Electric Vehicle Sensor Market Introduction and Overview
According to SPER Market Research, the Global Electric Vehicle Sensor Market is estimated to reach USD 49.8 billion by 2033 with a CAGR of 15.39%.
The report includes an in-depth analysis of the Global Electric Vehicle Sensor Market, including market size and trends, product mix, Applications, and supplier analysis. Sensors in electric vehicles gather, measure, and send data that is used to analyse the operation of the vehicles. Sensors are devices that produce an appropriate output in response to events or changes in their surroundings. When they detect any physical input—such as light, heat, motion, wetness, pressure, or any other kind of entity—they react by either displaying the information on a display or sending it in an electronic format for additional processing. These sensors monitor and regulate changes in an automobile's chemical, physical, and process elements using integrated circuit (IC) fabrication technology produced on silicon wafers.
- Infineon introduced the Xensiv TLI5590-A6W magnetic position sensor in January of 2024. The tiny size of the sensor is its main advantage over conventional position sensors.
- Continental released the eRPS sensor in February 2023. The sensor claims to give operations a high degree of accuracy.
Market Opportunities and Challenges
Because of its advantages in both the economy and the environment, electric vehicles are growing in popularity. Because these cars run on electricity rather than gasoline, pollution and energy expenses are reduced. Additionally, governments and automakers are promoting the usage of EVs through tax credits, subsidies, and other incentives. Future years should see a rise in the use of EVs as a result of continuing technology breakthroughs and rising public knowledge of their advantages. Automakers like Daimler, Tesla, NIO, Rivian, Xpeng, and Volkswagen have created ADAS features and autonomous vehicles. Sensors and controllers included in an autonomous EV include wheel speed sensors, accelerometer sensors, brake pedal position sensors, electric motor controllers, battery management systems (BMS), and vehicle range sensors. Global demand for environmentally friendly and driverless electric vehicles is predicted to drive up demand for sensors and sensor platforms.
The growth and sustainability of the electric vehicle sensor industry are impacted by numerous issues. A number of developments in vehicle technology have resulted from safety laws, among other things. However, as regulatory organizations like the NHTSA and Euro NCAP are pushing the usage of ADAS in cars to lower traffic accidents, this has led to significant compliance costs. The first stage toward fully autonomous cars are this. The total cost of autonomous vehicles reflects the growing demand for convenience, comfort, and safety. Autonomous cars that cost more tend to be better built, have more features, and use cutting edge technology. Less expensive self-driving cars might have less sophisticated technology or fewer functions, although they might still offer automated features like parking assistance and lane-keeping. When purchasing an automobile, purchasers now prioritize energy efficiency, safety, and comfort over features like power, speed, and design. It is difficult for manufacturers to offer these features at a reasonable price.
Market Competitive Landscape
The market for electric vehicle sensors is fragmented and competitive, with several major companies in the sector. Among the leading businesses in the industry are Analog Devices Inc., Denso Corporation, Amphenol Advanced Sensors, NXP Semiconductors NV, Vishay Intertechnology, Inc., Texas Instruments Incorporated, AMS Osram AG, Infineon Technologies AG, Allegro MicroSystems, LLC, Melexis, STMicroelectronics, Sensata Technologies, and Renesas Electronics Corporation.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Product Type, By Vehicle Type, By Propulsion, By Sales Channel
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| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe
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| Companies Covered | Analog Devices Inc., Denso Corporation, Amphenol Advanced Sensors, NXP Semiconductors NV, Vishay Intertechnology, Inc, Texas Instruments Incorporated, AMS Osram AG, Infineon Technologies AG, Allegro MicroSystems, LLC, Melexis, STMicroelectronics, Sensata Technologies, and Renesas Electronics Corporation.
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COVID-19 Impact on Global Electric Vehicle Sensor Market
The car industry was significantly impacted by the COVID-19 pandemic. In 2020, sales of passenger cars worldwide dropped to 60.5 million units. The growing scarcity of semiconductors, which are mostly needed to produce electrical components, made this issue worse. The industry figures were not predictable even after regular business procedures resumed due to tight social distance standards. In light of this, the automobile sector must adopt new methods of operation.
