The disruptive impact of the COVID-19 pandemic is the near term and the long-term are still uncertain. Hence, companies in the current sense amplifiers market are responding to the coronavirus situation by evaluating their workforce, supply chains, and market demand. Analysts at the Transparency Market Research (TMR) are anticipating a dip in revenue projections for the upcoming months. However, the semiconductor industry is exhibiting resilience by tapping into business opportunities in essential industries such as telecom, industrial, and defense.
A slowdown in vehicle sales has created challenges for companies in the current sense amplifiers market. However, companies are looking beyond their immediate supply base and understanding disruptions caused to indirect components and suppliers. As such, the proliferation of the 5G technology is predicted to create value-grab opportunities in a staggered manner.
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Application Safety Facilitates Faster Design Time and Reduced Bill of Materials
The current sense amplifiers market is expected to cross the revenue mark of US$ 5.5 Bn by 2030. This is evident since there is a growing demand for high voltage and precision current sense amplifiers. Manufacturers are increasing their production capabilities in systems that deliver bidirectional or unidirectional current measurements. For instance, STMicroelectronics— a European semiconductor chip maker, is manufacturing high accuracy current sense amplifiers that provide integrated solutions for faster design time and reduced bill of materials.
Moreover, robustness and application safety are paving the way for manufacturing automotive-grade qualified amplifiers. As such, tolerance to high voltage ranges and protection mechanisms are being preferred by end customers. Enhanced protection mechanisms are vital for handling negative voltage in high power systems, such as batteries, in electric vehicles. The improved current sense amplifiers are eliminating the need for additional external protection components.
General-Purpose Operational Amplifiers Offer Flexibility in Specific Use Cases
Component designers are faced with many options to resolve the issues associated with manufacturing accurate current-measurement circuit for cost-optimized applications. Hence, designers in companies such as Texas Instruments— a U.S. semiconductor design & manufacturing company, are using general-purpose operational amplifiers (op amps) to enable flexibility in specifically tailored components for equipment and devices. Manufacturers in the current sense amplifiers market are identifying circuit/function problem statements to address specific use cases of customers.
Companies in the current sense amplifiers market are increasing the availability of alternative solutions that are beneficial for circuit optimization. They are increasing efforts to address common and challenging functional circuits to boost their credibility in the market landscape. As such, current sense amplifiers are being extensively used to provide information for controlling the current in power systems and prevent overheating or short-circuits.
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High Accuracy Current Sense Amplifiers Provide Better Thermal Performance and Measurements
Manufacturers in the current sense amplifiers market are increasing their R&D activities to produce precision systems that allow designers to measure small voltage drops across shunt resistors. These resistors are necessary to minimize power dissipation. There is a growing demand for highly accurate current measurements via current sense amplifiers for better thermal performance. In order to improve the efficiency of current sense amplifiers, manufacturers are educating customers about high-side and low-side configuration and about the direction of current flows to meet specific end use cases. Companies in the current sense amplifiers market are enabling better accuracy in measurements for amplifiers by taking into consideration errors related to offset and accuracy gain.
Precision Current Sense Amp Boosting Motor Efficiency in Electric Vehicles
Bidirectional current sense amplifiers are being highly publicized for improving motor efficiency in vehicles. Complex and sensitive systems such as self-driving vehicles require extremely accurate sensing feedback in order to deploy high level of functionality and increased safety. Innovative product offerings are bolstering the growth of the current sense amplifiers market, which is projected to expand at a robust CAGR of ~11% during the forecast period. Thus, the electric vehicles (EVs) industry is creating revenue streams for semiconductor companies.
The sensor technology in EVs is being leveraged with high accuracy current sense amplifiers, since current sensors are needed to control energy flow and optimize efficiency in subsystems such as traction inverters, battery management systems, and on-board chargers.
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