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Current Sensor Market worth $6.39 billion by 2032 – Exclusive Report by MarketsandMarkets™

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DELRAY BEACH, Fla., Sept. 29, 2026 /PRNewswire/ — According to MarketsandMarkets™, the Current Sensor Market is projected to grow from USD 3.35 billion in 2026 to USD 6.39 billion by 2032, registering a CAGR of 11.4%.

Browse 180 market data Tables and 90 Figures spread through 300 Pages and in-depth TOC on ” Current Sensor Market – Global Forecast to 2032″

Current Sensor Market Size & Forecast:

Market Size Available for Years: 2021–20322026 Market Size: USD 3.35 billion2032 Projected Market Size: USD 6.39 billionCAGR (2026–2032): 11.4%

Current Sensor Market Trends & Insights:

The current sensor market is projected to expand rapidly over the next decade, propelled by advancements in current sensor technologies, such as Hall-effect, flux gate, and AMR sensors, which have raised accuracy and dependability levels, prompting extensive applications across multiple industries, including automotive, consumer electronics, and manufacturing. The rising adoption of current sensors in consumer electronics, such as smartphones, laptops, and smart appliances, will continue to present new growth prospects. With increased investments in power infrastructure, electric mobility, and automation, the market is anticipated to grow exponentially during the forecast period.By Current Sensing Method, Contact-based sensing accounts for the largest share of the Current Sensor Market, representing approximately 72.4% of the market in 2026. Its widespread adoption across automotive, industrial automation, consumer electronics, and energy & power applications is driven by the need for accurate and reliable current measurement.By Loop Type, the closed-loop segment is expected to register a CAGR of 12.1% during the forecast period, driven by increasing demand for high-accuracy, electrically isolated, and stable current measurement across electric vehicles, renewable energy systems, industrial automation, and power electronics.By Offering, Isolated current sensors account for the largest share of the current sensor market, supported by their ability to provide electrical isolation, accurate current measurement, enhanced system safety, and reliable operation in high-voltage and power-intensive applications.By Technology, Magnetic current sensors are expected to exhibit strong growth in the current sensor market, driven by the increasing adoption of Hall-effect, Tunnel Magnetoresistance (TMR), and other magnetic sensing technologies across electric vehicles, battery systems, industrial equipment, renewable energy, and power conversion applications.By region, Asia Pacific is expected to register the highest CAGR of 13.1% during the forecast period, driven by its strong automotive and electronics manufacturing base, increasing electric vehicle adoption, expanding renewable energy capacity, and growing investments in industrial automation and advanced power electronics.

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The growing adoption of electric vehicles (EVs), battery-powered systems, renewable energy, and industrial automation is driving the growth of the current sensor market. Organizations are increasingly deploying current sensing solutions to improve power monitoring, energy efficiency, battery management, and system protection across automotive, industrial, consumer electronics, and energy & power applications. In addition, the increasing adoption of advanced sensing technologies, electrification, and high-performance power electronics is accelerating demand for accurate, compact, and reliable current sensors capable of supporting next-generation electrical and electronic systems.

Contact-based sensing to account for largest market share throughout forecast period.

The contact-based sensing segment is likely to hold the largest share of the current sensor market throughout the forecast period, driven by its widespread adoption across automotive, industrial automation, consumer electronics, and energy & power industries. Contact-based current sensing solutions provide accurate and reliable current measurement and are widely used in applications requiring direct current monitoring for power management, circuit protection, battery monitoring, and motor control. The growing deployment of current sensing solutions across electrical and electronic systems, coupled with increasing demand for reliable power monitoring, is supporting the adoption of contact-based sensing technologies. In addition, their established use across industrial equipment, automotive systems, and power electronics is further contributing to the segment’s continued adoption.

Industrial segment to register second-highest CAGR during forecast period.

The industrial segment is expected to register the second-highest CAGR in the current sensor industry, driven by the increasing adoption of automation, robotics, and energy-efficient equipment across manufacturing and industrial plants. As the importance of Industry 4.0 and intelligent manufacturing grows, the need for accurate current sensing solutions is increasing to support effective power management, motor control, and predictive maintenance in industrial equipment. Current sensors are increasingly used to monitor the performance of motors, pumps, drives, and other electrical equipment to improve energy efficiency and reduce downtime. In addition, the growing adoption of renewable energy sources and industrial Internet of Things (IIoT) technologies is increasing demand for current sensing solutions across energy storage, power conversion, and distribution systems. The increasing use of power electronics, including variable frequency drives (VFDs), inverters, and power supplies, is further supporting the adoption of advanced current sensing technologies across industrial applications.

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Isolated current sensors to account for largest market share during forecast period.

