A quick peek into the report
Table of Contents
1.1 Trends: Current and Future Impact Assessment
1.1.1 Trends: Overview
1.1.2 Integration of Advanced Mobility Solutions
1.1.3 Changing User Preferences toward Electric Vehicles
1.2 Supply Chain Overview
1.2.1 Value Chain Analysis
1.2.2 Market Map
1.2.3 Pricing Forecast
1.3 Research and Development Review
1.3.1 Patent Filing Trend (by Year and Country)
1.4 Regulatory Landscape
1.5 Market Dynamics: Overview
1.5.1 Market Drivers
1.5.1.1 Surging Electric Vehicle Sales
1.5.1.2 Increasing Demand for Sensors Due to 5G Adoption in Electric Vehicles
1.5.1.3 Increasing Push from Government and Consumers to Develop Safety Features for Vehicles
1.5.2 Market Restraints
1.5.2.1 Spiraling Raw Material Prices
1.5.2.2 Safety and Reliability Issues with Electric Vehicle Sensor
1.5.3 Market Opportunities
1.5.3.1 Lucrative Promise of Autonomous Electric Vehicles
1.5.3.2 Vertical Integration of EV Sensors Business
1.6 Startup Funding Summary
2.1 Application Summary
2.2 Electric Vehicle Sensors Market (by Vehicle Type)
2.2.1 Passenger Vehicles
2.2.2 Commercial Vehicles
2.3 Electric Vehicle Sensors Market (by Power Source)
2.3.1 Battery Electric Vehicles (BEVs)
2.3.2 Hybrid Electric Vehicles (HEVs)
2.3.3 Plug-In Electric Vehicles (PHEVs)
3.1 Product Segmentation
3.2 Product Summary
3.3 Electric Vehicle Sensors Market (by Sensor Type)
3.3.1 Temperature Sensors
3.3.1.1 Electric Vehicle Battery
3.3.1.2 Electric Motors
3.3.1.3 Others
3.3.2 Current/Voltage Sensors
3.3.2.1 Electric Vehicle Battery
3.3.2.2 Electric Motors
3.3.2.3 Others
3.3.3 Pressure Sensors
3.3.4 Position Sensors
3.4 Electric Vehicle Sensors Market (by Point of Sale)
3.4.1 OEM
3.4.2 Aftermarket
3.4.2.1 Aftermarket (by Vehicle Type)
3.4.2.1.1 Passenger Vehicles
3.4.2.1.2 Commercial Vehicles
3.4.2.2 Aftermarket (by Power Source)
3.4.2.2.1 Battery Electric Vehicles (BEVs)
3.4.2.2.2 Hybrid Electric Vehicles (HEVs)
3.4.2.2.3 Plug-In Electric Vehicles (PHEVs)
4.1 Regional Summary
4.2 North America
4.2.1 Regional Overview
4.2.2 Driving Factors for Market Growth
4.2.3 Factors Challenging the Market
4.2.4 Application
4.2.5 Product
4.2.6 North America (by Country)
4.2.6.1 U.S.
4.2.6.2 Canada
4.2.6.3 Mexico
4.3 Europe
4.3.1 Regional Overview
4.3.2 Driving Factors for Market Growth
4.3.3 Factors Challenging the Market
4.3.4 Application
4.3.5 Product
4.3.6 Europe (by Country)
4.3.6.1 Germany
4.3.6.2 France
4.3.6.3 U.K.
4.3.6.4 Italy
4.3.6.5 Netherlands
4.3.6.6 Rest-of-Europe
4.4 Asia-Pacific
4.4.1 Regional Overview
4.4.2 Driving Factors for Market Growth
4.4.3 Factors Challenging the Market
4.4.4 Application
4.4.5 Product
4.4.6 Asia-Pacific (by Country)
4.4.6.1 China
4.4.6.2 Japan
4.4.6.3 Australia
4.4.6.4 South Korea
4.4.6.5 India
4.4.6.6 Rest-of-Asia-Pacific
4.5 Rest-of-the-World
4.5.1 Regional Overview
4.5.2 Driving Factors for Market Growth
4.5.3 Factors Challenging the Market
4.5.4 Application
4.5.5 Product
4.5.6 Rest-of-the-World (by Country)
4.5.6.1 Brazil
4.5.6.2 U.A.E.
4.5.6.3 Other
5.1 Next Frontiers
5.2 Geographic Assessment
5.3 Competitive Benchmarking
5.4 Company Profiles
5.4.1 Allegro MicroSystems, Inc.
5.4.1.1 Overview
5.4.1.2 Top Products/Product Portfolio
5.4.1.3 Top Competitors
5.4.1.4 Target Customers
5.4.1.5 Key Personnel
5.4.1.6 Analyst View
5.4.1.7 Market Share, 2022
5.4.2 Amphenol Advanced Sensors
5.4.2.1 Overview
5.4.2.2 Top Products/Product Portfolio
5.4.2.3 Top Competitors
5.4.2.4 Target Customers
5.4.2.5 Key Personnel
5.4.2.6 Analyst View
5.4.2.7 Market Share, 2022
5.4.3 ams-OSRAM AG
5.4.3.1 Overview
5.4.3.2 Top Products/Product Portfolio
5.4.3.3 Top Competitors
5.4.3.4 Target Customers
5.4.3.5 Key Personnel
5.4.3.6 Analyst View
5.4.3.7 Market Share, 2022
5.4.4 Analog Devices, Inc.
5.4.4.1 Overview
5.4.4.2 Top Products/Product Portfolio
5.4.4.3 Top Competitors
5.4.4.4 Target Customers
5.4.4.5 Key Personnel
5.4.4.6 Analyst View
5.4.4.7 Market Share, 2022
5.4.5 Denso Corporation
5.4.5.1 Overview
5.4.5.2 Top Products/Product Portfolio
5.4.5.3 Top Competitors
5.4.5.4 Target Customers
5.4.5.5 Key Personnel
5.4.5.6 Analyst View
5.4.5.7 Market Share, 2022
5.4.6 Infineon Technologies AG
5.4.6.1 Overview
5.4.6.2 Top Products/Product Portfolio
5.4.6.3 Top Competitors
5.4.6.4 Target Customers
5.4.6.5 Key Personnel
5.4.6.6 Analyst View
5.4.6.7 Market Share, 2022
5.4.7 Kohshin Electric Corporation
5.4.7.1 Overview
5.4.7.2 Top Products/Product Portfolio
5.4.7.3 Top Competitors
5.4.7.4 Target Customers
5.4.7.5 Key Personnel
5.4.7.6 Analyst View
5.4.7.7 Market Share, 2022
5.4.8 LEM
5.4.8.1 Overview
5.4.8.2 Top Products/Product Portfolio
5.4.8.3 Top Competitors
5.4.8.4 Target Customers
5.4.8.5 Key Personnel
5.4.8.6 Analyst View
5.4.8.7 Market Share, 2022
5.4.9 Zebra Technologies, Inc.
5.4.9.1 Overview
5.4.9.2 Top Products/Product Portfolio
5.4.9.3 Top Competitors
5.4.9.4 Target Customers
5.4.9.5 Key Personnel
5.4.9.6 Analyst View
5.4.9.7 Market Share, 2022
5.4.10 NXP Semiconductors
5.4.10.1 Overview
5.4.10.2 Top Products/Product Portfolio
5.4.10.3 Top Competitors
5.4.10.4 Target Customers
5.4.10.5 Key Personnel
5.4.10.6 Analyst View
5.4.10.7 Market Share, 2022
5.4.11 Renesas Electronics Corporation
5.4.11.1 Overview
5.4.11.2 Top Products/Product Portfolio
5.4.11.3 Top Competitors
5.4.11.4 Target Customers
5.4.11.5 Key Personnel
5.4.11.6 Analyst View
5.4.11.7 Market Share, 2022
5.4.12 Melexis
5.4.12.1 Overview
5.4.12.2 Top Products/Product Portfolio
5.4.12.3 Top Competitors
5.4.12.4 Target Customers
5.4.12.5 Key Personnel
5.4.12.6 Analyst View
5.4.12.7 Market Share, 2022
5.4.13 STMicroelectronics
5.4.13.1 Overview
5.4.13.2 Top Products/Product Portfolio
5.4.13.3 Top Competitors
5.4.13.4 Target Customers
5.4.13.5 Key Personnel
5.4.13.6 Analyst View
5.4.13.7 Market Share, 2022
5.4.14 Vishay Intertechnology, Inc.
5.4.14.1 Overview
5.4.14.2 Top Products/Product Portfolio
5.4.14.3 Top Competitors
5.4.14.4 Target Customers
5.4.14.5 Key Personnel
5.4.14.6 Analyst View
5.4.14.7 Market Share, 2022
5.4.15 Texas Instruments Incorporated
5.4.15.1 Overview
5.4.15.2 Top Products/Product Portfolio
5.4.15.3 Top Competitors
5.4.15.4 Target Customers
5.4.15.5 Key Personnel
5.4.15.6 Analyst View
5.4.15.7 Market Share, 2022
6.1 Data Sources
6.1.1 Primary Data Sources
6.1.2 Secondary Data Sources
6.1.3 Data Triangulation
6.2 Market Estimation and Forecast
Table 1: Market Snapshot
Table 2: Opportunities across Regions
Table 3: Competitive Landscape Snapshot
Table 4: Trends Overview
Table 5: Electric Vehicle Sensors Market Pricing Forecast (by Region), $/Unit, 2022-2033
Table 6: Startup Funding Summary
Table 7: Electric Vehicle Sensors Market (by Region), Million Units, 2022-2033
Table 8: Electric Vehicle Sensors Market (by Region), $Million, 2022-2033
