Current Sensor Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2032
Current Sensor Market Analysis
In industrial, automotive, commercial, and communications systems, the demand for low-cost, accurate, and small-size current sensor solutions has developed dramatically over the last decade. New design principles and the systematic use of advanced BiCMOS technology have resulted in further IC performance enhancements. It has also covered the way for new product ideas by allowing additional functionalities, such as power protection, to be integrated into the current sensor IC. Suppose the manufacturing players continue to focus on improving IC performance when making current sensors. In that case, this could become a trend toward the next generation of fully integrated low-cost current sensor devices.
Current Sensor Market Size
Global current sensor market size was valued at USD 3.65 billion in 2024 and is projected to reach USD 12.46 billion by 2032, with a CAGR of 16.60% during the forecast period of 2025 to 2032
Current Sensor Market Definition
The electronic gadgets that detect current passage through wires are known as current sensors. As a result, an electric signal proportionate to the current in the wire is generated. An analogue voltage, current, or digital output is generated. In other words, current sensors are used to assess whether an alternative current (AC) or direct current (DC) is present (DC). The current sensor is one of the methods for measuring electric currents ranging from picoamps to tens of thousands of amperes. An ammeter displays the measured current, which can be saved for control and data collecting.