Current Sensor Market Share to grow at a CAGR of 10.8% by 2026


The Global Current Sensor Market is expected to grow from USD 2.3 billion in 2021 to USD 3.8 billion by 2026; it is expected to grow at a CAGR of 10.8% during 2021–2026. Key factors fueling this markets growth include growing use of battery-powered systems and increasing focus on renewable energy, high adoption of Hall-effect current sensors, and increasing demand in consumer electronics industry. Deployment of IoT and IIoT with current sensors and increasing manufacturing of hybrid and electric cars create a strong demand for current sensor for efficient industrial operations in the midst of COVID-19.

Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=26656433  

Key Players in the Current Sensor Market comprise companies operating at different stages of the value chain. These include Asahi Kasei Microdevices (AKM) (Japan), ACEINNA (US), Melexis (Belgium), Allegro MicroSystems (US), TDK Corporation (Japan), LEM International (Switzerland), Infineon Technologies (Germany), Tamura Corp. (Japan), Texas Instruments (US), and Honeywell (US). Many of these companies focus on adopting both organic and inorganic growth strategies, such as product launches and developments, agreements, joint ventures, partnerships, expansions, acquisitions, and collaborations to strengthen their position in the market.

Top 2 Players in Current Sensor Market:

Speak to Analyst @ https://www.marketsandmarkets.com/speaktoanalystNew.asp?id=26656433

Asahi Kasei Microdevices (AKM) (Japan) provides a variety of advanced sensing devices based on compound semiconductor technology and sophisticated IC products featuring analog/digital mixed-signal technology integrated circuits (ICs). The company spends heavily on the development of new products and technologies to strengthen its portfolio. AKM continuously realigns its business strategies to meet the changing needs of its customers and proactively branches into new fields to expand its business. The company focuses on enhancing its ability to create new businesses by connecting its technologies, business models, and human resources internally as well as externally through joint R&D, business alliances, and mergers and acquisitions. It has a robust network of distributors and channels in more than 80 countries worldwide.

Infineon Technologies (Germany) is a leading provider of semiconductor and microelectronics solutions. It has been leading the magnetic sensor market as its product portfolio comprises a wide range of magnetic sensors based on Hall-effect, anisotropic magnetoresistive (AMR), giant magnetoresistive (GMR), and tunnel magnetoresistive (TMR) technologies. The company primarily focuses on organic growth strategies, including product launches and developments and expansions. In addition, it also focuses on inorganic growth strategies, such as acquisitions and partnerships, to increase its product offerings and penetrate into new application areas.

Browse For More Details - https://www.marketsandmarkets.com/Market-Reports/current-sensor-market-26656433.html

Comments

Post a Comment

Popular posts from this blog

Trends Shaping the Environmental Test Chambers Market

The   Environmental Test Chambers Market Size  is expected to rise steadily; estimates show that it will reach USD 938 million by 2024 from USD 842 million in 2019, a compound annual growth rate (CAGR) of 2.18%. The most recent market research report outlines this growth trajectory and highlights the several variables that are driving this expansion. A variety of industrial verticals, including aerospace and defence, automotive, telecommunications, and electronics, are served by the market's segmentation based on type, which includes temperature and humidity chambers, customised chambers, and thermal shock chambers. Over the course of the forecast period, factors like strict regulatory requirements, rising need for dependable testing solutions, and technical developments in environmental testing equipment are anticipated to drive market expansion. Download PDF Brochure @  https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=107895228 The environmental test chambers mar...
Read more

Microwave Revolution: Unraveling the Monolithic Microwave IC Market

Image
The   Monolithic Microwave IC Market  showed strong growth, reaching a worth of USD 9.7 billion in 2022 and expected to reach USD 17.0 billion by 2027. It is anticipated that the market would expand at a notable compound annual growth rate (CAGR) of 11.9% from 2022 to 2027. This growth trend shows how Monolithic Microwave Integrated Circuits (MMICs) are becoming more and more popular in a variety of industries. MMICs are essential parts of applications like consumer electronics, aircraft, defence, and telecommunications because of their small size and excellent performance at microwave frequencies. Technological developments, the growing need for high-frequency communication systems, and the extensive use of MMICs in developing technologies are the main factors propelling the market's growth. The MMIC market is expanding significantly due to a number of important factors. The smartphone industry is a major trigger for the spike in demand for Monolithic Microwave Integrated Cir...
Read more

Empowering Connectivity: RF Gallium Nitride Market on Track for $2.8 Billion by 2028

With a projected value of USD 2.8 billion by 2028, the global   RF Gallium Nitride (GaN) Market   is expected to experience significant expansion from its estimated USD 1.5 billion valuation in 2023. Over the course of the forecast period, this projected growth translates into a strong compound annual growth rate (CAGR) of 12.9%. Technological developments, the growing need for high-frequency and high-power devices, and the broad use of GaN technology in a variety of industries, including the automotive, aerospace and defence, and telecommunications sectors, are all considered contributing factors to the market value increase. The market is anticipated to experience substantial growth in the upcoming years as GaN continues to establish itself as a favoured material for RF applications because of its excellent qualities, such as high electron mobility and thermal stability. Download PDF Brochure:   https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=183000597 There are...
Read more