Current Sensor Market by Current Sensing Methods (Direct, Indirect), Loop Type (Closed Loop, Open Loop), Technology (Isolated, Non-Isolated), Output Type (Analog, Digital), End User (Automotive, Industrial) and Region - Global Forecast to 2028

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Date: 09-Oct-2023
No. of pages: 248
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“Increase in manufacturing of hybrid and electric cars provide lucrative opportunities to the current sensor market.”

The current sensor market was valued at USD 2.8 billion in 2023 and is projected to reach USD 4.7 billion by 2028, growing at a CAGR of 10.4% during the forecast period from 2023 to 2028. Growing use of battery-powered systems and increasing focus on renewable energy acts as a driver whereas deployment of IoT and IIoT with current sensors, increase in manufacturing of hybrid and electric cars, and miniaturization of current sensors provide lucrative opportunities to the current sensor market.

“Direct current sensing segment of the current sensing methods market holds the largest market share during the forecast period.”

The market for the direct current sensing segment holds the largest market share and is expected to retain its position, growing at a higher growth rate during the forecast period. Direct current sensing methods are simpler, dependable, and more accurate. The increasing demand for battery-powered devices, low-power applications, and the growing popularity of renewable energy technologies are driving the growth of the direct current sensing market.  

“Closed-loop current sensors segment is expected to hold the largest market share during the forecast period.”

The closed-loop current sensors segment holds a larger market share as they are widely used to provide an output proportional to the measured current. They are used in some of the potential applications such as variable speed drives, ground fault detectors, robotics, and power supplies with fast response, high linearity, and low-temperature drift. However, the market for these sensors is projected to grow at a slower rate during the forecast period than open-loop current sensors. Open-loop current sensors have a significant price advantage over closed-loop sensors. They are ideal for use in battery-powered circuits due to their compact size and lower power consumption feature. Besides, open-loop sensors provide the best cost advantage in the high current ranges (over 100 A). They maintain constant power consumption, no matter the sensed current.

“Germany in Europe is expected to hold the largest market share during the forecast period.”

Germany held the largest share in the current sensor market in the European region and is expected to retain its position during the forecast period from 2023 to 2028. Germany is home to several leading current sensor manufacturers, such as Infineon Technologies AG, VACUUMSCHMELZE GmbH & Co. KG, and TE Connectivity. These companies invest heavily in research and development, and they offer a wide range of current sensors to meet the needs of different applications. German automotive industry is a major driver of demand for current sensors. Germany is home to some of the world's leading automakers, such as Volkswagen, BMW, and Mercedes-Benz. These companies use current sensors in a variety of applications, such as engine management, power steering, and braking systems.

In determining and verifying the market size for several segments and subsegments gathered through secondary research, extensive primary interviews have been conducted with key officials in the current sensor market. Following is the breakup of the profiles of the primary participants for the report.


  • By Company Type: Tier 1 – 40 %, Tier 2 – 40%, and Tier 3 – 20%

  • By Designation: C-Level Executives –40%, Directors- 40%, and Others – 20%

  • By Region:   North America– 40%, Europe- 20%,  Asia Pacific – 30%, and RoW – 10%


The report profiles key current sensor players and analyzes their market shares. Players profiled in this report are Asahi Kasei Corporation (Japan), Infineon Technologies AG (Germany), Allegro MicroSystems, Inc. (US), LEM International SA (Switzerland), Melexis (Belgium), TDK Corporation (Japan), Aceinna (US), Honeywell International Inc. (US), TAMURA Corporation (Japan), Texas Instruments Incorporated (US), Silicon Laboratories (US), Ningbo Xici Electronic Technology Co., Ltd.  (China), KOHSHIN ELECTRIC CORPORATION (Japan), Yageo Group (Taiwan), etc.

Research Coverage

The report defines, describes, and forecasts the current sensor market based on current sensing methods, loop type, technology, output type, end user, and region. It provides detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the current sensor market. It also analyzes competitive developments such as product launches, acquisitions, expansions, contracts, partnerships, and actions conducted by the key players to grow in the market.     

Reasons to Buy This Report

The report will help the market leaders/new entrants with information on the closest approximations of the revenue numbers for the overall current sensor market and the subsegments. This report will help stakeholders understand the competitive landscape and gain more insights to position their businesses better and plan suitable go-to-market strategies. The report also helps stakeholders understand the market pulse and provides information on key market drivers, restraints, challenges, and opportunities.

The report provides insights on the following pointers: 


  • Analysis of key drivers (Growing use of battery-powered systems and increasing focus on renewable energy, high adoption of Hall-effect current sensors, and increasing demand in consumer electronics industry), restraints (Intense pricing pressure resulting in decline in average selling price (ASPs)), opportunities (Deployment of IoT and IIoT with current sensors, increase in manufacturing of hybrid and electric cars, and miniaturization of current sensors), and challenges (Accuracy over different temperature ranges, and need for product differentiation and development of innovative solutions) influencing the growth of the current sensor market.

  • Product Development/Innovation: Detailed insights on upcoming technologies, research & development activities, and new product & service launches in the current sensor market

  • Market Development: Comprehensive information about lucrative markets – the report analyses the current sensor market across varied regions.

