The Global Hall Effect Sensor Market Is Expected To Grow At A Cagr Of 9% By 2025

By Author: Lucintel LLC
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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.
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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.
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... 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.