The electric vehicle (ev) sensor global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Electric Vehicle (EV) Sensor Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The electric vehicle (ev) sensor market size has grown rapidly in recent years. It will grow from $8.33 billion in 2023 to $9.46 billion in 2024 at a compound annual growth rate (CAGR) of 13.5%. The growth in the historic period can be attributed to government incentives, environmental regulations, battery innovation, consumer demand, supply chain improvements, infrastructure development..
The electric vehicle (ev) sensor market size is expected to see rapid growth in the next few years. It will grow to $15.3 billion in 2028 at a compound annual growth rate (CAGR) of 12.8%. The growth in the forecast period can be attributed to ev market expansion, autonomous driving development, battery technology evolution, partnerships and collaborations.. Major trends in the forecast period include increased ev adoption rates, rising autonomous driving features, battery management systems, stringent emission standards, focus on vehicle safety..
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Scope Of Electric Vehicle (EV) Sensor Market
The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Electric Vehicle (EV) Sensor Market Overview
Market Drivers –
The increase in demand for electric vehicles is expected to propel the growth of the electronic vehicle (EV) sensors market. Electronic vehicles refer to vehicles that are either partially or fully powered by electric power. EV sensors are used in electric vehicles to read real-time signals and take necessary actions to manage in-vehicle functions such as ignition time, and speed control, assist in lowering gasoline prices, reduce carbon emissions, and enhance energy security. For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, The increase in demand for electric vehicles is driving the growth of the electronic vehicle (EV) sensors market.
Market Trends –
Product innovations are a key trend gaining popularity in the EV sensors market. Major market players are developing innovative technologies through extensive research and development activities to strengthen their business position. For instance, in May 2022, Continental, a Germany-based automobile company, introduced the current Sensor Module (CSM) and the battery impact detection (BID) system for electrified vehicles, expanding its already extensive sensor range. The two new sensors will significantly emphasize battery characteristics or battery safety. Furthermore, in June 2022, Microchip Technology Inc, a US-based semiconductor manufacturer, introduced The LX34070 IC, a new inductive position sensor for the electric vehicle motor control industry. The sensor has differential outputs, quick sample rates, and other features that enable it to comply with ISO 26262 at Automotive Safety Integrity Level-C (ASIL-C) level.
The electric vehicle (ev) sensor market covered in this report is segmented –
1) By Product Type: Temperature Sensors, Current Sensors, Position Sensors, Pressure Sensors, Speed Sensors
2) By Propulsion: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs)
3) By Sales Channel: OEM (Original Equipment Manufacturer), Aftermarket
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Regional Insights –
North America was the largest region in the electric vehicle (EV) sensor market in 2023. The regions covered in the electric vehicle (ev) sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Key Companies –
Major companies operating in the electric vehicle (ev) sensor market report are Denso Corporation, Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Incorporated, LEM Holding SA, Kohshin Electric Corporation, Vishay Intertechnology Inc., Allegro MicroSystems Inc., Amphenol Corporation, ams-OSRAM AG, Analog Devices Inc., Melexis NV, Sensata Technologies Inc., STMicroelectronics N.V., Renesas Electronics Corporation, TE Connectivity, Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Valeo SA, CTS Corporation, Honeywell International Inc., Kistler Group, Methode Electronics Inc., Panasonic Corporation, TDK Corporation, Aptiv plc, AVX Corporation, Bourns Inc., Hella Inc. .
Table of Contents
1. Executive Summary
2. Electric Vehicle (EV) Sensor Market Report Structure
3. Electric Vehicle (EV) Sensor Market Trends And Strategies
4. Electric Vehicle (EV) Sensor Market – Macro Economic Scenario
5. Electric Vehicle (EV) Sensor Market Size And Growth
…..
27. Electric Vehicle (EV) Sensor Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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