Market Overview:
The global automobile current sensor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for electric vehicles and rising awareness about energy efficiency. The Hall-Effect current sensors segment is expected to dominate the market during the forecast period, owing to their high accuracy and reliability. However, AMR current sensors are expected to grow at a higher CAGR due to their low cost and easy installation.
Product Definition:
An automobile current sensor is a device that monitors the electrical current flowing through an automobile's electrical system. The sensor is typically used to detect and diagnose problems with the vehicle's electrical system.
Hall-Effect Current Sensors:
Current sensors are used to measure the flow of a specific type of electric current in an electrical circuit. The most commonly used types of current sensors are amorphous silicon, thin-film, and Hall Effect.
The market for hall effect current sensor is expected to witness significant growth over the forecast period owing to its increasing application areas such as industrial automation systems, consumer electronics devices such as smartphones and tablets along with automotive applications.
AMR Current Sensors:
AMR current sensors are used to measure the amperage draw of each circuit. It is mainly used in electric vehicles (EV) and power tools that have multiple circuits. The product helps in monitoring the battery performance, identifying any issues such as overcharging or undercharging, and also displays information about load conditions like short circuits etc.
The automotive industry has been witnessing a significant change with respect to technology adoption for vehicle electrification.
Application Insights:
Conventional vehicles accounted for the largest share of over 70.0% in 2017 owing to the increasing production of passenger cars and LCVs globally. The conventional vehicle segment is further divided into small & large trucks, buses, coaches and minivans, light & heavy-duty vehicles including tractors and agricultural machinery.
The electric car application segment is expected to witness significant growth over the forecast period owing to various benefits associated with this technology such as reduced weightage on road making it travel faster than other vehicles having a similar mass; reduction in wind resistance resulting in increased efficiency; elimination of friction resulting in increased range; etc. These aforementioned factors are likely to increase electric car sales which would propel demand for ECUs worldwide over the coming years.
Regional Analysis:
Asia Pacific is expected to be the fastest-growing region, owing to increasing demand for automobiles in countries such as China and India. The growing population in these countries has led to an increase in the number of vehicles on roads, which will have a positive impact on market growth over the forecast period. Furthermore, favorable government regulations aimed at reducing pollution levels and promoting fuel efficiency are anticipated to drive industry growth over the coming years.
Europe accounted for more than 25% of global revenue share in 2017 due to stringent emission norms implemented by various governments across Europe that require automakers operating within their jurisdictionto install certain safety systems such as start-stop system or anti-pollution system called Diesel Particulate Filters (DPF). These filters need replacement after some time, thereby driving up product demand. Also, technological advancements coupled with increased focus on vehicle safety are likely boost regional market development over the next eight years.
Growth Factors:
- Increasing demand for electric and hybrid vehicles
- Rising disposable income of consumers in developing countries
- Stringent emission norms by regulatory authorities
- Proliferation of advanced automotive technologies
- Growing popularity of vehicle tracking and fleet management systems
Scope Of The Report
Report Attributes
Report Details
Report Title
Automobile Current Sensor Market Research Report
By Type
Hall-Effect Current Sensors, AMR Current Sensors, GMR Current Sensors, TMR Current Sensors, Other
By Application
Conventional Vehicles, Electric Cars
By Companies
Asahi Kasei Microdevices Corporation, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, LEM Holding SA, Honeywell International Inc., Infineon Technologies AG, Kohshin Electric Corporation, Sensitec GmbH, Pulse Electronics Corporation, MultiDimension Technology
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
222
Number of Tables & Figures
156
Customization Available
Yes, the report can be customized as per your need.
Global Automobile Current Sensor Market Report Segments:
The global Automobile Current Sensor market is segmented on the basis of:
Types
Hall-Effect Current Sensors, AMR Current Sensors, GMR Current Sensors, TMR Current Sensors, Other
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
Conventional Vehicles, Electric Cars
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:
- Asahi Kasei Microdevices Corporation
- Allegro Microsystems, LLC
- Melexis NV
- TDK Micronas
- LEM Holding SA
- Honeywell International Inc.
- Infineon Technologies AG
- Kohshin Electric Corporation
- Sensitec GmbH
- Pulse Electronics Corporation
- MultiDimension Technology
Highlights of The Automobile Current Sensor 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:
- Hall-Effect Current Sensors
- AMR Current Sensors
- GMR Current Sensors
- TMR Current Sensors
- Other
- By Application:
- Conventional Vehicles
- Electric Cars
- 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 Automobile Current Sensor 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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?
