Electric Vehicle Sensor Market Forecasts to 2030 – Global Analysis By Sensor Type (Temperature Sensors, Current Sensors, Position Sensors, Pressure Sensors, Speed Sensors, Proximity Sensors, Torque Sensors, Humidity Sensors and Other Sensor Types), Vehicl

Electric Vehicle Sensor Market Forecasts to 2030 – Global Analysis By Sensor Type (Temperature Sensors, Current Sensors, Position Sensors, Pressure Sensors, Speed Sensors, Proximity Sensors, Torque Sensors, Humidity Sensors and Other Sensor Types), Vehicle Type, Propulsion, Sales Channel, Application and By Geography

According to Stratistics MRC, the Global Electric Vehicle Sensor Market is accounted for $11.28 billion in 2024 and is expected to reach $36.13 billion by 2030 growing at a CAGR of 17.2% during the forecast period. An electric vehicle sensor is a device embedded in electric vehicles to monitor and manage various vehicle functions and systems. These sensors collect data on parameters such as battery charge levels, temperature, vehicle speed, tire pressure, and environmental conditions, providing real-time feedback to the vehicle's control systems. EV sensors are essential for ensuring smooth operation, long battery life, and driver safety in electric vehicles.

According to the International Energy Agency (IEA), over 3 million electric cars were sold in 2020 (a growth of 40% year-on-year), and they accounted for over 4% of total car sales.

Market Dynamics:

Driver:

Rising demand for advanced driver-assistance systems (ADAS)

ADAS technologies, such as adaptive cruise control, lane-keeping assist, and autonomous driving, require a range of sensors to function effectively. As EVs increasingly integrate these safety and convenience features, the need for high-performance, reliable sensors grow. These sensors enable real-time data collection and processing, enhancing vehicle safety, driving experience, and energy efficiency. Consequently, the expansion of ADAS in electric vehicles is accelerating the demand for specialized sensors, fueling market growth.

Restraint:

Data security concerns

Data security concerns in EV sensors arise from the extensive use of connected technologies, which collect and transmit sensitive data such as driving patterns, battery status, and location information. Vulnerabilities in these systems can expose users to cyberattacks, data breaches, and unauthorized access. These risks undermine consumer trust and regulatory compliance. These concerns hinder market growth by limiting widespread integration of EV sensors and slowing the development of smart, connected electric vehicle systems.

Opportunity:

Expansion of electric vehicle charging infrastructure

As the number of charging stations increases, the demand for advanced sensors rises to ensure optimal charging performance, efficient energy management, and real-time monitoring of charging equipment. Sensors are essential for monitoring power levels, temperature, voltage, and detecting faults to improve safety and reliability at charging stations. Additionally, the integration of sensors in charging infrastructure enables features like smart grid connectivity, remote diagnostics, and user-friendly interfaces, driving further adoption of electric vehicles and fueling sensor market growth.

Threat:

Complexity in calibration

Complexity in calibration of EV sensors arises due to the high precision required for accurate readings, especially for critical functions like battery management, speed, and safety systems. EV sensors must operate under varying environmental conditions, such as temperature fluctuations, vibrations, and humidity, which increases calibration challenges. This complexity in ensuring precise calibration increases manufacturing costs, delays production timelines, and hampers the scalability of EV sensor integration, thereby limiting the overall growth of the market.

Covid-19 Impact

The covid-19 pandemic significantly impacted the electric vehicle sensor market by disrupting global supply chains and manufacturing operations. Lockdowns and restrictions led to delays in production and a slowdown in vehicle sales, affecting sensor demand. However, the crisis also accelerated the adoption of clean energy and electric vehicles, as governments and consumers increasingly prioritized sustainability. This shift, combined with the recovery of automotive production, is driving a rebound in the EV sensor market. The pandemic has highlighted the importance of digitalization and smart technologies in future mobility.

