The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The increased demand for electric vehicles is likely to stimulate innovation in the manufacturing of electric vehicle EV sensors, propelling the market during the forecast period.

The global electric vehicle EV sensor market is expected to grow from $7.34 billion in 2022 to $8.35 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The global electric vehicle (EV) sensor market size is expected to reach $13.38 billion in 2027 at a CAGR of 12.5%.

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Global Electric Vehicle EV Sensor Market Segments Include:

• By Product Type: Temperature Sensors, Current Sensors, Position Sensors, Pressure Sensors, Speed Sensors
• By Propulsion: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs)
• By Sales Channel: OEM (Original Equipment Manufacturer), Aftermarket
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global electric vehicle EV sensor market in 2021.

Major Market Players in the electric vehicle EV sensor market include Denso, Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Incorporated, LEM, Kohshin Electric Corporation, Vishay Intertechnology Inc., Allegro MicroSystems Inc.

Product innovation is a significant trend that is gaining traction in the EV sensors market. To boost their commercial position, major market players are developing breakthrough technologies through considerable research and development initiatives. Continental, a German automaker, for example, announced the current Sensor Module (CSM) and the battery impact detection (BID) system for electrified vehicles in May 2022, increasing its already broad sensor portfolio. The two new sensors will place a strong emphasis on battery characteristics and battery safety. Furthermore, Microchip Technology Inc, a semiconductor company based in the United States, introduced The LX34070 IC, a new inductive position sensor for the electric vehicle motor control sector, in June 2022. The sensor offers differential outputs, fast sample rates, and other features that allow it to meet ISO 26262 requirements for Automotive Safety Integrity.

The Electric Vehicle EV Sensor Global Market Report 2023  provides a electric vehicle EV sensor market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electric vehicle EV sensor market forecast analyzes electric vehicle EV sensor market size, electric vehicle EV sensor market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Electric vehicle (EV) sensors are devices that are used in electric vehicles to optimise performance efficiency and monitor parameters such as pressure, temperature, and humidity in order to make vehicles more efficient and safer.

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