Table 9: North America Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 10: North America Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 11: North America Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 12: North America Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 13: North America Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 14: North America Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 15: North America Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 16: North America Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 17: North America Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 18: North America Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 19: North America Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 20: North America Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 21: U.S. Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 22: U.S. Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 23: U.S. Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 24: U.S. Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 25: U.S. Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 26: U.S. Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 27: U.S. Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 28: U.S. Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 29: U.S. Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 30: U.S. Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 31: U.S. Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 32: U.S. Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 33: Canada Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 34: Canada Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 35: Canada Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 36: Canada Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 37: Canada Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 38: Canada Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 39: Canada Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 40: Canada Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 41: Canada Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 42: Canada Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 43: Canada Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 44: Canada Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 45: Mexico Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 46: Mexico Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 47: Mexico Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 48: Mexico Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 49: Mexico Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 50: Mexico Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 51: Mexico Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 52: Mexico Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 53: Mexico Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 54: Mexico Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 55: Mexico Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 56: Mexico Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 57: Europe Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 58: Europe Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 59: Europe Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 60: Europe Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 61: Europe Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 62: Europe Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 63: Europe Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 64: Europe Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 65: Europe Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 66: Europe Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 67: Europe Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 68: Europe Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 69: Germany Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 70: Germany Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 71: Germany Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 72: Germany Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 73: Germany Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 74: Germany Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 75: Germany Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 76: Germany Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 77: Germany Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 78: Germany Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 79: Germany Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 80: Germany Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 81: France Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 82: France Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 83: France Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 84: France Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 85: France Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 86: France Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 87: France Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 88: France Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 89: France Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 90: France Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 91: France Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 92: France Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 93: U.K. Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 94: U.K. Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 95: U.K. Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 96: U.K. Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 97: U.K. Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 98: U.K. Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 99: U.K. Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 100: U.K. Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 101: U.K. Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 102: U.K. Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 103: U.K. Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 104: U.K. Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 105: Italy Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 106: Italy Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 107: Italy Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 108: Italy Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 109: Italy Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 110: Italy Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 111: Italy Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 112: Italy Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 113: Italy Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 114: Italy Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 115: Italy Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 116: Italy Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 117: Netherlands Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 118: Netherlands Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 119: Netherlands Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 120: Netherlands Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 