Market Share of Current Sensor Industry
The current sensor market is fragmented, with several companies operating in the segment. Significant players are currently focusing on providing customers with cost-competitive products, catering to an intense rivalry in the Market. Key players are Allegro MicroSystems, LLC, TDK Corporation, Infineon Technologies AG, etc.
In August 2023, Texas Instruments introduced new current sensing solutions designed to offer more accuracy and higher integration while simplifying designs, which includes a Hall-effect current sensor that offers the lowest drift in TI's portfolio and new current shunt monitors with a built-in shunt resistor.
In July 2023, Littelfuse Inc. announced the launch of its new Current Sensing Resistor (CSR) family that offers a more cost-effective solution for measuring current within circuits, enabling voltage monitoring, control, and power management of functions such as battery charging and motor speed, while also providing overcurrent protection.
Current Sensor Market Leaders
Allegro MicroSystems, LLC
TDK Corporation (TDK-Micronas GmbH)
Infineon Technologies AG
Melexis NV
Honeywell International Inc.
*Disclaimer: Major Players sorted in no particular order
