The Global Hall Effect Current Sensor Market is Estimated at USD 737.2 Million in 2015

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Dec 09, 2015, 05:10 ET

DUBLIN, Dec. 09, 2015 /PRNewswire/ --

Research and Markets (http://www.researchandmarkets.com/research/z62297/hall_effect) has announced the addition of the "Hall Effect Current Sensor Market - Global Forecast to 2020" report to their offering.

Hall effect current sensors have specific applications across various industry verticals. There is a rise in the demand of consumer electronic devices such as mobile phones, media players, smart TVs, home theatre systems, digital cameras, washing machines, wearable devices, and gaming devices that use current sensors.

The Global Hall Effect current sensor market is estimated at USD 737.2 Million in 2015, and is expected to grow at a CAGR of 8.5% from 2015 to 2020 to reach USD 1.10 Billion by 2020. The major drivers of the market are the new technological advancements, easy installation process of sensors, and use of galvanic isolation principle which ensures the safety of users.

The growth of the automotive electronic control systems is driven largely by the safety and driver convenience features, and is expected to significantly propel the demand of sensor technologies. With the increasing use of Internet, telecommunication devices are also becoming IP enabled, due to which the current sensor technologies are majorly being used for integrating wireless and IP features.

Closed-loop current sensors market is expected to grow with highest CAGR in the next five years because they are very fast with high linearity, and also displays low temperature drifts.

Geographically, the market has been segmented into North America, Europe, Asia-Pacific, and RoW (South America and Middle East & Africa). Asia-Pacific is estimated to account for the largest share of the global market in 2015, followed by North America and Europe. This is mainly due to the fact that majority of the global population is concentrated in this region.

Reasons to Buy the Report:

The report will help the market leaders/new entrants in this market in the following ways:

This report segments the hall effect current sensor market comprehensively and provides the closest approximations of the revenue numbers for the overall market and the sub segments across the different verticals and regions.
The report helps stakeholders to understand the pulse of the market and provides them information on key market drivers, restraints, challenges, and opportunities.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Market Overview

5 Hall Effect Current Sensor Market, By Technology

6 By Type

7 By Application

8 By Geography

9 Competitive Landscape

10 Company Profiles