Electric Vehicle Sensor Market Growth, Size, Trends, Demand, Share, Revenue and Future Outlook
Electric Vehicle Sensor Market Size- By Product Type, By Vehicle Type, By Propulsion, By Sales Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: AMIN24109 | Pages: 1 - 205 | Formats*: |
| Category : Automotive & Transportation | |||
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 |
| Regions covered | North America, Asia-Pacific, Latin America, Middle East & Africa and Europe |
| 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. |
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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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 report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Global Electric Vehicle Sensor Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
6.1. Global Electric Vehicle Sensor Market Manufacturing Base Distribution, Sales Area, Ingredients6.2. 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 2024-20337.2. Temperature Sensor7.3. Motion Sensor7.4. Pressure Sensor7.5. Gas Sensor7.6. Speed Sensor7.7. 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 2024-20338.2. Passenger Cars8.3. Commercial Vehicles8.4. 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 2024-20339.2. 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 2024-203310.2. OEM10.3. Aftermarket10.4. 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-Pacific16.3.1. Australia16.3.2. China16.3.3. India16.3.4. Japan16.3.5. South Korea16.3.6. Rest of Asia-Pacific16.4. Europe16.4.1. France16.4.2. Germany16.4.3. Italy16.4.4. Spain16.4.5. United Kingdom16.4.6. Rest of Europe16.5. Middle East and Africa16.5.1. Kingdom of Saudi Arabia16.5.2. United Arab Emirates16.5.3. Rest of Middle East & Africa16.6. North America16.6.1. Canada16.6.2. Mexico16.6.3. United States16.7. Latin America16.7.1. Argentina16.7.2. Brazil16.7.3. Rest of Latin America
17. Company Profile
17.1. Analog Devices Inc.17.1.1. Company details17.1.2. Financial outlook17.1.3. Product summary17.1.4. Recent developments17.2. Denso Corporation17.2.1. Company details17.2.2. Financial outlook17.2.3. Product summary17.2.4. Recent developments17.3. Amphenol Advanced Sensors17.3.1. Company details17.3.2. Financial outlook17.3.3. Product summary17.3.4. Recent developments17.4. NXP Semiconductors NV17.4.1. Company details17.4.2. Financial outlook17.4.3. Product summary17.4.4. Recent developments17.5. Vishay Intertechnology, Inc17.5.1. Company details17.5.2. Financial outlook17.5.3. Product summary17.5.4. Recent developments17.6. Texas Instruments Incorporated17.6.1. Company details17.6.2. Financial outlook17.6.3. Product summary17.6.4. Recent developments17.7. AMS Osram AG17.7.1. Company details17.7.2. Financial outlook17.7.3. Product summary17.7.4. Recent developments17.8. Infineon Technologies AG17.8.1. Company details17.8.2. Financial outlook17.8.3. Product summary17.8.4. Recent developments17.9. Allegro MicroSystems, LLC17.9.1. Company details17.9.2. Financial outlook17.9.3. Product summary17.9.4. Recent developments17.10. Melexis17.10.1. Company details17.10.2. Financial outlook17.10.3. Product summary17.10.4. Recent developments17.11. STMicroelectronics17.11.1. Company details17.11.2. Financial outlook17.11.3. Product summary17.11.4. Recent developments17.12. Sensata Technologies17.12.1. Company details17.12.2. Financial outlook17.12.3. Product summary17.12.4. Recent developments17.13. Renesas Electronics Corporation17.13.1. Company details17.13.2. Financial outlook17.13.3. Product summary17.13.4. Recent developments17.14. 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.
Frequently Asked Questions About This Report
Electric Vehicle Sensor Market is projected to reach USD 49.8 billion by 2033, growing at a CAGR of 15.39% during the forecast period.
Electric Vehicle Sensor Market size from 2022. The Market is expected to reach USD 49.8 billion by 2033, at a CAGR of 15.39% during the forecast period.
Electric Vehicle Sensor Market CAGR of 15.39% during the forecast period.
You can get the sample pages by clicking the link - Click Here
Electric Vehicle Sensor Market size is 49.8 billion from 2024 to 2033.
Electric Vehicle Sensor Market Segment is covered By Product Type, By Vehicle Type, By Propulsion, By Sales Channel
The North America is anticipated to have the highest market share in the Electric Vehicle Sensor Market.
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,
"The key players in the market include 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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