121: Netherlands Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 122: Netherlands Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 123: Netherlands Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 124: Netherlands Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 125: Netherlands Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 126: Netherlands Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 127: Netherlands Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 128: Netherlands Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 129: Rest-of-Europe Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 130: Rest-of-Europe Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 131: Rest-of-Europe Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 132: Rest-of-Europe Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 133: Rest-of-Europe Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 134: Rest-of-Europe Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 135: Rest-of-Europe Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 136: Rest-of-Europe Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 137: Rest-of-Europe Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 138: Rest-of-Europe Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 139: Rest-of-Europe Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 140: Rest-of-Europe Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 141: Asia-Pacific Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 142: Asia-Pacific Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 143: Asia-Pacific Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 144: Asia-Pacific Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 145: Asia-Pacific Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 146: Asia-Pacific Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 147: Asia-Pacific Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 148: Asia-Pacific Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 149: Asia-Pacific Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 150: Asia-Pacific Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 151: Asia-Pacific Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 152: Asia-Pacific Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 153: China Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 154: China Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 155: China Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 156: China Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 157: China Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 158: China Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 159: China Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 160: China Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 161: China Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 162: China Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 163: China Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 164: China Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 165: Japan Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 166: Japan Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 167: Japan Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 168: Japan Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 169: Japan Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 170: Japan Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 171: Japan Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 172: Japan Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 173: Japan Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 174: Japan Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 175: Japan Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 176: Japan Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 177: Australia Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 178: Australia Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 179: Australia Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 180: Australia Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 181: Australia Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 182: Australia Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 183: Australia Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 184: Australia Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 185: Australia Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 186: Australia Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 187: Australia Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 188: Australia Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 189: South Korea Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 190: South Korea Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 191: South Korea Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 192: South Korea Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 193: South Korea Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 194: South Korea Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 195: South Korea Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 196: South Korea Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 197: South Korea Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 198: South Korea Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 199: South Korea Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 200: South Korea Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 201: India Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 202: India Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 203: India Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 204: India Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 205: India Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 206: India Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 207: India Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 208: India Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 209: India Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 210: India Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 211: India Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 212: India Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 213: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 214: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 215: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 216: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 217: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 218: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 219: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 220: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 221: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 222: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 223: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 224: Rest-of-Asia-Pacific Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 