Hall-effect Current Sensors Market: Introduction
Transparency Market Research delivers key insights on the global hall-effect current sensors market. In terms of revenue, the global hall-effect current sensors market is estimated to expand at a CAGR of ~7% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global hall-effect current sensors market.
The global hall-effect current sensors market is broadly affected by several factors, including government efforts to boost the electronics industry and rising use of technologically advanced consumer electronics devices. Thus, increasing application of hall-effect current sensors in different sectors is propelling the global market for hall-effect current sensors.
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Hall-effect Current Sensors Market: Key Players
Key players operating in the global hall-effect current sensors market are ABB, Allegro MicroSystems, LLC, Asahi Kasei Microdevice Corporation, Broadcom, Honeywell International Inc., Infineon Technologies AG, Kohshin Electric Corporation, LEM Holding SA, Melexis NV, STMicroelectronics, and TDK Corporation.
Global Hall-effect Current Sensors Market: Segmentation
Hall-effect Current Sensors Market, by Output Type
- Linear
- Digital
Hall-effect Current Sensors Market, by Technology
- Close Loop Current Sensor
- Open Loop Current Sensor
Hall-effect Current Sensors Market, by Sensing Current Range
- 5A – 30A
- 30A – 50A
- 50A – 100A
- 100A – 150A
- 150A – 200A
- Above 200A
Hall-effect Current Sensors Market, by End-use Industry
- Automotive
- Consumer Electronics
- Industrial Automation
- Telecommunication
- Others
Hall-effect Current Sensors Market: Dynamics
The global consumer electronics industry is continuously growing as a result of growing use of advanced and smart electronic devices such as smartphones and increasing standards of living worldwide. Companies are investing significantly in R&D activities in consumer electronics devices with people using more number of electronic devices with highly advanced features. The device size is becoming compact due to advancements in these devices. This has led to use of a large number of sensors, especially micro-sensors and miniaturization of electronic circuits. The growth in the use of sensors is driving the demand for hall-effect current sensors. The increasing scope of applications of intelligent hall-effect current sensors in the industrial sector is also one of the prominent reasons for the overall growth of the market. Thus, rising demand for technologically advanced consumer electronics devices is expected to have a significant positive impact on the global hall-effect current sensors market between 2019 and 2030.
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Key Questions Answered in TMR’s Study on Hall-effect Current Sensors Market
- What would be the Y-o-Y growth trend of the global hall-effect current sensors market between 2020 and 2030?
- What is the influence of changing trends in technology on the global hall-effect current sensors market?
- Would North America continue to be the most dominant regional market for providers of hall-effect current sensors in the next few years?
- Which factors would hinder the global hall-effect current sensors market during the forecast period?
- Which are leading companies operating in the global hall-effect current sensors market?
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