Comprehensive 2025 Powertrain Sensor Market Overview: Trends, Forecasts, and Growth Drivers

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What Is the Expected CAGR for the Powertrain Sensor Market Through 2025?
In the past few years, the powertrain sensor market has experienced substantial growth. It is predicted to expand from $22.03 billion in 2024 to $23.43 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 6.4%. Factors contributing to this historical growth include the rise in infrastructural developments, enhanced buying power of consumers, increased interest in electronic mobility (e-mobility), the growth in demand for luxury and electric vehicles, and the higher adoption rates of powertrain sensors.

What's the Projected Size of the Global Powertrain Sensor Market by 2029?
The market for powertrain sensors is predicted to experience substantial growth in the coming years. It's projected to expand to a value of $29.58 billion in 2029, with a compound annual growth rate (CAGR) of 6.0%. Growth drivers in this forecast period include escalated production of motor vehicles, growing automotive demand, increased interest in hybrid electric vehicles, a surge in commercial vehicle sales, elevated demand for silicon temperature sensors, increments in automobile sales and production, and growth in both the passenger and commercial vehicle sectors. The forecast period is expected to witness major trends such as product innovation and development, technology advances, the addition of flexible installations, creation of hybrid sensor solutions, advancements in automotive technologies, the rise of wireless sensor networks, and the assimilation of artificial intelligence for predictive maintenance.

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Top Growth Drivers in the Powertrain Sensor Industry: What's Accelerating the Market?
The ascending trend in the production of motor vehicles is projected to boost the expansion of the powertrain sensor market. Creating motor vehicles involves assembling parts to construct cars, trucks, and other autos, along with design, production, marketing, sale, repair, and upkeep of these vehicles. The surge in motor vehicle production is attributed to growing consumer demand for cars and advancements in production technology, enhancing both the production processes and efficiency. Powertrain sensors enrich vehicle production by enhancing performance, efficiency, safety, enabling instant diagnostics, guaranteeing regulatory adherence, and supplying critical data for constant betterment. For example, in November 2023, according to Statistics Canada, a government agency based in Canada, the total number of registered motor vehicles on the road in Canada in 2022 hit 26.3 million, which was a slight growth of 0.3% from 2021. As a result, the growing production of motor vehicles is fuelling the expansion of the powertrain sensor market.

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What Trends Will Shape the Powertrain Sensor Market Through 2029 and Beyond?
Key players in the powertrain sensor market are emphasizing the creation of novel products like electric vehicle powertrain systems to maintain their standing. These systems consist of elements and technologies that transform the electrical power stored in batteries into mechanical energy, propelling the vehicle's wheels. For instance, Allegro MicroSystems Inc., an American semiconductor firm, launched ACS37601, a high-accuracy field current sensor designed specifically for electric vehicle powertrain systems in March 2023. This top-notch current sensor enhances electric vehicle powertrain systems by meticulously tracking current flow, improving efficiency, and enabling safe usage through detailed data feedback. When incorporated, it equips EVs with cutting-edge control features, promoting prime performance and extending battery lifespan.

What Are the Main 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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Which Top Companies are Driving Growth in the Powertrain Sensor Market?
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

Which Regions Will Dominate the Powertrain Sensor Market Through 2029?
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.

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