Current Sense Amplifier Market Demand Supply Growth Factors Latest Rising Trend and Forecast to 2030

The "Current Sense Amplifier Market" size is expected to grow from US$ 3,668.48 million in 2023 to US$ 5,975.52 million by 2030; it is estimated to record a CAGR of 7.2% from 2023 to 2030.

A current sense amplifier is a special-purpose integrated circuit differential amplifier that provides an analog output voltage equivalent to current flowing into a load connected to its input. It is built to measure the voltage developed across the current shunt, resistor, and output a voltage proportional to the gauged current. The global current sense amplifier market is witnessing significant growth in various industries such as aerospace, automobile, and manufacturing industry due to which the demand for high voltage and precision current sensing amplifiers is rising.

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Companies Profiled in this report includes:

• Iradio Electronics Co Ltd
• Analog Devices Inc
• Microchip Technology Inc
• SG Micro Corp
• Renesas Electronics Corp
• ROHM Co Ltd
• On Semiconductor Corp
• Monolithic Power Systems Inc
• Semtech Corp
• STMicroelectronics NV
• Texas Instruments Inc

Manufacturers are expanding their production capabilities to cater to the growing needs of bidirectional and unidirectional measurement systems. One of the driving factors for the current sense amplifier market is the rising need to amplify small voltages to provide high bandwidth in the presence of large common-mode voltages. This requirement arises in various applications, including real-time protection systems, current measuring and monitoring for closed-loop feedback, and power monitoring facilities for system optimization. The market is also propelled by the high demand for current sense amplifiers offering great precision, low offset, and high flexibility.

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Current Sense Amplifier Market Segmentation:

Sensing Type:
• High-side Sensing
• Low-side Sensing
• Current Direction
• Unidirectional
• Bidirectional

By End User:
• Electronics
• Automotive
• Telecommunications
• Industrial

APAC region is one of the largest producers of electronic devices. The current sense amplifiers are used in electronic devices to manage power flow. According to GSMA, the smartphone adoption rate in APAC (except China) reached 76% in 2022, which is expected to increase to 94% by 2030. Also, the smartphone adoption rate in China was 81% in 2022 and is estimated to reach 93% by 2030. Thus, the growing demand for smartphones, tablets, PCs, laptops, and other consumer electronics in Asian countries is boosting the growth of the market in the region.

Impact of COVID-19 Pandemic on Current Sense Amplifier Market

The Europe current sense amplifier market faced various challenges due to the COVID-19 pandemic. The region experienced disruptions in manufacturing and supply chains, impacting the production and availability of current sensing devices. Many industries, including automotive and consumer electronics, experienced a decline in demand of current sense amplifier as lockdown measures restricted economic activities and consumer spending. However, governments of various countries in Europe focused on projects related to renewable energy and smart infrastructure, which offered key players several opportunities for growth. Europe, after the ease of restrictions, has been at the forefront of technological advancements, particularly in the automotive, industrial, and renewable energy sectors. The recovery of these industries and a rise in investments in smart infrastructure projects are the key factors boosting the demand for current sensing and monitoring solutions.

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