Current Sensor Market Size By Type (Closed Loop, Open Loop), By Technology (Hall Effect, Shunt, Fluxgate, Magneto Resistive), By Application (Motor Drive, Converter & Inverter, Battery Management, Uninterrupted Power Supply (UPS) & Switched-Mode Power Sup

Current Sensor Market Size By Type (Closed Loop, Open Loop), By Technology (Hall Effect, Shunt, Fluxgate, Magneto Resistive), By Application (Motor Drive, Converter & Inverter, Battery Management, Uninterrupted Power Supply (UPS) & Switched-Mode Power Supply (SMPS), Starter & Generators, Grid Infrastructure), By End-use (Automotive, Consumer Electronics, Industrial, Healthcare, Telecom, Renewable Energy), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 - 2030

The global current sensor market is poised to exhibit substantial growth through 2030. The rapid adoption of industrial automation technologies such as artificial intelligence (AI), robotics, and the Internet of Things (IoT) will offer lucrative business scope for current sensor manufacturers.

These components are extensively used in advanced systems such as smart meters, automatic cranes, robots, and conveyor belts. Robots and robotic systems largely use current sensors for sensing applications to ensure high functional capabilities along with meeting power requirements. The global unit sale of current sensors was valued at 1 billion units in 2021.

Increasing focus on the integration of robots and autonomous systems in different industry verticals is encouraging manufacturers to focus on innovative product development. Allegro MicroSystems, Inc., Honeywell International Inc., Infineon Technologies AG, Omron Corporation, TDK Corporation Melexis, TAMURA Corporation, Texas Instruments Incorporated, STMicroelectronics N.V., and LEM International SA are few of the leading industry players making promising advancements.

In July 2022, Melexis introduced a new current sensing simulator to simplify the development and implementation of current sensing solutions with its proprietary IMC-Hall® technology. The tool offers accurate and contact-free current measurement across a wide range of industrial as well as automotive applications.

Based on type, the industry is fragmented into closed-loop and open-loop. Among these, the closed-loop current sensor market was valued at USD 1 billion in 2021. These components will witness considerable demand driven by rising deployment of robotics, and power supplies across industrial applications. They offer accurate measurement of AC & DC currents, quick response, high linearity, and low-temperature drifts, attributing to the surging popularity of closed-loop sensors.

In terms of technology, the current sensor industry share from fluxgate technology is projected to exhibit 6% CAGR between 2022 and 2030. The growth can be attributed to increasing dependence on advanced diagnostic and medical equipment across healthcare facilities and institutes. MRI and CT scanners are widely used in ultrasonography, lithotripsy, echocardiography, arteriosclerosis, and other applications, and are integrated with fluxgate sensors for higher accuracy output.

With respect to applications, the industry is segregated into battery management, motor drive, converter & inverter, UPS SMPS, grid infrastructure, starters & generators, and others. In 2021, UPS & SMPS applications accounted for USD 400 million of the global current sensor market value. These components are gaining traction in UPS and SMPS applications owing to their growing use in data centers along with the telecommunication and BFSI sectors. Advanced technologies are being incorporated into UPS and SMPS for transforming them from earlier bulky to more compact rack sizes.

From a regional perspective, Europe current sensor market share accounted for more than 20% in 2021. The region is emerging as a lucrative business landscape, given the rising implementation of next-generation technologies such as Industrial IoT and cloud computing. Industrial robots are widely used across circuit & DC motor current detection applications to accurately determine power requirements and functions of robots. Demand for such robots in the manufacturing sector may accelerate the adoption of current sensors across Europe.