  • Market Diversification: Exhaustive information about new products & services, untapped geographies, recent developments, and investments in the current sensor market

  • Competitive Assessment: In-depth assessment of market shares, growth strategies, and service offerings of leading players like Asahi Kasei Corporation (Japan), Infineon Technologies AG (Germany), Allegro MicroSystems, Inc. (US), LEM International SA (Switzerland), Melexis (Belgium), TDK Corporation (Japan), Aceinna (US), Honeywell International Inc. (US), TAMURA Corporation (Japan), Texas Instruments Incorporated (US), Silicon Laboratories (US), and Ningbo Xici Electronic Technology Co., Ltd.  (China), among others in the current sensor market strategies. The report also helps stakeholders understand the pulse of the current sensor market and provides them with information on key market drivers, restraints, challenges, and opportunities.

Current Sensor Market by Current Sensing Methods (Direct, Indirect), Loop Type (Closed Loop, Open Loop), Technology (Isolated, Non-Isolated), Output Type (Analog, Digital), End User (Automotive, Industrial) and Region - Global Forecast to 2028

Table Of Contents

1 Introduction 31
1.1 Study Objectives 31
1.2 Market Definition 31
1.3 Study Scope 33
1.3.1 Markets Covered 33
Figure 1 Current Sensor Market Segmentation 33
1.3.2 Regional Scope 34
1.3.3 Years Considered 34
1.4 Currency Considered 34
1.5 Units Considered 35
1.6 Stakeholders 35
1.7 Summary Of Changes 35
1.7.1 Impact Of Recession 36

2 Research Methodology 37
2.1 Research Data 37
Figure 2 Current Sensor Market: Research Design 37
2.1.1 Secondary Data 38
2.1.1.1 Major Secondary Sources 39
2.1.1.2 Key Data From Secondary Sources 39
2.1.2 Primary Data 39
2.1.2.1 Primary Interviews With Experts 40
2.1.2.2 Key Data From Primary Sources 40
2.1.2.3 Key Industry Insights 41
2.1.2.4 Breakdown Of Primaries 41
2.1.3 Secondary And Primary Research 42
2.2 Market Size Estimation 43
Figure 3 Research Flow Of Market Size Estimation 43
2.2.1 Bottom-Up Approach 43
Figure 4 Market Size Estimation Methodology: Approach 1—Bottom-Up (Demand Side) – Demand For Current Sensors 44
2.2.1.1 Approach To Estimate Market Size By Bottom-Up Analysis (Demand Side) 44
Figure 5 Market Size Estimation Methodology: Bottom-Up Approach 45
2.2.2 Top-Down Approach 45
2.2.2.1 Approach To Estimate Market Size By Top-Down Analysis (Supply Side) 45
Figure 6 Market Size Estimation Methodology: Top-Down Approach 46
Figure 7 Market Size Estimation Methodology: Approach 2 (Supply Side)—Revenue Generated Through Sales Of Current Sensors 46
2.3 Market Breakdown And Data Triangulation 47
Figure 8 Data Triangulation 47
2.4 Research Assumptions 48
2.5 Risk Assessment 48
2.6 Parameters Considered To Analyze Recession Impact On Current Sensor Market 49
2.7 Limitations 49

3 Executive Summary 50
Figure 9 Open Loop Segment To Record Higher Cagr During Forecast Period 51
Figure 10 Direct Current Sensing Segment To Register Higher Cagr During Forecast Period 51
Figure 11 Isolated Segment To Register Higher Cagr During Forecast Period 52
Figure 12 Analog Segment To Account For Larger Market Share During Forecast Period 52
Figure 13 Consumer Electronics Segment To Exhibit Highest Cagr During Forecast Period 53
Figure 14 Asia Pacific Accounted For Largest Share Of Current Sensor Market In 2022 54

4 Premium Insights 55
4.1 Attractive Opportunities For Players In Current Sensor Market 55
Figure 15 Growing Demand For Electric And Hybrid Vehicles To Drive Market 55
4.2 Current Sensor Market, By Output Type 55
Figure 16 Digital Segment To Account For Larger Market Share During Forecast Period 55
4.3 Current Sensor Market, By Loop Type 56
Figure 17 Closed Loop Segment To Hold Larger Market Share By 2028 56
4.4 Asia Pacific: Current Sensor Market, By End User And Country 56
Figure 18 Automotive End-User Segment And China To Account For Largest Shares Of Current Sensor Market In Asia Pacific In 2023 56
4.5 Current Sensor Market, By End User 57
Figure 19 Automotive Segment To Capture Largest Market Share During Forecast Period 57
4.6 Current Sensor Market, By Country 57
Figure 20 China To Be Fastest-Growing Current Sensor Market During Forecast Period 57

