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  • Algeria
    Europe’s unforced errors in the Maghreb

    Europe’s unforced errors in the Maghreb

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    Algeria: Postal workers on strike as of Jan. 29

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  • Egypt
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    Egypt efforts to modernise aircraft inventory to drive defence expenditure

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    Arab states boycott regional meeting in divided Libyan capital – World

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      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

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      • South Sudan
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        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

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        Is South Sudan the next major migration movement in the making?

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                  • Algeria
                    Europe’s unforced errors in the Maghreb

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                  • Egypt
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                    • Commentary
                    • Featured
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                  • Libya
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                    Arab states boycott regional meeting in divided Libyan capital – World

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                    • Morocco
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                      Africa IVD Market to be Worth $1.78 Billion by 2029

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                      Europe Eyes Morocco, Africa as 'Future Source of Cheap … – Morocco World News

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                      Strike Over Pensions: Royal Air Maroc Cancels Flights From, To Paris – Morocco World News

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                      • South Sudan
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                        Pope Francis’ plea for trip to Congo and South Sudan: No more bloodshed

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                        Is South Sudan the next major migration movement in the making?

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                        11 killed in South Darfur attacks says state government

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                        • Sudan
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                          Gives on the Go is the space for helping business owners with business credit and financing.

                          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

                          UAE Yahsat’s subsidiary YahClick signs $15mln deal to boost Africa presence

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                          Flood rapid assessment report: Mundri West and East Counties Western Equatoria State 08th -09th September 2022 – South Sudan

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                          Hope for Peace in Sudan as High-Profile Talks Kick Off in Juba

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                          SAGALIAM ACQUISITION CORP. CONFIRMS FUNDING AND EXTENSION OF DEADLINE TO COMPLETE INITIAL BUSINESS COMBINATION

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                          • Tunisia
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                            Tunisia: ASSAD increases turnover by 6% to 102 million dinars in 2022

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                            • North Africa
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                              Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

                              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

                              Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

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                              Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

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                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

                              The Water Project Renforce son Engagement en Faveur de l’Eau Potable dans le Comté de Vihiga, Kenya.

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                              The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

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                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

                                NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

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                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                The 8th edition of the GCC Regulatory Affairs Pharma Summit will take place in Dubai in 2023

                                تستقطب قمة الخليج للشؤون الدوائية في نسختها الثامنة في دبي عام 2023

                                ء ﺑﺎﻟﯿﻮم ﻣﺴﺎﺑﻘﺔ اﻟﺸﺒﺎب ﻟﻠﻔﻨﻮن ﺗﺘﯿﺢ ﻟﻠﻤﻮھﻮﺑﯿﻦ اﻟﺸﺒﺎب ﻓﻲ ﺟﻤﯿﻊ أﻧﺤﺎء اﻟﻌﺎﻟﻢ ﻓﺮﺻﺔ اﻹﺑﺪاع اﺣﺘﻔﺎ اﻟﻌﺎﻟﻤﻲ ﻟﻸﺣﯿﺎء اﻟﺒﺮﯾﺔ

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                                  Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

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                                  Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

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                                  WTTx Market Size is projected to grow around worth US$ 33.0 billion by 2027

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                                  Home Press Releases

                                  Hall-Effect Current Sensor Market Size Estimated to Reach $1.9 Billion by 2027

                                  admin by admin
                                  March 20, 2022
                                  in Press Releases
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                                  (EMAILWIRE.COM, March 20, 2022 ) Hall-effect Current Sensor Market size is estimated to reach $1.9 billion by 2027 at a CAGR of 8.4% during the forecast period 2022-2027. The increase in demand for hall-effect current sensors manufactured using BiCMOS technology (a combination of bipolar junction transistor and complementary metal oxide semiconductor) owing to the various features offered by them over conventional CMOS technology such as high current drive per unit, low input density, and high-power dissipation accelerate the hall-effect current sensor market share. The rise in the usage of fully integrated and programmable current sensors and high demand for open loop hall effect current sensor and closed loop hall effect current sensor among consumers further influence the hall-effect current sensor market. Additionally, an increase in demand for intelligent hall-effect sensors, technological advancements in hall-effect current sensors, research and development, industrialization, growing application areas and expansion of end-user industries positively affect the hall-effect current sensor market. Furthermore, the rise in the need for energy measurement owing to urbanization and industrialization and potential applications in eco-friendly electric integrated with single integrated circuit device and hybrid vehicles extend profitable opportunities to the hall-effect current sensor industry in the forecast period.

