Growing demand for the current sensing & measurement amplifiers in IoT devices and electric vehicle industries and rising penetration for the smaller or compact sizing factor, are propelling the market enforcement.
Market Size – USD 1.76 billion in 2019, Market Growth - CAGR of 12.8%, Market Trends – A huge growth in the electronics & EV market and implementation of the 5G mobile communication technology.
The Global Current Sense Amplifier Market is projected to reach USD 4.65 billion by 2027. The market is fueled by the rising trend of compact sizing factors in end-use applications in IOT devices along with increasing demand for amplifying the small voltage to provide high bandwidth in the presence of large common-mode voltage, along with the growing need for the real-time overcurrent protection, current metering and monitoring for the closed-loop feedback and power monitoring facility for system optimization. Any technology that heightens the overall performance of the electric vehicles, including battery management system (BMS), traction inverters, on-board chargers, and current measurement & precision management, among others, are substantially being adopted by the EV OEMs. Current sensing amplifiers have its applications in high-voltage subsystems for measuring large currents at a high common-mode voltage, and high performance measurement even in a harsh environment for both the heavy-duty vehicles and even 2-wheelers.
The COVID-19 impact:
The COVID-19 pandemic has created endless disruptions to the manufacturing or production industries due to a shortage of resources in different parts of the world. The leading players in the industry are skeptical about the market's future and try to redesign their strategies to support the challenge. The pandemic had a serious impact on the research & development as the companies are being refrained from investing in any newer aspect of research or product innovation for the time being. The manufacturing industries also have been disrupted due to reduced available human resources. The companies are incorporating different techniques to increase the production volume and trying to develop innovative solutions at an affordable price, which can meet customer requirements at a much lower cost and support the overall breakthrough required for a sustainability in the increased internet penetration.
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Further key findings from the report suggest
- Space Saving CSA is growing with the fastest CAGR of 14.6% during the forecast period owing to the huge development in the compact and space-saving sizing factors incorporated in the IoT devices & EV designing & system integration.
- Based the usage and the prices set for the CSAs, the low side sensing is projected to reach a market share of 43.8% by 2027, having grown at a CAGR of 11.4% during the forecast period. A higher growth rate has been observed for the high side sensing sub-segment.
- The growing popularity of the electronic devices, technological innovation, and widespread use of the internet has augmented the demand for the IOT devices and its ever-growing application in the industry.
- In June 2019, Texas Instruments launched one of the smallest current-sense amplifiers available in the industry in a leaded package. Yet being smallest, the CSA is claimed to be the most accurate comparators having an internal 1.2-V or 0.2-V reference. This INA185 current-sense amplifier, and the open-drain TLV4021 & push-pull TLV4041 comparators allow engineers & manufacturers to design a simpler, smaller, and more integrated & active systems having maintained the overall high performance.
- In December 2017, Semtech Corporation, a renowned supplier of the high performance analog & mixed-signal systems with advanced algorithms, announced its success of the current sense amplifier where it was mentioned as EDN’s Hot 100 products for the year 2017. Innovation, popularity, usefulness was considered for shortlisting the products.
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For the purpose of this report, Reports and Data have segmented into the global on the basis of type, sales channel, form, end-use verticals, and region:
Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
- Precision CSA
- High-Voltage CSA
- Low-Voltage CSA
- Space Saving CSA
- Others
Technology Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
- High Side Sensing
- Low Side Sensing
Current Flow Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
- Unidirectional
- Bidirectional
End-Use Verticals Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
- Electronics and IOT
- Industrial
- Automotive
- Telecommunication
- Others
Regional Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
- North America
- Europe
- Asia Pacific
- MEA
- Latin America
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