5 Market Overview 58
5.1 Introduction 58
5.2 Market Dynamics 58
Figure 21 Current Sensor Market: Drivers, Restraints, Opportunities, And Challenges 58
5.2.1 Drivers 59
5.2.1.1 Growing Use Of Battery-Powered Systems And Increasing Focus On Renewable Energy 59
5.2.1.2 High Adoption Of Hall-Effect Current Sensors 59
5.2.1.3 Increasing Demand From Consumer Electronics Industry 60
5.2.2 Restraints 60
5.2.2.1 Intense Pricing Pressure Resulting In Decline In Average Selling Price (Asp) 60
5.2.3 Opportunities 60
5.2.3.1 Increase In Number Of Networked Devices 60
5.2.3.2 Increase In Manufacturing Of Hybrid And Electric Cars 61
5.2.3.3 Miniaturization Of Current Sensors 61
5.2.4 Challenges 62
5.2.4.1 Fluctuations In Accuracy Of Current Sensors Over Varying Temperature Ranges 62
5.2.4.2 Need For Product Differentiation And Development Of Innovative Solutions 62
5.3 Trends/Disruptions Impacting Customer Business 63
Figure 22 Revenue Shifts And New Revenue Pockets For Current Sensor Manufacturers 63
5.4 Pricing Analysis 63
5.4.1 Average Selling Price Trend 63
Table 1 Pricing And Specification Of Current Sensors, By Company 63
Table 2 Average Selling Price Of Current Sensors, By Type 64
5.5 Value Chain Analysis 64
Figure 23 Current Sensor Market: Value Chain Analysis 65
5.6 Ecosystem Mapping 67
Figure 24 Current Sensor Ecosystem 67
5.7 Technology Analysis 68
5.7.1 Key Technologies 68
5.7.1.1 Microelectromechanical System (Mems)-Based Current Sensors 68
5.7.2 Complementary Technologies 68
5.7.2.1 3d Magnetic Sensing Technology 68
5.7.3 Adjacent Technologies 68
5.7.3.1 Microprocessor-Based Current Sensors 68
5.7.3.2 Current Relays 68
5.8 Patent Analysis 69
Figure 25 Top 10 Companies With Highest Number Of Patent Applications In Last 10 Years 69
Table 3 Top 20 Patent Owners In Us In Last 10 Years 69
Figure 26 Number Of Patents Granted Per Year From 2012 To 2022 70
5.8.1 List Of Major Patents 70
Table 4 List Of Major Patents In Current Sensor Market 70
5.9 Trade And Tariff Analysis 74
5.9.1 Trade Analysis 74
5.9.1.1 Trade Data For Hs Code 8504 74
Figure 27 Import Data For Products Covered Under Hs Code 8504, By Country, 2018–2022 (Usd Thousand) 74
Figure 28 Export Data For Products Covered Under Hs Code 8504, By Country, 2018−2022 (Usd Thousand) 74
5.9.2 Tariff Analysis 75
Table 5 Mfn Tariffs For Hs Code 8504-Compliant Products Exported By China 75
Table 6 Mfn Tariffs For Hs Code 8504-Compliant Products Exported By Germany 75
Table 7 Mfn Tariffs For Hs Code 8504-Compliant Products Exported By Hong Kong 76
5.10 Key Conferences And Events, 2023–2024 76
Table 8 Current Sensor Market: Detailed List Of Conferences And Events 76
5.11 Regulatory Landscape 78
5.11.1 Standards 78
5.11.1.1 Ieee 1451 Smart Transducer Interface Standard For Sensors And Actuators 78
5.11.1.2 Ieee C37.118 Sensor Requirements Of Smart Grids 78
5.11.1.3 International Electrotechnical Commission (Iec) 78
5.11.1.4 Iec 60364-4-43: Low-Voltage Electrical Installations - Protection For Safety - Protection Against Overcurrent 79
5.11.1.5 Iec 60269 79
5.11.1.6 Atmosphere Explosible (Atex) 79
5.11.1.7 Edison Testing Laboratories (Etl) 79
5.11.2 Regulations 79
5.12 Porter's Five Forces Analysis 81
Table 9 Impact Of Porter's Five Forces On Current Sensor Market 81
Figure 29 Current Sensor Market: Porter's Five Forces Analysis 81
5.12.1 Intensity Of Competitive Rivalry 82
5.12.2 Bargaining Power Of Suppliers 82
5.12.3 Bargaining Power Of Buyers 82
5.12.4 Threat Of Substitutes 82
5.12.5 Threat Of New Entrants 83
5.13 Key Stakeholders And Buying Criteria 83
5.13.1 Key Stakeholders In Buying Process 83
Figure 30 Influence Of Stakeholders On Buying Process For Top Three End Users 83
Table 10 Influence Of Stakeholders On Buying Process For Top Three End Users 83
5.13.2 Buying Criteria 84
Figure 31 Key Buying Criteria For Top Three End Users 84
Table 11 Key Buying Criteria, By Top Three End User 84

6 Current Sensor Market, By Current Sensing Method 85
6.1 Introduction 86
Figure 32 Current Sensor Market, By Current Sensing Method 86
Figure 33 Direct Current Sensing Segment To Exhibit Higher Cagr During Forecast Period 86
Table 12 Current Sensor Market, By Current Sensing Method, 2019–2022 (Usd Million) 87
Table 13 Current Sensor Market, By Current Sensing Method, 2023–2028 (Usd Million) 87
6.2 Direct Current Sensing 87
6.2.1 High Efficiency In Low-Power Applications To Drive Demand For Direct Current Sensing 87
6.3 Indirect Current Sensing 88
6.3.1 Higher Accuracy And Precision Than Direct Methods To Fuel Demand For Indirect Current Sensing 88

7 Current Sensor Market, By Loop Type 89
7.1 Introduction 90
Figure 34 Current Sensor Market, By Loop Type 90
Figure 35 Open Loop Segment To Exhibit Higher Cagr During Forecast Period 90
Table 14 Current Sensor Market, By Loop Type, 2019–2022 (Usd Million) 90
Table 15 Current Sensor Market, By Loop Type, 2023–2028 (Usd Million) 91
Table 16 Current Sensor Market, By Loop Type, 2019–2022 (Million Units) 91
Table 17 Current Sensor Market, By Loop Type, 2023–2028 (Million Units) 91
7.2 Open Loop 92
7.2.1 High Adoption Of Open-Loop Current Sensors In Consumer Electronics Industry To Fuel Market Growth 92
7.3 Closed Loop 92
7.3.1 Growing Use Of Closed-Loop Current Sensors In Industrial Sector To Boost Market Growth 92

