Technology & Telecommunications

According to a market report by Lucintel, the future of the current sensor market looks promising with opportunities in the automotive, consumer electronics, telecom & networking, healthcare, industrial, and energy sectors. The global current sensor market is expected to reach an estimated $1.9 billion by 2028 with a CAGR of 9.3% from 2023 to 2028. The major drivers for this market are growing demand for power management devices, rising adoption of industrial robots, and increasing trend of hybrid vehicles in the automotive industry.



In this market, isolated and non-isolated are the two types of current sensor used by various end use industries. Lucintel forecasts that isolated sensors will remain the larger segment over the forecast period as isolation of current sensing circuitry is required for technical and regulatory requirements in various applications, such as line-operated commercial and industrial motors. 



Within this market, consumer electronic is expected to remain the largest segment due to the extensive use of current sensors in consumer devices for power management and AC/DC power supplies to use electrical energy effectively. 



APAC will remain the largest region due to the expanding automobile industry and increasing demand for current sensors in the building automation, telecommunication, and manufacturing industries in this region.

Allegro MicroSystems, TDK, Infineon Technologies, Melexis NV, and Honeywell are the major suppliers in the global current sensor market.



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global current sensor market by loop type, technology, output type, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Current Sensor Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global current sensor market by loop type, technology, output type, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the current sensor market by loop type (open loop and closed loop), technology (isolated current sensors and non-isolated current sensors), output type (analog and digital), and end use industry (automotive, consumer electronics, telecom and networking, healthcare, industrial, energy, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last five years and what has its impact been on the industry?