What is the current Current Sensor Market size?

The Current Sensor Market is projected to register a CAGR of 9.10% during the forecast period (2024-2029) Read More

Who are the key players in Current Sensor Market?

Allegro MicroSystems, LLC, TDK Corporation (TDK-Micronas GmbH), Infineon Technologies AG, Melexis NV and Honeywell International Inc. are the major companies operating in the Current Sensor Market. Read More

Which is the fastest growing region in Current Sensor Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Current Sensor Market?

In 2024, the North America accounts for the largest market share in Current Sensor Market. Read More

What years does this Current Sensor Market cover?

The report covers the Current Sensor Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Current Sensor Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Current Sensor Market - Size, Share & Forecast

Current Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Current Sensor Market Analysis & Growth. The market is segmented by Type (Hall Effect Sensors, Fiber optic current Sensors, Inductive Current Sensors), End-User (Automotive, Consumer Electronics, Telecom and Networking, Medical, Energy and Power, Industrial), and Geography. The market size and forecasts are provided in terms of value (USD million) for all the above segments.

Current Sensor Industry Overview

The current sensor market is fragmented, with several companies operating in the segment. Significant players are currently focusing on providing customers with cost-competitive products, catering to an intense rivalry in the Market. Key players are Allegro MicroSystems, LLC, TDK Corporation, Infineon Technologies AG, etc.

In August 2023, Texas Instruments introduced new current sensing solutions designed to offer more accuracy and higher integration while simplifying designs, which includes a Hall-effect current sensor that offers the lowest drift in TI's portfolio and new current shunt monitors with a built-in shunt resistor.

In July 2023, Littelfuse Inc. announced the launch of its new Current Sensing Resistor (CSR) family that offers a more cost-effective solution for measuring current within circuits, enabling voltage monitoring, control, and power management of functions such as battery charging and motor speed, while also providing overcurrent protection.