8 Current Sensor Market, By Technology 93
8.1 Introduction 94
Figure 36 Current Sensor Market, By Technology 94
Figure 37 Isolated Segment To Exhibit Higher Cagr During Forecast Period 94
Table 18 Current Sensor Market, By Technology, 2019–2022 (Usd Million) 95
Table 19 Current Sensor Market, By Technology, 2023–2028 (Usd Million) 95
8.2 Isolated 95
Table 20 Isolated Current Sensor Market, By Technology, 2019–2022 (Usd Million) 96
Table 21 Isolated Current Sensor Market, By Technology, 2023–2028 (Usd Million) 96
8.2.1 Magnetic Current Sensors 96
Table 22 Magnetic Current Sensor Market, By Type, 2019–2022 (Usd Million) 97
Table 23 Magnetic Current Sensor Market, By Type, 2023–2028 (Usd Million) 97
Table 24 Hall-Effect Current Sensor Market, By Type, 2019–2022 (Usd Million) 98
Table 25 Hall-Effect Current Sensor Market, By Type, 2023–2028 (Usd Million) 98
8.2.1.1 Hall-Effect Current Sensors 98
8.2.1.1.1 Suitable For Automobile Applications 98
Table 26 Characteristics Of Magnetoresistive Current Sensor Technologies 99
8.2.1.2 Anisotropic Magnetoresistive (Amr) Current Sensors 99
8.2.1.2.1 Ideal For Controlling And Protecting Power Supply 99
8.2.1.3 Giant Magnetoresistive (Gmr) Current Sensors 99
8.2.1.3.1 Used In Automobile Electrical Equipment Applications 99
8.2.1.4 Tunneling Magnetoresistive (Tmr) Current Sensors 100
8.2.1.4.1 Used To Sense Magnetic Field Strength To Measure Current, Position, Motion, And Direction 100
8.2.1.5 Fluxgate Current Sensors 100
8.2.1.5.1 Extensively Used In Electronics Applications 100
8.2.2 Opto-Isolated Op Amp 101
8.2.2.1 Operational Amplifiers Ideal Choice For Dc Amplification 101
8.2.3 Shunt-Isolated Op Amp 101
8.2.3.1 Isolation Amplifiers Make For Higher-Performing, Single-Chip Alternative To Isolation Techniques Based On Shunt Regulators 101
8.3 Non-Isolated 102
Table 27 Non-Isolated Current Sensor Market, By Technology, 2019–2022 (Usd Million) 102
Table 28 Non-Isolated Current Sensor Market, By Technology, 2023–2028 (Usd Million) 102
8.3.1 Current-Sensing Amplifiers 102
8.3.1.1 Make For Ideal Non-Isolated Current Technology 102
8.3.2 Analog-To-Digital Converter 103
8.3.2.1 Emerging Non-Isolated Technology For Current Measurement 103

9 Current Sensor Market, By Output Type 104
9.1 Introduction 105
Figure 38 Current Sensor Market, By Output Type 105
Figure 39 Digital Segment To Record Higher Cagr During Forecast Period 105
Table 29 Current Sensor Market, By Output Type, 2019–2022 (Usd Million) 105
Table 30 Current Sensor Market, By Output Type, 2023–2028 (Usd Million) 106
9.2 Analog 106
9.2.1 Increasing Demand For Analog Ac-Dc Output Sensors To Analyze Variations In Current Measurements To Fuel Market Growth 106
9.3 Digital 107
9.3.1 Advantages Over Analog Sensors And Suitability For Remote Applications To Fuel Demand For Digital Sensors 107