Chapter 1 Methodology and Scope
1.1 Scope & definitions
1.2 Methodology and Forecast
1.3 Region-wise COVID-19 impact analysis:
1.3.1 North America
1.3.2 Europe
1.3.3 Asia Pacific
1.3.4 Latin America
1.3.5 Middle East & Africa
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.5 Industry glossary
Chapter 2 Executive Summary
2.1 Current sensor industry 360 degree synopsis, 2018 – 2030
2.1.1 Business trends
2.1.2 Regional trends
2.1.3 Type trends
2.1.4 Technology trends
2.1.5 Application trends
2.1.6 End-use trends
Chapter 3 Industry Insights
3.1 Introduction
3.2 Impact of COVID-19 outbreak
3.2.1 Global outlook
3.2.2 Impact by region
3.2.2.1 North America
3.2.2.2 Europe
3.2.2.3 Asia Pacific
3.2.2.4 Latin America
3.2.2.5 MEA
3.2.3 Industry value chain
3.2.3.1 Research & development
3.2.3.2 Manufacturing
3.2.3.3 Marketing
3.2.3.4 Supply
3.2.4 Impact by competitive landscape
3.2.4.1 Strategy
3.2.4.2 Distribution network
3.2.4.3 Business growth
3.3 Impact of Russia-Ukraine war on industry
3.3.1 Response of global enterprises
3.3.2 Region-wise response on the Russia-Ukraine crisis
3.4 Current sensor industry ecosystem analysis
3.4.1 Raw material and component suppliers
3.4.2 Manufacturers
3.4.3 Distribution channel analysis
3.4.4 End users
3.4.5 Vendor matrix
3.5 Technology & innovation landscape
3.5.1 Contactless current sensor
3.5.2 Superconducting Quantum Interference Devices (SQUID) current sensor
3.5.3 Comparison between different current sensor technologies
3.6 Regulatory landscape
3.6.1 International standards
3.6.1.1 IEEE 2700-2017
3.6.1.2 IEC 61508
3.6.1.3 IEC 60068
3.6.1.4 IEEE 1613.1-2013
3.6.1.5 ISO/PAS 19363:2017
3.6.1.6 ISO 9001
3.6.2 North America
3.6.2.1 National Institute of Standards and Technology (NIST)
3.6.2.2 Canadian Standard Associations (CSA)
3.6.2.3 Code of Federal Regulation 1010
3.6.2.4 OSHA
3.6.3 Europe
3.6.3.1 CE Compliant
3.6.3.2 The Restriction of Hazardous Substances Directive 2002/95/EC
3.6.3.3 WEEE Directive
3.6.4 Asia Pacific
3.6.4.1 KC Certification
3.6.4.2 The China Certification and Accreditation Administration (CNCA)
3.6.4.3 CCC Mark
3.6.4.4 SNI Mark for Indonesia
3.6.5 Latin America
3.6.5.1 UNIT ISO/IEC 27000
3.6.5.2 . IEEE P2510
3.6.5.3 Latin America UNIDO E-Waste program
3.6.5.4 Restriction of Hazardous Substances in Electrical and Electronic Equipment (SASO Technical Regulation)
3.6.6 MEA
3.6.6.1 South African Bureau of Standards (SABS) and the Independent Communications Authority of South Africa (ICASA)
3.6.6.2 Restriction of Hazardous Substances in Electrical and Electronic Equipment (SASO Technical Regulation)
3.6.6.3 International and Communication Technology Agency (ICTA)
3.6.6.4 G-Mark LVE
3.7 Industry impact forces
3.7.1 Growth drivers
3.7.1.1 Increasing demand for electric and hybrid vehicles globally
3.7.1.2 Rise in industrial automation trends
3.7.1.3 Rising trend toward the use of renewable energy in electricity generation
3.7.1.4 Proliferation of 5G base stations in Asia Pacific
3.7.2 Pitfalls & challenges
3.7.2.1 High costs and technical issues associated with current sensors
3.8 Investment portfolio
3.9 Growth potential analysis
3.10 Porter’s analysis
3.10.1 Bargaining power of suppliers
3.10.2 Bargaining power of buyers
3.10.3 Threat of new entrants
3.10.4 Threat of substitutes
3.10.5 Industry rivalry
3.11 Pestel analysis
3.11.1 Political
3.11.2 Economic
3.11.3 Social
3.11.4 Technological
3.11.5 Environmental
3.11.6 Legal
Chapter 4 Competitive Landscape, 2021
4.1 Introduction
4.2 Company Market Share, 2021
4.3 Competitive analysis of key major market players, 2021
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.
4.4 Competitive analysis of prominent players, 2021
4.4.1 Melexis
4.4.2 TAMURA Corporation
4.4.3 Texas Instrument Incorporated
4.4.4 STMicroelectronics N.V.
4.4.5 LEM International SA
4.5 Vendor adoption matrix
Chapter 5 Current Sensor Market, By Type
5.1 Current sensor market share, by type, 2021 & 2030
5.2 Closed loop
