Automotive Current Sensing Resistor Market was valued at USD 1.50 Billion in 2022 and is projected to reach USD 3.00 Billion by 2030, growing at a CAGR of 9.1% from 2024 to 2030.
The global automotive current sensing resistor market was valued at approximately USD 1.2 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 7.5% from 2023 to 2028. This growth is driven by the increasing demand for advanced driver assistance systems (ADAS), electric vehicles (EVs), and hybrid vehicles, which require precise current measurement for enhanced safety and performance. The rising adoption of EVs, in particular, is expected to contribute significantly to market expansion, as these vehicles require robust current sensing solutions to manage battery systems and ensure efficient power distribution.Emerging markets in Asia-Pacific, particularly in countries like China and India, are anticipated to offer substantial growth opportunities for automotive current sensing resistors. The rapid industrialization and growing automotive sector in these regions are fueling demand for advanced automotive components. Additionally, increasing investments in infrastructure and automotive manufacturing are likely to drive market growth. The shift towards electric and hybrid vehicles is also fostering innovations in sensing technology, providing new avenues for market players to explore and capitalize on emerging trends and technologies in automotive electronics.
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Yageo
VISHAY
Samsung
KOA Speer
Panasonic
ROHM
Cyntec (Susumu)
TT Electronics
Bourns
Walter
TA-I
Viking
Ohmite
Caddock
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Automotive Current Sensing Resistor Market
Commercial Vehicle
Passenger Vehicle
Based on Types the Market is categorized into Below types that held the largest Automotive Current Sensing Resistor market share In 2023.
Metal Resistor
Film Resistor
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Automotive Current Sensing Resistor Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Automotive Current Sensing Resistor Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Automotive Current Sensing Resistor Market, By Type
6. Global Automotive Current Sensing Resistor Market, By Application
7. Global Automotive Current Sensing Resistor Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Automotive Current Sensing Resistor Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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