Key Target Audience:
- Automotive Manufacturers
- Sensor Manufacturers
- Technology Suppliers
- Research Institutions
- Government Organization
Our in-depth analysis of the Electric Vehicle Sensor Market includes the following segments:
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By Product Type: |
Temperature Sensor
Motion Sensor
Pressure Sensor
Gas Sensor
Speed Sensor
Others
|
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By Vehicle Type: |
Passenger Cars
Commercial Vehicles
Others
|
|
By Propulsion: |
Hybrid Electric Vehicles (HEVs)
Plug-In Hybrid Electric Vehicles (PHEVs)
Battery Electric Vehicles (BEVs)
Others
|
|
By Sales Channel: |
OEM
Aftermarket
Others
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Key Topics Covered in the Report:
- Global Electric Vehicle Sensor Market Size (FY’2024-FY’2033)
- Overview of Global Electric Vehicle Sensor Market
- Segmentation of Global Electric Vehicle Sensor Market By Product Type (Temperature Sensor, Motion Sensor, Pressure Sensor, Gas Sensor, Speed Sensor, Others)
- Segmentation of Global Electric Vehicle Sensor Market By Vehicle Type (Passenger Cars, Commercial Vehicles, Others)
- Segmentation of Global Electric Vehicle Sensor Market By Propulsion (Hybrid Electric Vehicles, Plug-In Hybrid Electric Vehicles, Battery Electric Vehicles, Others)
- Segmentation of Global Electric Vehicle Sensor Market By Sales Channel (OEM, Aftermarket, Others)
- Statistical Snap of Global Electric Vehicle Sensor Market
- Expansion Analysis of Global Electric Vehicle Sensor Market
- Problems and Obstacles in Global Electric Vehicle Sensor Market
- Competitive Landscape in the Global Electric Vehicle Sensor Market
- Impact of COVID-19 and Demonetization on Global Electric Vehicle Sensor Market
- Details on Current Investment in Global Electric Vehicle Sensor Market
- Competitive Analysis of Global Electric Vehicle Sensor Market
- Prominent Players in the Global Electric Vehicle Sensor Market
- SWOT Analysis of Global Electric Vehicle Sensor Market
- Global Electric Vehicle Sensor Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1. Research data source
2.1.1. Secondary Data
2.1.2. Primary Data
2.1.3. SPER’s internal database
2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers
4.1.2. Restraints
4.1.3. Opportunities
4.1.4. Challenges
4.2. COVID-19 Impacts of the Global Electric Vehicle Sensor Market
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths
5.1.2. Weaknesses
5.1.3. Opportunities
5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape
5.2.2. Economic Landscape
5.2.3. Social Landscape
5.2.4. Technological Landscape
5.2.5. Environmental Landscape
5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers
5.3.2. Bargaining power of buyers
5.3.3. Threat of Substitute
5.3.4. Threat of new entrant
5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Electric Vehicle Sensor Market Manufacturing Base Distribution, Sales Area, Ingredients
6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Electric Vehicle Sensor Market
7. Global Electric Vehicle Sensor Market, By Product Type (USD Million)
7.1. Global Electric Vehicle Sensor Market Value Share and Forecast, By Product Type 2024-2033
7.2. Temperature Sensor
7.3. Motion Sensor
7.4. Pressure Sensor
7.5. Gas Sensor
7.6. Speed Sensor
7.7. Others
8. Global Electric Vehicle Sensor Market, By Vehicle Type (USD Million)
8.1. Global Electric Vehicle Sensor Market Value Share and Forecast, By Vehicle Type 2024-2033
8.2. Passenger Cars
8.3. Commercial Vehicles
8.4. Others
9. Global Electric Vehicle Sensor Market, By Propulsion (USD Million)
9.1. Global Electric Vehicle Sensor Market Size Value Share and Forecast, By Propulsion 2024-2033
9.2. Hybrid Electric Vehicles (HEVs)
9.3. Plug-In Hybrid Electric Vehicles (PHEVs)
9.4. Battery Electric Vehicles (BEVs)
9.5. Others
10. Global Electric Vehicle Sensor Market, By Sales Channel (USD Million)
10.1. Global Electric Vehicle Sensor Market Size Value Share and Forecast, By Sales Channel 2024-2033