5.2.1 Market estimates & forecast, 2018-2030
5.3 Open Loop
5.3.1 Market estimates & forecast, 2018-2030
Chapter 6 Current Sensor Market, By Technology
6.1 Key trends by technology
6.2 Hall-effect
6.2.1 Market estimates and forecast, 2018 – 2030
6.2.2 Market estimates and forecast, by application, 2018 – 2030
6.3 Shunt
6.3.1 Market estimates and forecast, 2018 – 2030
6.3.2 Market estimates and forecast, by application, 2018 – 2030
6.4 Fluxgate
6.4.1 Market estimates and forecast, 2018 – 2030
6.4.2 Market estimates and forecast, by application, 2018 – 2030
6.5 Magneto-resistive
6.5.1 Market estimates and forecast, 2018 – 2030
6.5.2 Market estimates and forecast, by application, 2018 – 2030
Chapter 7 Current Sensor Market, By Application
7.1 Key trends by application
7.2 Motor drive
7.2.1 Market estimates and forecast, 2018 – 2030
7.3 Converter & inverter
7.3.1 Market estimates and forecast, 2018 – 2030
7.4 Battery management
7.4.1 Market estimates and forecast, 2018 – 2030
7.5 UPS & SMPS
7.5.1 Market estimates and forecast, 2018 – 2030
7.6 Others
7.6.1 Market estimates and forecast, 2018 – 2030
Chapter 8 Current Sensor Market, By End-Use
8.1 Key trends, by end-use
8.2 Automotive
8.2.1 Market estimates and forecast, 2018 – 2030
8.2.2 Market estimates and forecast, by technology, 2018 – 2030
8.3 Consumer electronics
8.3.1 Market estimates and forecast, 2018 – 2030
8.3.2 Market estimates and forecast, by technology, 2018 – 2030
8.4 Industrial
8.4.1 Market estimates and forecast, 2018 – 2030
8.4.2 Market estimates and forecast, by technology, 2018 – 2030
8.5 Healthcare
8.5.1 Market estimates and forecast, 2018 – 2030
8.5.2 Market estimates and forecast, by technology, 2018 – 2030
8.6 Telecom
8.6.1 Market estimates and forecast, 2018 – 2030
8.6.2 Market estimates and forecast, by technology, 2018 – 2030
8.7 Others
8.7.1 Market estimates and forecast, 2018 – 2030
8.7.2 Market estimates and forecast, by technology, 2018 – 2030
Chapter 9 Current Sensor Market, By Region
9.1 Key trends, by region
9.2 North America
9.2.1 Market estimates and forecast, 2018 – 2030
9.2.2 Market estimates and forecast, by type, 2018 – 2030
9.2.3 Market estimates and forecast, by technology, 2018 – 2030
9.2.4 Market estimates and forecast, by application, 2018 – 2030
9.2.5 Market estimates and forecast, by end-use, 2018 – 2030
9.2.6 U.S.
9.2.6.1 Market estimates and forecast, 2018 – 2030
9.2.6.2 Market estimates and forecast, by type, 2018 – 2030
9.2.6.3 Market estimates and forecast, by technology, 2018 – 2030
9.2.6.4 Market estimates and forecast, by application, 2018 – 2030
9.2.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.2.7 Canada
9.2.7.1 Market estimates and forecast, 2018 – 2030
9.2.7.2 Market estimates and forecast, by type, 2018 – 2030
9.2.7.3 Market estimates and forecast, by technology, 2018 – 2030
9.2.7.4 Market estimates and forecast, by application, 2018 – 2030
9.2.7.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3 Europe
9.3.1 Market estimates and forecast, 2018 – 2030
9.3.2 Market estimates and forecast, by type, 2018 – 2030
9.3.3 Market estimates and forecast, by technology, 2018 – 2030
9.3.4 Market estimates and forecast, by application, 2018 – 2030
9.3.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.6 UK
9.3.6.1 Market estimates and forecast, 2018 – 2030
9.3.6.2 Market estimates and forecast, by type, 2018 – 2030
9.3.6.3 Market estimates and forecast, by technology, 2018 – 2030
9.3.6.4 Market estimates and forecast, by application, 2018 – 2030
9.3.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.7 Germany
9.3.7.1 Market estimates and forecast, 2018 – 2030
9.3.7.2 Market estimates and forecast, by type, 2018 – 2030
9.3.7.3 Market estimates and forecast, by technology, 2018 – 2030
9.3.7.4 Market estimates and forecast, by application, 2018 – 2030
9.3.7.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.8 France
9.3.8.1 Market estimates and forecast, 2018 – 2030
9.3.8.2 Market estimates and forecast, by type, 2018 – 2030
9.3.8.3 Market estimates and forecast, by technology, 2018 – 2030
9.3.8.4 Market estimates and forecast, by application, 2018 – 2030
9.3.8.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.9 Italy
9.3.9.1 Market estimates and forecast, 2018 – 2030
9.3.9.2 Market estimates and forecast, by type, 2018 – 2030
9.3.9.3 Market estimates and forecast, by technology, 2018 – 2030
9.3.9.4 Market estimates and forecast, by application, 2018 – 2030
9.3.9.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.10 Spain
9.3.10.1 Market estimates and forecast, 2018 – 2030
9.3.10.2 Market estimates and forecast, by type, 2018 – 2030
9.3.10.3 Market estimates and forecast, by technology, 2018 – 2030
9.3.10.4 Market estimates and forecast, by application, 2018 – 2030
9.3.10.5 Market estimates and forecast, by end-use, 2018 – 2030
9.3.11 Russia
9.3.11.1 Market estimates and forecast, 2018 – 2030
9.3.11.2 Market estimates and forecast, by type, 2018 – 2030
9.3.11.3 Market estimates and forecast, by battery capacity, 2018 – 2030
9.3.11.4 Market estimates and forecast, by seating capacity, 2018 – 2030
9.3.11.5 Market estimates and forecast, by application, 2018 – 2030
9.4 Asia Pacific
9.4.1 Market estimates and forecast, 2018 – 2030
9.4.2 Market estimates and forecast, by type, 2018 – 2030
9.4.3 Market estimates and forecast, by technology, 2018 – 2030
9.4.4 Market estimates and forecast, by application, 2018 – 2030
9.4.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.6 China
9.4.6.1 Market estimates and forecast, 2018 – 2030
9.4.6.2 Market estimates and forecast, by type, 2018 – 2030
9.4.6.3 Market estimates and forecast, by technology, 2018 – 2030
9.4.6.4 Market estimates and forecast, by application, 2018 – 2030
9.4.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.7 India
9.4.7.1 Market estimates and forecast, 2018 – 2030
9.4.7.2 Market estimates and forecast, by type, 2018 – 2030
9.4.7.3 Market estimates and forecast, by technology, 2018 – 2030
9.4.7.4 Market estimates and forecast, by application, 2018 – 2030
9.4.7.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.8 Japan
9.4.8.1 Market estimates and forecast, 2018 – 2030
9.4.8.2 Market estimates and forecast, by type, 2018 – 2030
9.4.8.3 Market estimates and forecast, by technology, 2018 – 2030
9.4.8.4 Market estimates and forecast, by application, 2018 – 2030
9.4.8.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.9 South Korea
9.4.9.1 Market estimates and forecast, 2018 – 2030
9.4.9.2 Market estimates and forecast, by type, 2018 – 2030
9.4.9.3 Market estimates and forecast, by technology, 2018 – 2030
9.4.9.4 Market estimates and forecast, by application, 2018 – 2030
9.4.9.5 Market estimates and forecast, by end-use, 2018 – 2030
9.4.10 Australia
9.4.10.1 Market estimates and forecast, 2018 – 2030
9.4.10.2 Market estimates and forecast, by type, 2018 – 2030
9.4.10.3 Market estimates and forecast, by technology, 2018 – 2030
9.4.10.4 Market estimates and forecast, by application, 2018 – 2030
9.4.10.5 Market estimates and forecast, by end-use, 2018 – 2030
9.5 Latin America
9.5.1 Market estimates and forecast, 2018 – 2030
9.5.2 Market estimates and forecast, by type, 2018 – 2030
9.5.3 Market estimates and forecast, by technology, 2018 – 2030
9.5.4 Market estimates and forecast, by application, 2018 – 2030
9.5.5 Market estimates and forecast, by end-use, 2018 – 2030
9.5.6 Brazil
9.5.6.1 Market estimates and forecast, 2018 – 2030
9.5.6.2 Market estimates and forecast, by type, 2018 – 2030
9.5.6.3 Market estimates and forecast, by technology, 2018 – 2030
9.5.6.4 Market estimates and forecast, by application, 2018 – 2030
9.5.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.5.7 Mexico
9.5.7.1 Market estimates and forecast, 2018 – 2030
9.5.7.2 Market estimates and forecast, by type, 2018 – 2030
9.5.7.3 Market estimates and forecast, by technology, 2018 – 2030
9.5.7.4 Market estimates and forecast, by application, 2018 – 2030
