Automotive Current Sensors Market Expected To Witness A Sustainable Growth Over 2031 October 15, 2021
Automotive Current Sensors Market: Introduction
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Increasing year-on-year sales and production of automotive vehicles, led by rising vehicle electrification trends, is anticipated to drive the automotive current
sensors market during the forecast period
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Current sensors are utilized to measure running current through a wire with the help of the magnetic field and to detect the current and generate a comparative output. Both AC and DC automotive current sensors are used to control the vehicle motor drive, and it is also utilized to detect charged and discharged current of EV and hybrid vehicle batteries. The automotive current sensor also helps measure current passively without disturbing any circuit in the way.
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Key Drivers of Automotive Current Sensors Market
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Rising usage of advanced technology in the automotive sector drives the automotive current sensors market. Innovations in the automotive industry such as self-driving technologies, advanced driver assistance systems (ADAS), and antilock braking system (ABS), contain complex architecture that requires current sensors, which further drives the current sensor market. Furthermore, current sensors are also extensively employed to control motor drives and the battery management system which in turn also propels the market.
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Utilization of MEMS (micro-electro-mechanical system) current sensor in vehicles, as an accelerometer and pressure sensor, plays an important role to make vehicle movement more safe, efficient, and comfortable. MEMS current sensors are also utilized to detect changes in the vehicle environment and supply precise data to controllers, which further drives the demand for automotive current sensors, and connected electric control units can trigger necessary actions in real-time.