Electric Vehicle (EV) Sensor Market
The electric vehicle (EV) sensor market is set for significant expansion as the shift toward electric mobility accelerates worldwide. With advancements in vehicle technologies and stricter safety regulations, the demand for sophisticated sensors in EVs is growing rapidly. This overview explores the market size projections, key players, and emerging trends shaping the future of EV sensor technology.
Forecasted Surge in the Electric Vehicle Sensor Market Size by 2030
The market for electric vehicle sensors is anticipated to experience robust growth in the coming years, reaching a valuation of $18.05 billion by 2030. This represents a compound annual growth rate (CAGR) of 11.8%. Several factors contribute to this upward trend, including the increasing production of battery electric vehicles (BEVs), hybrid electric vehicles (HEVs), and plug-in hybrid electric vehicles (PHEVs). Moreover, the growing demand for advanced position and speed sensors, stricter safety standards for EVs, the rising complexity of power electronics, and the expansion of intelligent vehicle platforms are key drivers behind this growth. Key trends influencing the market include enhanced EV-centric sensor integration, AI-based vehicle sensing adoption, growth in IoT-enabled vehicle diagnostics, advancements in autonomous mobility safety systems, and expanded use of digital sensor monitoring.
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Dominant Companies Shaping the Electric Vehicle Sensor Market
Several leading corporations hold prominent positions in the EV sensor industry. These include Denso Corporation, Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Incorporated, LEM Holding SA, Kohshin Electric Corporation, Vishay Intertechnology Inc., Allegro MicroSystems Inc., Amphenol Corporation, ams-OSRAM AG, Analog Devices Inc., Melexis NV, Sensata Technologies Inc., STMicroelectronics N.V., Renesas Electronics Corporation, TE Connectivity, Continental AG, Robert Bosch GmbH, ZF Friedrichshafen AG, Valeo SA, CTS Corporation, Honeywell International Inc., Kistler Group, Methode Electronics Inc., Panasonic Corporation, TDK Corporation, Aptiv plc, AVX Corporation, Bourns Inc., and Hella Inc.
Strategic Acquisition Enhancing EV Sensor Expertise
In a strategic move made in January 2023, Sona BLW Precision Forgings, an Indian firm specializing in precision-forged components and automotive driveline solutions, acquired a 54% stake in NOVELIC for $43.59 million (40.5 million euros). This acquisition allows Sona Comstar to strengthen its foothold in the advanced driver assistance systems (ADAS) sensor market and boost its technological capabilities within the EV sensor domain. NOVELIC, based in Serbia, specializes in self-sustaining millimeter-wave (mmWave) radar sensors and embedded software solutions tailored for automotive and industrial applications.
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Innovative Trends Shaping the Future of the EV Sensor Market
Leading players in the EV sensor sector are focusing on developing new sensor solutions that improve battery management system accuracy, safety, and cost efficiency. A prominent example is the hybrid current sensor, which combines shunt-based and Hall-effect technologies in one unit. Unlike traditional sensors that rely on either shunt or Hall-effect technology alone, this hybrid design offers direct high-current measurement with galvanic isolation and magnetic field sensing, resulting in a smaller footprint and enhanced safety through redundant measurement paths.
A case in point is LEM International SA, a Swiss sensor manufacturer, which in June 2025 introduced the Hybrid Supervising Unit (HSU). This sensor unit integrates both shunt and Hall-effect technologies to support EV battery management systems. The HSU features a 25 μO shunt resistance, can measure currents up to ±2,000 A for short durations, and operates efficiently across temperatures from -40 °C to +125 °C. Its Hall-effect portion provides galvanic isolation with an accuracy of approximately 2% at 500 A and about 5% at 2,000 A. Designed to fit standard busbar sizes, the HSU allows system developers to meet ASIL-D safety requirements while reducing overall costs, size, and complexity.
Comprehensive Segmentation of the Global EV Sensor Market
This report categorizes the electric vehicle sensor market into several segments to provide a detailed understanding of its structure:
1) By Product Type:
– Temperature Sensors
– Current Sensors
– Position Sensors
– Pressure Sensors
– Speed Sensors
2) By Propulsion Type:
– Battery Electric Vehicles (BEVs)
– Hybrid Electric Vehicles (HEVs)
– Plug-In Hybrid Electric Vehicles (PHEVs)
3) By Sales Channel:
– OEM (Original Equipment Manufacturer)
– Aftermarket
Further subcategories include types of sensors within each product group:
– Temperature Sensors: Thermocouples, Thermistors, Infrared Sensors
– Current Sensors: Hall Effect Sensors, Shunt Resistors, Rogowski Coils
– Position Sensors: Linear Position Sensors, Rotary Position Sensors, Magnetic Position Sensors
– Pressure Sensors: Absolute, Gauge, and Differential Pressure Sensors
– Speed Sensors: Wheel Speed, Engine Speed, and Transmission Speed Sensors
This segmentation highlights the varied sensor technologies and vehicle types driving demand across the EV sensor market globally.
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