Electric Vehicle Sensor Market Outlook for 2024 to 2034

After a detailed analysis on the EV charging cable market, FMI recently published a new report on the electric vehicle sensor market. As per the analysis, sale of electric vehicle sensor holds a current valuation of US$ 10,725.11 million in 2024. Going by this pattern, demand could rise and equate to a market valuation of US$ 49,392.50 million, with a CAGR of 16.5% by 2034.

Electrical Vehicle Sensor Global Market Report Analysis

  • Demand for electric vehicle sensor is tied up with the capitulation of electric vehicle sale, allowing the market to flourish.
  • Consumer concern over thermal runaway i.e. an incidence of battery overheating, resulting in potential fire, is seeing the profile of battery EV sensors rise.
  • Electric vehicle drivers pay significant attention to power supply, and thus EV sensors’ power supply monitoring abilities are cherished by consumers.
  • Introduction of varied products like aerosol sensors and pressure sensors ensures the market does not remain stagnant and the demand keeps flowing.
  • Position sensors are emerging as a popular form of sensors, especially in luxury electric cars, and are contributing to the acceleration of the EV sensor market.
Attributes Details
Electric Vehicle Sensor Market Value for 2024 US$ 10,725.11 million
Market Value for 2034 US$ 49,392.50 million
Value-based CAGR of Market for 2024 to 2034 16.5%

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Trends in Global Electric Vehicle Sensor Market

  • Gradual adoption of Advanced Driver Assistance Systems (ADAS) and Autonomous Driving Systems (AD) are putting greater focus on sensors, establishing a promising avenue for growth.
  • As electric vehicles are still new to a notable number of drivers, consumers’ reliance on sensors is increasing and thus there is more demand for EVs to be outfitted with them.
  • Consumer desire for EVs is matched by automation needs, and sensors play a prominent role in the increase of automation in EVs.
  • Use of sensors is expanding, with new technology allowing consumers assistance with lane-switching and collision avoidance. Thus, the increase in convenience afforded by sensors is endearing the product to consumers.
  • Use of technology like AI and IoT in sensors is increasing their effectiveness and improving the product’s image in the minds of consumers.
  • Governments making the production of electrical vehicle accessories and parts easier, with the cutting of import duties and taxes, is informing the growth of the market.
  • Electric vehicles with sensors are considered a luxury item, limiting the scope of the market.

Category-wise Outlook

Position sensors assume the top position in the product type segment. OEM is the preferred sales channel for electrical vehicle sensors.

Developing Need for Automation in Electric Vehicles Seeing Position Sensors Stay Atop the Pile

In 2024, position sensors are expected to account for 42.9% of the market share by product type. Some of the key drivers for the developing demand for position sensors are:

  • Electrical vehicles with automation are riding the wave of automation in vehicles and position sensors are thus thriving.
  • Position sensors are easing the process of switching to electrical vehicles from traditional vehicles and thus are seeing greater adoption in EVs.
Attributes Details
Top Product Type Position Sensor
Market Share (2024) 42.9%

Electrical Vehicle Manufacturers Incorporating Sensors into EVs Easing Process for Consumers

OEM sales are anticipated to account for 93.0% of the market share in 2024. Some of the key drivers for the progress of OEM sales of EV sensors include:

  • Consumers prefer the convenience of obtaining EV sensors from OEMs themselves instead of seeking them out aftermarket and thus the former dominates the sales channel segment.
  • With ADAS and AD systems becoming more popular, EV sensors are increasingly coming as part of the package with electrical vehicles.
Attributes Details
Top Sales Channel OEM
Market Share (2024) 93.0%
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Nikhil Kaitwade

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Country-wise Analysis

Rising disposable income in Europe is seeing greater adoption of electrical vehicles, which is conducive to the growth of the market. Concerns over sustainability are also informing market growth in Europe.

The automobile industry racing ahead at full throttle is seeing the market press ahead in the Asia Pacific. Government schemes related to electric vehicle manufacturing are also seeing the market gain speed in the region.

