At 8.3% CAGR, the Asia Pacific Current Sense Amplifier Market is projected to be worth US$ 2,664.48 million by 2030, says Business Market Insights

According to Business Market Insights research, the Asia Pacific Current sense amplifier market was valued at US$ 1,523.52 million in 2023 and is expected to reach US$ 2,664.48 million by 2030, registering a CAGR of 8.3% from 2023 to 2030. Rising demand for electric vehicles and growing use of current sensing amplifiers in telecommunication infrastructure are the critical factors attributed to the Asia Pacific current sense amplifier market expansion.               

Electric vehicles (EVs) consist of an electric battery for energy storage, an electric motor for movement, and a controller to manage the system. All these EV components require a system to sense and measure current, which raises the need for current sense amplifiers in vehicles. The demand for EVs is rising as they help to reduce CO2 emissions and comply with regulations for zero-emission vehicles through subsidies and tax rebates, which will fuel the growth of the Asia Pacific current sense amplifier market in the coming years.

As per the Global Electric Vehicle Outlook, over 10 million electric cars were sold across the world in 2022, and sales are expected to increase by 35% to reach 14 million units in 2023. Of this, approximately 60% of the electric cars were sold in China in 2022. Furthermore, the production capabilities of EVs are growing across the world. In May 2022, PMI Electro, an Electric bus maker, announced its plan to set up its largest commercial EV manufacturing plant with an annual production capacity of 2,500 vehicles in Maharashtra, India. It will hold a production capability of 300,000 units by the first half of 2025. Similarly, Bajaj Auto announced an investment of US$ 40 million in building an electric vehicle plant in India with a yearly production capacity of 500,000 EVs. Thus, the growing production of electric vehicles is anticipated to hold the potential demand for current sense amplifiers, fueling the Asia Pacific current sense amplifier market growth during the forecast period.  

On the contrary, shortage of skilled labors hurdles the growth of Asia Pacific Current sense amplifier market.

Based on sensing type, the Asia Pacific current sense amplifier market is bifurcated into high-side sensing and low-side sensing. The high-side sensing segment held 66.4% share of Asia Pacific current sense amplifier market in 2023, amassing US$ 1,010.95 million. It is projected to garner US$ 1,827.54 million by 2030 to expand at 8.8% CAGR during 2023–2030.

Based on current direction, the Asia Pacific current sense amplifier market is bifurcated into unidirectional and bidirectional. The bidirectional segment held 54.1% share of Asia Pacific current sense amplifier market in 2023, amassing US$ 824.73 million. It is projected to garner US$ 1,524.53 million by 2030 to expand at 9.2% CAGR during 2023–2030.

Based on end-use, the Asia Pacific current sense amplifier market is segmented into electronics, automotive, telecommunications, industrial, and others. The electronics segment held 27.8% share of Asia Pacific current sense amplifier market in 2023, amassing US$ 423.72 million. It is projected to garner US$ 833.70 million by 2030 to expand at 10.2% CAGR during 2023–2030.  

Based on country, the Asia Pacific current sense amplifier market is segmented into Taiwan, China, India, Japan, South Korea, and the Rest of Asia Pacific. Our regional analysis states that China captured 36.5% share of Asia Pacific current sense amplifier market in 2023. It was assessed at US$ 556.08 million in 2023 and is likely to hit US$ 1,100.43 million by 2030, exhibiting a CAGR of 10.2% during the forecast period.  

Key players profiles in the Asia Pacific current sense amplifier market report Analog Devices Inc; Microchip Technology Inc; Monolithic Power Systems Inc; On Semiconductor Corp; Renesas Electronics Corp; ROHM Co Ltd; Semtech Corp; SG Micro Corp; STMicroelectronics NV; and Texas Instruments Inc, among others.

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