10 Current Sensor Market, By End User 108
10.1 Introduction 109
Figure 40 Current Sensor Market, By End User 109
Figure 41 Consumer Electronics Segment To Record Higher Cagr During Forecast Period 110
Table 31 Current Sensor Market, By End User, 2019–2022 (Usd Million) 110
Table 32 Current Sensor Market, By End User, 2023–2028 (Usd Million) 111
10.2 Automotive 112
10.2.1 Accelerating Global Adoption Of Electric Vehicles To Boost Demand For Current Sensors 112
Table 33 Automotive: Current Sensor Market, By Application, 2019–2022 (Usd Million) 113
Table 34 Automotive: Current Sensor Market, By Application, 2023–2028 (Usd Million) 113
Table 35 Automotive: Current Sensor Market, By Region, 2019–2022 (Usd Million) 114
Table 36 Automotive: Current Sensor Market, By Region, 2023–2028 (Usd Million) 114
Table 37 Automotive: Current Sensor Market In North America, By Country, 2019–2022 (Usd Million) 114
Table 38 Automotive: Current Sensor Market In North America, By Country, 2023–2028 (Usd Million) 115
Table 39 Automotive: Current Sensor Market In Europe, By Country, 2019–2022 (Usd Million) 115
Table 40 Automotive: Current Sensor Market In Europe, By Country, 2023–2028 (Usd Million) 115
Table 41 Automotive: Current Sensor Market In Asia Pacific, By Country, 2019–2022 (Usd Million) 116
Table 42 Automotive: Current Sensor Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 116
Table 43 Automotive: Current Sensor Market In Row, By Region, 2019–2022 (Usd Million) 116
Table 44 Automotive: Current Sensor Market In Row, By Region, 2023–2028 (Usd Million) 117
10.3 Consumer Electronics 117
10.3.1 Growing Integration Of Current Sensors Into Consumer Electronics To Drive Market Growth 117
Table 45 Consumer Electronics: Current Sensor Market, By Application, 2019–2022 (Usd Million) 118
Table 46 Consumer Electronics: Current Sensor Market, By Application, 2023–2028 (Usd Million) 118
Table 47 Consumer Electronics: Current Sensor Market, By Region, 2019–2022 (Usd Million) 118
Table 48 Consumer Electronics: Current Sensor Market, By Region, 2023–2028 (Usd Million) 119
Table 49 Consumer Electronics: Current Sensor Market In North America, By Country, 2019–2022 (Usd Million) 119
Table 50 Consumer Electronics: Current Sensor Market In North America, By Country, 2023–2028 (Usd Million) 119
Table 51 Consumer Electronics: Current Sensor Market In Europe, By Country, 2019–2022 (Usd Million) 120
Table 52 Consumer Electronics: Current Sensor Market In Europe, By Country, 2023–2028 (Usd Million) 120
Table 53 Consumer Electronics: Current Sensor Market In Asia Pacific, By Country, 2019–2022 (Usd Million) 120
Table 54 Consumer Electronics: Current Sensor Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 121
Table 55 Consumer Electronics: Current Sensor Market In Row, By Region, 2019–2022 (Usd Million) 121
Table 56 Consumer Electronics: Current Sensor Market In Row, By Region, 2023–2028 (Usd Million) 121
10.4 Telecom & Networking 122
10.4.1 Adoption Of Ip Capabilities In Telecommunication Devices To Boost Demand For Current Sensors 122
Table 57 Telecom & Networking: Current Sensor Market, By Application, 2019–2022 (Usd Million) 122
Table 58 Telecom & Networking: Current Sensor Market, By Application, 2023–2028 (Usd Million) 122
Table 59 Telecom & Networking: Current Sensor Market, By Region, 2019–2022 (Usd Million) 123
Table 60 Telecom & Networking: Current Sensor Market, By Region, 2023–2028 (Usd Million) 123
Table 61 Telecom & Networking: Current Sensor Market In North America, By Country, 2019–2022 (Usd Million) 123
Table 62 Telecom & Networking: Current Sensor Market In North America, By Country, 2023–2028 (Usd Million) 124
Table 63 Telecom & Networking: Current Sensor Market In Europe, By Country, 2019–2022 (Usd Million) 124
Table 64 Telecom & Networking: Current Sensor Market In Europe, By Country, 2023–2028 (Usd Million) 124
Table 65 Telecom & Networking: Current Sensor Market In Asia Pacific, By Country, 2019–2022 (Usd Million) 125
Table 66 Telecom & Networking: Current Sensor Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 125
Table 67 Telecom & Networking: Current Sensor Market In Row, By Region, 2019–2022 (Usd Million) 125
Table 68 Telecom & Networking: Current Sensor Market In Row, By Region, 2023–2028 (Usd Million) 126
10.5 Healthcare 126
10.5.1 Growing Use Of Current Sensors To Monitor Power Consumption In Medical Devices To Boost Market Growth 126
Table 69 Healthcare: Current Sensor Market, By Application, 2019–2022 (Usd Million) 126
Table 70 Healthcare: Current Sensor Market, By Application, 2023–2028 (Usd Million) 127
Table 71 Healthcare: Current Sensor Market, By Region, 2019–2022 (Usd Million) 127
Table 72 Healthcare: Current Sensor Market, By Region, 2023–2028 (Usd Million) 127
Table 73 Healthcare: Current Sensor Market In North America, By Country, 2019–2022 (Usd Thousand) 128
Table 74 Healthcare: Current Sensor Market In North America, By Country, 2023–2028 (Usd Thousand) 128
Table 75 Healthcare: Current Sensor Market In Europe, By Country, 2019–2022 (Usd Million) 128
Table 76 Healthcare: Current Sensor Market In Europe, By Country, 2023–2028 (Usd Million) 129
Table 77 Healthcare: Current Sensor Market In Asia Pacific, By Country, 2019–2022 (Usd Million) 129
Table 78 Healthcare: Current Sensor Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 129
Table 79 Healthcare: Current Sensor Market In Row, By Region, 2019–2022 (Usd Thousand) 130
Table 80 Healthcare: Current Sensor Market In Row, By Region, 2023–2028 (Usd Thousand) 130
10.6 Industrial 130
10.6.1 Industrial Automation To Create Immense Growth Opportunities For Players In Current Sensor Market 130
Table 81 Industrial: Current Sensor Market, By Application, 2019–2022 (Usd Million) 131
Table 82 Industrial: Current Sensor Market, By Application, 2023–2028 (Usd Million) 131
Table 83 Industrial: Current Sensor Market, By Region, 2019–2022 (Usd Million) 131
Table 84 Industrial: Current Sensor Market, By Region, 2023–2028 (Usd Million) 132
Table 85 Industrial: Current Sensor Market In North America, By Country, 2019–2022 (Usd Million) 132
Table 86 Industrial: Current Sensor Market In North America, By Country, 2023–2028 (Usd Million) 132
Table 87 Industrial: Current Sensor Market In Europe, By Country, 2019–2022 (Usd Million) 133
Table 88 Industrial: Current Sensor Market In Europe, By Country, 2023–2028 (Usd Million) 133
Table 89 Industrial: Current Sensor Market In Asia Pacific, By Country, 2019–2022 (Usd Million) 133
Table 90 Industrial: Current Sensor Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 134
Table 91 Industrial: Current Sensor Market In Row, By Region, 2019–2022 (Usd Million) 134
Table 92 Industrial: Current Sensor Market In Row, By Region, 2023–2028 (Usd Million) 134
10.7 Energy & Power 135
10.7.1 Increasing Shift Toward Renewable Energy To Create Opportunities For Market Players 135
Table 93 Energy & Power: Current Sensor Market, By Application, 2019–2022 (Usd Million) 135
Table 94 Energy & Power: Current Sensor Market, By Application, 2023–2028 (Usd Million) 136
Table 95 Energy & Power: Current Sensor Market, By Region, 2019–2022 (Usd Million) 136
Table 96 Energy & Power: Current Sensor Market, By Region, 2023–2028 (Usd Million) 136
Table 97 Energy & Power: Current Sensor Market In North America, By Country, 2019–2022 (Usd Million) 137
Table 98 Energy & Power: Current Sensor Market In North America, By Country, 2023–2028 (Usd Million) 137
Table 99 Energy & Power: Current Sensor Market In Europe, By Country, 2019–2022 (Usd Million) 137
Table 100 Energy & Power: Current Sensor Market In Europe, By Country, 2023–2028 (Usd Million) 138
Table 101 Energy & Power: Current Sensor Market In Asia Pacific, By Country, 2019–2022 (Usd Million) 138
Table 102 Energy & Power: Current Sensor Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 138
Table 103 Energy & Power: Current Sensor Market In Row, By Region, 2019–2022 (Usd Million) 139
Table 104 Energy & Power: Current Sensor Market In Row, By Region, 2023–2028 (Usd Million) 139
10.8 Others 139
Table 105 Others: Current Sensor Market, By Application, 2019–2022 (Usd Million) 140
Table 106 Others: Current Sensor Market, By Application, 2023–2028 (Usd Million) 140
Table 107 Others: Current Sensor Market, By Region, 2019–2022 (Usd Million) 140
Table 108 Others: Current Sensor Market, By Region, 2023–2028 (Usd Million) 141
Table 109 Others: Current Sensor Market In North America, By Country, 2019–2022 (Usd Million) 141
Table 110 Others: Current Sensor Market In North America, By Country, 2023–2028 (Usd Million) 141
Table 111 Others: Current Sensor Market In Europe, By Country, 2019–2022 (Usd Million) 142
Table 112 Others: Current Sensor Market In Europe, By Country, 2023–2028 (Usd Million) 142
Table 113 Others: Current Sensor Market In Asia Pacific, By Country, 2019–2022 (Usd Million) 142
Table 114 Others: Current Sensor Market In Asia Pacific, By Country, 2023–2028 (Usd Million) 143
Table 115 Others: Current Sensor Market In Row, By Region, 2019–2022 (Usd Million) 143
Table 116 Others: Current Sensor Market In Row, By Region, 2023–2028 (Usd Million) 143