Countries CAGR from 2024 to 2034
Spain 17.1%
France 16.9%
South Korea 17.9%
Australia 18.2%
India 18.8%

Rising Affluence of the Spanish Working Population Giving Rise to Greater Demand for EV Sensors

The market is set to register a CAGR of 17.1% in Spain for the forecast period. The key drivers for growth are:

  • As the income of the Spanish working population rises, electric vehicle adoption is also catapulting. Electrical vehicles with ADAS and AD systems are also becoming popular, thus seeing EV sensors enjoy growing demand.
  • Sustainability concerns are at the front of the mind among Spanish consumers and thus electrical vehicles, and their sensors, are being adopted more widely.

Presence of Innovative Local Players Boosting the Market in France

The CAGR for the electric vehicle sensor market in France is tipped to be 16.9% over the forecast period. Some of the key factors driving the growth are:

  • Lively presence of local players is aiding the market’s growth in France. For example, Valeo is betting big on ADAS systems and focused on creating technology with real-time visuals for autonomous vehicle systems.
  • Tendency of affluent French consumers to buy luxury electric vehicles is marking positivity for the market in France.

EV Cars Rising in Popularity is Ensuring Market Growth in Australia

The CAGR for the electric vehicle sensor market in Australia is tipped to be 18.2% over the forecast period. Some of the key factors driving the growth are:

  • Electric cars are becoming more commonplace in Australia. For example, the Tesla Model Y was claimed to be the sixth-most popular car in the country for 2023. Thus, the conditions are right in the country for the growth of the EV sensor market.
  • More foreign players coming to Australia on the back of the success of established brands like Tesla and Kia is seeing the market’s status rise in the country.

Developing Automotive Industry in South Korea Aids the Market

The market is expected to register a CAGR of 17.9% in South Korea for the forecast period. Some of the key trends include:

  • Acceleration of the South Korean automotive industry is paying dividends for the electrical vehicle sector too, including electrical vehicle sensors.
  • South Korean electrical vehicle manufacturers collaborating with Western EV sector players is helping the growth of the market in the country.

Tax Breaks for Electrical Vehicle and EV Component Manufacturers Leading to the Market Thriving in India

The market is expected to register a CAGR of 18.8% in India over the forecast period. Some of the key trends include:

  • Foreign companies are seeing the lucrative market prospects in India and investing more in the country. For example, Honeywell’s lithium-ion (li-ion) battery safety sensors are gaining popularity in India.
  • Initiatives by the Indian government to cut import duties for electric vehicle manufacture are boding well for the electrical vehicle sensor industry.

Competitive Landscape in the Electric Vehicle Sensor Market

The electrical vehicle sensor market is dominated by a few leading players, although there is room to grow for smaller players and startups. Analog Devices Inc. is using its superior software and data handling capabilities to bring innovations to sensors that go beyond just normal automotive improvements.

Denso Corporation is thriving on the back of its established relationships with reputed car makers like Toyota and Subaru. Startups in the market are relying on product differentiation to carve out a piece of the pie for themselves.

Recent Developments in the Electric Vehicle Sensor Market

  • In January 2024, Infineon launched the Xensiv TLI5590-A6W magnetic position sensor. The sensor boasts of being compact in size as compared to traditional position sensors.
  • In February 2023, Continental launched the eRPS sensor. The sensor boasts of providing high accuracy to operations.
  • In April 2022, Denso Corporation announced that it had supplied components, including sensors, to two vehicles, the bZ4X and Solterra from Toyota and Subaru respectively.

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Key Companies in the Electric Vehicle Sensor Market

  • Analog Devices Inc.
  • Denso Corporation
  • Amphenol Advanced Sensors
  • Infineon Technologies AG
  • Allegro MicroSystems, LLC
  • AMS Osram AG
  • Kohshin Electric Corporation
  • LEM
  • Renesas Electronics Corporation
  • Sensata Technologies
  • STMicroelectronics
  • Melexis
  • Texas Instruments Incorporated
  • Vishay Intertechnology, Inc
  • NXP Semiconductors NV

Key Coverage in the Electric Vehicle Sensor Industry Report

  • Electric vehicle sensor market size and share analysis
  • sales of electrical vehicle sensors worldwide assessment
  • coverage of growth opportunities for electric vehicle sensor manufacturers
  • Electric vehicle position sensor industry report
  • Electrical vehicle battery sensor market report
  • Analysis of electric vehicle sensor industry

