Magnetic Current Sensor Market worth $3.51 billion by 2030 - Exclusive Report by MarketsandMarketsâ„¢

is projected to grow from USD 1.98 billion in 2025 to USD 3.51 billion by 2030, at a CAGR of 12.1% according to a new report by MarketsandMarketsâ„¢. The high adoption of hall-effect current sensors is a key driver of the magnetic current sensor market, owing to their versatility, cost-effectiveness, and ability to measure both AC and DC currents. These sensors provide accurate, contactless current measurement, making them ideal for a wide range of applications such as electric vehicles, industrial automation, consumer electronics, and power supplies. Their non-intrusive design ensures safety and system integrity, while advancements in integration and packaging have enabled compact, energy-efficient solutions. The growing need for reliable, real-time current monitoring across various industries continues to accelerate the demand for Hall-effect sensors worldwide.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=187942507

Browse in-depth TOC on "Magnetic Current Sensor Market" 
130 – Tables
70 – Figures
230 – Pages

Magnetic Current Sensor Market Report Scope:

Report Coverage

Details

Market Revenue in 2025

$ 1.98 billion

Estimated Value by 2030

$ 3.51 billion

Growth Rate

Poised to grow at a CAGR of 12.1%

Market Size Available for

2021–2030

Forecast Period

2025–2030

Forecast Units

Value (USD Million/Billion)

Report Coverage

Revenue Forecast, Competitive Landscape, Growth Factors, and Trends

Segments Covered

By Offering, Installation Type, Technology, Type, Application, and Region

Geographies Covered

North America, Europe, Asia Pacific, and Rest of World

Key Market Challenge

Miniaturization and Integration Complexity

Key Market Opportunities

Expansion of Electric Vehicles and Smart Infrastructure

Key Market Drivers

Increasing Adoption of Electronic Devices Across Industries

Magneto-resistive to exhibit highest growth rate in magnetic current sensor market.

Magneto-resistive technology-based current sensors are expected to exhibit the highest CAGR in the current magnetic sensor market due to their superior sensitivity, precision, and low power consumption compared to traditional sensing methods. Technologies such as Anisotropic Magnetoresistance (AMR), Giant Magnetoresistance (GMR), and Tunnel Magnetoresistance (TMR) offer excellent linearity and stability, making them ideal for applications requiring compact form factors and high accuracy, such as battery management systems, industrial equipment, and advanced consumer electronics. The miniaturization capabilities of these sensors allow for seamless integration into densely packed electronic devices. Additionally, the growing demand for smart and connected systems, especially in electric vehicles and IoT applications, is accelerating the adoption of magneto-resistive sensors.

Automotive sector to account for largest share of magnetic current sensor market.

The automotive industry dominates the magnetic current sensor market due to the accelerating transition toward electric and hybrid vehicles, which require precise and efficient current sensing for critical functions such as battery management, motor control, power distribution, and onboard charging. Magnetic current sensors are essential for monitoring current flow in high-voltage systems, enabling safety, energy efficiency, and real-time system diagnostics. Additionally, the growing integration of advanced driver assistance systems (ADAS), infotainment units, and intelligent power electronics in modern vehicles further boosts the demand for accurate and compact current sensing solutions. As global regulations emphasize lower emissions and improved energy efficiency, automakers are increasingly relying on magnetic current sensors to enhance vehicle performance, safety, and regulatory compliance.

Inquiry Before Buying: https://www.marketsandmarkets.com/Enquiry_Before_BuyingNew.asp?id=187942507

Asia Pacific estimated to be largest magnetic current sensor market during forecast period.

Asia Pacific holds a dominant position in the magnetic current sensor industry, driven by its expansive industrial base, strong growth in electric vehicle production, and rising investments in renewable energy and automation technologies. Countries like China, Japan, South Korea, and India are major manufacturing centers for automotive, consumer electronics, and energy infrastructure sectors that require reliable, efficient current sensing solutions. The region benefits from a high concentration of semiconductor and sensor manufacturers, enabling rapid innovation and cost-effective mass production. In particular, the growing demand for electric mobility, solar inverters, battery management systems, and smart appliances has significantly increased the use of magnetic current sensors. Government initiatives focused on energy efficiency, local production, and the adoption of clean technology are further fueling market growth. This combination of high demand, supportive policies, and manufacturing capabilities positions Asia Pacific as the global leader in magnetic current sensor adoption and development.

Key Players

The magnetic current sensor companies includes Tier I and II players, such as Allegro MicroSystems, Inc. (US), Infineon Technologies AG (Germany), TDK Corporation (Japan), Asahi Kasei Corporation (Japan), LEM International SA (Switzerland), Melexis (Belgium), and TAMURA Corporation (Japan), among others.

Get 10% Free Customization on this Report: https://www.marketsandmarkets.com/requestCustomizationNew.asp?id=187942507

Browse Adjacent Market: Semiconductor and Electronics Market Research Reports &Consulting

See More Latest Semiconductor Reports:

SCADA Market by Component (Programmable Logic Controllers (PLCs), Remote Terminal Units (RTUs), Human-machine Interfaces (HMIs), Communication Systems, Input/Output (I/O) Devices, Sensors, Actuators, Terminal Blocks, Connectors) - Global Forecast to 2030

Digital Twin Market by Deployment (PaaS, SaaS), Application (Product Design & Development, Predictive Maintenance, Performance Monitoring, Business Optimization), Industry (Automotive & Transportation, Oil & Gas) and Region - Global Forecast to 2030

About MarketsandMarketsâ„¢

MarketsandMarketsâ„¢ has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarketsâ„¢ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. With the widest lens on emerging technologies, we are proficient in co-creating supernormal growth for clients across the globe.

Today, 80% of Fortune 2000 companies rely on MarketsandMarkets, and 90 of the top 100 companies in each sector trust us to accelerate their revenue growth. With a global clientele of over 13,000 organizations, we help businesses thrive in a disruptive ecosystem.

The B2B economy is witnessing the emergence of $25 trillion in new revenue streams that are replacing existing ones within this decade. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.

Built on the 'GIVE Growth' principle, we collaborate with several Forbes Global 2000 B2B companies to keep them future-ready. Our insights and strategies are powered by industry experts, cutting-edge AI, and our Market Intelligence Cloud, KnowledgeStore™, which integrates research and provides ecosystem-wide visibility into revenue shifts.

To find out more, visit www.MarketsandMarkets™.com or follow us on Twitter , LinkedIn and Facebook .

Contact:
Mr. Rohan Salgarkar
MarketsandMarketsâ„¢ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA: +1-888-600-6441
Email: sales@marketsandmarkets.com
Visit Our Web Site: https://www.marketsandmarkets.com/
Research Insight: https://www.marketsandmarkets.com/ResearchInsight/magnetic-current-sensor-companies.asp
Content Source: https://www.marketsandmarkets.com/PressReleases/magnetic-current-sensor.asp

Logo: https://mma.prnewswire.com/media/1868219/MarketsandMarkets_Logo.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/magnetic-current-sensor-market-worth-3-51-billion-by-2030---exclusive-report-by-marketsandmarkets-302507712.html