Global Electric Vehicle (EV) Sensor Market 2025–2029: Competitive Insights and Opportunities

November 14, 2025 by The Business Research Company

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What Is The Expected Total Market Size Of The Electric Vehicle (EV) Sensor Industry By The Forecast Year 2029?

The market for electric vehicle (EV) sensors has experienced swift expansion lately; projections indicate this expansion will continue, moving from a valuation of $9.31 billion in 2024 to $10.33 billion by 2025, reflecting an annual growth rate compounded at 11.0%. This historical upward trend is attributable to several key factors, including supportive government policies, stringent environmental standards, advancements in battery technology, increasing consumer interest, enhancements in the supply chain, and the ongoing development of necessary infrastructure.

Anticipating substantial expansion, the market for electric vehicle (EV) sensors is projected to experience swift advancement in the coming years, reaching a valuation of $16.2 billion by 2029, driven forward by an 11.9% compound annual growth rate (CAGR); this predicted growth trajectory is fundamentally supported by the widening adoption of EVs, ongoing progress in self-driving technologies, enhancements in battery science, and strategic alliances among industry players, while key prevalent movements shaping the market encompass escalating rates of EV integration, increasing deployment of automated driving capabilities, improvements in battery monitoring solutions, stricter environmental regulations, and a heightened concentration on occupant protection systems.

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What Are The Main Drivers Boosting The Electric Vehicle (EV) Sensor Industry’s Expansion?

The rising consumer appetite for electric automobiles is anticipated to be the primary catalyst for the expansion of the market dedicated to EV sensors. These electric vehicles, which operate using entirely or partially electric power sources, rely on specialized sensors to interpret live operational data, enabling precise management of internal vehicle systems such as acceleration timing and velocity regulation, contributing to reduced dependence on fossil fuels, lower atmospheric pollutants, and bolstered energy independence. To illustrate this trend, official data from the US Department of Energy, the governmental body overseeing nuclear facilities and national energy strategies, indicated that in January 2023, monthly sales for new plug-in electric automobiles—a category encompassing both battery-electric and plug-in hybrid models—crossed the 7.4% threshold, marking the first time this figure surpassed 7% since September 2022, with plug-in hybrids accounting for 1.2% of that total; consequently, the escalating adoption of electric vehicles is directly fueling the expansion trajectory of the EV sensor sector.

How Is The Electric Vehicle (EV) Sensor Market Segmented?

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

Subsegments:

1) By Temperature Sensors: Thermocouples, Thermistors, Infrared Sensors

2) By Current Sensors: Hall Effect Sensors, Shunt Resistors, Rogowski Coils

3) By Position Sensors: Linear Position Sensors, Rotary Position Sensors, Magnetic Position Sensors

4) By Pressure Sensors: Absolute Pressure Sensors, Gauge Pressure Sensors, Differential Pressure Sensors

5) By Speed Sensors: Wheel Speed Sensors, Engine Speed Sensors, Transmission Speed Sensors

What Are The Major Trends Driving The Growth Of The Electric Vehicle (EV) Sensor Market?

A significant prevailing trend within the electric vehicle sensor market involves breakthroughs in product development; consequently, leading companies are heavily investing in research and development endeavors to bolster their competitive standing through the creation of novel technologies. Taking a specific example, in May of 2022, Continental, a major automotive firm headquartered in Germany, augmented its vast sensor portfolio by launching the current Sensor Module (CSM) alongside the battery impact detection (BID) system, specifically engineered for electrified automobiles, with both additions concentrating primarily on critical aspects of battery safety and performance characteristics. Additionally, making a move in June 2022, Microchip Technology Inc., an American semiconductor producer, unveiled the LX34070 IC, a newly developed inductive position sensor tailored for electric vehicle motor control applications, featuring key attributes such as differential outputs and rapid sample rates, all of which contribute to its capability to meet the stringent requirements of ISO 26262 at the Automotive Safety Integrity Level-C (ASIL-C) designation.

Which Global Market Leaders Are Shaping The Future Of The Electric Vehicle (EV) Sensor Sector?

Major companies operating in the electric vehicle (EV) sensor market include 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.

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Which Region Is Expected To Witness The Fastest Growth In The Electric Vehicle (EV) Sensor Market?

North America was the largest region in the electric vehicle (EV) sensor market in 2024. 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

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