Frequently Asked Questions:
The Covid-19 outbreak has had a significant impact on research and development in the semiconductor and electronics industries, which has resulted in the closure of several industrial sites globally. The lack of raw materials and components is impeding sensor manufacturers’ ability to produce goods and has disrupted the supply chain. Due to growing production of hybrid and electric cars, the rise of the building automation industry, and rising consumer electronics expenditures over the past ten
During the projected period, Asia-Pacific is anticipated to have a promising revenue share of the present sensor market. The expanding usage of these sensors in the building automation, industrial, energy, and automotive industries is what’s causing the present sensor industry to flourish. A number of Asia-Pacific nations, including South Korea, China, and Japan, have increased their production and sales of passenger automobiles. The expansion of the regional current sensor market is being accel
The current sensor industry is expanding as a result of data centers increasingly implementing power management systems, which improve speed and efficiency while using less power. The need for current sensors in data centers is rising since they are being integrated with backup power systems like UPS and inverters, which will safeguard the battery as it charges and improve efficiency. One of the major factors driving the expansion of the present sensor industry is the government’s tight implemen
In 2020, the automotive sector accounted for the largest revenue share of the global sensor market, and it is anticipated to expand significantly over the coming years. The widespread use of current sensors in electric and hybrid cars is credited with this rise. Electric and hybrid electric cars will get better as a result of advancements in electrification of powertrains, which will increase demand for current sensors.
Due to its low price, compact size, light weight, and low power consumption, the Open-loop current sensor is predicted to expand at the highest CAGR of 9.9% throughout the course of the projected year. Furthermore, this kind of current sensor measures complex current waveforms, DC, AC, and galvanic isolation. Similar to current sensors, open-loop sensors are being utilized more and more in a variety of applications, such as industrial automation, broadcast equipment, power monitoring, robotics,