• A current sense resistor is a device that detects and converts current to an easily measured output voltage, which is proportional to the current through the measured path
  • Current sense resistor is similar to a normal resistor but it offers lower resistance rating and high-power rating
  • Current sense resistors are cost-effective components that help improve system efficiency and reduce losses due to their high measurement accuracy compared to other technologies
  • Current sense resistors are used for protection, control, and monitoring to keep circuits safe during operation in power and instrumentation systems
  • Current sense resistors are available in three packaging types that include through-hole, SMD solder, and bolt-on chassis
  • Current sense resistors are used in various end-use industries such as automotive, consumer electronics, military, telecommunication, and other industries

Growing Demand for Current Sense Resistors in Consumer Electronics Field

  • Current sense resistors are largely used in the consumer electronics field, as they are significantly used in smartphones, computers, and other electronic applications
  • Demand for current sense resistors has increased in the consumer electronics field, as they improve system efficiency and reduce losses due to their high measurement accuracy compared to other technologies
  • Current sense resistors are significantly used in smartphones and computer applications as they are cost effective and offer accurate measurement of current, which plays an important role in consumer electronic devices
  • Furthermore, majority of consumer electronic devices are battery powered. A battery management system continuously monitors the current flow through the electrical circuit, and current sense resistors protect electric circuit from overcurrent flow and overvoltage protection during charging
  • Demand for current sense resistors in the scientific research field is growing as a result of these factors, which is expected to drive the global current sense resistor market during the forecast period

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North America to Lead the Current Sense Resistor Market

  • In terms of region, the global current sense resistor market can be divided into North America, Europe, Asia Pacific, Middle East & Africa, and South America
  • North America is anticipated to dominate the global current sense resistor market throughout the forecast period, as a large number of manufacturers of current sense resistors operate in the region
  • Additionally, many well-established players based in North America are focusing on development of new technology in current sense resistors, which is expected to boost the current sense resistor market in the region during the forecast period
  • The current sense resistor market in Europe and Asia Pacific is expected to expand at a substantial rate during the forecast period. On the other hand, the market in Middle East & Africa and South America is estimated to expand at a moderate pace during the forecast period.

Key Players Operating in the Global Current Sense Resistor Market

The global current sense resistor market was highly fragmented in 2019. Major players operating in the global market are focusing on technological advancements and expansion to meet the rising demand for current sense resistors. Moreover, manufacturers are entering into partnerships for the development of innovative products.

Key players operating in the global current sense resistor market are:

  • Bourns, Inc.
  • Caddock Electronics, Inc.
  • Cyntec Co., Ltd.
  • KOA Speer
  • Ohmite Mfg Co
  • Panasonic Corporation
  • ROHM CO., LTD.
  • Samsung Electro-Mechanics
  • Susumu International
  • TOKEN
  • TT Electronics
  • Viking Tech Corporation
  • Vishay Intertechnology, Inc.
  • Walter Electronic Co. Ltd.
  • YAGEO Corp.

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Global Current Sense Resistor Market: Research Scope

Global Current Sense Resistor Market, by Type

  • Thick Film
  • Thin Film
  • Metal Plate

Global Current Sense Resistor Market, by Packaging

  • Through-hole
  • SMD Solder
  • Bolt-on Chassis

Global Current Sense Resistor Market, by Vertical

  • Automotive
  • Consumer Electronics
  • Industrial
  • Military
  • Telecommunication
    • Others

Read TMR Research Methodology at: https://www.transparencymarketresearch.com/methodology.html

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