Key Segments

By Product Type:

  • Temperature Sensors
  • Current Sensors
  • Position Sensors
  • Pressure Sensors
  • Speed Sensors

By Sales Channel:

  • OEM
  • Aftermarket

By Propulsion:

  • Battery Electric Vehicles (BEVs)
  • Hybrid Electric Vehicles (HEVs)
  • Plug-In Hybrid Electric Vehicles (PHEVs)

By Region:

  • North America
  • Latin America
  • Europe
  • South Asia
  • East Asia
  • Oceania
  • Middle East and Africa (MEA)

Frequently Asked Questions

How Big is the Electric Vehicle Sensor Market?

The electric vehicle sensor market size is expected to be worth US$ 10,725.11 million in 2024.

How Big Will the Electric Vehicle Sensor Market Be in 2034?

The electric vehicle sensor market is estimated to get as big as US$ 49,392.50 million in 2034.

How will the Electric Vehicle Sensor Market Progress in India?

The CAGR of the electric vehicle sensor market during the 2024 to 2034 period in India is estimated to be 18.8%.

What are the Segments of the Electric Vehicle Sensor Market?

The electric vehicle sensor market can be divided into the following segments: product type, sales channel, and propulsion.

What is the Scope of the Electric Vehicle Sensor Market?

The electric vehicle sensor market is expected to grow at a CAGR of 16.5% over the period from 2024 to 2034.

Who are the Top Electric Vehicle Sensor Manufacturers?

Analog Devices Inc., Denso Corporation, Amphenol Advanced Sensors, and Infineon Technologies AG are some of the key manufacturers in the electric vehicle sensor industry.

How will the Electric Vehicle Sensor Market Progress in Australia?

The CAGR of the electric vehicle sensor market during the 2024 to 2034 period in Australia is estimated to be 18.2%.

Which is the Top Product Type in the Electric Vehicle Sensor Industry?

Position sensors are the top product type in the electric vehicle sensor industry, with a market share of 42.9% in 2024.

