“Global EV Sensors Market: Growth, Outlook, and Competitive Analysis, 2018 – 2030” is the most recent market study released by Credence Research, Inc. The global EV Sensors market had revenue of about USD 8.2 billion in 2022, and it is predicted to increase at a CAGR of more than 16.8% from 2018 to 2030, reaching about USD 8.2 billion.
Market Overview
In logistics and transportation, the use of automated and semi-automated vehicles will rise, promoting the creation of electric vehicle sensors. Significant firms combine numerous sensors, including radar, image, LiDAR, and infrared, to improve traffic safety and autonomous mobility. Because of growing safety concerns, governments worldwide have started to accept and employ autonomous vehicles. One of the key aspects impacting market demand is the increasing use of sensors in autonomous vehicles. While the development of autonomous and semi-autonomous vehicles is anticipated to drive the demand for electric vehicles, the market’s expansion will be aided by the growing use of image, temperature, position, and speed sensors in ADAS/AD systems.
The electrification of powertrain components would arise from developing EVs and HEVs. Internal combustion engine (ICE)-powered vehicles are either being officially banned by several states or are in the process of being so. Chinese automakers now produce more electric vehicles than they did in 2019 (10% of total output). Many foreign automakers have also set goals to increase EV sales by up to 15-25% of their overall sales by 2025 to make EVs more affordable for the general public. As major Automakers work towards their EV goals, the semiconductor industry will grow accordingly. The market for EV Sensors will grow due to the numerous opportunities for improvements in electronic powertrain technology that will be used to reduce total emissions.
Top Company Profile in EV Sensors Market
- Allegro MicroSystems
Analog and mixed-signal semiconductors are designed, developed, produced, and sold by Allegro MicroSystems, LLC. The company sells magnetic sensor integrated circuits (ICs), LED drivers, single output drivers, micropower switches, dual element switches, and single output drivers. Allegro MicroSystems serve global customers.
- Amphenol Advanced Sensors
Amphenol Advanced Sensors is a leader in highly designed sensors, offering one of the broadest product portfolios for temperature, pressure, CO2, humidity, and dust sensors. We serve the transportation, medical, and industrial markets by collaborating with customers and other industries while utilizing our substantial application and market-specific sensor experience. Amphenol’s sensor technology promotes energy economy, pollution reduction, and passenger and heavy goods safety.
- ams AG
Ams AG is an Austrian electronics firm that creates and manufactures sensors for the tiny form factor, low power, highest sensitivity, and multi-sensor applications. The company was originally known as austriamicrosystems AG (originating from Austria Mikro Systeme) and ams AG (before acquiring OSRAM). Products for the mobile, consumer, communications, industrial, medical, and automotive markets include sensors, sensor ICs, interfaces, and related software. The German lighting, LED, and opto-semiconductor firm OSRAM was purchased by ams AG in 2020. Since that time, the business has gone by the name ams OSRAM. Ams OSRAM, with its global headquarters in Austria, employs about 24,000 people. The Swiss stock exchange SIX is where ams OSRAM is listed (ticker symbol: AMS).
- Denso Corporation
Manufacturer of automobile parts DENSO Corporation is based in the Japanese city of Kariya in the Aichi Prefecture. Nippon Denso Co. Ltd. was established in 1949 as its original name after breaking away from Toyota Motor. Toyota owns about 25% of the company. Despite being a member of the Toyota Group of Companies, as of the fiscal year that ended in March 2016, fewer than 50% of total income came from sales to the Toyota Group (44% of revenue came from other automakers in Japan, Germany, the United States, and China).
- Infineon Technologies AG
Infineon Technologies AG, which was founded in 1999 after the semiconductor section of former parent company Siemens AG was spun off, is the largest semiconductor producer in Germany. Infineon, one of the top 10 semiconductor manufacturers worldwide, employs about 50,280 employees.
Infineon sells chip cards, security devices, and semiconductors and systems for the automotive, industrial, and multimarket segments. Infineon has subsidiaries in Singapore and Tokyo, Japan in the Asia-Pacific region and the US in Milpitas, California.
- Koshin Electric
Mitsubishi Electric Corporation owns 100 percent of the device manufacturer Koshin Electric.
As a “Manufacturing Partner” of Mitsubishi Electric Fukuyama Works, Koshin Electric has three main businesses: the current sensor business, which it develops, produces, and sells internally; the contract manufacturing business (EMS business), which it inherits from “Mitsubishi Electric Metecs”; and the magnetic device business. They dominate the global market, particularly in the area of current sensors for inverters for HV/EV. We are moving closer to the EV market, which is anticipated to expand.
- LEM
LEM, a market leader in electrical measurement, develops and produces the best energy and mobility solutions, guaranteeing that our customers’ systems are efficient, dependable, and secure. Its 1,500 employees work in 15 countries to turn the power of technology into effective solutions. Working at the vanguard of major developments like renewable energy, mobility, automation, and digitization, they cultivate and hire the greatest global talent. The company has been listed on the SIX Swiss Exchange since 1986 under the ticker LEHN.
- Melexis
Melexis is a leading provider of micro-electronic semiconductor technologies committed to designing the safest, cleanest, most comfortable, and healthiest future imaginable. The applications that its technology enables show evidence of each of these features. The switch to electric vehicles is being energized by Melexis (EVs). We improve the effectiveness of ICE vehicles. One thousand seven hundred coworkers from 50 different countries across three continents work together to create the most ideal future.
- NXP Semiconductors
The Netherlands-based semiconductor manufacturer and designer NXP Semiconductors N.V. (NXP) is based in Eindhoven. Almost 31,000 employees are employed by the organization in more than 30 nations. NXP offers technological solutions for mobile, communication infrastructure, industrial & IoT, and automotive markets. Almost 9,500 patent families are owned by the business. Together with Sony and Inside Secure, NXP co-invented near-field communication (NFC) technology. NXP provides NFC chip sets that let users securely store and share data on their mobile devices and use them to make payments for goods.
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