Entrants 6 MARKET SEGMENTATION 6.1 By Type 6.1.1 Hall Effect Sensors 6.1.1.1 Open Loop 6.1.1.2 Closed Loop 6.1.1.3 Other Types(Split Core Hall Effect Current Sensor) 6.1.2 Fiber Optic Current Sensors 6.1.3 Inductive Current Sensors 6.2 By End User 6.2.1 Automotive 6.2.2 Consumer Electronics 6.2.3 Telecom and Networking, 6.2.4 Medical 6.2.5 Energy and Power 6.2.6 Industrial 6.2.7 Other End Users 6.3 By Geography 6.3.1 North America 6.3.1.1 United States 6.3.1.2 Canada 6.3.2 Europe 6.3.2.1 Germany 6.3.2.2 United Kingdom 6.3.2.3 France 6.3.2.4 Rest of Europe 6.3.3 Asia-Pacific 6.3.3.1 India 6.3.3.2 China 6.3.3.3 Japan 6.3.3.4 Rest of Asia-Pacific 6.3.4 Rest of the World 6.3.4.1 Latin America 6.3.4.2 Middle East and Africa 7 COMPETITIVE LANDSCAPE 7.1 Company Profiles 7.1.1 Allegro MicroSystems LLC 7.1.2 TDK Corporation (TDK-Micronas GmbH) 7.1.3 Infineon Technologies AG 7.1.4 Melexis NV 7.1.5 Honeywell International Inc. 7.1.6 Asahi Kasei Microdevices Corporation 7.1.7 ABB Group 7.1.8 NK Technologies 7.1.9 Tamura Corporation 7.1.10 Vacuumschmelze GmbH & Co KG 8 INVESTMENT ANALYSIS 9 MARKET OPPORTUNITIES AND FUTURE TRENDS
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