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Powertrain Sensor Market Growth Fueled By Rising Motor Vehicle Production : A Significant Driver Propelling The Powertrain Sensor Market In 2025
Powertrain Sensor Market
What Is the Powertrain Sensor Market Size and Projected Growth Rate?
The powertrain sensor market has shown strong growth in recent years. It will rise from $22.03 billion in 2024 to $23.43 billion in 2025 at a CAGR of 6.4%. This growth can be attributed to increasing infrastructure development, rising consumer purchasing power, the popularity of e-mobility, growing demand for luxury and electric vehicles, and the increasing use of powertrain sensors.
The powertrain sensor market is expected to see strong growth, reaching $29.58 billion by 2029 at a CAGR of 6.0%. Growth drivers include the increasing production and demand for hybrid vehicles, rising sales of commercial vehicles, and advances in automotive technologies. Key trends include sensor innovations, wireless sensor networks, and AI for predictive maintenance.
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What Are the Major Segments in the Powertrain Sensor Market?
The powertrain sensor market covered in this report is segmented -
1) By Type: Position Sensor, Speed Sensor, Pressure Sensor, Temperature Sensor, Other Sensors
2) By Subsystem: Drivetrain, Engine, Exhaust
3) By Propulsion: Internal Combustion Engine, Electric Vehicle
4) By Application: Passenger Car, Commercial Vehicle
Subsegments:
1) By Position Sensor: Linear Position Sensors, Rotary Position Sensors
2) By Speed Sensor: Magnetic Speed Sensors, Optical Speed Sensors, Hall Effect Speed Sensors
3) By Pressure Sensor: Absolute Pressure Sensors, Gauge Pressure Sensors, Differential Pressure Sensors
4) By Temperature Sensor: Thermocouples, Thermistors, Resistance Temperature Detectors (RTDs)
5) By Other Sensors: Knock Sensors, Oxygen Sensors, Exhaust Gas Temperature Sensors
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What Are The Driving Powertrain Sensor Market Evolution?
The increasing production of motor vehicles is expected to stimulate the growth of the powertrain sensor market. Motor vehicle production is driven by rising consumer demand and technological advances that streamline manufacturing processes. Powertrain sensors improve vehicle performance, efficiency, and safety, allowing real-time diagnostics and compliance with regulations. Statistics Canada reported a slight 0.3% increase in the number of registered road motor vehicles in Canada in 2022, contributing to the growth of the powertrain sensor market.
Which Firms Dominate The Powertrain Sensor Market Segments?
Major companies operating in the powertrain sensor market are Robert Bosch GmbH, Panasonic Corporation, Denso Corporation, Continental AG, Texas Instruments Incorporated, Aptiv plc, Schaeffler AG, TE Connectivity Ltd., Infineon Technologies AG, Kyocera Corporation, NXP Semiconductors N.V., BorgWarner Inc., Amphenol Corporation, Renesas Electronics Corporation, Hella GmbH and Co. KGaA, Littelfuse Inc., Allegro MicroSystems LLC, Melexis NV, IAV Automotive Engineering Inc., CTS Corporation, PCB Piezotronics Inc., Delphi Technologies plc
What Are the Latest Developing Trends in the Powertrain Sensor Market?
Companies in the powertrain sensor market are working on electric vehicle (EV) powertrain systems to stay competitive. For example, in March 2023, Allegro MicroSystems Inc., a US-based semiconductor company, introduced the ACS37601 current sensor, designed to optimize EV powertrain systems by accurately monitoring current flow, ensuring efficiency, and enhancing safe operation.
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Which Is The Largest Region In The Powertrain Sensor Market?
North America was the largest region in the powertrain sensor market in 2024. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the powertrain sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Powertrain Sensor Market?
2. What is the CAGR expected in the Powertrain Sensor Market?
3. What Are the Key Innovations Transforming the Powertrain Sensor Industry?
4. Which Region Is Leading the Powertrain Sensor Market?
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