Current Sensor Market - Company Evaluation Report, 2025 (Abridged Report)

The Current Sensor Market Companies Quadrant is a comprehensive industry analysis that provides valuable insights into the global market for Current Sensor Market. This quadrant offers a detailed evaluation of key market players, technological advancements, product innovations, and emerging trends shaping the industry. MarketsandMarkets 360 Quadrants evaluated over 100 companies, of which the Top 21 EVA Films Companies were categorized and recognized as the quadrant leaders.

A current sensor is a device that detects electrical current flowing through a conductor and converts it into a measurable output, typically a voltage or current proportional to the detected current. It plays a crucial role in power and instrumentation systems by generating signals in analog or digital form, which can be displayed on ammeters or recorded in data acquisition systems (DAS) for further analysis. Initially used for circuit protection and control, current sensing has evolved with technological advancements to optimize the performance of fans, pumps, motors, and other electrical loads across various industries, ensuring efficient operation and system reliability.

The current sensors market is experiencing significant growth driven by the rising adoption of Hall-effect sensors, increasing demand from the consumer electronics industry, and the expanding electric vehicle (EV) and hybrid electric vehicle (HEV) market. Hall-effect sensors are gaining traction due to their high accuracy, contactless operation, and reliability in measuring current in various applications, from industrial automation to automotive systems. In consumer electronics, the growing use of battery-powered devices, including smartphones, wearables, and laptops, has fueled the need for efficient current sensing to enhance power management and battery life. The shift toward EVs and HEVs has also created substantial opportunities, as these vehicles require precise current monitoring for battery management, motor control, and energy efficiency. This increasing electrification across industries positions current sensors as crucial in modern power management and control systems.

Product launches, acquisitions, collaborations, partnerships, and expansions are the major growth strategies adopted by companies in the current sensors market. These strategies have enabled key players to expand their global footprint by offering products across major regions and meeting the ever-changing industry demand.

The 360 Quadrant maps the Current Sensor Market companies based on criteria such as revenue, geographic presence, growth strategies, investments, and sales strategies for the market presence of the Current Sensor Market quadrant. The top criteria for product footprint evaluation included Current sensing methods (contactless sensing, Contact-based sensors), loop type (open-loop, closed-loop sensors) Offering(isolated sensors and non-isolated sensors) By Technology(magnetic current sensors (Hall-effect, AMR, GMR, TMR, and fluxgate), current sensing amplifier, opto-isolated OP amp, shunt-isolated OP amp, and others) By mounting Type(PCB-mounted, standalone modules, and DIN rail-mounted sensors.) By Measurement range(low, medium, and high current sensors) By output type(analog and digital) and INDUSTRY (automotive, consumer electronics, telecom & networking, healthcare, industrial, energy & power, and others).

Key Players:

Key players operating in the current sensors market are Asahi Kasei Corporation (Japan), Infineon Technologies AG (Germany), Allegro MicroSystems, Inc. (US), LEM International SA (Switzerland), Melexis (Belgium), TDK Corporation (Japan), Honeywell International Inc. (US), OMRON Corporation (Japan), STMicroelectronics (Switzerland), Analog Devices, Inc. (US), Broadcom (US), KOHSHIN ELECTRIC CORPORATION (Japan), VACUUMSCHMELZE GMBH & CO. KG (Germany), Texas Instruments Incorporated (US), TAMURA Corporation (Japan), YAGEO Group (Taiwan), Aceinna (US), ICE Components, Inc. (US), American Aerospace Controls (India), ELECTROHMS PRIVATE LIMITED (US), and DARE Electronics, Inc. (US), among others.

Allegro MicroSystems, Inc.

Allegro MicroSystems, Inc. specializes in the design and marketing of sensor ICs, focusing on motor control and magnetic field sensing applications. As a subsidiary of Sanken Electric Co., Ltd., Allegro has diversified its product offerings, notably in the Power Integrated Circuits and Magnetic Sensors segments. The company's Magnetic Sensors segment is centered around innovation, offering sensors that support energy efficiency across applications like xEV powertrains and solar inverters . Allegro's strategic acquisition of Crocus Technology in August 2023 aims to fortify its leadership in e-Mobility and clean energy solutions . Despite facing currency exchange risks and competing in a saturated semiconductor market, Allegro's commitment to R&D and product innovation strengthens its competitive edge .

LEM International SA

LEM International SA is recognized for its extensive range of current and voltage transducers and sensors. With a robust market presence across North America, Europe, and Asia Pacific, the company leverages its five operational segments—Automation, Automotive, Renewable Energy, Energy Distribution & High Precision, and Track. LEM emphasizes expanding its R&D capabilities and maintains a production network across key regions, ensuring its products meet diverse application needs . LEM's focus on exploiting core business strengths while exploring new market opportunities underpins its strategy .

Infineon Technologies AG

Infineon Technologies AG develops semiconductor and microelectronic solutions catering to automotive, industrial power control, and consumer electronics sectors. The company's Power & Sensor Systems segment is particularly crucial to its operations in the current sensors market. By harnessing its technological prowess, Infineon aims to provide solutions that enhance energy-efficient applications across various sectors, including mobile devices and infrastructure . Its diverse product lineup and strategic expansions solidify its position as a leader in technological innovation .