Table of Content
1. Executive Summary
    1.1. Global Market Outlook
    1.2. Demand-side Trends
    1.3. Supply-side Trends
    1.4. Technology Roadmap Analysis
    1.5. Analysis and Recommendations
2. Market Overview
    2.1. Market Coverage / Taxonomy
    2.2. Market Definition / Scope / Limitations
3. Market Background
    3.1. Market Dynamics
        3.1.1. Drivers
        3.1.2. Restraints
        3.1.3. Opportunity
        3.1.4. Trends
    3.2. Scenario Forecast
        3.2.1. Demand in Optimistic Scenario
        3.2.2. Demand in Likely Scenario
        3.2.3. Demand in Conservative Scenario
    3.3. Opportunity Map Analysis
    3.4. Product Life Cycle Analysis
    3.5. Supply Chain Analysis
        3.5.1. Supply Side Participants and their Roles
            3.5.1.1. Manufacturer
        3.5.2. Value Added and Value Created at Node in the Supply Chain
        3.5.3. List of Raw Material Suppliers
        3.5.4. List of Existing and Potential Buyer’s
    3.6. Investment Feasibility Matrix
    3.7. Value Chain Analysis
        3.7.1. Profit Margin Analysis
    3.8. PESTLE and Porter’s Analysis
    3.9. Regulatory Landscape
        3.9.1. By Key Regions
        3.9.2. By Key Countries
    3.10. Regional Parent Market Outlook
    3.11. Production and Consumption Statistics
    3.12. Import and Export Statistics
4. Global Market Analysis 2019 to 2023 and Forecast, 2024 to 2034
    4.1. Historical Market Size Value (US$ Million) & Volume (Units) Analysis, 2019 to 2023
    4.2. Current and Future Market Size Value (US$ Million) & Volume (Units) Projections, 2024 to 2034
        4.2.1. Y-o-Y Growth Trend Analysis
        4.2.2. Absolute $ Opportunity Analysis
5. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type
    5.1. Introduction / Key Findings
    5.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Product Type, 2019 to 2023
    5.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Product Type, 2024 to 2034
        5.3.1. Temperature Sensors
        5.3.2. Current Sensors
        5.3.3. Position Sensors
        5.3.4. Pressure Sensors
        5.3.5. Speed Sensors
    5.4. Y-o-Y Growth Trend Analysis By Product Type, 2019 to 2023
    5.5. Absolute $ Opportunity Analysis By Product Type, 2024 to 2034
6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Sales Channel
    6.1. Introduction / Key Findings
    6.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Sales Channel, 2019 to 2023
    6.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Sales Channel, 2024 to 2034
        6.3.1. OEM
        6.3.2. Aftermarket
    6.4. Y-o-Y Growth Trend Analysis By Sales Channel, 2019 to 2023
    6.5. Absolute $ Opportunity Analysis By Sales Channel, 2024 to 2034
7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Propulsion
    7.1. Introduction / Key Findings
    7.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Propulsion, 2019 to 2023
    7.3. Current and Future Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Propulsion, 2024 to 2034
        7.3.1. Battery Electric Vehicles (BEVs)
        7.3.2. Hybrid Electric Vehicles (HEVs)
        7.3.3. Plug-In Hybrid Electric Vehicles (PHEVs)
    7.4. Y-o-Y Growth Trend Analysis By Propulsion, 2019 to 2023
    7.5. Absolute $ Opportunity Analysis By Propulsion, 2024 to 2034
8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region
    8.1. Introduction
    8.2. Historical Market Size Value (US$ Million) & Volume (Units) Analysis By Region, 2019 to 2023
    8.3. Current Market Size Value (US$ Million) & Volume (Units) Analysis and Forecast By Region, 2024 to 2034
        8.3.1. North America
        8.3.2. Latin America
        8.3.3. Western Europe
        8.3.4. Eastern Europe
        8.3.5. South Asia and Pacific
        8.3.6. East Asia
        8.3.7. Middle East and Africa
    8.4. Market Attractiveness Analysis By Region
9. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    9.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    9.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        9.2.1. By Country
            9.2.1.1. USA
            9.2.1.2. Canada
        9.2.2. By Product Type
        9.2.3. By Sales Channel
        9.2.4. By Propulsion
    9.3. Market Attractiveness Analysis
        9.3.1. By Country
        9.3.2. By Product Type
        9.3.3. By Sales Channel
        9.3.4. By Propulsion
    9.4. Key Takeaways
10. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    10.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    10.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        10.2.1. By Country
            10.2.1.1. Brazil
            10.2.1.2. Mexico
            10.2.1.3. Rest of Latin America
        10.2.2. By Product Type
        10.2.3. By Sales Channel
