Global Hall-Effect Current Sensor Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2028
“Global Hall-effect Current Sensor Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global hall-effect current sensor market report has been segmented on the basis of sensor type, technology, output, industrial vertical, and region.
Global Hall-effect Current Sensor Market: Overview
Hall-effect current sensor is a type of transducer, which reacts to magnetic field and changes its voltage output accordingly. It enables non-contact detection and uses hall element, magnetic electric and convert it in order to detect direct or alternating currents. Output provided by hall-effect sensors can be displayed on either digital or analog displays. It is used for current sensing, positioning, detection, and proximity sensing. Hall-effect sensors can be classified into bipolar hall-effect sensors and unipolar hall-effect sensors. Hall-effect sensors are capable of measuring large current, as they provide highly repeatable operation and can operate in wide range of temperatures.
Global Hall-effect Current Sensor Market: Dynamics
Increasing adoption of programmable and integrated current sensors for various applications is a major factor driving growth of the global hall-effect current sensor market. In addition, growing consumer electronics sector, coupled with increasing number of technological advancements are also factors expected to support growth of the global market. Hall-effect sensors have small conductivity as they are built from semiconductor materials and have low carrier density. Furthermore, increasing scope of applications of intelligent hall-effect current sensors in industrial sector is another key factor expected to support growth of the global hall-effect current sensor market in the near future.
However, hall-effect current sensors work on principle of magnetic field and it is possible to interfere in output of current flow by external magnetic fields. This factor may hamper growth of the global hall-effect current sensor market.
Growing use of hall-effect sensors in automotive industry especially for electric and hybrid vehicles can create high revenue opportunities for players in the target market.
Global Hall-effect Current Sensor Market: Segment Analysis
Among the sensor type segments, the closed-loop current sensor segment is expected to account for high growth in terms of revenue in the global market. The closed-loop current sensor has quick response time with high accuracy is a factor supporting growth of this segment in the global market.
Among the industrial vertical segments, the automotive segment is expected to account for fastest growth in terms of revenue over the forecast period. Increasing use of hall-effect sensor in automotive industry for battery management, current control, and many other applications is a factor anticipated to drive growth of this segment in the target market.
Global Hall-effect Current Sensor Market: Regional Analysis
Market in Asia Pacific is expected to dominate in the global market in terms of revenue over the forecast period. Growing requirement of power management and growing industrial sector in countries in this region especially China, India, South Korea, and Japan are some of the factors expected to drive growth of the market in this region. Market in North America is expected to account for second-highest share in terms of revenue, followed by Europe.
Global Hall-effect Current Sensor Market Segmentation:
Segmentation by sensor type:
- Closed-Loop Current Sensor
- Open-Loop Current Sensor
Segmentation by technology:
Segmentation by output:
Segmentation by industrial vertical:
- Aerospace & Defense
- Industrial Automation
- Consumer Electronics
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- ABB Ltd
- Honeywell International, Inc.
- STMicroelectronics N.V.
- Allegro MicroSystems LLC
- Asahi Kasei Microdevices Corporation
- Infineon Technologies AG
- Melexis NV
- LEM Holding SA
- TDK Corporation
- Kohshin Electric Corporation
Request for TOC
Request for Customization
Don't just take our word. We are trusted by these great companies!