An automobile current sensor is a device that measures the electrical current flowing through an automotive wiring system. This information is used to diagnose and repair problems with the system.
Some of the major companies in the automobile current sensor market are Asahi Kasei Microdevices Corporation, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, LEM Holding SA, Honeywell International Inc., Infineon Technologies AG, Kohshin Electric Corporation, Sensitec GmbH, Pulse Electronics Corporation, MultiDimension Technology.
The automobile current sensor market is expected to grow at a compound annual growth rate of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automobile Current Sensor 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 Automobile Current Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automobile Current Sensor 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 Automobile Current Sensor 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 Automobile Current Sensor Market Size & Forecast, 2018-2028
4.5.1 Automobile Current Sensor Market Size and Y-o-Y Growth
4.5.2 Automobile Current Sensor Market Absolute $ Opportunity
Chapter 5 Global Automobile Current Sensor 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 Automobile Current Sensor Market Size Forecast by Type
5.2.1 Hall-Effect Current Sensors
5.2.2 AMR Current Sensors
5.2.3 GMR Current Sensors
5.2.4 TMR Current Sensors
5.2.5 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Automobile Current Sensor 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 Automobile Current Sensor Market Size Forecast by Applications
6.2.1 Conventional Vehicles
6.2.2 Electric Cars
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automobile Current Sensor 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 Automobile Current Sensor 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 Automobile Current Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Automobile Current Sensor 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 Automobile Current Sensor Market Size Forecast by Type
9.6.1 Hall-Effect Current Sensors
9.6.2 AMR Current Sensors
9.6.3 GMR Current Sensors
9.6.4 TMR Current Sensors
9.6.5 Other
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 Automobile Current Sensor Market Size Forecast by Applications
9.10.1 Conventional Vehicles
9.10.2 Electric Cars
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 Automobile Current Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Automobile Current Sensor 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 Automobile Current Sensor Market Size Forecast by Type
10.6.1 Hall-Effect Current Sensors
10.6.2 AMR Current Sensors
10.6.3 GMR Current Sensors
10.6.4 TMR Current Sensors
10.6.5 Other
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 Automobile Current Sensor Market Size Forecast by Applications
10.10.1 Conventional Vehicles
10.10.2 Electric Cars
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 Automobile Current Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Automobile Current Sensor 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 Automobile Current Sensor Market Size Forecast by Type
11.6.1 Hall-Effect Current Sensors
11.6.2 AMR Current Sensors
11.6.3 GMR Current Sensors
11.6.4 TMR Current Sensors
11.6.5 Other
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 Automobile Current Sensor Market Size Forecast by Applications
11.10.1 Conventional Vehicles
11.10.2 Electric Cars
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 Automobile Current Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Automobile Current Sensor 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 Automobile Current Sensor Market Size Forecast by Type
12.6.1 Hall-Effect Current Sensors
12.6.2 AMR Current Sensors
12.6.3 GMR Current Sensors
12.6.4 TMR Current Sensors
12.6.5 Other
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 Automobile Current Sensor Market Size Forecast by Applications
12.10.1 Conventional Vehicles
12.10.2 Electric Cars
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) Automobile Current Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Automobile Current Sensor 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) Automobile Current Sensor Market Size Forecast by Type
13.6.1 Hall-Effect Current Sensors
13.6.2 AMR Current Sensors
13.6.3 GMR Current Sensors
13.6.4 TMR Current Sensors
13.6.5 Other
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) Automobile Current Sensor Market Size Forecast by Applications
13.10.1 Conventional Vehicles
13.10.2 Electric Cars
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 Automobile Current Sensor Market: Competitive Dashboard
14.2 Global Automobile Current Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Asahi Kasei Microdevices Corporation
14.3.2 Allegro Microsystems, LLC
14.3.3 Melexis NV
14.3.4 TDK Micronas
14.3.5 LEM Holding SA
14.3.6 Honeywell International Inc.
14.3.7 Infineon Technologies AG
14.3.8 Kohshin Electric Corporation
14.3.9 Sensitec GmbH
14.3.10 Pulse Electronics Corporation
14.3.11 MultiDimension Technology
