Electric Vehicle Sensors Market Investment Opportunities: Where to Focus in the Coming Decade
How Big is the Electric Vehicle Sensors Market?
According to the MarkNtel Advisors’ research report, “Global Electric Vehicle Sensors Market Analysis, 2021,” the market is likely to grow at a CAGR of around 12% during 2021-26, primarily due to the rising demand for integrating advanced technologies into electric vehicles for monitoring temperature, current, pressure changes, etc.
Market Statistics
- Market Growth Rate (CAGR): 12% from 2021-2026
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Electric Vehicle Sensors Market Insight:
Driver-
Burgeoning Demand for Electric Vehicle
The demand for an electric vehicle is significantly increasing as it helps reduce fuel costs, mitigates carbon emissions, and escalates energy security. With the rising use of alternative fuel cars, the demand for electric vehicle sensors also increases to ensure the safety and reliability of the vehicle. Further, the introduction of advanced technologies & systems and the rising adoption of these technologies in the automotive industry have expanded the vehicle’s electrification levels, thereby fueling the growth of the Global Electric Vehicle Sensors Market.
Electric Vehicle Sensors Market Segmentation:
The report has segmented the market into the following categories:
By Type
- Temperature Sensors
- Current/Voltage Sensors
- Engine-Based Sensors
- Proximity Sensors
- Pressure Sensors
- Position Sensors
- Inertial Sensors
- Speed Sensors
- Others (Cabin Sensors, etc.)
By Application
- Battery Electric Vehicle (BEV)
- Hybrid-Electric Vehicle (HEV)
- Plug-In Hybrid Electric Vehicle (PHEV)
By Vehicle Type
- Two-Wheeler Vehicles
- Passenger Cars
- Commercial Vehicles
By Region
- North America
- South America
- Europe
- Middle East & Africa
- Asia-Pacific
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Competitive Landscape:
- Denso
- Infineon Technologies AG
- NXP Semiconductors
- Texas Instruments Incorporated
- LEM
- Kohshin Electric Corporation
- Vishay Intertechnology, Inc
- Allegro MicroSystems
- Amphenol Advanced Sensors
- Ams AG
- Analog Devices
- Melexis
- Sensata Technologies
- STMicroelectronics.
The report offers an in-depth examination of the competitive landscape. It includes a thorough competitive analysis encompassing market structure, key player positioning, leading strategies for success, a competitive dashboard, and a company evaluation quadrant.
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Key Highlights of the Report:
- Market Performance (2021-2026)
- Strategic Recommendations
- Current, Historical and Future Market Trends
- Market Drivers and Leading Competitor
- SWOT Analysis
- Structure of the Market
- Comprehensive Mapping and Recent Advancement
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