New Market Report: Hall Effect Current Sensor Market - Global Forecast to 2020

Hall Effect Current Sensor Market by Technology (BICMOS, CMOS), Type (Open-Loop, Closed-Loop), Application (Automotive, Consumer Electronics, Industrial Automation), and Geography (North America, Europe, Asia-Pacific) - Global Forecast to 2020

"Advancement in the sensor technologies is the key driver for the growth of Hall effect current sensor market"

The Hall effect current sensor market is expected to grow from USD 737.2 million in 2015 to USD 1.10 billion by 2020, at a CAGR of 8.5% during the forecast period. The factors driving the Hall effect current sensor market are technological advancements (in sensors), easy installation process of these sensors, and use of galvanic isolation principle. Hall effect current sensors have continuously been evolving. These sensors are now manufactured with BiCMOS technology, a combination of bipolar junction transistor and complementary metal oxide semiconductor. BiCOMS have high current drive per unit, low input density, high power dissipation, and low noise as compared to conventional COMS technology.

Full Report Details at
- http://www.fastmr.com/prod/1098977_hall_effect_current_sensor.aspx?afid=301

"The automotive industry holds the largest share in the hall effect current sensor market in 2015"

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. As a result, the hall sensors, with their proven cost efficiency and performance, are emerging as the key technology with respect to the current measurement in automotive applications. Whereas consumer electronics is expected to grow at the highest CAGR in Hall effect current sensor market in the coming years.

"The Asia-Pacific region holds the largest share and expected to grow with highest CAGR in the hall effect current sensor market from 2015 to 2020"

APAC's market is currently riding on a prosperous growth curve in terms of consumption of Hall effect current sensors for various applications. Industries such as consumer electronics, automotive, and industry automation are expected to exhibit high growth in this region. Countries such as Japan, India, South Korea, and China are driving the market of Hall effect current sensors in this region. However, China's economic downturn could act as a hindrance to the growth of this regional market. North America is estimated to account for the second-largest market share by the end of the forecast period. The consumer electronics segment is the fastest-growing application segment of the Hall effect current sensor market in North America.

In the process of determining and verifying the market size for several segments and sub-segments gathered through secondary research, extensive primary interviews were conducted with key people. Break-up of profile of primary participants is given below as:

Breakdown of profile of primary participants:

About Fast Market Research

Fast Market Research is a leading distributor of market research and business information. Representing the world's top research publishers and analysts, we provide quick and easy access to the best competitive intelligence available. Our unbiased, expert staff is always available to help you find the right research to fit your requirements and your budget.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156 (1.413.485.7001 Int'l)

You may also be interested in these related reports:

- Automotive Rain Sensor Market - Trends and Forecast to 2020
- Wireless Portable Medical Device Market - Global Forecast to 2020
- 3D Imaging Market - Global Forecast to 2020
- Perimeter Security Market - Global Forecast to 2020
- Augmented Reality Market - Global Forecast to 2020