Market Overview:
The global TMR current sensor market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for TMR current sensors in automotive, consumer electronics, industrial applications, and other applications. Closed loop TMR current sensors are expected to hold the largest share of the global TMR current sensor market by type during the forecast period. This can be attributed to their high accuracy and reliability as compared to open loop TMR current sensors. Asia Pacific is expected to be the fastest growing region for the global TMR current sensor market during the forecast period owing to rising demand from countries such as China and India.
Product Definition:
A TMR current sensor is a type of current sensor that uses the principle of time-dependent magnetic reluctance (TMR) to measure the magnitude and direction of a magnetic field. The TMR current sensor is important because it can be used to measure the magnitude and direction of a magnetic field with high precision.
Closed Loop TMR Current Sensor:
Closed-loop TMR current sensor is a new term in the market and it has been used for the first time in 2015. The major driving factors responsible for its growth are increasing demand of high accuracy sensors, low cost of production, and growing need to measure magnetic flux density. These sensors have applications in automotive sector which is expected to drive its demand over the forecast period.
Open Loop TMR Current Sensor:
Open-loop TMR current sensor is a device used to measure the current through a magnetic tunnel junction. It is an analog electrical sensor that generates an output voltage proportional to the average of the currents through all of its terminals. The Open-loop TMR Current Sensor can be used in various applications such as automotive, industrial, and consumer electronics among others.
Application Insights:
The automotive application segment accounted for the largest revenue share of over 40% in 2017. The growing demand for electric and hybrid vehicles is expected to drive the growth of this segment over the forecast period. TMR current sensors are used as an alternative to Potentiometers, which have been found faulty in many modern day cars due to their aged design and manufacturing processes.
TMR Current sensor eliminates need for hall effect sensor or optical proximity detector (OPD) since it provides a digital output signal proportional to the proximity of metal parts on a vehicle¢â‚¬â„¢s engine bay, thereby eliminating any blind spots caused by non-proximity detection technologies such as inductive or optical sensing devices that were previously used in automobiles.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region’s growth can be attributed to increasing automotive production, favorable government regulations for electric vehicles, and rising demand for consumer electronics with improved battery life. China accounted for a major share of global TMR current sensor manufacturing owing to low labor costs coupled with easy availability of raw materials such as rare earth elements (REE).
The North America market was valued at USD X million in 2017 and is projected to witness significant growth over the forecast period owing to technological advancements along with increased focus on fuel economy across various applications such as passenger cars, industrial machinery, and mobile phones among others. Moreover REE are also extracted from these deposits which further boosts their utilization in current sensing devices thus driving regional market growth during the forecast period.
Growth Factors:
- Increasing demand for miniaturization in consumer electronics
- Rising demand from the automotive industry
- Growing popularity of electric and hybrid vehicles
- Proliferation of IoT-enabled devices
- Development of advanced sensing technologies
Scope Of The Report
Report Attributes
Report Details
Report Title
TMR Current Sensor Market Research Report
By Type
Closed Loop TMR Current Sensor, Open Loop TMR Current Sensor
By Application
Automotive, Consumer Electronics, Industrial Applications, Other
By Companies
TDK Micronas, Infineon Technologies, MultiDimension Technology, Sensitec GmbH, Allegro Microsystems
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
242
Number of Tables & Figures
170
Customization Available
Yes, the report can be customized as per your need.
Global TMR Current Sensor Market Report Segments:
The global TMR Current Sensor market is segmented on the basis of:
Types
Closed Loop TMR Current Sensor, Open Loop TMR Current Sensor
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
Automotive, Consumer Electronics, Industrial Applications, Other
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:
- TDK Micronas
- Infineon Technologies
- MultiDimension Technology
- Sensitec GmbH
- Allegro Microsystems
Highlights of The TMR 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:
- Closed Loop TMR Current Sensor
- Open Loop TMR Current Sensor
- By Application:
- Automotive
- Consumer Electronics
- Industrial Applications
- Other
- 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 TMR 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
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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?
A TMR Current Sensor is a type of sensor that measures the current flowing through it. It is often used in electronic devices to determine the amount of power being consumed.
Some of the major players in the tmr current sensor market are TDK Micronas, Infineon Technologies, MultiDimension Technology, Sensitec GmbH, Allegro Microsystems.
The tmr current sensor market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 TMR 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 TMR Current Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 TMR 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 TMR 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 TMR Current Sensor Market Size & Forecast, 2020-2028
4.5.1 TMR Current Sensor Market Size and Y-o-Y Growth
4.5.2 TMR Current Sensor 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 Closed Loop TMR Current Sensor
5.2.2 Open Loop TMR Current Sensor
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 Automotive
6.2.2 Consumer Electronics
6.2.3 Industrial Applications
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global TMR 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 TMR 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 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 Closed Loop TMR Current Sensor
9.6.2 Open Loop TMR Current Sensor
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 Automotive
9.10.2 Consumer Electronics
9.10.3 Industrial Applications
9.10.4 Other
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 Closed Loop TMR Current Sensor
10.6.2 Open Loop TMR Current Sensor
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 Automotive
10.10.2 Consumer Electronics
10.10.3 Industrial Applications
10.10.4 Other
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 Closed Loop TMR Current Sensor
11.6.2 Open Loop TMR Current Sensor
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 Automotive
11.10.2 Consumer Electronics
11.10.3 Industrial Applications
11.10.4 Other
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 Closed Loop TMR Current Sensor
12.6.2 Open Loop TMR Current Sensor
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 Automotive
12.10.2 Consumer Electronics
12.10.3 Industrial Applications
12.10.4 Other
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 Closed Loop TMR Current Sensor
13.6.2 Open Loop TMR Current Sensor
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 Automotive
13.10.2 Consumer Electronics
13.10.3 Industrial Applications
13.10.4 Other
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 TMR Current Sensor Market: Competitive Dashboard
14.2 Global TMR Current Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 TDK Micronas
14.3.2 Infineon Technologies
14.3.3 MultiDimension Technology
14.3.4 Sensitec GmbH
14.3.5 Allegro Microsystems
