Press release
Electric Vehicle (EV) Sensor Market Size, Forecast, Top Players, Trends And Growth 2023-2032
https://www.thebusinessresearchcompany.com/report/electric-vehicle-ev-sensor-global-market-report
The Business Research Company's Electric Vehicle (EV) Sensor Global Market Report 2023 identifies increase in demand for electric vehicles as the major driver for the Electric Vehicle (EV) Sensor market's growth in the forecast period. Electronic vehicles refer to vehicles that are either partially or fully powered by electric power. EV sensors are used in electric vehicles to read real-time signals and take necessary actions to manage in-vehicle functions such as ignition time, and speed control, assist in lowering gasoline prices.
The global electric vehicle (EV) sensor market size is expected to grow from $7.34 billion in 2022 to $8.35 billion in 2023 at a compound annual growth rate (CAGR) of 13.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global electric vehicle (EV) sensor market size is expected to reach $13.38 billion in 2027 at a CAGR of 12.5%.
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Major competitors in the Electric Vehicle (EV) Sensor market are Denso, Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Incorporated, LEM.
A key trend in the Electric Vehicle (EV) Sensor market includes product innovations. Major market players are developing innovative technologies through extensive research and development activities to strengthen their business position. For instance, in May 2022, Continental, a Germany-based automobile company, introduced the current Sensor Module (CSM) and the battery impact detection (BID) system for electrified vehicles, expanding its already extensive sensor range. The two new sensors will significantly emphasize battery characteristics or battery safety. Furthermore, in June 2022, Microchip Technology Inc, a US-based semiconductor manufacturer, introduced The LX34070 IC, a new inductive position sensor for the electric vehicle motor control industry.
Read More On The Global Electric Vehicle (EV) Sensor Market Report Here:
https://www.thebusinessresearchcompany.com/report/electric-vehicle-ev-sensor-global-market-report
The Electric Vehicle (EV) Sensor market is segmented -
• By Product Type: Temperature Sensors, Current Sensors, Position Sensors, Pressure Sensors, Speed Sensors
• By Propulsion: Battery Electric Vehicles (BEVs), Hybrid Electric Vehicles (HEVs), Plug-In Hybrid Electric Vehicles (PHEVs)
• By Sales Channel: OEM (Original Equipment Manufacturer), Aftermarket
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Electric Vehicle (EV) Sensor market.
The Business Research Company's "Global Electric Vehicle (EV) Sensor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Electric Vehicle (EV) Sensor Market Include:
1. Executive Summary
2. Electric Vehicle (EV) Sensor Market Characteristics
3. Electric Vehicle (EV) Sensor Market Trends And Strategies
4. Electric Vehicle (EV) Sensor Market - Macro Economic Scenario
5. Electric Vehicle (EV) Sensor Market Size And Growth
……………………………………………………………….
26. Africa Electric Vehicle (EV) Sensor Market
27. Electric Vehicle (EV) Sensor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Electric Vehicle (EV) Sensor Market
29. Electric Vehicle (EV) Sensor Market Future Outlook and Potential Analysis
30. Appendix
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