Based on offering, isolated current sensors hold the largest market share, driven by the increasing demand for electrical isolation, accurate current measurement, and enhanced safety across automotive, industrial, renewable energy, and power electronics applications. Isolated current sensing solutions enable measurement of current while maintaining electrical separation between the sensing circuit and the high-voltage side, making them suitable for applications such as electric vehicle (EV) powertrains, battery management systems (BMS), charging infrastructure, industrial motor drives, and renewable energy inverters. The growing adoption of electrification and high-voltage power systems is further increasing demand for isolated current sensing solutions. In addition, their ability to support reliable power monitoring and protection in demanding operating environments is contributing to their widespread adoption.

Key Players

Key companies operating in the current sensor companies are Asahi Kasei Corporation, Infineon Technologies AG, Allegro MicroSystems, Inc., LEM International SA, Melexis, TDK Corporation, Honeywell International Inc., Texas Instruments Incorporated, TAMURA Corporation, OMRON Corporation, STMicroelectronics, YAGEO Group, Analog Devices, Inc., Broadcom Inc., and ACEINNA, among others.

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Dr. Kerry Evans Scholarship for Sciences Announces 2027 Application Cycle for Undergraduate Students Across the USA

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SEGUIN, Texas, Sept. 29, 2026 /PRNewswire/ — The Dr. Kerry Evans Scholarship for Sciences officially opens its application period for the 2027 cycle, inviting undergraduate students nationwide to submit their credentials for consideration.

The scholarship serves as a platform to recognize students who view science not merely as a subject of study, but as a collaborative endeavor with far-reaching societal implications. By providing financial assistance and public recognition, the Dr. Kerry Evans Scholarship aims to alleviate some of the burdens associated with higher education, allowing recipients to focus more intently on their research and academic goals.

Eligibility for the award requires applicants to be currently enrolled undergraduate students at an accredited U.S. institution. Candidates must pursue a degree in a science-related field and maintain a strong academic record, evidenced by official transcripts. Additionally, applicants must be U.S. citizens or permanent residents.

Dr. Kerry Evans brings over two decades of experience in high-pressure medical environments to this philanthropic effort. As a dedicated emergency room physician, he understands the importance of precision, dedication, and continuous learning.

Applicants must submit a 1,000-word essay addressing the specified prompt, official transcripts from their current institution, and letters of recommendation from professors or qualified professionals who can attest to their academic potential. All materials must be sent to apply@drkerryevansscholarship.com by the deadline of May 15, 2027.

The winner of this one-time award will be announced on June 15, 2027. This timeline allows the selection committee ample time to review submissions thoroughly and ensure that the recipient truly embodies the spirit of scientific curiosity and academic diligence.

For those interested in learning more about the requirements or the vision behind the initiative, detailed information is available at https://drkerryevansscholarship.com/.

About the Dr. Kerry Evans Scholarship for Sciences

The Dr. Kerry Evans Scholarship for Sciences was established by Dr. Kerry Evans, a seasoned emergency room physician with a deep commitment to education and healthcare advancement. Founded to support undergraduate students pursuing science-related degrees, the organization aims to reduce financial barriers and encourage academic excellence. Its core mission is to inspire the next generation of scientists by recognizing their potential and providing the resources necessary to achieve their professional goals.

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SOURCE Dr. Kerry Evans Scholarship

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EssilorLuxottica unveils Nuance Audio™ Plus, the next generation of hearing glasses

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Enhanced audio experience, extended battery life, calls answered directly from the glasses, and an expanded range of styles bring invisible hearing support to more everyday moments.

NEW YORK, Sept. 29, 2026 /PRNewswire/ — EssilorLuxottica announces the launch of Nuance Audio Plus, the next generation of its first-of-its-kind invisible, open-ear hearing glasses, FDA-cleared for adults with perceived mild to moderate hearing loss. Building on the launch of the first Nuance Audio Glasses, the new product combines improved audio performance, extended battery life, calls answered right from the glasses, a category-first, and an expanded assortment of styles, transforming a medical device into stylish yet functional eyewear to support people naturally throughout everyday life.

Hearing loss affects an estimated 1.6 billion people worldwide, approximately 1.25 billion of whom live with mild to moderate hearing loss1. Yet close to 90% of this population has not adopted a hearing solution2. By seamlessly integrating hearing technology into everyday eyewear, EssilorLuxottica is helping address this significant unmet need through a solution that is virtually indistinguishable from a conventional pair of glasses. The original Nuance Audio glasses were named a TIME 100 Best Invention, reflecting the cateogry’s growing recognition, and established high-profile fans including Emmy Award-winning actor and comedian Jane Lynch. Nuance Audio Plus marks the latest step in the company’s continued investment in hearing innovation, expanding both the choice and performance available to consumers.

