The soaring demand for power management devices is estimated
to transform the current sensor market in 2020. The sensor and controls reports
are produced by Market Research Future, which features market options for
expansion. The income of USD 3.71
billion is anticipated to shape the market with a CAGR of 8.3% in the forecast period.
The fast-paced development of the manufacturing and consumer
electronics sectors is estimated to guide the current sensor market share in
the impending period. Also, the rise in the production and demand for electric
vehicles is predicted to control the current sensor market share in the
approaching period. The rising investment in the market by stakeholders is
estimated to motivate the current sensor market.
Competitive Analysis
The market is in a stage that requires careful and strategic
planning to ensure that the growth achieved thus far is not compromised. The
market is expected to revitalize its options for development as it overcomes
this period of uncertainty in a careful and calibrated manner, the enhancement
of the supply chains is estimated to focus on the incorporation of robotic
assets so as to broaden the scope of supply that can be expected from the
market on the whole. The competition in the market is estimated to be focused
on mitigating the effect of external forces rather than exclusively dealing
with internal competition. The government role is estimated to be pronounced in
the near term as their backing is essential to get the growth of regional
markets on track.
Top Key
Players:
The strategic contenders in the current sensor market are
Pulse Electronics Corporation (US), Phoenix Contact (Germany), Texas
Instruments, Inc. (US), Honeywell International Inc (US), Tamura Corporation
(Japan), Melexis NV (Belgium), Vacuumschmelze GmbH & Co. KG (Germany),
Infineon Technologies AG (Germany), Allegro MicroSystems, LLC (UK), and AKM
Semiconductor Inc (US), to name a few.
Segmental Analysis
The segmental assessment of the current sensor market has
been segmented based on current type, technology, application, type, and
region. On the basis of types, the current sensor market has been segmented
into a closed loop current sensor, digital/inductive current sensor, and
open-loop current sensor. Based on the current types, the current sensor market
comprises of direct current (DC) and alternating current (AC). On the basis of
technology, the current sensor market has been segmented into giant magnetoresistive
(GMR) current sensing and hall-effect current sensing. The segmentation of the
current sensor market on the basis of applications comprises of industrial
inverters, automotive, consumer electronics, motor control, and power
monitoring. Based on the regions, the current sensor market has been segmented
into Europe, Asia-Pacific, North America, and the rest of the regions globally.
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Detailed Regional Analysis
The regional examination of the current sensor market Europe,
Asia-Pacific, North America, and the rest of the regions globally. The North
American region is anticipated to hold the principal share in the market due to
the towering need of current sensors for the ever-increasing industrial uses
and the incidence of various tier 2 and tier 3 producers in the region. While,
the region of Asia-Pacific is appraised to develop at the highest CAGR in the
forecast period owing to enlarged demand for power management solutions via
Hall Effect current sensing technology in South Korea, China, and India.
Additionally, the key end-use industries such as medical, automotive, consumer
electronics, and transportation have a robust presence in the regions of
Asia-Pacific, which is estimated to produce a soaring demand for current
sensors.
TABLE OF CONTENTS:
1.
Market Introduction
2.
Research Methodology
3.
Market Dynamics
4.
Executive Summary
5.
Market Factor Analysis
6.
Current sensor Market,
By Segments
7.
Competitive Analysis
Continued…
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