225: Rest-of-the-World Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 226: Rest-of-the-World Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 227: Rest-of-the-World Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 228: Rest-of-the-World Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 229: Rest-of-the-World Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 230: Rest-of-the-World Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 231: Rest-of-the-World Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 232: Rest-of-the-World Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 233: Rest-of-the-World Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 234: Rest-of-the-World Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 235: Rest-of-the-World Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 236: Rest-of-the-World Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 237: Brazil Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 238: Brazil Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 239: Brazil Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 240: Brazil Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 241: Brazil Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 242: Brazil Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 243: Brazil Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 244: Brazil Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 245: Brazil Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 246: Brazil Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 247: Brazil Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 248: Brazil Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 249: U.A.E. Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 250: U.A.E. Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 251: U.A.E. Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 252: U.A.E. Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 253: U.A.E. Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 254: U.A.E. Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 255: U.A.E. Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 256: U.A.E. Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 257: U.A.E. Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 258: U.A.E. Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 259: U.A.E. Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 260: U.A.E. Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 261: Other Electric Vehicle Sensors Market (by Vehicle Type), Million Units, 2022-2033
Table 262: Other Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022-2033
Table 263: Other Electric Vehicle Sensors Market (by Power Source), Million Units, 2022-2033
Table 264: Other Electric Vehicle Sensors Market (by Power Source), $Million, 2022-2033
Table 265: Other Electric Vehicle Sensors Market (by Sensor Type), Million Units, 2022-2033
Table 266: Other Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022-2033
Table 267: Other Electric Vehicle Sensors Market (by Point of Sale), Million Units, 2022-2033
Table 268: Other Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022-2033
Table 269: Other Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), Million Units, 2022-2033
Table 270: Other Electric Vehicle Sensors Market (Aftermarket by Vehicle Type), $Million, 2022-2033
Table 271: Other Electric Vehicle Sensors Market (Aftermarket by Power Source), Million Units, 2022-2033
Table 272: Other Electric Vehicle Sensors Market (Aftermarket by Power Source), $Million, 2022-2033
Table 273: Market Share, 2022
Figure 1: Electric Vehicle Sensors Market (by Scenario), $Billion, 2022, 2026, and 2033
Figure 2: Electric Vehicle Sensors Market (by Region), $Million, 2022, 2026, 2033
Figure 3: Electric Vehicle Sensors Market, Pricing Analysis (by Region), $/Unit, 2022, 2026, and 2033
Figure 4: Electric Vehicle Sensors Market (by Vehicle Type), $Million, 2022, 2026, 2033
Figure 5: Electric Vehicle Sensors Market (by Power Source), $Million, 2022, 2026, 2033
Figure 6: Electric Vehicle Sensors Market (by Sensor Type), $Million, 2022, 2026, 2033
Figure 7: Electric Vehicle Sensors Market (by Point of Sale), $Million, 2022, 2026, 2033
Figure 8: Key Events
Figure 9: Electric Connected Autonomous Shared (ECAS) Vehicle
Figure 10: Benefits of E-Vehicles Over Fuel Vehicles
Figure 11: Supply Chain and Risks within the Supply Chain
Figure 12: Value Chain Analysis
Figure 13: Patent Analysis (by Year), January 2020-December 2023
Figure 14: Patent Analysis (by Country), January 2020-December 2023
Figure 15: Impact Analysis of Market Navigating Factors, 2023-2033
Figure 16: Sale of Electric Cars, Million Units, 2020-2022
Figure 17: Difficulty of Addressing Different Vertical Sectors and Use Cases within Those Sectors for 5G
Figure 18: Vehicle Safety Features by the European Union
Figure 19: Cost of Raw Materials for Electric Vehicles, 2018-2022
Figure 20: U.S. Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 21: Canada Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 22: Mexico Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 23: Germany Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 24: France Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 25: U.K. Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 26: Italy Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 27: Netherlands Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 28: Rest-of-Europe Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 29: China Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 30: Japan Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 31: Australia Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 32: South Korea Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 33: India Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 34: Rest-of-Asia-Pacific Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 35: Brazil Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 36: U.A.E. Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 37: Other Electric Vehicle Sensors Market, $Million, 2022-2033
Figure 38: Strategic Initiatives (by Company), 2020-2023
Figure 39: Share of Strategic Initiatives, January 2020-December 2023
Figure 40: Data Triangulation
Figure 41: Top-Down and Bottom-Up Approach
Figure 42: Assumptions and Limitations
Electric Vehicle Sensors Market Report Coverage
Global Electric Vehicle Sensors Market |
|||
Base Year |
2022 |
Market Size in 2023 |
$4.55 Billion |
Forecast Period |
2023-2033 |
Value Projection and Estimation by 2033 |
$18.64 Billion |
CAGR During Forecast Period |
15.14% |
Number of Pages |
268 |
Number of Tables | 273 |
Number of Figures |
42 |
Key Market Players and Competition Synopsis
The companies that are profiled in the electric vehicle sensors market have been selected based on inputs gathered from primary experts and analyzing company coverage, product portfolio, and market penetration.