“The response to Nuance Audio Glasses has been extremely positive, confirming that consumers are looking for a more natural and desirable way to access hearing support,” said Stefano Genco, Global Head of Nuance Audio. “In just one year, we have expanded to 14 countries and more than 18,000 stores, reaching consumers who are, on average, five years younger than traditional hearing-aid customers, with two out of three having never explored traditional hearing aids. With Nuance Audio Plus, our new product generation, we are taking another important step toward making hearing support a natural part of everyday life.”

Nuance Audio Plus is designed to support people affected by perceived mild to moderate hearing loss across a range of scenarios: from those experiencing the first signs of hearing loss, for example, beginning to notice changes in their listening effort over time across a range of everyday situations, even under similar noise conditions, to those already aware of their hearing impairment and seeking a discreet hearing solution. Across scenarios, the product helps users stay engaged in conversations with a solution that looks and feels like everyday eyewear.

Complementing the existing Nuance Audio Glasses collection, which will remain available, Nuance Audio Plus expands the portfolio with optimized hearing technology, more intuitive on-frame controls, a broader range of frame designs and colors, and new options for charging on the go. Together, the two collections offer consumers greater choice across design, technology features, price points, preferences and lifestyles.

Nuance Audio Plus is available now in the United States, through authorized optical and hearing-care professionals, and online in selected countries. In the USA, the recommended retail price will start at $829, depending on the lens configuration.

Key features

Invisible hearing aid: Breaking the stigma with discreet, stylish glasses that seamlessly integrate vision and hearing support directly into the frame. Building on the distinctive open-ear technology of Nuance Audio Glasses, Nuance Audio Plus introduces further advancements in amplification, speech clarity in noise and own-voice perception, together with extended battery life of approximately 10 hours under average product conditions3.Directional amplification: Designed to enhance speech clarity through directional microphones and beamforming technology, helping users focus on the conversations in front of them.Easy to use: Simple to set up and manage through the intuitive Nuance Audio App, Nuance Audio Plus also features new on-frame controls, including a dedicated power switch and volume buttons conveniently positioned on the temples.Open-ear comfort: Lightweight, open-ear speakers integrated into the temples leave the ears free for long-lasting comfort. An expanded range of sizes, together with universal fitting and adjustable nose pads on selected styles, helps provide a secure and comfortable fit.All-in-one solution: A product designed to address both vision and hearing needs in one elegant device.Hands-free phone calls – Users can answer and manage voice calls directly from the frames when paired with a compatible iPhone4.

Styles and accessories

Nuance Audio Plus is available in three timeless frame styles – Square 53, Panthos 48 and Upturn 52 – and five colors, Shiny Black, Shiny Burgundy, Deep Blue, Amber and Olive Green.

The standard package includes a charging pad and USB-C cable to charge Nuance Audio Plus.

User experience

The glasses are easy to manage from the Nuance Audio App and feature on-frame controls for quick access to key functions, while a dedicated remote control is available separately.

With the app, users can control:

Audio modes: Switch between two audio modes: Frontal, to focus on face-to-face conversations, and All-Around, to amplify all surrounding sounds.Presets: Choose the pre-configured amplification settings (A, B, C or D) for a tailored hearing experience.Background noise: Customize the background noise level with three levels of noise reduction. Volume level: Adjust the volume of amplification on a scale from 1 to 5.

Lenses

Nuance Audio Plus can be fitted with any type of optical lenses to personalize to the wearer’s vision needs. The glasses can also be paired with Transitions® lenses, which adapt to changing light conditions to support an integrated hearing and vision experience throughout the day.

Useful links

Official website: www.nuanceaudio.comStore locator: www.nuanceaudio.com/store-locator Facebook: www.facebook.com/nuanceaudioofficialInstagram: www.instagram.com/nuance.audioLinkedIn: www.linkedin.com/showcase/nuance-audioYouTube: www.youtube.com/@nuanceaudio

About EssilorLuxottica

EssilorLuxottica is a global leader in the design, manufacture and distribution of advanced vision care products, eyewear and med-tech solutions. The Group is home to the most innovative lens technologies, including Varilux, Stellest and Transitions, iconic brands such as Ray-Ban, Oakley and Supreme, top-selling smart eyewear products including Ray-Ban Meta, Oakley Meta Vanguard and Nuance Audio, the most desired luxury licensed brands and world-class retailers including Sunglass Hut, LensCrafters, Vision Express and Apollo. With over 200,000 employees across 150 countries, 600 operations facilities, serving 300,000 eye care professionals and operating 18,000 stores, the Group generated consolidated revenue of Euro 28.5 billion in 2025. EssilorLuxottica trades on the Euronext Paris market and is included in the Euro Stoxx 50 and CAC 40 indices. Codes and symbols: ISIN: FR0000121667; Reuters: ESLX.PA; Bloomberg: EL:FP. www.essilorluxottica.com

1 World Health Organization, World Report on Hearing, 2021, p. 40.

2 Stevens G, Flaxman S, Brunskill E, Mascarenhas M, Mathers CD, Finucane M; Global Burden of Disease Hearing Loss Expert Group. Global and regional hearing impairment prevalence: an analysis of 42 studies in 29 countries. Eur J Public Health. 2013 Feb;23(1):146-52. doi: 10.1093/eurpub/ckr176. Epub 2011 Dec 24. PMID: 22197756.