        10.2.4. By Propulsion
    10.3. Market Attractiveness Analysis
        10.3.1. By Country
        10.3.2. By Product Type
        10.3.3. By Sales Channel
        10.3.4. By Propulsion
    10.4. Key Takeaways
11. Western Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    11.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    11.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        11.2.1. By Country
            11.2.1.1. Germany
            11.2.1.2. UK
            11.2.1.3. France
            11.2.1.4. Spain
            11.2.1.5. Italy
            11.2.1.6. Rest of Western Europe
        11.2.2. By Product Type
        11.2.3. By Sales Channel
        11.2.4. By Propulsion
    11.3. Market Attractiveness Analysis
        11.3.1. By Country
        11.3.2. By Product Type
        11.3.3. By Sales Channel
        11.3.4. By Propulsion
    11.4. Key Takeaways
12. Eastern Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    12.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    12.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        12.2.1. By Country
            12.2.1.1. Poland
            12.2.1.2. Russia
            12.2.1.3. Czech Republic
            12.2.1.4. Romania
            12.2.1.5. Rest of Eastern Europe
        12.2.2. By Product Type
        12.2.3. By Sales Channel
        12.2.4. By Propulsion
    12.3. Market Attractiveness Analysis
        12.3.1. By Country
        12.3.2. By Product Type
        12.3.3. By Sales Channel
        12.3.4. By Propulsion
    12.4. Key Takeaways
13. South Asia and Pacific Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    13.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    13.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        13.2.1. By Country
            13.2.1.1. India
            13.2.1.2. Bangladesh
            13.2.1.3. Australia
            13.2.1.4. New Zealand
            13.2.1.5. Rest of South Asia and Pacific
        13.2.2. By Product Type
        13.2.3. By Sales Channel
        13.2.4. By Propulsion
    13.3. Market Attractiveness Analysis
        13.3.1. By Country
        13.3.2. By Product Type
        13.3.3. By Sales Channel
        13.3.4. By Propulsion
    13.4. Key Takeaways
14. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    14.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    14.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        14.2.1. By Country
            14.2.1.1. China
            14.2.1.2. Japan
            14.2.1.3. South Korea
        14.2.2. By Product Type
        14.2.3. By Sales Channel
        14.2.4. By Propulsion
    14.3. Market Attractiveness Analysis
        14.3.1. By Country
        14.3.2. By Product Type
        14.3.3. By Sales Channel
        14.3.4. By Propulsion
    14.4. Key Takeaways
15. Middle East and Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Country
    15.1. Historical Market Size Value (US$ Million) & Volume (Units) Trend Analysis By Market Taxonomy, 2019 to 2023
    15.2. Market Size Value (US$ Million) & Volume (Units) Forecast By Market Taxonomy, 2024 to 2034
        15.2.1. By Country
            15.2.1.1. GCC Countries
            15.2.1.2. South Africa
            15.2.1.3. Israel
            15.2.1.4. Rest of MEA
        15.2.2. By Product Type
        15.2.3. By Sales Channel
        15.2.4. By Propulsion
    15.3. Market Attractiveness Analysis
        15.3.1. By Country
        15.3.2. By Product Type
        15.3.3. By Sales Channel
        15.3.4. By Propulsion
    15.4. Key Takeaways
16. Key Countries Market Analysis
    16.1. USA
        16.1.1. Pricing Analysis
        16.1.2. Market Share Analysis, 2023
            16.1.2.1. By Product Type
            16.1.2.2. By Sales Channel
            16.1.2.3. By Propulsion
    16.2. Canada
        16.2.1. Pricing Analysis
        16.2.2. Market Share Analysis, 2023
            16.2.2.1. By Product Type
            16.2.2.2. By Sales Channel
            16.2.2.3. By Propulsion
    16.3. Brazil
        16.3.1. Pricing Analysis
        16.3.2. Market Share Analysis, 2023
            16.3.2.1. By Product Type
            16.3.2.2. By Sales Channel
            16.3.2.3. By Propulsion
    16.4. Mexico
        16.4.1. Pricing Analysis
        16.4.2. Market Share Analysis, 2023
            16.4.2.1. By Product Type
            16.4.2.2. By Sales Channel
            16.4.2.3. By Propulsion
    16.5. Germany
        16.5.1. Pricing Analysis
        16.5.2. Market Share Analysis, 2023
            16.5.2.1. By Product Type
            16.5.2.2. By Sales Channel
            16.5.2.3. By Propulsion
    16.6. UK
        16.6.1. Pricing Analysis
        16.6.2. Market Share Analysis, 2023
            16.6.2.1. By Product Type
            16.6.2.2. By Sales Channel
