Report : Europe Current Sense Amplifier Market Forecast to 2030 – COVID-19 Impact and Regional Analysis – by Sensing Type (High-side Sensing and Low-side Sensing), Current Direction (Unidirectional and Bidirectional), and End User (Electronics, Automotive, Telecommunications, Industrial, and Others)
At 6.2% CAGR, the Europe Current Sense Amplifier Market is speculated to be worth US$ 1,150.88 million by 2030, says Business Market Insights
According to Business Market Insights research, the Europe Current sense amplifier market was valued at US$ 753.14 million in 2023 and is expected to reach US$ 1,150.88 million by 2030, registering a CAGR of 6.2% from 2023 to 2030. Growing consumer electronics industry and current sensing amplifiers in telecommunication infrastructure are the critical factors attributed to the Europe current sense amplifier market expansion.
The demand for consumer electronics devices such as laptops, headphones, tablets, and smartphones continued to rise after the COVID-19 pandemic due to the flourishing work-from-home and learn-from-home trends and the increasing use of indoor entertainment devices. The need to closely monitor electronic devices has increased as energy efficiency and safety have become major concerns. In consumer electronics, current sense amplifiers are used extensively for power management. The amplifiers help to solve the problems of estimating the remaining battery life and implementing protection for the battery charging circuit. Due to the rising number of features continuously incorporated into electronic devices, their design is becoming complex. Here, current sense amplifiers help to solve the challenge by providing the space and power to accommodate each function. According to the Groupe Speciale Mobile Association (GSMA), in 2022, smartphone adoption across the world was 76%, totaling 6.4 billion smartphone connections. Further, smartphone adoption is expected to rise to 92% by 2030, making it 9 billion globally. Also, the number of mobile subscribers will increase from around 5.4 billion in 2022 to 6.3 billion by 2030. Similarly, Europe had a smartphone adoption rate of 84% in 2022, which will rise to 91% by 2030. Moreover, the rising smartphone adoption worldwide pushes market players to boost smartphone production. In March 2023, Apple reported smartphone shipments growth of 65% year-on-year (YoY) in volume and around two times in value. This increase was mainly driven by the rise in the demand for premium phones. Thus, the growing adoption and shipment of smartphones are fueling the growth of the consumer electronic industry, driving the Europe current sense amplifier market growth.
On the contrary, shortage of skilled labors hurdles the growth of Europe Current sense amplifier market.
Based on sensing type, the Europe current sense amplifier market is bifurcated into high-side sensing and low-side sensing. The high-side sensing segment held 65.4% share of Europe current sense amplifier market in 2023, amassing US$ 492.28 million. It is projected to garner US$ 785.85 million by 2030 to expand at 6.9% CAGR during 2023–2030.
Based on current direction, the Europe current sense amplifier market is bifurcated into unidirectional and bidirectional. The bidirectional segment held 54.4% share of Europe current sense amplifier market in 2023, amassing US$ 410.06 million. It is projected to garner US$ 661.14 million by 2030 to expand at 7.1% CAGR during 2023–2030.
Based on end-use, the Europe current sense amplifier market is segmented into electronics, automotive, telecommunications, industrial, and others. The electronics segment held 26.8% share of Europe current sense amplifier market in 2023, amassing US$ 202.20 million. It is projected to garner US$ 339.33 million by 2030 to expand at 7.7% CAGR during 2023–2030.
Based on country, the Europe current sense amplifier market is segmented into Germany, France, Italy, the UK, Russia, and the Rest of Europe. Our regional analysis states that Germany captured 29.1% share of Europe current sense amplifier market in 2023. It was assessed at US$ 219.16 million in 2023 and is likely to hit US$ 315.66 million by 2030, exhibiting a CAGR of 5.4% during the forecast period.
Key players profiles in the Europe 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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