10.2. OEM
10.3. Aftermarket
10.4. Others
11. Global Electric Vehicle Sensor Market, Forecast, 2020-2033 (USD Million)
11.1. Global Electric Vehicle Sensor Market Size and Market Share
12. Global Electric Vehicle Sensor Market, By Product Type 2020-2033 (USD Million)
12.1. Global Electric Vehicle Sensor Market Size and Market Share, By Product Type (2020-2026)
12.2. Global Electric Vehicle Sensor Market Size and Market Share, By Product Type (2027-2033)
13. Global Electric Vehicle Sensor Market, By Vehicle Type 2020-2033 (USD Million)
13.1. Global Electric Vehicle Sensor Market Size and Market Share, By Vehicle Type (2020-2026)
13.2. Global Electric Vehicle Sensor Market Size and Market Share, By Vehicle Type (2027-2033)
14. Global Electric Vehicle Sensor Market, By Propulsion 2020-2033 (USD Million)
14.1. Global Electric Vehicle Sensor Market Size and Market Share, By Propulsion (2020-2026)
14.2. Global Electric Vehicle Sensor Market Size and Market Share, By Propulsion (2027-2033)
15. Global Electric Vehicle Sensor Market, By Sales Channel 2020-2033 (USD Million)
15.1. Global Electric Vehicle Sensor Market Size and Market Share, By Sales Channel (2020-2026)
15.2. Global Electric Vehicle Sensor Market Size and Market Share, By Sales Channel (2027-2033)
16. Global Electric Vehicle Sensor Market, By Region, 2020-2033 (USD Million)
16.1. Global Electric Vehicle Sensor Market Size and Market Share, By Region (2020-2026)
16.2. Global Electric Vehicle Sensor Market Size and Market Share, By Region (2027-2033)
16.3. Asia-Pacific
16.3.1. Australia
16.3.2. China
16.3.3. India
16.3.4. Japan
16.3.5. South Korea
16.3.6. Rest of Asia-Pacific
16.4. Europe
16.4.1. France
16.4.2. Germany
16.4.3. Italy
16.4.4. Spain
16.4.5. United Kingdom
16.4.6. Rest of Europe
16.5. Middle East and Africa
16.5.1. Kingdom of Saudi Arabia
16.5.2. United Arab Emirates
16.5.3. Rest of Middle East & Africa
16.6. North America
16.6.1. Canada
16.6.2. Mexico
16.6.3. United States
16.7. Latin America
16.7.1. Argentina
16.7.2. Brazil
16.7.3. Rest of Latin America
17. Company Profile
17.1. Analog Devices Inc.
17.1.1. Company details
17.1.2. Financial outlook
17.1.3. Product summary
17.1.4. Recent developments
17.2. Denso Corporation
17.2.1. Company details
17.2.2. Financial outlook
17.2.3. Product summary
17.2.4. Recent developments
17.3. Amphenol Advanced Sensors
17.3.1. Company details
17.3.2. Financial outlook
17.3.3. Product summary
17.3.4. Recent developments
17.4. NXP Semiconductors NV
17.4.1. Company details
17.4.2. Financial outlook
17.4.3. Product summary
17.4.4. Recent developments
17.5. Vishay Intertechnology, Inc
17.5.1. Company details
17.5.2. Financial outlook
17.5.3. Product summary
17.5.4. Recent developments
17.6. Texas Instruments Incorporated
17.6.1. Company details
17.6.2. Financial outlook
17.6.3. Product summary
17.6.4. Recent developments
17.7. AMS Osram AG
17.7.1. Company details
17.7.2. Financial outlook
17.7.3. Product summary
17.7.4. Recent developments
17.8. Infineon Technologies AG
17.8.1. Company details
17.8.2. Financial outlook
17.8.3. Product summary
17.8.4. Recent developments
17.9. Allegro MicroSystems, LLC
17.9.1. Company details
17.9.2. Financial outlook
17.9.3. Product summary
17.9.4. Recent developments
17.10. Melexis
17.10.1. Company details
17.10.2. Financial outlook
17.10.3. Product summary
17.10.4. Recent developments
17.11. STMicroelectronics
17.11.1. Company details
17.11.2. Financial outlook
17.11.3. Product summary
17.11.4. Recent developments
17.12. Sensata Technologies
17.12.1. Company details
17.12.2. Financial outlook
17.12.3. Product summary
17.12.4. Recent developments
17.13. Renesas Electronics Corporation
17.13.1. Company details
17.13.2. Financial outlook
17.13.3. Product summary
17.13.4. Recent developments
17.14. Others
18. List of Abbreviations
19. Reference Links
20. Conclusion
21. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
