The Global Hall Effect Sensor Market is Expected to Grow at a CAGR of 9% by 2025

According to a new market report by Lucintel, the future of the global hall effect sensor market looks promising with opportunities in the consumer electronics, industrial, automotive, telecommunication, healthcare, and utility industries. The global hall effect sensor market is expected to grow with a CAGR of 9% from 2020 to 2025. The major growth drivers for this market are growing need for energy management for urbanization and industrialization and high usage of fully integrated and programmable current sensors.

To download report brochure, please go to https://www.lucintel.com/hall-effect-sensor-market.aspx and click "download brochure" tab from the menu.

In this market, open-loop hall-effect current sensors and closed-loop hall-effect current sensors are the two major product types. Lucintel forecasts that the closed-loop segment is expected to witness the highest growth over the forecast period due to growth of the automotive and healthcare industries. Also, the better features, such as higher accuracy and faster response time, of closed-loop hall effect sensors have led to an increase in their adoption.

Within this market, consumer electronics is expected to witness the highest growth over the forecast period because a number of consumer electronic devices have started incorporating electronic compasses as part of navigational equipment for the purpose of identifying the real-time location of a device itself.

Asia Pacific region is expected to witness the highest growth over the forecast period due to growth of the consumer electronics and automotive industries.

STMicroelectronics, ABB Ltd, Allegro MicroSystems, LLC. Asahi Kasei Microdevices Corporation, Infineon Technologies AG, and Honeywell International Inc. are among the major manufacturers of the global hall effect sensor market.

Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global hall effect sensor market by product type, technology, end use industry, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Hall Effect Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis”. This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global Hall Effect sensor market by product type, technology, end use industry, and region as follows:

By Product Type [$M shipment analysis for 2014–2025]:

Open-Loop Hall-Effect Current Sensors

Closed-Loop Hall-Effect Current Sensors

 

By Technology [$M shipment analysis for 2014–2025]:

BiCMOS

CMOS

 

By End Use Industry [$M shipment analysis for 2014–2025]:

Industrial

Automotive

Consumer Electronics

Telecommunication

Utilities

Healthcare

Others

 

By Region [$M shipment analysis for 2014–2025]:

North America

United States

Canada

Mexico

 

Europe

Germany

UK

Italy

 

Asia Pacific

China

Japan

India

South Korea

Rest of the World

This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.

 

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due Diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.