Current Sense Amplifier Market To Reach USD 4.65 Billion By 2027 | Reports And Data
- 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 market growth
- Market Size – USD 1.76 billion in 2019, Market Growth - CAGR of 12.8%, Market Trends – Massive growth of the electronics & EV market and implementation of the 5G mobile communication technology
NEW YORK, Aug. 13, 2020 /PRNewswire/ -- 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, particularly in IoT devices, along with increasing demand for amplifying the small voltage to provide high bandwidth in the presence of large common-mode voltage. The growing need for real-time overcurrent protection, current metering, and monitoring for the closed-loop feedback and power monitoring facility for system optimization is also boosting the market growth. 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.
LM358 pinout, LM358 comparator, LM358 amplifier circuit, LM324 pinout, LM358 Arduino, and LTC6102, among others, are some of the widely used solutions demanded by the end-users.
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The demand for the high power efficiency, consistency in the connection, and stringent linearity have increased the usability of the power and current sensing amplifiers.
COVID-19 Impact Analysis:
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 eing 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 sustainability in the increased internet penetration.
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Further key findings from the report suggest
For the purpose of this report, Reports and Data have segmented into the global on the basis of type, sales channel, form, end-use vertical, and region:
Type Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Technology Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Current Flow Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
End-Use Vertical Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
Regional Outlook (Revenue: USD Billion; Volume: Million Units; 2017-2027)
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