Automotive Sensor for EV Market Growth Trend & Forecast with latest research study released by Delvens evaluating the market risk side analysis, highlighting opportunities, and leveraging strategic and tactical decision-making support. The report provides information on market trends and development, growth drivers, technologies, and the changing investment structure of the Global market.
The global Automotive Sensor for EV market size is projected to reach USD 40.5 billion by 2026 at a CAGR of 10.6% from USD 25 billion in 2021 during the forecast to 2028.
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Temperature and load fluctuations affect electric cars in a variety of ways. Various components providing functionality and features in current EVs are also powered by the vehicle's battery packs. With the advancement of EV battery capacity and charging technology, different factors like as temperature, current, and pressure changes must be monitored to guarantee that any rise or reduction outside of their operating range is noticed and resolved while driving the vehicle.
These circumstances necessitate the use of electric vehicle sensors, which monitor temperature, current, and pressure spikes in EVs. Some of the commonly used sensors include engine speed centre, wheel speed sensor and temperature sensors. The sensors are designed to make the drive more comfortable and user friendly.
Key Players of Automotive Sensor for EV Market:
· Robert Bosch
· Continental AG
· Delphi Automotive
· Denso Corporation
· Infineon Technologies
· On Semiconductor
· Melexis Nv.
· Magna International
· Valeo S.A.
· Leddartech
· Velodyne Lidar
· Innoviz Technologies
· Quanergy
· ZF Friedrichshafen and More
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Recent Developments
· In June 2020, Continental–Vitesco Technologies, and ROHM Semiconductor have signed a partnership for the development of SiC power devices.
· In April 2020, Infineon completely acquired Cypress Semiconductor with an aim to enhance its automotive semiconductors offerings.
· China announced the commencement of a five-city trial program to give incentives to buyers of electric and hybrid vehicles, as the government ramps up efforts to reduce pollution in the world's largest auto market.
· The California Air Resources Board authorized a $1.5 billion investment plan that would improve access to clean cars and sustainable mobility alternatives via a number of projects that support the zero-emission transformation of California's vehicle and equipment fleet.
Regional Analysis
Asia Pacific is expected to be the largest market during the forecast period. The various companies across the region are famous for producing compact and cost-effective car and also the raised per capita income of the people of the region have led to the expansion of market in the region.
Reasons to Acquire
· Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
· Gain authentic and granular data access for Automotive Sensor for EV market so as to understand the trends and the factors involved behind changing market situations
· Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
· In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns
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In addition to the market data for Automotive Sensor for EV Market, Delvens offers client-centric report and customized according to the company’s specific demand and requirement.
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