The Asia Pacific hall-effect current sensor market is projected to dominate the industry over the forecast timespan. This growth can be attributed to the increasing need for power management in growing economies including Japan, South Korea, India, and China. The expanding cloud connectivity systems have led to the increasing adoption of Industrial Internet of Things (IIoT) based devices in this region. The rise in the number of consumer electronics and automotive industries in Asia Pacific is propelling the industry growth.
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Increasing demand for fully integrated and programmable sensors is anticipated to drive the hall-effect current sensor market growth. Owing to their applications in current sensing, speed detection, positioning, and proximity switching, they play a key role in several industries. Galvanic isolation-based devices are used for both DC and AC measurements and feature zero-voltage loss. These benefits play a significant role in driving the hall-effect current sensor market.
The hall-effect current sensor market is classified into CMOS and BiCMOS technology. The BiCMOS technology reduces the density of the integrated circuit and enhances the operations by improving the speed. It also features low input density, high current drive per unit, and high-power dissipation as compared to CMOS. It led to an increased demand for BiCMOS technology-based products in various industries such as automotive and consumer electronics.
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By end-use, the hall-effect current sensor market is classified as automotive, industrial automation, consumer electronics, medical, utilities, aerospace & defense, telecommunication, and railways. Due to various applications of the devices in the automotive industry, such as current measurement for overcurrent protection, control of motor drives, battery management, and converter control, they are significant in the automotive industry.
Increasing number of automotive industries in emerging economies, such as China and India, contribute to the hall-effect sensor market growth. The rising demand for eco-friendly hybrid vehicles in the automotive sector also contributes towards the growth. Moreover, they are utilized in consumer electronics applications, such as in digital cameras, household appliances, and electronic instruments.
Companies operating in the hall-effect current sensor market are American Aerospace Controls, ABB Ltd., Magnesensor Technology, Sanken Electric Company Ltd., Honeywell International, Inc., Vacuumschmelze GmbH & Co., KG, Pulse Electronics Corporation, Infineon Technologies AG, Kohshin Electric Corporation, Asahi Kasei Microdevices Corporation, HARTING Technology Group, Melexis NV, and Electrohms Private Limited.
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