3 Based on average product condition.

4 The product, as an MFI certified device, supports voice calls only when used with an iPhone (requires iOS 16 or later)

Media Contact:
Nuance Audio
nuanceaudio@factorypr.com

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SOURCE Nuance Audio

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Appspace Unveils Appspace Context™, a New Vision for a More Relevant and Responsive Workplace Experience

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SCOTTSDALE, Ariz., Sept. 29, 2026 /PRNewswire/ — Appspace, the workplace experience company, today unveiled Appspace Context™, its vision for a workplace experience that understands employees and the environment around them, then responds as needs and conditions change.

Workplace technology is becoming more intelligent, but intelligence alone does not give it a full picture of the workplace. An employee’s role, location, schedule, and what is happening around them all help determine what they need. Much of that context exists today, but it is rarely brought together.

Appspace starts from a broader foundation, with a platform that already connects the digital and physical workplace. That gives Appspace context from across the workplace, including communications, content, spaces, visitors, signage, workplace activity, and connected systems. Appspace Context puts those connections to greater use, making each experience more relevant to the person, place, and situation. 

“For years, organizations have configured workplace technology around what they expect to happen. But the workplace doesn’t follow a script,” says Pete Schmied, CEO of Appspace. “Employees work from different locations, schedules change, spaces fill up, visitors arrive, and priorities shift. Appspace Context gives the workplace a way to recognize those changes and respond with what employees need in the moment.”

Announced at WOW26, Appspace’s annual workplace experience conference, Appspace Context gives customers a view into where the company is taking its platform. It also sets a direction for making workplace experiences more responsive as AI changes how employees interact with workplace tools.

How Context changes the workplace experience
Appspace Context puts workplace information and signals to use as employee needs and workplace conditions change. At WOW26, Appspace showed how that approach comes to life through Organic UI™ and Situational Signage.

Organic UI: moving beyond the fixed interface
A key part of Appspace Context, Organic UI™ uses context about the employee and situation to dynamically reconfigure the Appspace interface, bringing forward the information, tools, and actions that are most relevant while allowing less relevant elements to recede. That reduces the time employees spend searching, navigating between tools, and figuring out where to go to get something done.

“Traditional software interfaces rely on predefined navigation, modules, and workflows. Users have to find what they need regardless of what they are trying to do or what is happening around them,” says Thomas Philippart de Foy, Appspace Chief Innovation Officer. “Organic UI changes that. It uses context to bring forward the right information, tools, and actions, and can generate the experience needed for a specific task.”

Digital signage that responds to its surroundings
At WOW26, Appspace also announced and showcased Situational Signage, a capability that demonstrates how Appspace Context extends into the physical workplace.

Today, workplace teams typically program digital signage based on where a screen is located, how it is grouped, and rules they establish in advance. Situational Signage shifts the focus from the device to what is happening around it. Location, spaces, occupancy, visitors, and workplace activity will help determine what information is most relevant at a particular place and time.

Instead of relying only on a screen’s location and predefined rules, Situational Signage will allow the screen to respond as conditions around it change. Workplace teams can deliver more relevant communications without having to anticipate and manually configure every scenario.

More from WOW26
Appspace also introduced:

Appspace Migration Studio: Reduces the time and complexity of moving from legacy intranets to Appspace Intranet. Built on Appspace’s proven AI framework, Appspace Migration Studio automatically maps important content to its new home in Appspace and configures spaces with the appropriate governance controls, helping organizations preserve years of content and knowledge without rebuilding their intranet from scratch, and in a fraction of the time compared to traditional migration approaches.SwiftConnect integration: Brings mobile access into the connected workplace experience. The integration connects Appspace workplace experiences with SwiftConnect digital credentials in employees’ mobile wallets, so employees can plan their day, book a room, invite a guest, and access buildings, floors, and doors without moving between separate systems and processes.

“Organizations are making technology decisions today that will shape their workplaces for years,” adds Schmied. “The big opportunity here is to connect the physical and digital workplace so they work as one experience. AI raises the bar even further, making it possible for workplace technology to understand more about people, places, and context, and adapt accordingly.”

About Appspace
Appspace is the workplace experience company that helps organizations keep everyone in the know. From intranet and digital signage to space reservation and visitor management, Appspace connects your whole workplace. Trusted by more than 3,000 customers globally, including 180 Fortune 500 companies. Learn more at www.appspace.com.

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SOURCE Appspace, Inc.

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