Electric Vehicle (EV) High-Speed Position Sensors Market research report by Delvens focuses on primary sections such as – market segments, market outlook, competitive landscape, and company profiles. The segments provide details in terms of various perspectives such as end-use industry, product or service type, and any other relevant segmentation as per the market’s current scenario which includes various aspects to perform further marketing activity, the Electric Vehicle (EV) High-Speed Position Sensors Market size was estimated at USD 13.3 billion in 2023 and is projected to reach USD 34.9 billion in 2030 at a CAGR of 14.8% during the forecast to 2030.
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Electric vehicle sensors are devices that are used to detect, measure, and transmit information related to the performance of electric vehicles. These sensors are designed to sense physical inputs such as light, heat, motion, moisture, pressure, or any other entity that can affect the performance of the vehicle. The sensors respond to these inputs by producing an output on a display or transmitting the information in electronic form for further processing.
North America to Dominate the Market
Asia-Pacific Region Is Expected to Hold the High Market Share Asia-Pacific is a region that includes countries such as China, Japan, India, and Australia, among others. HEVs refer to hybrid electric vehicles, which are cars that use both an electric motor and a gasoline engine to power the vehicle.
The growing adoption of HEVs in Asia-Pacific means that more people are choosing to buy these types of cars, which is a positive factor for the electric vehicle sensor market.
Recent Developments
- A new quantum sensor using nitrogen-vacancy centers in diamonds can accurately measure the energy stored in electric vehicle batteries, potentially improving their range and energy efficiency.
- Nissan conducts extensive crash tests on its vehicles, including assessing the effects of collisions on human safety and simulating accidents involving pedestrians.
The prominent players in the Electric Vehicle (EV) High-Speed Position Sensors Market:
- Denso
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Texas Instruments Incorporated
- LEM
- Kohshin Electric Corporation
- Vishay Intertechnology Inc.
- Allegro MicroSystems Inc.
- Renesas Electronics Corporation
- TE Connectivity
- Continental AG
- Robert Bosch GmbH
- ZF Friedrichshafen AG and More
Key Findings
- On the basis of product, the electric vehicle sensor market is divided into different product types, including pressure sensors, temperature sensors, motion sensors, speed sensors, and gas sensors advanced driver assistance systems (ADAS), and manifold absolute pressure sensors (MAPS).
- On the basis of propulsion, the electric vehicle sensor market is divided into three categories based on propulsion: hybrid electric vehicles (HEVs), plug-in hybrid electric vehicles (PHEVs), and battery electric vehicles (BEVs). Smart sensors are used in accelerometers, which are devices that measure acceleration and deceleration of a vehicle.
- The market is also divided into various regions such as North America, Europe, Asia-Pacific, South America, and Middle East and Africa. The Asia-Pacific region is expected to be a significant market for the electric vehicle sensor industry, with China leading the way. This is due to the region’s well-established electronics industry and the adoption of innovative technologies, which have given organizations in the region a competitive edge in the market.
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