11 Current Sensor Market, By Region 144
11.1 Introduction 145
Figure 42 Current Sensor Market, By Region 145
Figure 43 Asia Pacific To Dominate Current Sensor Market During Forecast Period 145
Table 117 Current Sensor Market, By Region, 2019–2022 (Usd Million) 146
Table 118 Current Sensor Market, By Region, 2023–2028 (Usd Million) 146
11.2 North America 147
Figure 44 North America: Current Sensor Market, By Country 147
Figure 45 North America: Current Sensor Market Snapshot 148
Table 119 North America: Current Sensor Market, By End User, 2019–2022 (Usd Million) 149
Table 120 North America: Current Sensor Market, By End User, 2023–2028 (Usd Million) 149
Table 121 North America: Current Sensor Market, By Country, 2019–2022 (Usd Million) 150
Table 122 North America: Current Sensor Market, By Country, 2023–2028 (Usd Million) 150
Table 123 Us: Current Sensor Market, By End User, 2019–2022 (Usd Million) 150
Table 124 Us: Current Sensor Market, By End User, 2023–2028 (Usd Million) 151
Table 125 Canada: Current Sensor Market, By End User, 2019–2022 (Usd Million) 151
Table 126 Canada: Current Sensor Market, By End User, 2023–2028 (Usd Million) 152
Table 127 Mexico: Current Sensor Market, By End User, 2019–2022 (Usd Million) 152
Table 128 Mexico: Current Sensor Market, By End User, 2023–2028 (Usd Million) 153
11.2.1 Impact Of Recession On Current Sensor Market In North America 153
Figure 46 Analysis Of Current Sensor Market In North America: Pre- And Post-Recession Scenarios 154
11.2.2 Us 154
11.2.2.1 Us To Be Largest Market For Current Sensors In North America During Forecast Period 154
11.2.3 Canada 155
11.2.3.1 Increasing Demand From Automotive, Industrial, And Consumer Electronics Segments To Boost Market Growth 155
11.2.4 Mexico 155
11.2.4.1 Increasing Industrialization To Drive Market 155
11.3 Europe 156
Figure 47 Europe: Current Sensor Market, By Country 156
Figure 48 Europe: Current Sensor Market Snapshot 157
Table 129 Europe: Current Sensor Market, By End User, 2019–2022 (Usd Million) 157
Table 130 Europe: Current Sensor Market, By End User, 2023–2028 (Usd Million) 158
Table 131 Europe: Current Sensor Market, By Country, 2019–2022 (Usd Million) 158
Table 132 Europe: Current Sensor Market, By Country, 2023–2028 (Usd Million) 158
Table 133 Germany: Current Sensor Market, By End User, 2019–2022 (Usd Million) 159
Table 134 Germany: Current Sensor Market, By End User, 2023–2028 (Usd Million) 159
Table 135 Uk: Current Sensor Market, By End User, 2019–2022 (Usd Million) 160
Table 136 Uk: Current Sensor Market, By End User, 2023–2028 (Usd Million) 160
Table 137 France: Current Sensor Market, By End User, 2019–2022 (Usd Million) 161
Table 138 France: Current Sensor Market, By End User, 2023–2028 (Usd Million) 161
Table 139 Rest Of Europe: Current Sensor Market, By End User, 2019–2022 (Usd Million) 162
Table 140 Rest Of Europe: Current Sensor Market, By End User, 2023–2028 (Usd Million) 162
11.3.1 Impact Of Recession On Current Sensor Market In Europe 162
Figure 49 Analysis Of Current Sensor Market In Europe: Pre- And Post-Recession Scenarios 163
11.3.2 Germany 163
11.3.2.1 Germany To Lead Current Sensor Market In Europe During Forecast Period 163
11.3.3 Uk 163
11.3.3.1 Growing Demand From Automotive And Healthcare Industries To Fuel Market Growth 163
11.3.4 France 164
11.3.4.1 Increasing Adoption Of Current Sensors In Automotive And Aerospace Industries To Drive Market 164
11.3.5 Rest Of Europe 164
11.4 Asia Pacific 165
Figure 50 Asia Pacific: Current Sensor Market, By Country 165
Figure 51 Asia Pacific: Current Sensor Market Snapshot 166
Table 141 Asia Pacific: Current Sensor Market, By End User, 2019–2022 (Usd Million) 167
Table 142 Asia Pacific: Current Sensor Market, By End User, 2023–2028 (Usd Million) 167
Table 143 Asia Pacific: Current Sensor Market, By Country, 2019–2022 (Usd Million) 167
Table 144 Asia Pacific: Current Sensor Market, By Country, 2023–2028 (Usd Million) 168
Table 145 China: Current Sensor Market, By End User, 2019–2022 (Usd Million) 168
Table 146 China: Current Sensor Market, By End User, 2023–2028 (Usd Million) 169
Table 147 Japan: Current Sensor Market, By End User, 2019–2022 (Usd Million) 169
Table 148 Japan: Current Sensor Market, By End User, 2023–2028 (Usd Million) 169
Table 149 India: Current Sensor Market, By End User, 2019–2022 (Usd Million) 170
Table 150 India: Current Sensor Market, By End User, 2023–2028 (Usd Million) 170
Table 151 South Korea: Current Sensor Market, By End User, 2019–2022 (Usd Million) 171
Table 152 South Korea: Current Sensor Market, By End User, 2023–2028 (Usd Million) 171
Table 153 Rest Of Asia Pacific: Current Sensor Market, By End User, 2019–2022 (Usd Million) 172
Table 154 Rest Of Asia Pacific: Current Sensor Market, By End User, 2023–2028 (Usd Million) 172
11.4.1 Impact Of Recession On Current Sensor Market In Asia Pacific 172
Figure 52 Analysis Of Current Sensor Market In Asia Pacific: Pre- And Post-Recession Scenarios 173
11.4.2 China 173
11.4.2.1 Increasing Adoption Of Sensors In Various Industries To Foster Market Growth 173
11.4.3 Japan 174
11.4.3.1 Demand From Electric And Hybrid Car Manufacturers To Boost Market Growth 174
11.4.4 India 174
11.4.4.1 Increasing Manufacturing Activities And Government Initiatives For Industrial Development To Drive Market 174
11.4.5 South Korea 175
11.4.5.1 Presence Of Consumer Electronics And Automobile Manufacturing Companies To Favor Market Growth 175
11.4.6 Rest Of Asia Pacific 175
11.5 Rest Of The World (Row) 176
Figure 53 Row: Current Sensor Market, By Region 176
Table 155 Row: Current Sensor Market, By End User, 2019–2022 (Usd Million) 176
Table 156 Row: Current Sensor Market, By End User, 2023–2028 (Usd Million) 176
Table 157 Row: Current Sensor Market, By Region, 2019–2022 (Usd Million) 177
Table 158 Row: Current Sensor Market, By Region, 2023–2028 (Usd Million) 177
Table 159 Middle East & Africa: Current Sensor Market, By End User, 2019–2022 (Usd Million) 177
Table 160 Middle East & Africa: Current Sensor Market, By End User, 2023–2028 (Usd Million) 178
Table 161 South America: Current Sensor Market, By End User, 2019–2022 (Usd Million) 178
Table 162 South America: Current Sensor Market, By End User, 2023–2028 (Usd Million) 179
11.5.1 Impact Of Recession On Current Sensor Market In Row 179
Figure 54 Analysis Of Current Sensor Market In Row: Pre- And Post-Recession Scenarios 180
11.5.2 South America 180
11.5.2.1 Increasing Applications Of Current Sensors In Automotive Sector To Drive Market 180
11.5.3 Middle East & Africa 181
11.5.3.1 Increasing Renewable Energy Production To Boost Demand For Current Sensors 181

