The Market Reports

Synopsis
The global market for Magnetic-based Current Sensor ICs was estimated to be worth US$ 575 million in 2024 and is forecast to a readjusted size of US$ 1227 million by 2031 with a CAGR of 11.6% during the forecast period 2025-2031.
This report provides a comprehensive assessment of recent tariff adjustments and international strategic countermeasures on Magnetic-based Current Sensor ICs cross-border industrial footprints, capital allocation patterns, regional economic interdependencies, and supply chain reconfigurations.
Magnetic-based Current Sensor ICs, also known as Magnetic Current Sensor Integrated Circuits (ICs), are specialized semiconductor devices designed to measure and monitor electric current in conductors using magnetic field sensing principles. These chips employ Hall-effect sensors, magnetoresistive sensors, or other magnetic field-based technologies to detect the presence and magnitude of current flowing through a conductor. By integrating these sensors into compact semiconductor packages, magnetic current sensor chips enable precise current measurement without requiring physical contact with the conductor. They provide a non-invasive and highly reliable method for current sensing, making them valuable components in various applications, including power monitoring, motor control, energy management, and fault detection in electrical systems. Known for their precision, low power consumption, and real-time current measurement capabilities, these chips are essential tools for ensuring the safe and efficient operation of electrical and electronic equipment.
The major manufacturers of Magnetic-based Current Sensor Ics in the world are located in North America, Europe, China and Japan. Core manufacturers are Allegro Microsystems, Infineon, Melexis, Sinomags Technology and Asahi Kasei Microdevices, and the top five manufacturers account for about 53% of the global share. The main product types are Hall type and xMR, which are mainly used in automotive, industrial, energy and consumer electronics fields.
The growth of the magnetic current sensor IC market is primarily driven by the rapid expansion of electric vehicles (EVs), renewable energy, and industrial automation. The widespread adoption of EVs and charging infrastructure has significantly increased demand for high-precision, reliable current sensing to ensure battery management and motor control safety. Meanwhile, solar inverters and energy storage systems also require more current sensors to improve power conversion efficiency. Additionally, Industry 4.0 is accelerating the upgrade of smart grids and automated equipment, further boosting the adoption of high-performance magnetic current sensor ICs.
Current market trends emphasize higher integration, lower power consumption, and smaller form factors. Many magnetic current sensor ICs now adopt advanced packaging technologies (e.g., SOIC, QFN) to reduce size and enhance noise immunity. Furthermore, TMR (tunnel magnetoresistance) and GMR (giant magnetoresistance)-based chips are gaining traction due to their high sensitivity and low temperature drift. Intelligence is another key trend, with some ICs integrating digital interfaces (e.g., I²C, SPI) to enable real-time monitoring and system diagnostics, meeting the demands of IoT and AI-driven energy management systems.
This report aims to provide a comprehensive presentation of the global market for Magnetic-based Current Sensor ICs, focusing on the total sales volume, sales revenue, price, key companies market share and ranking, together with an analysis of Magnetic-based Current Sensor ICs by region & country, by Type, and by Application.
The Magnetic-based Current Sensor ICs market size, estimations, and forecasts are provided in terms of sales volume (Million Units) and sales revenue ($ millions), considering 2024 as the base year, with history and forecast data for the period from 2020 to 2031. With both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Magnetic-based Current Sensor ICs.
Market Segmentation
By Company
Allegro Microsystems
Infineon
Melexis
Sinomags Technology
Asahi Kasei Microdevices
TDK
Texas Instruments
Novosense Microlectronics
Analog Devices
Senksemi-electronics
CrossChip
Cosemitech
Segment by Type
Hall Effect Magnetic-based Current Sensor Ics
xMR Magnetic-based Current Sensor Ics
Segment by Application
Automotive
Industrial
Energy
Consumer Electronics
Others
By Region
North America
United States
Canada
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia-Pacific
Europe
Germany
France
U.K.
Italy
Netherlands
Nordic Countries
Rest of Europe
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA
Chapter Outline
Chapter 1: Introduces the report scope of the report, global total market size (value, volume and price). This chapter also provides the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter 2: Detailed analysis of Magnetic-based Current Sensor ICs manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.
Chapter 3: Provides the analysis of various market segments by Type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.
Chapter 4: Provides the analysis of various market segments by Application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.
Chapter 5: Sales, revenue of Magnetic-based Current Sensor ICs in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the market development, future development prospects, market space, and market size of each country in the world.
Chapter 6: Sales, revenue of Magnetic-based Current Sensor ICs in country level. It provides sigmate data by Type, and by Application for each country/region.
Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter 8: Analysis of industrial chain, including the upstream and downstream of the industry.
Chapter 9: Conclusion.

Index