The speed sensors segment is expected to be the largest during the forecast period

The speed sensors segment is predicted to secure the largest market share throughout the forecast period. Speed sensors in electric vehicles play a critical role in monitoring the rotational speed of wheels or motor shafts. This data is essential for optimizing vehicle performance, ensuring accurate torque distribution, and enabling advanced safety systems like anti-lock braking systems (ABS) and traction control. These sensors also contribute to the efficiency of regenerative braking systems by providing precise speed information.

The safety & control systems segment is expected to have the highest CAGR during the forecast period

The safety & control systems segment is anticipated to witness the highest CAGR during the forecast period. Electric Vehicle sensors play a vital role in safety & control systems, ensuring efficient and secure operation. Sensors like gyroscopes, accelerometers, and proximity detectors help prevent collisions, maintain vehicle stability, and support features like lane-keeping and adaptive cruise control. Additionally, pressure and temperature sensors ensure the reliability of braking and thermal management systems, enhancing overall vehicle safety and driver confidence in electric mobility.

Region with largest share:

Asia Pacific is expected to register the largest market share during the forecast period driven by increasing government support, a growing EV manufacturing base, and rising consumer demand for eco-friendly vehicles. Countries like China, Japan, and South Korea are leading the market due to strong investments in EV infrastructure and technology. The region's focus on reducing emissions and promoting clean energy has fuelled the adoption of electric vehicles, further boosting the demand for advanced sensors.

Region with highest CAGR:

North America is projected to witness the highest CAGR over the forecast period due to rising environmental awareness, government incentives, and the growing adoption of electric vehicles. The U.S. and Canada are key players, with both nations investing heavily in EV infrastructure. Additionally, major automakers and technology companies in the region are increasingly focusing on sensor integration to improve vehicle performance thereby contributing to the market's expansion in North America.

Key players in the market

Some of the key players profiled in the Electric Vehicle Sensor Market include Bosch, Continental AG, Denso Corporation, Infineon Technologies, Honeywell International Inc., Delphi Technologies, Panasonic Corporation, Valeo, NXP Semiconductors, TE Connectivity, STMicroelectronics, Texas Instruments, Analog Devices, ZF Friedrichshafen AG, Sensata Technologies, Emerson Electric Co., Mahle GmbH, LEM, Visteon Corporation.

Key Developments:

In September 2024, LEM has launched a new SMU (single monitoring unit) family designed to work with all types of EV technologies – FHEVs, PHEVs and BEVs. The new modular SMU meets the needs of designers of automotive battery management systems (BMS) with the aim to extend the range as far as possible. It also identifies anomalies and support diagnostics, which improves vehicle efficiency and ensures compliance with regulations.

In January 2024, Infineon launched the Xensiv TLI5590-A6W magnetic position sensor, offering a compact solution compared to traditional position sensors. This sensor utilizes Infineon's Tunnel Magnetoresistance (TMR) technology, which provides enhanced sensitivity, reduced jitter, and low power consumption. The sensor offers high precision, with accuracy better than 10 µm, and operates across a wide temperature range, enhancing its adaptability in various environments.

Sensor Types Covered:
• Temperature Sensors
• Current Sensors
• Position Sensors
• Pressure Sensors
• Speed Sensors
• Proximity Sensors
• Torque Sensors
• Humidity Sensors
• Other Sensor Types

Vehicle Types Covered:
• Battery Electric Vehicles (BEVs)
• Plug-in Hybrid Electric Vehicles (PHEVs)
• Hybrid Electric Vehicles (HEVs)
• Fuel Cell Electric Vehicles (FCEVs)
• Other Vehicle Types

Propulsions Covered:
• Fully-electric
• Semi-electric

Sales Channels Covered:
• Original Equipment Manufacturers (OEMs)
• Aftermarket

Applications Covered:
• Battery Management Systems (BMS)
• Powertrain
• Chassis
• Infotainment & Connectivity
• Safety & Control Systems
• Other Applications

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements