Current Sensor Market: Key Trends and Opportunities 2026
The research report on current sensor market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.
Shifting trends towards factory automation with the advent of industry 4.0 along with demand for power management systems will drive current sensor market outlook. Current sensors are used in a variety of applications. In some devices, current sensors are used for control system diagnosis, power metering, the control of complex loads from electric motors and current supply measurement. While in others it is used for condition monitoring of rechargeable batteries and charge integration.
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Increasing application scope of current sensors in battery management within electric vehicles, automotive circuit protection systems, and EV-charging systems in the automotive sector would outline the market growth from battery management application segment.
The rising number of vehicles that incorporate rechargeable batteries; including PHEVs (Plug-in Hybrid Vehicles), HEVs (Hybrid Electric Vehicles), and EVs (electric vehicles) need battery management systems to make the vehicles more efficient, which would stimulate the segment size. Based on these growth factors, the segment is slated to expand at a CAGR of more than 5% through the forecast timeframe.
In 2019, the consumer electronics end-use segment held a industry share of more than 5%. The segment is further slated to grow at a CAGR of 3% over the forthcoming timeframe. This growth is attributed to the rising adoption of smart home technologies across developing countries.
Current sensors are used across a broad range of consumer electronic devices such as televisions, smartphones, laptops, and smart speakers among others. They are also used in home appliances such as lawn mowers, electric ovens, air conditioning, and washing machine, providing the industry a lucrative growth avenue. The rising adoption of connected devices and IoT (Internet of Things) is likely to augment the segment size.
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Europe current sensor market share is estimated to register growth rate of 5% through 2026 on account of the imposition of stringent safety and emission laws, that are fueling the adoption of e-mobility across the region. The European Commission has set an ambitious carbon emission reduction objective for the transport sector by the end of 2050. This is likely to bring major surge in penetration of electric vehicles in transportation sector over 2030-2050.
Key current sensor market players include TDK Corporation, Allegro MicroSystems LLC, Silicon Laboratories, Infineon Technologies AG, Honeywell International Inc. and Aceinna among others.
Major Key Points from Table of Content:
Chapter 6. Current Sensor Market, By Technology (Revenue, Shipment)
6.1. Key trends, by technology
6.2. MEMS
6.2.1. Market estimates and forecast, 2016 – 2026
6.3. Hall-effect
6.3.1. Market estimates and forecast, 2016 – 2026
6.4. Shunt
6.4.1. Market estimates and forecast, 2016 – 2026
6.5. Fluxgate
6.5.1. Market estimates and forecast, 2016 – 2026
6.6. Magneto-resistive
6.6.1. Market estimates and forecast, 2016 – 2026
Chapter 7. Current Sensor Market, By Application (Revenue, Shipments)
7.1. Key trends, by application
7.2. Motor drive
7.2.1. Market estimates and forecast, 2016 – 2026
7.3. Converter & inverter
7.3.1. Market estimates and forecast, 2016 – 2026
7.4. Battery management
7.4.1. Market estimates and forecast, 2016 – 2026
7.5. UPS & SMPS
7.5.1. Market estimates and forecast, 2016 – 2026
7.6. Others
7.6.1. Market estimates and forecast, 2016 – 2026
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