12 Competitive Landscape 182
12.1 Overview 182
12.1.1 Introduction 182
12.2 Strategies Adopted By Key Players 182
Table 163 Overview Of Strategies Adopted By Key Players In Current Sensor Market 182
12.3 Revenue Analysis Of Top Five Players 184
Figure 55 Three-Year Revenue Analysis Of Top Players In Current Sensor Market, 2020–2022 184
12.4 Market Share Analysis 185
Table 164 Current Sensor Market: Degree Of Competition 185
Table 165 Current Sensor Market: Ranking Analysis 185
Figure 56 Market Share Analysis Of Key Players, 2022 186
12.5 Evaluation Matrix For Major Players, 2022 188
12.5.1 Stars 188
12.5.2 Emerging Leaders 188
12.5.3 Pervasive Players 188
12.5.4 Participants 188
Figure 57 Current Sensor Market: Evaluation Matrix For Major Companies, 2022 189
12.5.5 Company Footprint 190
Table 166 Company Technology Footprint (20 Companies) 190
Table 167 Company End-User Footprint (20 Companies) 191
Table 168 Company Region Footprint (20 Companies) 192
Table 169 Company Overall Footprint 193
12.6 Evaluation Matrix For Startups/Small And Medium-Sized Enterprises (Smes), 2022 194
12.6.1 Progressive Companies 194
12.6.2 Responsive Companies 194
12.6.3 Dynamic Companies 194
12.6.4 Starting Blocks 194
Figure 58 Current Sensor Market (Global): Evaluation Matrix For Startups/Smes, 2022 195
Table 170 Current Sensor Market: Detailed List Of Key Startups/Smes 196
Table 171 Current Sensor Market: Competitive Benchmarking Of Key Startups/Smes 196
12.7 Competitive Scenarios And Trends 197
12.7.1 Product Launches/Developments 197
Table 172 Current Sensor Market: Product Launches/Developments, 2020–2021 197
12.7.2 Deals 198
Table 173 Deals, 2021–2023 198