                                  Hall-effect Current Sensor Market Segment Analysis – By Deployment

                                  In Hall-effect Current Sensor Market, the Open-loop current sensor is expected to grow at the highest CAGR of 9.6% during the forecast period owing to its low cost, small size, lightweight and low power consumption. In addition, this type of current sensor measure DC, AC and complex current wave forms with galvanic isolation. Similarly Open-loop sensors are increasingly being used in an array of applications, including industrial automation, broadcast equipment, power monitoring, robotics, and battery systems, thus driving the hall-effect current sensors market. Moreover, the demand for open-loop current sensors has increased due to its features including compact size, AC/DC and impulse current measurement, low power consumption, large primary aperture, and high level of electric isolation between primary and secondary circuits. Hence these kind of benefits are analysed to drive the Hall-effect Current Sensor industry outlook in the forecast period 2022-2027.

                                  Hall-effect Current Sensor Market Segment Analysis – By End-User Industry

                                  The Consumer Electronics sector in Hall-effect Current Sensors market is growing at the highest CAGR of 9.5% during the forecast period. There is a rise in the demand of consumer electronic devices such as mobile phones, smart TVs, home theatre 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. Further, the global consumer electronics industry is continuously growing as a result of growing use of advanced and smart electronic devices such as smartphones and increasing standard of living worldwide. Furthermore, companies are investing significantly in R&D activities in consumer electronics devices with people using more number of electronic devices with highly advanced features. Hence these factors are analysed to drive the Hall-effect Current Sensor market growth in the forecast period 2022-2027.

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                                  Report Price: $ 4500 (Single User License)

                                  Hall-effect Current Sensor Market Segment Analysis – By Geography

                                  APAC dominated the Hall-effect Current Sensor market size in 2021 with a share of 33% due to the growing requirement of power management, government supporting industrial automation and growth of the industrial sector in countries such as China, India, South Korea and Japan. Governments of various countries in APAC are taking efforts to propel the hall-effect current sensors industry, owing to significant opportunities in terms of job creation and revenue generation in the industry. For instance, in February 2020, the Government of India proposed a scheme to drive the production of mobile phones and electronic devices as well as their semiconductor modules and electronic components across the country. This Measure by the Government of India to encourage the electronics manufacturing industry in the country is projected to drive the demand for sensors. This, coupled with the increasing number of technological advancements, is expected to support growth of the global hall-effect current sensors market.

                                  Hall-effect Current Sensor Market Drivers

                                  The growing demand for electric vehicles is analysed to drive the Hall-effect Current Sensor market in the forecast period:

                                  The demand for electric vehicles is growing significantly, owing to the plans and initiatives of governments of different countries such as India, China, Germany, the U.S, and others. Hall sensors are widely used in electric vehicles to control displacements and rotations of various parts of the vehicle, vibrations of the engine, the ignition system. In addition, several companies have been increasingly investing in R&D to develop advanced sensors. For instance, Allegro has introduced current sensor ICs allow design engineers to use Hall-effect-based current sensor ICs in new EV and HEV applications where increased energy efficiency or new operating features are required. Further major manufacturers such as General Motors, Toyota, and BMW plan to release the potential of 400 models and estimated global sales of 25 million by 2025. In 2021, Ford Motor has committed to increase its investments in electric vehicles to $30 billion by 2025, up from a previous spend of $22 billion by 2023. Similarly, in 2020, Volkswagen, a Chinese venture has committed to invest $17.5 billion in electric vehicles by 2025. As Hall-effect Current Sensor is used for several applications, hence the rising demand for electric vehicles globally drives the Hall-effect Current Sensor market size in the forecast period 2022-2027.

