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Future trends of Hall Effect Current Sensor Market

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Hall effect current sensor market is estimated at USD 737.2 Million in 2015, and is expected to reach USD 1.10 Billion by 2020 at a CAGR of 8.5% from 2015 to 2020 – PowerPoint PPT presentation

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Title: Future trends of Hall Effect Current Sensor Market


1
MarketsandMarkets Presents
Hall Effect Current Sensor Market worth
1.10 Billion USD by 2020
http//www.marketsandmarkets.com/Market-Reports/ha
ll-effect-current-sensor-market-201606539.html
2
  • According to the new market research report "Hall
    Effect Current Sensor Market by Technology
    (BICMOS, CMOS), Type (Open-Loop, Closed-Loop),
    Application (Automotive, Consumer Electronics,
    Industrial Automation), and Geography (North
    America, Europe, Asia-Pacific) - Global Forecast
    to 2020", the Hall Effect current sensor market
    is expected to grow from USD 737.2 Million in
    2015 to USD 1.10 Billion by 2020, at a CAGR of
    8.5 from 2015 to 2020. Hall effect current
    sensors have specific applications in various
    industry verticals including automotive, consumer
    electronics, homeland security, healthcare, and
    defense. The factors driving the hall effect
    current sensor market are development of new
    technology such as BiCMOS technology, easy
    installation process of sensors, and use of
    galvanic isolation principle which ensures the
    safety of users.
  • http//www.marketsandmarkets.com/Market-Reports/ha
    ll-effect-current-sensor-market-201606539.html.

3
  • The consumer electronics application segment is
    expected to grow at the highest CAGR from 2015 to
    2020
  • Due to improved sensitivity, hall effect current
    sensors are used in a variety of applications,
    such as automotive, consumer electronics,
    industrial automation, telecommunication,
    building automation, aerospace defense,
    medical, and railways. There is a rise in the
    demand of consumer electronic devices such as
    mobile phones, media players, smart TVs, home
    theater systems, digital cameras, washing
    machines, wearable devices, and gaming devices
    that use current sensors. The increasing
    popularity of electronic compass and navigational
    equipment in consumer electronic devices will
    also lead to an increase in the consumption of
    hall sensors in the consumer electronics segment.
  • By 2020, the market share of the closed-loop
    current sensor segment is expected to grow very
    rapidly
  • Currently, the open-loop hall effect current
    sensors segment holds the largest share of the
    overall hall effect current sensor market and is
    estimated to register highest market size till
    2020. This segment is driven by its features such
    as cost effectiveness, low power consumption, and
    less space requirement. The closed-loop current
    sensor segment is expected to witness high
    adoption in the coming years because of its high
    level of accuracy, fast performance, high
    linearity, and low temperature drifts.

4
  • Asia-Pacific is estimated to hold the largest
    share and grow at the highest CAGR during the
    forecast period
  • In 2014, Asia-Pacific accounted for the largest
    share of the overall hall effect current sensor
    market and is also expected to grow at the
    highest CAGR between 2015 and 2020, followed by
    North America.
  • The established players are opting for strategic
    collaborations and research and development
    activities for the advancements in the sensors
    technology as well as their potential
    applications.
  • Major players in the hall effect current sensor
    market are LEM Holding SA (Switzerland), ABB Ltd.
    (Switzerland), Honeywell Sensing Controls
    (U.S.), and Tamura Corporation (Japan), Asahi
    Kasei Microdevices Corporation (Japan), Allegro
    Microsystems, LLC (U.S.), Infineon Technologies
    AG (Germany), Melexis NV (Belgium), Micronas
    Semiconductor Holding AG (Switzerland), and TDK
    Corporation (Japan).
  • This report describes the market trends, drivers,
    and challenges with respect to the hall effect
    current sensor market and forecasts the market
    till 2020. This global report provides a detailed
    view of the market across the four geographies,
    namely, the North America, Europe, Asia-Pacific,
    and Rest of the World which includes Middle East
    and Africa.

5
About MarketsandMarkets
MarketsandMarkets is a global market research and
consulting company based in the U.S. We publish
strategically analyzed market research reports
and serve as a business intelligence partner to
Fortune 500 companies across the
world. MarketsandMarkets also provides
multi-client reports, company profiles,
databases, and custom research services. They
cover thirteen industry verticals, including
advanced materials, automotives and
transportation, banking and financial services,
biotechnology, chemicals, consumer goods, energy
and power, food and beverages, industrial
automation, medical devices, pharmaceuticals,
semiconductor and electronics, and
telecommunications and IT. We at
MarketsandMarkets are inspired to help our
clients grow by providing apt business insight
with our huge market intelligence repository.
6
Contact Us
ContactMr. RohanMarkets and Markets UNIT no
802, Tower no. 7, SEZMagarpatta city,
HadapsarPune, Maharashtra 411013,
India1-888-600-6441Email sales_at_marketsandmarket
s.com MarketsandMarkets Bloghttp//twitter.com/m
arketsmarkets
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