Hall-Effect Current Sensor Market Size, Industry Analysis Report, Regional Outlook, Application Development Potential, Price Trend, Competitive Market Share & Forecast, 2020 - 2026

Report ID: GMI2316




Summary Methodology

Hall-Effect Current Sensor Market size is anticipated to grow steadily over the forecast timeline. The growing demand can be attributed to the advantages offered such as extremely low power consumption and the property of these devices to reduce the current consumption from milliamps to microamps. The ongoing technological developments are the major factors fueling the hall-effect current sensor market. For instance, in September 2017, Silicon Labs unveiled the Si72xx products, which enhance the sensitivity and power efficiency and are designed to resist harsh industrial environments.
 

Increasing demand for fully integrated and programmable sensors is anticipated to drive the hall-effect current sensor market growth. Owing to their applications in current sensing, speed detection, positioning, and proximity switching, they play a key role in several industries. Galvanic isolation-based devices are used for both DC and AC measurements and feature zero-voltage loss. These benefits play a significant role in driving the hall-effect current sensor market.
 

Various expansion strategies, such as product developments, business expansions, and collaborations undertaken by major industry players, are expected to propel the industry growth over the forecast time span. For instance, SEC Electronics, Inc. announced a new hall-effect current sensor, specifically for industrial and automotive sectors, in 5 V supply applications. However, growing research and development activities in the industry and its usage in the automotive sector, such as hybrid electric vehicles, provide significant opportunities to the hall-effect current sensor market.
 

The high manufacturing cost of these sensors is expected to hinder the hall-effect current sensor market growth. Factors such as lower measuring and detection accuracy as compared to that of fluxgate magnetometers or magneto-resistance based devices are the other challenges that pose threat to the industry demand.
 

The hall-effect current sensor market is segmented into open-loop and closed loop. The closed-loop devices are projected to grow at a high rate owing to their applications in critical industries such as aerospace, defense, automotive, and medical. Features such as higher accuracy and faster response time have led to an increase in the adoption. Open loop systems are prone to temperature drift & saturation and are less immune to electrical noise as compared to closed-loop sensors.
 

By end-use, the hall-effect current sensor market is classified as automotive, industrial automation, consumer electronics, medical, utilities, aerospace & defense, telecommunication, and railways. Due to various applications of the devices in the automotive industry, such as current measurement for overcurrent protection, control of motor drives, battery management, and converter control, they are significant in the automotive industry. Increasing number of automotive industries in emerging economies, such as China and India, contribute to the hall-effect sensor market growth. The rising demand for eco-friendly hybrid vehicles in the automotive sector also contributes towards the growth. Moreover, they are utilized in consumer electronics applications, such as in digital cameras, household appliances, and electronic instruments.
 

The hall-effect current sensor market is classified into CMOS and BiCMOS technology. The BiCMOS technology reduces the density of the integrated circuit and enhances the operations by improving the speed. It also features low input density, high current drive per unit, and high-power dissipation as compared to CMOS. It led to an increased demand for BiCMOS technology based products in various industries such as automotive and consumer electronics.
 

The Asia Pacific hall-effect current sensor market is projected to dominate the industry over the forecast timespan. This growth can be attributed to the increasing need for power management in growing economies including Japan, South Korea, India, and China. The expanding cloud connectivity systems have led to the increasing adoption of Industrial Internet of Things (IIoT) based devices in this region. The rise in the number of consumer electronics and automotive industries in Asia Pacific is propelling the industry growth.
 

Companies operating in the hall-effect current sensor market are American Aerospace Controls, ABB Ltd., Magnesensor Technology, Sanken Electric Company Ltd., Honeywell International, Inc., Vacuumschmelze GmbH & Co., KG, Pulse Electronics Corporation, Infineon Technologies AG, Kohshin Electric Corporation, Asahi Kasei Microdevices Corporation, HARTING Technology Group, Melexis NV, and Electrohms Private Limited. The growing competition among these players to introduce new products with advanced technologies is providing impetus to the hall-effect current sensor market.
 


What Information does this report contain?

Historical data coverage: 2015 to 2019; Growth Projections: 2020 to 2026.
Expert analysis: industry, governing, innovation and technological trends; factors impacting development; drawbacks, SWOT.
6-7 year performance forecasts: major segments covering applications, top products and geographies.
Competitive landscape reporting: market leaders and important players, competencies and capacities of these companies in terms of production as well as sustainability and prospects.


Customize this Report

Pre Book Now

Single User: $5,150 Access to only 1 person; cannot be shared; cannot be printed
Multi User: $7,150 Access for 2 to 5 users only within same department of one company
Enterprise User: $9,150 Access to a company wide audience; includes subsidiary companies or other companies within a group of companies

Need a Discount? Get in touch with us for special pricing

Request Discount

Our Market Research Reports Include:

  • Market snapshot
  • Market Segmentation
  • Value Chain Analysis
  • Growth Dynamics
  • Potential Market Opportunities
  • Regulatory Overview
  • Technology Evolution
  • Innovation & Sustainability

Connect with our sales team

GMIPulse Subscription Trial

Take a free trial of GMIPuse, our report store; designed to provide clients a range of market research services, all on a single platform.

Start Your Free Trial

Benefits of Association

Data Coverage & Quality

GMI reports provide the most comprehensive coverage of any focus industry, ensuring a holistic and deep understanding of the market, along with actionable and granular data. We also take pride in our commitment to quality and strive to ensure that our clients get their moneys worth.

Client Trust & Security

GMI maintains strict code of conduct as a business and is committed to ensure that the privacy and trust of our clients are always maintained. As an organization, we also strive to be fully compliant with privacy laws, PCI and information security guidelines.

Customer Service

Our customers rely on us to produce accurate, reliable and timely information. Service orientation is a key mission for us as an organization; our process is guided by the desire to ensure that our clients are provided the best possible solutions in optimal timeframe. GMI stands by its commitment to service, providing timely assistance in both pre-sales and post-sales support for our clients.

We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies. More info X