Electric Vehicle (EV) Sensor Global Market Report 2023: Sector to Reach $13.38 Billion by 2027 at a 12.5% CAGR
DUBLIN, May 19, 2023 /PRNewswire/ -- The "Electric Vehicle (EV) Sensor Global Market Report 2023" report has been added to ResearchAndMarkets.com's offering.
The increase in demand for electric vehicles is expected to propel the growth of the electronic vehicle (EV) sensors market. Electronic vehicles refer to vehicles that are either partially or fully powered by electric power. EV sensors are used in electric vehicles to read real-time signals and take necessary actions to manage in-vehicle functions such as ignition time, and speed control, assist in lowering gasoline prices, reduce carbon emissions, and enhance energy security.
For instance, according to May 2022 published, Global EV Outlook 2022 report, electric vehicle (EV) sales had doubled from the previous year in 2021, reaching a new high of 6.6 million. Additionally, the sales of electric car vehicles worldwide in 2021 have reached 6600000 units from 2980000 units. Therefore, The increase in demand for electric vehicles is driving the growth of the electronic vehicle (EV) sensors market.
The two new sensors will significantly emphasize battery characteristics or battery safety. Furthermore, in June 2022, Microchip Technology Inc, a US-based semiconductor manufacturer, introduced The LX34070 IC, a new inductive position sensor for the electric vehicle motor control industry. The sensor has differential outputs, quick sample rates, and other features that enable it to comply with ISO 26262 at Automotive Safety Integrity Level-C (ASIL-C) level.
Reasons to Purchase
7. Electric Vehicle (EV) Sensor Market Regional And Country Analysis
For more information about this report visit https://www.researchandmarkets.com/r/hi9fri
Research and Markets
SOURCE Research and Markets
MSP Expo #TECHSUPERSHOW Expo Hall Open
Increase Profitability and Retention by Understanding Telecom Taxes and Fees