Electric Vehicle (EV) Sensor Market Analysis (2024-2033): Business Insights, Regional Segmentation, Future Scope And Top Key Players | Denso Corporation, Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Incorporated, LEM Holding SA.

The Electric Vehicle (EV) Sensor by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2024-2033).

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In accordance with The Business Research Company’s Electric Vehicle (EV) Sensor report, the electric vehicle (EV) sensor market has experienced substantial growth in recent years, expanding from $8.33 billion in 2024 to a projected $9.46 billion in the same year, with a remarkable Compound Annual Growth Rate (CAGR) of 13.5%. This surge in the historic period can be attributed to various factors, including government incentives, adherence to environmental regulations, advancements in battery technology, heightened consumer demand, and notable improvements in supply chain and infrastructure development.

Looking ahead, the electric vehicle (EV) sensor market anticipates an accelerated growth trajectory, reaching an estimated $15.3 billion by 2028, boasting a robust CAGR of 12.8%. The forecasted surge can be linked to the expansion of the EV market, advancements in autonomous driving, continuous evolution in battery technology, and the proliferation of partnerships and collaborations within the industry. Notable trends in this period encompass heightened EV adoption rates, the integration of autonomous driving features, a focus on battery management systems, adherence to stringent emission standards, and an increased emphasis on vehicle safety.

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.

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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

Top 5 Major Players:

• Denso Corporation
• Infineon Technologies AG
• NXP Semiconductors N.V
• Texas Instruments Incorporated
• LEM Holding SA

An overarching trend in the EV sensors market is the impetus towards product innovations. Key industry players are investing significantly in research and development initiatives to pioneer cutting-edge technologies, fortifying their market presence. A case in point is Continental, a prominent German automobile company, which introduced the Current Sensor Module (CSM) and the Battery Impact Detection (BID) system for electrified vehicles in May 2022. This expansion of their sensor range emphasizes crucial aspects of battery characteristics and safety. Similarly, Microchip Technology Inc., a US-based semiconductor manufacturer, unveiled the LX34070 IC in June 2022, a groundbreaking inductive position sensor tailored for the electric vehicle motor control sector. Featuring differential outputs, rapid sample rates, and compliance with ISO 26262 at Automotive Safety Integrity Level-C (ASIL-C), this sensor exemplifies the industry’s commitment to cutting-edge solutions and safety standards.

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31. Global Electric Vehicle (EV) Sensor Market Competitive Benchmarking
32. Global Electric Vehicle (EV) Sensor Market Competitive Dashboard
33. Key Mergers And Acquisitions In The Electric Vehicle (EV) Sensor Market
34. Electric Vehicle (EV) Sensor Market Future Outlook and Potential Analysis
35. Appendix

List Of Tables:
Table 1: Global Historic Market Growth, 2018-2023, $ Billion
Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
Table 3: Global Electric Vehicle (EV) Sensor Market, Segmentation By Product Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 4: Global Electric Vehicle (EV) Sensor Market, Segmentation By Propulsion, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Table 5: Global Electric Vehicle (EV) Sensor Market, Segmentation By Sales Channel, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

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Table 74: Denso Corporation Financial Performance
Table 75: Infineon Technologies AG Financial Performance
Table 76: NXP Semiconductors N.V. Financial Performance
Table 77: Texas Instruments Incorporated Financial Performance
Table 78: LEM Holding SA Financial Performance

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