                                  Technological Advancements of Hall-effect Current Sensor is driving the growth of the market:

                                  Continuous technological advancements, growing use of fully integrated programmable current sensors, and growing demand for intelligent Hall-Effect current sensors are expected to drive the growth of the Hall-Effect current sensor market. Moreover, several companies have been developing advanced sensors to gain market traction. For instance, in July 2020, Texas Instruments launched zero-drift hall-effect current sensor that offers high accuracy and lowest drift while simultaneously providing efficient 3-kVrms isolation. Similarly, in June 2020, Melexis launched its second-generation isolated integrated current sensors, MLX91220 and MLX91221. These sensors are built on the first generation of current sensors that integrate sensing elements and high precision signal conditioning with voltage isolation. In addition, these new generation current sensors can be accessed in miniature SOIC8 narrow body and SOIC16 wide-body packages, which are improved by boosting the bandwidth to 300 kHz. Further, in 2021, Allegro MicroSystems unveiled ACS37610, a new coreless Hall-effect current sensor. This sensor is aimed at demanding automotive and industrial systems, providing more precision and sensitivity, additional fault detection offerings, and customer programmability. Hence these kinds of advancements are analyzed to drive the Hall-effect Current Sensor share in the forecast period 2022-2027.

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                                  Hall-effect Current Sensor Market Challenges

                                  Growing demand for low-cost Hall-Effect current sensors is hampering the market growth

                                  Automotive, consumer electronics, medical, industrial automation, railways, and aerospace & military are among the industries that use Hall-Effect current sensors. The automotive and consumer electronics industries have shown a strong need for Hall-Effect-based current sensors. Both of these industries are quickly expanding, yet they confront fierce pricing rivalry in the market. As a result, players in these industries seek low-cost Hall-Effect current sensors to keep the end product’s price low. This low cost of the sensor will hamper the Hall-effect Current Sensor market growth in the forecast period 2022-2027.

                                  Hall-effect Current Sensor Industry Outlook

                                  Product launches, acquisitions, Partnerships, and R&D activities are key strategies adopted by players in the Hall-effect Current Sensor Market. In 2021, the market of Hall-effect Current Sensor industry outlook has been fragmented by several companies. Hall-effect Current Sensor top 10 companies include:

                                  ABB

                                  Melexis N.V

                                  Allegro Microsystems, Inc.

                                  LEM International S.A.

                                  Honeywell International, Inc.

                                  TDK Corporation

                                  Texas Instruments, Inc.

                                  Asahi Kasei Microdevices Corporation

                                  Infineon Technologies AG

                                  Honeywell International Inc

                                  Acquisitions/Technology Launches

                                  In June 2020, Allegro MicroSystems, LLC introduced an advanced hall-effect current sensor with accurate 400 kHz Current Sensor IC with 5 kV isolation rating. Enabling more efficient power conversion in higher frequency switching applications, the ACS37002 has 400kHz sensing bandwidth up to 180 A with low offset and better than 1% typical total accuracy over the full -40°C to 150°C auto temperature range.

                                  In March 2020, Paragraf, the leader in graphene-based transformative electronic devices, announced a new graphene Hall Effect sensor ideally suited to battery applications, such as the electric vehicle (EV) sector.

                                  In March 2019, Allegro MicroSystems has launched its latest Hall effect current sensor IC, which delivers its highest speed and accuracy in >400A sensing applications to date. It is best suited for hybrid and electric vehicle inverter applications that need high accuracy sensing to 1000Amps or more, the ACS70310 offers diagnostic functions that can help improve functional safety and reliability.

                                  Key Takeaways

                                  In Hall-effect Current Sensor Market, the Open-loop current sensor is expected to grow at the highest CAGR of 9.6% during the forecast period owing to its low cost, small size, lightweight and low power consumption

                                  APAC dominated the Hall-effect Current Sensor market size in 2021 with a share of 33% due to the growing requirement of power management, government supporting industrial automation and growth of the industrial sector in countries such as China, India, South Korea and Japan.

                                  Continuous technological advancements, growing use of fully integrated programmable current sensors, and growing demand for intelligent Hall-Effect current sensors are expected to drive the growth of the Hall-Effect current sensor market.

                                  Hall-effect Current Sensor companies are strengthening their position through mergers & acquisitions and continuously investing in research and development (R&D) activities to come up with solutions to cater to the changing requirements of customers.

                                  Relevant Reports:

                                  Current Sensor Market

                                  https://www.industryarc.com/Report/19067/current-sensor-market

                                  For more Electronics related reports, please click here

                                  About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



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