Some of the prominent names in the electric vehicle sensors market are:
• Allegro MicroSystems, Inc.
• Amphenol Advanced Sensors
• ams Osram AG
• Analog Devices, Inc.
• Denso Corporation
• Infineon Technologies AG
• Kohshin Electric Corporation
• LEM
• Zebra Technologies, Inc.
• NXP Semiconductors
• Renesas Electronics Corporation
• Melexis
• STMicroelectronics
• Vishay Intertechnology, Inc.
• Texas Instruments Incorporated
Companies that are not a part of the aforementioned pool have been well represented across different sections of the electric cehicle sensors market report (wherever applicable).
How can this Report add value to an Organization?
Product/Innovation Strategy: The product segment helps the reader understand the different point of sales and sensor types. Moreover, the study provides the reader with a detailed understanding of the electric vehicle sensors market.
Growth/Marketing Strategy: The electric vehicle sensors market has seen major development by key players operating in the market, such as business expansions, partnerships, collaborations, mergers and acquisitions, and joint ventures. The company's favored strategy has been product developments, business expansions, and acquisitions to strengthen its position in the electric vehicle sensors market.
Competitive Strategy: Key players in the electric vehicle sensors market analyzed and profiled in the study involve electric vehicle sensor manufacturers and the overall ecosystem. Moreover, a detailed competitive benchmarking of the players operating in the electric vehicle sensors market has been done to help the reader understand how players stack against each other, presenting a clear market landscape. Additionally, comprehensive competitive strategies such as partnerships, agreements, acquisitions, and collaborations will aid the reader in understanding the untapped revenue pockets in the market.
Research Methodology
Factors for Data Prediction and Modeling
• The scope of the electric vehicle sensors market report has been focused on sensors such as temperature sensors, current/voltage sensors, pressure sensors, and position sensors.
• In the point-of-sale segment, OEM and aftermarket are considered in the scope.
• The base currency considered for the market analysis is US$. Currencies other than the US$ have been converted to the US$ for all statistical calculations, considering the average conversion rate for that particular year.
• The currency conversion rate has been taken from the historical exchange rate of the Oanda website.
• Nearly all the recent developments from January 2020 to December 2023 have been considered in this research study.
• The information rendered in the report is a result of in-depth primary interviews, surveys, and secondary analysis.
• Where relevant information was not available, proxy indicators and extrapolation were employed.
• Any economic downturn in the future has not been taken into consideration for the market estimation and forecast.
• Technologies currently used are expected to persist through the forecast with no major technological breakthroughs.
Market Estimation and Forecast
This research study involves the usage of extensive secondary sources, such as certified publications, articles from recognized authors, white papers, annual reports of companies, directories, and major databases to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global electric vehicle sensors market.
The process of market engineering involves the calculation of the market statistics, market size estimation, market forecast, market crackdown, and data triangulation (the methodology for such quantitative data processes is explained in further sections). The primary research study has been undertaken to gather information and validate the market numbers for segmentation types and industry trends of the key players in the market.
Primary Research
The primary sources involve industry experts from the electric vehicle sensors market and various stakeholders in the ecosystem. Respondents such as CEOs, vice presidents, marketing directors, and technology and innovation directors have been interviewed to obtain and verify both qualitative and quantitative aspects of this research study.