9.5.7.5 Market estimates and forecast, by end-use, 2018 – 2030
9.6 MEA
9.6.1 Market estimates and forecast, 2018 – 2030
9.6.2 Market estimates and forecast, by type, 2018 – 2030
9.6.3 Market estimates and forecast, by technology, 2018 – 2030
9.6.4 Market estimates and forecast, by application, 2018 – 2030
9.6.5 Market estimates and forecast, by end-use, 2018 – 2030
9.6.6 GCC
9.6.6.1 Market estimates and forecast, 2018 – 2030
9.6.6.2 Market estimates and forecast, by type, 2018 – 2030
9.6.6.3 Market estimates and forecast, by technology, 2018 – 2030
9.6.6.4 Market estimates and forecast, by application, 2018 – 2030
9.6.6.5 Market estimates and forecast, by end-use, 2018 – 2030
Chapter 10 Company Profiles
10.1 Aceinna
10.1.1 Business overview
10.1.2 Financial data
10.1.3 Product landscape
10.1.4 Go-to-market strategy
10.1.5 SWOT analysis
10.2 Allegro MicroSystems, Inc.
10.2.1 Business overview
10.2.2 Financial data
10.2.3 Product landscape
10.2.4 Go-to-market strategy
10.2.5 SWOT analysis
10.3 Asahi Kasei Microdevices Corporation
10.3.1 Business overview
10.3.2 Financial data
10.3.3 Product landscape
10.3.4 Go-to-market strategy
10.3.5 SWOT analysis
10.4 CUI Devices
10.4.1 Business overview
10.4.2 Financial data
10.4.3 Product landscape
10.4.4 Go-to-market strategy
10.4.5 SWOT analysis
10.5 Harting Technology Group.
10.5.1 Business overview
10.5.2 Financial data
10.5.3 Product landscape
10.5.4 Go-to-market strategy
10.5.5 SWOT analysis
10.6 Honeywell International, Inc.
10.6.1 Business overview
10.6.2 Financial data
10.6.3 Product landscape
10.6.4 Go-to-market strategy
10.6.5 SWOT analysis
10.7 Infineon Technologies AG
10.7.1 Business overview
10.7.2 Financial data
10.7.3 Product landscape
10.7.4 Go-to-market strategy
10.7.5 SWOT analysis
10.8 Kohshin Electric Corporation
10.8.1 Business overview
10.8.2 Financial data
10.8.3 Product landscape
10.8.4 Go-to-market strategy
10.8.5 SWOT analysis
10.9 LEM International SA
10.9.1 Business overview
10.9.2 Financial Data
10.9.3 Product landscape
10.9.4 Go-to-market strategy
10.9.5 SWOT analysis
10.10 Littelfuse, Inc.
10.10.1 Business overview
10.10.2 Financial data
10.10.3 Product landscape
10.10.4 Go-to-market strategy
10.10.5 SWOT analysis
10.11 Melexis
10.11.1 Business overview
10.11.2 Financial data
10.11.3 Product landscape
10.11.4 Go-to-market strategy
10.11.5 SWOT analysis
10.12 NVE Corporation
10.12.1 Business overview
10.12.2 Financial data
10.12.3 Product landscape
10.12.4 Go-to-market strategy
10.12.5 SWOT analysis
10.13 Omron Corporation
10.13.1 Business overview
10.13.2 Financial data
10.13.3 Product landscape
10.13.4 Go-to-market strategy
10.13.5 SWOT analysis
10.14 ROHM Co., Ltd.
10.14.1 Business overview
10.14.2 Financial data
10.14.3 Product landscape
10.14.4 Go-to-market strategy
10.14.5 SWOT analysis
10.15 Sensitec GmbH
10.15.1 Business overview
10.15.2 Financial data
10.15.3 Product landscape
10.15.4 Go-to-market strategy
10.15.5 SWOT analysis
10.16 STMicroelectronics N.V.
10.16.1 Business overview
10.16.2 Financial data
10.16.3 Product landscape
10.16.4 Go-to-market strategy
10.16.5 SWOT analysis
10.17 TAMURA Corporation
10.17.1 Business Overview
10.17.2 Financial data
10.17.3 Product landscape
10.17.4 Go-to-market strategy
10.17.5 SWOT analysis
10.18 TDK Corporation
10.18.1 Business overview
10.18.2 Financial data
10.18.3 Product landscape
10.18.4 Go-to-market strategy
10.18.5 SWOT analysis
10.19 TE Connectivity
10.19.1 Business overview
10.19.2 Financial data
10.19.3 Product landscape
10.19.4 Go-to-market strategy
10.19.5 SWOT analysis
10.20 Texas Instruments Incorporated
10.20.1 Business overview
10.20.2 Financial data
10.20.3 Product landscape
10.20.4 Go-to-market strategy
10.20.5 SWOT analysis
10.21 VACUUMSCHMELZE GmbH & Co. KG.
10.21.1 Business overview
10.21.2 Financial data
10.21.3 Product landscape
10.21.4 Go-to-market strategy
10.21.5 SWOT analysis

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