DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Hall Effect Current Sensor Market - Global Forecast to 2020" report to their offering.
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.
Hall effect current sensors have specific applications across various industry verticals. The fastest growing applications of these sensors are consumer electronics, automotive, and telecommunication industries. 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 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. 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.
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Market Overview
5 Hall Effect Current Sensor Market, By Technology
6 Global Hall Effect Current Sensor Market, By Type
7 Hall Effect Current Sensor Market, By Application
8 Hall Effect Current Sensor Market, By Geography
9 Competitive Landscape
10 Company Profiles
- Abb Ltd.
- Allegro Microsystems, Llc
- Asahi Kasei Microdevices Corporation
- Electrohms Pvt Ltd
- Honeywell Sensing & Controls
- Infineon Technologies AG
- Kohshin Electric Corporation
- Lem Holding SA
- Melexis NV
- Micronas Semiconductor Holdings AG
- Pulse Electronics Corporation
- Stmicroelectronics NV
- TDK Corporation
- Tamura Corporation
- Texas Instruments Inc.
- Vacuumschmelze GMBH & Co. KG
For more information visit http://www.researchandmarkets.com/research/tnz83m/hall_effect