The key data points taken from primary sources include:
• validation and triangulation of all the numbers and graphs
• validation of reports segmentation and key qualitative findings
• understanding the competitive landscape
• validation of the numbers of various markets for market type
• percentage split of individual markets for geographical analysis
Secondary Research
This research study of the electric vehicle sensors market involves extensive secondary research, directories, company websites, and annual reports. It also makes use of databases, such as Hoovers, Bloomberg, Businessweek, and Factiva, to collect useful and effective information for an extensive, technical, market-oriented, and commercial study of the global market. In addition to the aforementioned data sources, the study has been undertaken with the help of other data sources and websites, such as the International Energy Agency (IEA) and Organisation Internationale des Constructeurs d'Automobiles (OICA).
Secondary research was done in order to obtain crucial information about the industry’s value chain, revenue models, the market’s monetary chain, the total pool of key players, and the current and potential use cases and applications.
The key data points taken from secondary research include:
• segmentations and percentage shares
• data for market value
• key industry trends of the top players of the market
• qualitative insights into various aspects of the market, key trends, and emerging areas of innovation
• quantitative data for mathematical and statistical calculations
Global Electric Vehicle Sensors Market Overview
The electric vehicle sensors market was valued at $4.55 billion in 2023, and it is expected to grow at a CAGR of 15.14% and reach $18.64 billion by 2033. This market is shaped by the increasing adoption of electric vehicles and the growing demand for autonomous vehicles. Conversely, challenges such as regulatory discrepancies, global uncertainties, economic instability, and infrastructural limitations pose hurdles to growth.
Introduction of EV Sensors
Electric Vehicles (EVs) leverage a complex sensor network to deliver operational efficiency, advanced safety, and market-differentiating features. This sensor technology is pivotal for intelligent battery management, optimizing range and longevity through real-time monitoring. Moreover, sensors protect critical EV components such as motors and inverters, ensuring both performance and long-term asset value.
The integration of ADAS, empowered by sensors such as LiDAR and radar, unlocks a new level of safety while laying the groundwork for autonomous capabilities. The EV market's exponential growth underscores the necessity for continued investment in sensor technologies, which will drive enhanced efficiency, reliability, and consumer-centric innovation.
Market Introduction
The electric vehicle sensors market is undergoing remarkable expansion, fueled by the swift uptake of electric vehicles on a global scale. Sensors play a crucial role in ensuring the functionality and safety of EVs, meticulously overseeing battery performance powertrain components, and facilitating advanced driver assistance systems (ADAS) that are revolutionizing the driving experience. The increasing demand for extended driving range, enhanced safety measures, and the evolution toward autonomous driving technologies are driving innovation and capital investment in EV sensor technology. Projections for the market anticipate sustained growth as sensor capabilities continue to advance, thereby optimizing EV efficiency and reliability, and enhancing user-centric features.
Industrial Impact
Given the increasing demand for electric vehicles and the growing market for advanced automotive electronics, the demand for EV sensors is expected to continue to rise. However, concerns about semiconductor shortage, the Russia-Ukraine war, and the need for sustainable materials for manufacturing sensors are prompting research and development efforts aimed at improving the efficiency and environmental performance of EV sensor production processes, as well as exploring alternative sources of materials for its manufacture.
The key players operating in the electric vehicle sensors market include Allegro MicroSystems, Inc., Amphenol Advanced Sensors, ams Osram AG, Analog Devices, Inc., Denso Corporation, Infineon Technologies AG, Kohshin Electric Corporation, LEM, Zebra Technologies, Inc., NXP Semiconductors, Renesas Electronics Corporation, Melexis. STMicroelectronics, Vishay Intertechnology, Inc., Texas Instruments Incorporated, and among others. These companies are focusing on strategic partnerships and product launches to expand their market presence.
Market Segmentation:
Segmentation 1: by Vehicle Type
• Passenger Vehicles
• Commercial Vehicles
Passenger Vehicles to Dominate the Electric Vehicle Sensors Market (by Vehicle Type)
As the global electric vehicle sensors market shifts toward sustainability, the demand for passenger vehicles is expected to surge. This is largely due to sensors' critical role in bolstering vehicle safety and performance. A significant increase in consumer preference for safety-first vehicles has strengthened the necessity for sensors in electric cars. Furthermore, consumers' growing affluence is driving the demand for electric vehicles that boast advanced features and superior safety measures, propelling the growth of passenger vehicles in the market. Additionally, continuous advancements in sensor technology are boosting the driving experience, contributing to the electric vehicle industry's robust and sustainable growth by making cars more reliable, efficient, and user-friendly.
