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Global Current Sensors for Automotive Market Growth 2025-2031

Global Current Sensors for Automotive Market Growth 2025-2031

Product Code:1249592

Published Date: Jan 02,2025

Pages: 109

Region: Global

Category: Automobile & Transportation

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The global Current Sensors for Automotive market size is predicted to grow from US$ 639 million in 2025 to US$ 1464 million in 2031; it is expected to grow at a CAGR of 14.8% from 2025 to 2031.

A current sensor is a sensor that will measure the intensity of the current flowing in electrical conductors. Hybrid electric vehicles (HEV) and electric vehicles (EV) continue to gain share in the overall global automotive market. The battery management system (BMS) for these vehicles carries out the important tasks of keeping the battery operating inside the safe operating area (SOA), monitoring power distribution, and keeping track of the state of charge (SoC). When the battery is the main source of energy for systems in HEVs/EVs, it is essential to have information about its charging and discharging cycles. Current sensors are the main source of information for charging and discharging cycle information by reporting the status of battery SOH to the battery management system. They may be located onboard or externally. For a typical battery, current sensors measure the current flowing into (when charging) or out of (when discharging) the battery.

As the adoption of electric and hybrid vehicles grows, the demand for high-precision current sensors also increases. These sensors play a crucial role in battery management systems, ensuring safe operation and charging efficiency.Modern vehicles increasingly rely on electronic control units (ECUs) to manage various functions, including powertrain, braking systems, and body control. Current sensors provide real-time data support, enhancing the overall intelligence and integration of the vehicle's systems.With the enhancement of automotive safety standards, there is a growing need for current monitoring to ensure the stability and safety of electrical systems. Current sensors can effectively detect anomalies in electrical systems, preventing potential failures and accidents.

Global key players of current sensors for automotive include LEM Holding SA, Allegro Microsystems, LLC, Melexis NV, TDK Micronas, Honeywell International Inc., etc. The top five players hold a share over 62%. 
LP Information, Inc. (LPI) ' newest research report, the “Current Sensors for Automotive Industry Forecast” looks at past sales and reviews total world Current Sensors for Automotive sales in 2024, providing a comprehensive analysis by region and market sector of projected Current Sensors for Automotive sales for 2025 through 2031. With Current Sensors for Automotive sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Current Sensors for Automotive industry.

This Insight Report provides a comprehensive analysis of the global Current Sensors for Automotive landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Current Sensors for Automotive portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Current Sensors for Automotive market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Current Sensors for Automotive and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Current Sensors for Automotive.

This report presents a comprehensive overview, market shares, and growth opportunities of Current Sensors for Automotive market by product type, application, key manufacturers and key regions and countries.

Segmentation by Type:
    Hall Based Current Sensor
    Shunt Based Current Sensor
    xMR Current Sensor
    Others

Segmentation by Application:
    Conventional Vehicle
    Electric Vehicle

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
    LEM Holding SA
    Allegro Microsystems, LLC
    Melexis NV
    TDK Micronas
    Honeywell International Inc.
    Robert Bosch GmbH
    DENSO
    Continental
    Kohshin Electric Corporation
    Infineon
    Nicera
    BYD
    CRRC
    Sinomags Electrical
    Shanghai Baolong Automotive

Key Questions Addressed in this Report
What is the 10-year outlook for the global Current Sensors for Automotive market?
What factors are driving Current Sensors for Automotive market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Current Sensors for Automotive market opportunities vary by end market size?
How does Current Sensors for Automotive break out by Type, by Application?