1. Market Research
  2. > Manufacturing
  3. > Electronic Component Market Trends
Current Sensor Market by Type , Type , End User And Geography - Global Forecast to 2024

Current Sensor Market by Type , Type , End User And Geography - Global Forecast to 2024

  • March 2019
  • 130 pages
  • ID: 5761033
  • Format: PDF
  • MarketsandMarkets


Table of Contents

Search Inside

Increasing demand for current sensors from the automotive and energy industries drives market growth
The current sensor market is expected to grow at a CAGR of 8.34% to reach USD 3.6 billion by 2024 from USD 2.4 billion in 2019. The increasing use of battery-powered applications and renewable energy forms, and growing market for Hall effect current sensors are among the key driving factors for the current sensor market growth. Moreover, the growth of automotive electronic control systems and new vehicle technologies, and large-scale commercialization of IoT and IIoT are among the other factors fueling the growth of the current sensor market. However, falling average selling prices of sensor components is affecting new market entrants and therefore is restraining the growth of current sensor market.

Demand for magnetic current sensors to boost market for isolated current sensors
The current sensor market, by type (2), is segmented into isolated and non-isolated types.The isolated current sensor market is expected to witness significant growth during the forecast period.

The growth of the market for this segment is ascribed to the growing demand for magnetic current sensors worldwide due to their usability in a wide range of applications such as automotive HEV inverters and electronic power steering (EPS) systems, and in industrial and consumer inverters and motor control applications.

Automotive sector to hold largest share of current sensor market during forecast period
In this report, the current sensor market, by end user, has been segmented into automotive, consumer electronics, energy, industrial, healthcare, telecom and networking, and others.Among these, the automotive segment is expected to hold the largest share of current sensor market throughout the forecast period.

This share of the automotive segment is attributed to the high volume of current sensors being used in automotive vehicles worldwide. Further, this growth is also ascribed to the increasing number of electric vehicles and hybrid vehicle (EV/HEV).

APAC to hold largest share of current sensor market from 2019 to 2024
In terms of market size, APAC is expected to dominate the current sensor market during the forecast period as it is likely to witness significant growth in the said market during the forecast period. The population growth and rapid urbanization in developing economies, such as China and India, have prompted the speedy development in the region, which will boost the demand for current sensors from several verticals, such as automotive, energy, industrial, healthcare, and telecom and networking.
In the process of 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 primary participants for the report.
• By Company Type: Tier 1 – 56 %, Tier 2 – 23%, and Tier 3 – 21%
• By Designation: C-Level Executives – 75%, Managers – 25%
• By Region: North America – 40%, Europe – 23%, APAC – 26%, and RoW – 11%

The report profiles key players in the current sensor market and analyzes their market rankings.Players profiled in this report are Asahi Kasei Microdevices (Japan), Melexis (Belgium), Allegro Microsystems (US), Infineon Technologies (Germany), Honeywell (US), ACEINNA (US), TDK Corporation (Japan), Tamura Corporation (Japan), Texas Instruments (US), Siliocn Labs (US), LEM International (Switzerland), Sensitec (Germany), Koshin Electrin (Japan), Pulse Electronics (US), Vacuumschmelze GMBH (Germany), STMicroelectronics (Switzerland), Omron Corp (Japan), ICE Components (US), Magnesensor Technology (US), American Aerospace Controls (US), and Electrohms Pvt.

Ltd. (India).

Research Coverage
This report segments the current sensor market by type (1), type (2), end user, and geography. The report also describes major drivers, restraints, challenges, and opportunities pertaining to this market, as well as includes value chain and market ranking analysis.

Reasons to Buy This Report

The report will help leaders/new entrants in the current sensor market in the following ways:
1. The report segments the current sensor market comprehensively and provides the closest market size estimation for all subsegments across regions.
2. The report will help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities pertaining to the current sensor market.
3. The report will help stakeholders understand their competitors better and gain insights to improve their position in the current sensor market. The competitive landscape section describes the competitor ecosystem.

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on