Segmentation 2: by Power Source
• Battery Electric Vehicles (BEVs)
• Hybrid Electric Vehicles (HEVs)
• Plug-In Hybrid Electric Vehicles (PHEVs)
Battery Electric Vehicles to Dominate in the Electric Vehicle Sensors Market (by Power Source)
Battery electric vehicles (BEVs) are set to dominate the electric vehicle sensors market, a trend driven by their reliance on electric powertrains. This reliance necessitates a comprehensive range of sensors to ensure the battery's health, temperature, and energy efficiency are constantly monitored and managed. Unlike hybrid systems, BEVs' simplicity in technology means there's less mechanical complexity but a greater need for precise and dependable sensor data to maintain optimal performance and safety. With sustainability becoming a key consumer priority, the demand for BEVs is experiencing a surge, which is propelling advancements in sensor technology. These advancements are crucial for improving vehicle diagnostics, performance, and user experience. A key example of this dynamic is the evolution of battery management systems (BMS), essential for BEVs. BMSs are bolstering their reliance on sensors to execute vital tasks, including the monitoring of cell voltage and temperature, thereby boosting the growth of robust sensor technologies in the automotive sector.
Segmentation 3: by Sensor Type
• Temperature Sensors
• Current/Voltage Sensors
• Pressure Sensors
• Position Sensors
Current/Voltage Sensors to Dominate in the Electric Vehicle Sensors Market (by Sensors Type)
Current/voltage sensors are leading the electric vehicle sensors market due to their crucial function in maintaining efficient and safe operations of electric vehicles (EVs). These sensors are instrumental in overseeing the electrical system's integrity, enabling the battery management system to accurately determine the battery's state of charge and health. Such detailed monitoring is vital for enhancing the vehicle's range, performance, and durability. Specifically, for battery electric vehicles (BEVs), these sensors provide real-time insights into an electrical flow, boosting the capability to promptly identify any anomalies that might suggest problems, such as battery wear or short circuits. This role is propelling the growth of the EV sensors market, bolstering the technology's adoption due to its robust contribution to vehicle reliability and longevity.
Segmentation 4: by Point of Sale
• OEM
• Aftermarket
OEM to be Dominant in the Electric Vehicle Sensors Market (by Point of Sale)
The dominance of original equipment manufacturers (OEMs) in the electric vehicle sensors market is expected to surge, primarily driven by their critical involvement in the early stages of sensor integration into EVs. This position enables OEMs to ensure that these essential components match the vehicle's precise needs and specifications flawlessly. By controlling the design and manufacturing processes, OEMs can seamlessly embed advanced sensor technologies into the vehicle’s framework. This integration not only boosts the vehicle’s performance but also strengthens its safety features from the start, propelling robust growth in the electric vehicle sensors market.
Segmentation 5: by Region
• North America: U.S., Canada, and Mexico
• Europe: Germany, France, Italy, U.K., Netherlands, and Rest-of-Europe
• Asia-Pacific: China, Japan, Australia, South Korea, India, and Rest-of-Asia-Pacific
• Rest-of-the-World: Brazil, U.A.E., Others
The electric vehicle sensors market is experiencing considerable growth in the Asia-Pacific region, propelled by the accelerated adoption of electric vehicles in economically advanced nations such as China, Japan, and South Korea. The International Energy Agency (IEA) reports that, for FY2022, China was responsible for approximately 60% of all new global car registrations, underlining its significant contribution to the sector's expansion. Additionally, the Asia-Pacific area serves as a hub for numerous EV manufacturers such as BYD, SAIC, Nio, Nissan, Hyundai, and Toyota, further boosting the market's dynamics.
Countries on the rise, including India and Malaysia, are also demonstrating considerable strides in the electric vehicle sensors market, backed by robust government initiatives to foster the use of renewable energy. This surge is bolstering the sector's overall growth, indicating a positive trajectory for the adoption of sustainable transportation solutions.
Recent Developments in the Electric Vehicle Sensors Market
• In August 2023, Allegro MicroSystems, Inc., renowned for its pioneering power and sensing semiconductor technology in motion control and energy-efficient systems, strengthened its market position by securing a definitive agreement to acquire Crocus Technology.
• In February 2024, Infineon and Honda forged a strategic partnership for next-generation automotive technologies. MoU positions Infineon as a key semiconductor supplier in Honda's future roadmap.
