Current Sensing Resistor Market Scope
The current sensing resistors are also called shunt resistor. It monitors and converts the current into voltage which can be measured easily. Additionally, it eliminates the risk of short circuit which can damage the other components connected in the circuit. The current sensing resistors consists of low resistance value of 50 milliohms and lower. This electronic component is used in various devices which are being used widely. Hence, the demand of these electronic devices is propelling the market growth.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Yageo (Taiwan), Vishay (United States), Bourns (United States), TT Electronics (United Kingdom), ROHM (Japan), Viking (Taiwan), Cyntec (United States), Susumu (Japan), Panasonic (Japan) and Samsung (South Korea) |
CAGR | % |
The market of current sensing resistor consists of major players who are looking for development and introduction of new product. This will help the players to better position in the market. Research Analyst at AMA estimates that Japan Players will contribute to the maximum growth of Global Current Sensing Resistor market throughout the predicted period.
Yageo (Taiwan), Vishay (United States), Bourns (United States), TT Electronics (United Kingdom), ROHM (Japan), Viking (Taiwan), Cyntec (United States), Susumu (Japan), Panasonic (Japan) and Samsung (South Korea) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Ohmite (United States), KOA Speer (United States), TA-I (Taiwan) and Walter (Austria).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Current Sensing Resistor market by Type , by Application (Voltage Regulation Module (VRM), Portable Devices (PDA, Cell phone), Switching Power Supply, Audio Application, Automotive Engine Control and Others) and Region with country level break-up.
On the basis of geography, the market of Current Sensing Resistor has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In September 2023, Littelfuse and Texas Instruments (TI) to develop new current-sensing resistors (CSRs) for automotive applications: started a partnership as Littelfuse, a global leader in sensing and protection technologies, and Texas Instruments (TI), specifically designed for automotive applications. This collaboration aims to address the growing demand for more efficient, compact, and reliable current sensing solutions in the automotive industry.
In November 2023, Littlefuse has launched its SSA Series Shunt Resistors the first kind in the littlefuse portfolio. These two terminals, ultra low resistance shunt resistors are uniquely designed to meet the increasing demand for accurate current measurements in high performance. application.
Influencing Trend:
Improving Technology in Electronic Components
Market Growth Drivers:
High Measurement Accuracy and Low Costs of Current Sensing Resistor and Growing Demand in Electronic Devices
Challenges:
Introduction of Additional Resistance Which Results in Undesirable Loading Effect
Restraints:
Unable to be used in High Current Sensing Applications
Opportunities:
Increasing Disposable Income and Rising Implementation of Electronic Devices in Various Sector
Key Target Audience
Manufacturers, Raw Material Suppliers, Distributors and Traders, Research Organisations, Government Agencies and Organisations