Title: Future trends of Hall Effect Current Sensor Market
1MarketsandMarkets 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.
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