Global Hall-Effect Current Sensors Strategic Business Report 2023: Opportunities in Consumer Electronics Sector


Dublin, May 25, 2023 (GLOBE NEWSWIRE) -- The "Hall-Effect Current Sensors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Hall-Effect Current Sensors estimated at US$982.1 Million in the year 2022, is projected to reach a revised size of US$1.8 Billion by 2030, growing at a CAGR of 7.6% over the analysis period 2022-2030.

Open-Loop, one of the segments analyzed in the report, is projected to record 7.4% CAGR and reach US$911.1 Million by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the Closed-Loop segment is readjusted to a revised 7.9% CAGR for the next 8-year period.

The U.S. Market is Estimated at $254.7 Million, While China is Forecast to Grow at 9.5% CAGR

The Hall-Effect Current Sensors market in the U.S. is estimated at US$254.7 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$211.9 Million by the year 2030 trailing a CAGR of 9.5% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.6% and 7.3% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 7.3% CAGR.

Select Competitors (Total 50 Featured) -

  • ABB Ltd.
  • Allegro MicroSystems LLC.
  • American Aerospace Controls Inc.
  • Asahi Kasei Microdevices Corporation
  • Electrohms Private Limited
  • Honeywell International Inc.
  • Infineon Technologies AG
  • Kohshin Electric Corporation
  • Lem Holding SA
  • Magnesensor Technology
  • Melexis NV
  • Pulse Electronics Corporation
  • STMicroelectronics N.V.
  • TDK Corporation
  • Vacuumschmelze GmbH & Co. KG

Key Attributes:

Report AttributeDetails
No. of Pages462
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$982.1 Million
Forecasted Market Value (USD) by 2030$1800 Million
Compound Annual Growth Rate7.9%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • COVID-19 Outbreak Poised to Dent Market Prospects in the Immediate Term
  • Prevailing Weak Global Economic Environment & Negative Tide in GDP Forecasts Strongly Discourage the Hall-Effect Current Sensor Market in Short Term
  • World Economic Growth Projections (Real GDP, annual % Change) for 2019, 2020 & 2021
  • Global PMI Index Points for the Years 2018, 2019 & 2020
  • Business Climate Indicator in the Euro Area for the Period June 2019 to May 2020
  • Business Confidence Index (BCI) Points for 3Q 2019, 4Q 2019, 1Q 2020, & 2Q 2020
  • Global Sensor Industry
  • World Sensors Market by Application Segment (2020): Percentage Breakdown of Dollar Sales for Automobile Applications, Process & Manufacturing Industries, Machine Tools & General Machinery, HVAC & Building Control, Office Automation & Communication, and Other Markets
  • An Introduction to Current Sensors
  • Hall-Effect Technology
  • Hall-Effect Sensors
  • Different Classifications of Hall-Effect Sensors
  • Hall-Effect Sensors: Select Applications
  • Important Considerations in Designing Hall-Effect Sensors
  • Rising Application Gamut Makes Global Hall-Effect Current Sensor Market to Exhibit Robust Growth Prospects in Medium Term
  • Faster Response & High Accuracy Allow Closed-Loop Current Sensors to Display High Growth
  • World Hall-Effect Current Sensors Market by Type (2020 & 2027): Percentage Breakdown of Sales for Open-Loop, and Closed-Loop
  • Merits of BiCMOS Technology Overshadow CMOS
  • World Hall-Effect Current Sensors Market by Technology (2020 & 2027): Percentage Breakdown of Sales for BiCMOS, and CMOS
  • End-Use Market Analysis: Rising Integration of Electronics Makes Automotive to Enjoy Fastest Growth in Hall-Effect Current Sensor Market
  • World Hall-Effect Current Sensors Market by End-Use (2020 & 2027): Percentage Breakdown of Sales for Industrial Automation, Automotive, Consumer Electronics, Telecommunications, Utilities, and Other End-Uses
  • Regional Analysis: North America Holds Commanding Position in Global Hall-Effect Current Sensor Market
  • World Hall-Effect Current Sensors Market (2020 & 2027): Percentage Breakdown of Sales for Developed and Developing Regions
  • World Hall-Effect Current Sensors Market - Geographic Regions Ranked by Value CAGR for 2020-2027: China, Asia-Pacific, Latin America, Rest of World, USA, Canada, Europe, and Japan
  • Competitive Scenario
  • Recent Market Activity
  • Hall-Effect Current Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Trends in Industrial Automation Augurs Well
  • Industry 4.0 & Smart Factory to Steer Future Expansion
  • Global Investments on Industry 4.0 Technologies (in US$ Billion) for the Years 2017, 2020, & 2023
  • Automotive Industry: Major Consumer
  • World Automobile Production in Million Units: 2008-2022
  • Anti-Lock Braking Systems
  • Opportunities in Consumer Electronics Sector
  • Smartphones & Tablets Boost Prospects
  • Global Market for Smartphones in Billions: 2016-2021
  • Smartphone Penetration Rate as Share of Total Population: 2016-2021
  • Telecommunication: Growing End-Use Vertical
  • Medical Industry Applications: Hall-effect Sensor Competes with TMR Sensor
  • Widening Role of Magnetic Sensors Bodes Well
  • Innovations & Advancements
  • Select Innovations
  • Market Challenges
  • Rise in Demand for Low-priced Products
  • Technological Limitations

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/tkppy1

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Global Market for Hall-Effect Current Sensors

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