Market Overview:
The global aerospace hall-effect current sensors market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for aircrafts and rising air traffic across the globe. Additionally, the increasing adoption of electric vehicles is also propelling the growth of this market. Based on type, the global aerospace hall-effect current sensors market can be segmented into open-loop and closed-loop types. The open-loop type is expected to hold a larger share in this market owing to its low cost and easy installation process. Based on application, this market can be segmented into civilian and military applications.
Product Definition:
Aerospace Hall-Effect Current Sensors are used to measure the amount of current flowing through a conductor. They are important because they can provide precise measurements of current, which is necessary for many aerospace applications.
Open-Loop:
Open-loop is a current sensor with no feedback. It can be used in applications where the output is not required to be proportional to the input. The most common application of an open-loop sensor would be a hall effect current sensor, which uses copper wire sensing and produces an output that varies linearly with respect to its position in proximity to the magnetic field.
Closed-Loop:
Closed-loop and it's usage in Aerospace Hall-effect current sensors market is expected to grow at a significant rate owing to the increasing demand for Electric Aircraft. The growth of electric aircraft can be attributed to the growing concerns over Greenhouse Gas (GHG) emissions, which has led various governments across the globe to introduce regulations pertaining to aviation fuel efficiency. These factors are anticipated drive closed-loop and it's usage in aerospace hall effect current sensors market growth over the forecast period.
Application Insights:
The civilian application segment held the largest share of over 70.0% in 2017. The segment is expected to witness significant growth owing to increasing use of Hall-effect current sensors in electric vehicles, consumer electronics and powertrain applications. Increasing passenger and commercial vehicle sales, particularly in developed economies such as North America and Europe are anticipated to augment demand for electric vehicles during the forecast period.
The military application segment is projected to expand at a CAGR of XX% from 2018 to 2030 owing to rising adoption of hall-effect current sensors by defense aircraft manufacturers for various applications including weapon bay doors, missile launch detection systems and sensorless fire control systems on fighter aircrafts among others.
Regional Analysis:
North America accounted for the largest share of over 40% in 2017. The region is expected to maintain its lead throughout the forecast period owing to increasing military and commercial aircraft production, coupled with rising demand from other sectors such as rail and marine. In addition, growing adoption of electric vehicles is also expected to drive industry growth in North America.
The Asia Pacific market was valued at USD X million in 2017 and is anticipated to witness significant growth over the forecast period owing to rapid industrialization along with expanding aerospace & defense sector mainly in China, India, Japan, South Korea and Taiwan among others is anticipated will boost product demand across this region over the next eight years as Hall Effect current sensors are used extensively across these industries for monitoring purposes on a large scale in applications such as position sensing devices (PSDs), speed sensing devices (SSDs) train control systems etc.
Growth Factors:
- Increasing demand for aircrafts and spacecrafts
- Growing number of electric vehicles
- Rising adoption of Hall-Effect current sensors in smart grids
- Proliferation of IoT devices
- Growing demand for energy-efficient systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Aerospace Hall-Effect Current Sensors Market Research Report
By Type
Open-Loop, Closed-Loop
By Application
Civilian, Military
By Companies
American Aerospace Controls, Meggitt PLC, TT Electronics, Honeywell
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
206
Number of Tables & Figures
145
Customization Available
Yes, the report can be customized as per your need.
Global Aerospace Hall-Effect Current Sensors Market Report Segments:
The global Aerospace Hall-Effect Current Sensors market is segmented on the basis of:
Types
Open-Loop, Closed-Loop
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Civilian, Military
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- American Aerospace Controls
- Meggitt PLC
- TT Electronics
- Honeywell
Highlights of The Aerospace Hall-Effect Current Sensors Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Open-Loop
- Closed-Loop
- By Application:
- Civilian
- Military
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Aerospace Hall-Effect Current Sensors Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Aerospace Hall-Effect Current Sensors are a type of sensor that uses the Hall effect to measure current. This type of sensor is used in applications that require accurate measurements of small currents, such as in electric vehicles and medical devices.
Some of the major companies in the aerospace hall-effect current sensors market are American Aerospace Controls, Meggitt PLC, TT Electronics, Honeywell.
The aerospace hall-effect current sensors market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Aerospace Hall-Effect Current Sensors Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Aerospace Hall-Effect Current Sensors Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Aerospace Hall-Effect Current Sensors Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Aerospace Hall-Effect Current Sensors Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Aerospace Hall-Effect Current Sensors Market Size & Forecast, 2020-2028
4.5.1 Aerospace Hall-Effect Current Sensors Market Size and Y-o-Y Growth
4.5.2 Aerospace Hall-Effect Current Sensors Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Open-Loop
5.2.2 Closed-Loop
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Civilian
6.2.2 Military
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Aerospace Hall-Effect Current Sensors Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Aerospace Hall-Effect Current Sensors Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Open-Loop
9.6.2 Closed-Loop
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Civilian
9.10.2 Military
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Open-Loop
10.6.2 Closed-Loop
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Civilian
10.10.2 Military
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Open-Loop
11.6.2 Closed-Loop
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Civilian
11.10.2 Military
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Open-Loop
12.6.2 Closed-Loop
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Civilian
12.10.2 Military
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Open-Loop
13.6.2 Closed-Loop
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Civilian
13.10.2 Military
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Aerospace Hall-Effect Current Sensors Market: Competitive Dashboard
14.2 Global Aerospace Hall-Effect Current Sensors Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 American Aerospace Controls
14.3.2 Meggitt PLC
14.3.3 TT Electronics
14.3.4 Honeywell
