Automotive Sensor for EV Market – Trends Forecast Till 2028

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 period 2021-2028.

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.