13 Company Profiles 200
13.1 Introduction 200
13.2 Key Players 200
(Business Overview, Products/Services/Solutions Offered, Mnm View, Key Strengths And Right To Win, Strategic Choices Made, Weaknesses And Competitive Threats, Recent Developments)*
13.2.1 Asahi Kasei Corporation 200
Table 174 Asahi Kasei Corporation: Company Overview 201
Figure 59 Asahi Kasei Corporation: Company Snapshot 201
13.2.2 Infineon Technologies Ag 203
Table 175 Infineon Technologies Ag: Company Overview 203
Figure 60 Infineon Technologies Ag: Company Snapshot 204
Table 176 Infineon Technologies Ag: Product Launches 205
Table 177 Infineon Technologies Ag: Deals 205
13.2.3 Allegro Microsystems, Inc. 207
Table 178 Allegro Microsystems, Inc.: Company Overview 207
Figure 61 Allegro Microsystems, Inc.: Company Snapshot 208
Table 179 Allegro Microsystems, Inc.: Product Launches 209
Table 180 Allegro Microsystems, Inc.: Deals 209
13.2.4 Lem International Sa 211
Table 181 Lem International Sa: Company Overview 211
Figure 62 Lem International Sa: Company Snapshot 211
13.2.5 Melexis 213
Table 182 Melexis: Company Overview 213
Figure 63 Melexis: Company Snapshot 214
Table 183 Melexis: Product Launches 214
13.2.6 Tdk Corporation 216
Table 184 Tdk Corporation: Company Overview 216
Figure 64 Tdk Corporation: Company Snapshot 217
Table 185 Tdk Corporation: Product Launches 218
Table 186 Tdk Corporation: Deals 218
13.2.7 Aceinna 219
Table 187 Aceinna: Company Overview 219
Table 188 Aceinna: Product Launches 220
13.2.8 Honeywell International Inc. 221
Table 189 Honeywell International Inc.: Company Overview 221
Figure 65 Honeywell International Inc.: Company Snapshot 222
13.2.9 Tamura Corporation 223
Table 190 Tamura Corporation: Company Overview 223
Figure 66 Tamura Corporation: Company Snapshot 224
13.2.10 Texas Instruments Incorporated 225
Table 191 Texas Instruments Incorporated: Company Overview 225
Figure 67 Texas Instruments Incorporated: Company Snapshot 226
Table 192 Texas Instruments Incorporated: Product Launches 227
Table 193 Texas Instruments Incorporated: Deals 227
*Business Overview, Products/Services/Solutions Offered, Mnm View, Key Strengths And Right To Win, Strategic Choices Made, Weaknesses And Competitive Threats, Recent Developments Might Not Be Captured In Case Of Unlisted Companies.
13.3 Other Key Players 228
13.3.1 Silicon Laboratories 228
13.3.2 Ningbo Xici Electronic Technology Co., Ltd. 229
13.3.3 Kohshin Electric Corporation 230
13.3.4 Yageo Group 231
13.3.5 Vacuumschmelze Gmbh & Co. Kg 232
13.3.6 Stmicroelectronics 233
13.3.7 Omron Corporation 234
13.3.8 Ice Components, Inc. 235
13.3.9 Magnesensor Technology 235
13.3.10 American Aerospace Controls 236
13.3.11 Electrohms Private Limited 237
13.3.12 Dare Electronics, Inc. 238
13.3.13 Yuanxing Electronics Co., Ltd. 239
13.3.14 Sensor Electronic Technology (Set) 239
13.3.15 Tell-I Technologies, Inc. 240

14 Appendix 241
14.1 Discussion Guide 241
14.2 Knowledgestore: Marketsandmarkets’ Subscription Portal 245
14.3 Customization Options 247
14.4 Related Reports 247
14.5 Author Details 248

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