• In January 2023, NXP and VinFast teamed up to deliver integrated, future-ready EV solutions, underlining the focus on providing comprehensive technology suites.
Demand - Driver, Limitation, and Opportunity
Market Demand Driver: Increasing Push from Government and Consumers to Develop Safety Features for Vehicles
Innovative sensor technologies are rapidly transforming vehicle design, driven by safety demands. Automakers are strategically integrating sensors to improve safety systems and reduce road accidents. Key players such as Allegro MicroSystems, Elmos Semiconductor SE, Infineon Technologies AG, and NXP Semiconductors are leading this innovation, developing sensors that optimize EV safety by accurately monitoring steering and braking. The growing popularity of advanced driver-assistance systems (ADAS) further fuels the need for sophisticated sensors to ensure safety and comfort. Sensor technology is constantly evolving, leading to improved vehicle performance and reliability. ADAS systems are at the forefront of tackling safety concerns, using advanced technologies such as embedded vision, connectivity, and intuitive human-machine interfaces. The concerning rate of vehicle accidents highlights the urgency for the widespread adoption of these safety-focused advancements.
Market Challenge: Spiraling Raw Material Prices
The electric vehicle sensors market faces increasing pressure due to the rising costs of essential raw materials. Manufacturers grapple with skyrocketing prices for metals, rare earths, and semiconductors, directly impacting production costs. Semiconductor shortages, supply chain issues, and global instability further worsen this price volatility. This could slow down innovation in EV sensor technology and hinder adoption. As input costs soar, manufacturers struggle to maintain profit margins, potentially leading to higher consumer prices. The unpredictable raw materials market adds risk to production planning, potentially stalling the growth of the EV sensor sector. To stay competitive, manufacturers must find alternative supply sources or invest in research on new materials.
Market Opportunity: Lucrative Promise of Autonomous Electric Vehicles
The rise of safety features and advanced vehicle control in electric vehicles (EVs) is pushing development costs higher. This is especially true for autonomous and semi-autonomous vehicles, which need many different sensors. As EVs with self-driving features become the norm, this sensor-heavy approach will boost demand for these components. Manufacturers must navigate this complex market carefully, investing in top-notch sensors and advanced control systems to succeed. These upgrades improve safety and user experience, plus they add innovative features that will appeal to customers. The need to monitor and test these systems throughout a vehicle's life brings more revenue potential for sensor makers and service providers. Ultimately, increased sensor use points to strong growth in the electric vehicle sensor market. Manufacturers ready with reliable, affordable, and cutting-edge sensor solutions will be best positioned to capitalize on this expanding opportunity where safety, automation, and electrification reshape the future of transportation.
Analyst View
According to Debraj Chakraborty, Principal Analyst, BIS Research, “Demand for advanced automotive electronics, increase in number of sensors per vehicle, and growing adoption of connected electric vehicles is expected to boost electric vehicle sensor sales in the forecast period. Rising awareness about electric vehicle benefits and government support for pushing electric vehicle sales led to significant demand for electric vehicle sensors. Strategic partnerships and collaborations between electric vehicle sensors and electric vehicle manufacturers to develop advanced and robust sensors are further strengthening the global electric vehicle sensors market.”
Electric Vehicle Sensors Market - A Global and Regional Analysis
Focus on Vehicle Type, Power Source, Sensor Type, Point of Sale, and Country-Level Analysis - Analysis and Forecast, 2023-2033
Frequently Asked Questions
Ans: The increasing push from the government and consumers to develop safety features for vehicles, the increasing demand for sensors due to 5G adoption in electric vehicles, and the growth in electric vehicle sales are some of the main drivers that are propelling the growth of the electric vehicle sensors market.
Ans: The supply chain in the electric vehicle sensors market operates through a network of raw material and component suppliers, manufacturers, distributors, and dealers that ensure the availability of EV sensors across various segments. The demand for EV sensors is mainly driven by electric vehicle sales.
Ans: Existing market players are focusing on expanding their sales and distribution networks, improving efficiency, and forming partnerships and collaborations to strengthen their market position.
Ans: The following can be termed as some of the USPs of the report:
• Extensive competitive benchmarking of 15 key players to offer a holistic view of the EV Sensors Market landscape
• Investment landscape, including product adoption scenario, funding, and patent analysis
Ans: The companies that produce EV sensors, component suppliers, distributors, electric vehicle manufacturers, research institutions, and regulatory bodies involved in the electric vehicle sensors market should buy this report.