            16.6.2.3. By Propulsion
    16.7. France
        16.7.1. Pricing Analysis
        16.7.2. Market Share Analysis, 2023
            16.7.2.1. By Product Type
            16.7.2.2. By Sales Channel
            16.7.2.3. By Propulsion
    16.8. Spain
        16.8.1. Pricing Analysis
        16.8.2. Market Share Analysis, 2023
            16.8.2.1. By Product Type
            16.8.2.2. By Sales Channel
            16.8.2.3. By Propulsion
    16.9. Italy
        16.9.1. Pricing Analysis
        16.9.2. Market Share Analysis, 2023
            16.9.2.1. By Product Type
            16.9.2.2. By Sales Channel
            16.9.2.3. By Propulsion
    16.10. Poland
        16.10.1. Pricing Analysis
        16.10.2. Market Share Analysis, 2023
            16.10.2.1. By Product Type
            16.10.2.2. By Sales Channel
            16.10.2.3. By Propulsion
    16.11. Russia
        16.11.1. Pricing Analysis
        16.11.2. Market Share Analysis, 2023
            16.11.2.1. By Product Type
            16.11.2.2. By Sales Channel
            16.11.2.3. By Propulsion
    16.12. Czech Republic
        16.12.1. Pricing Analysis
        16.12.2. Market Share Analysis, 2023
            16.12.2.1. By Product Type
            16.12.2.2. By Sales Channel
            16.12.2.3. By Propulsion
    16.13. Romania
        16.13.1. Pricing Analysis
        16.13.2. Market Share Analysis, 2023
            16.13.2.1. By Product Type
            16.13.2.2. By Sales Channel
            16.13.2.3. By Propulsion
    16.14. India
        16.14.1. Pricing Analysis
        16.14.2. Market Share Analysis, 2023
            16.14.2.1. By Product Type
            16.14.2.2. By Sales Channel
            16.14.2.3. By Propulsion
    16.15. Bangladesh
        16.15.1. Pricing Analysis
        16.15.2. Market Share Analysis, 2023
            16.15.2.1. By Product Type
            16.15.2.2. By Sales Channel
            16.15.2.3. By Propulsion
    16.16. Australia
        16.16.1. Pricing Analysis
        16.16.2. Market Share Analysis, 2023
            16.16.2.1. By Product Type
            16.16.2.2. By Sales Channel
            16.16.2.3. By Propulsion
    16.17. New Zealand
        16.17.1. Pricing Analysis
        16.17.2. Market Share Analysis, 2023
            16.17.2.1. By Product Type
            16.17.2.2. By Sales Channel
            16.17.2.3. By Propulsion
    16.18. China
        16.18.1. Pricing Analysis
        16.18.2. Market Share Analysis, 2023
            16.18.2.1. By Product Type
            16.18.2.2. By Sales Channel
            16.18.2.3. By Propulsion
    16.19. Japan
        16.19.1. Pricing Analysis
        16.19.2. Market Share Analysis, 2023
            16.19.2.1. By Product Type
            16.19.2.2. By Sales Channel
            16.19.2.3. By Propulsion
    16.20. South Korea
        16.20.1. Pricing Analysis
        16.20.2. Market Share Analysis, 2023
            16.20.2.1. By Product Type
            16.20.2.2. By Sales Channel
            16.20.2.3. By Propulsion
    16.21. GCC Countries
        16.21.1. Pricing Analysis
        16.21.2. Market Share Analysis, 2023
            16.21.2.1. By Product Type
            16.21.2.2. By Sales Channel
            16.21.2.3. By Propulsion
    16.22. South Africa
        16.22.1. Pricing Analysis
        16.22.2. Market Share Analysis, 2023
            16.22.2.1. By Product Type
            16.22.2.2. By Sales Channel
            16.22.2.3. By Propulsion
    16.23. Israel
        16.23.1. Pricing Analysis
        16.23.2. Market Share Analysis, 2023
            16.23.2.1. By Product Type
            16.23.2.2. By Sales Channel
            16.23.2.3. By Propulsion
17. Market Structure Analysis
    17.1. Competition Dashboard
    17.2. Competition Benchmarking
    17.3. Market Share Analysis of Top Players
        17.3.1. By Regional
        17.3.2. By Product Type
        17.3.3. By Sales Channel
        17.3.4. By Propulsion
18. Competition Analysis
    18.1. Competition Deep Dive
        18.1.1. Analog Devices Inc.
            18.1.1.1. Overview
            18.1.1.2. Product Portfolio
            18.1.1.3. Profitability by Market Segments
            18.1.1.4. Sales Footprint
            18.1.1.5. Strategy Overview
                18.1.1.5.1. Marketing Strategy
                18.1.1.5.2. Product Strategy
                18.1.1.5.3. Channel Strategy
        18.1.2. Denso Corporation
            18.1.2.1. Overview
            18.1.2.2. Product Portfolio
            18.1.2.3. Profitability by Market Segments
            18.1.2.4. Sales Footprint
            18.1.2.5. Strategy Overview
                18.1.2.5.1. Marketing Strategy
                18.1.2.5.2. Product Strategy
                18.1.2.5.3. Channel Strategy
        18.1.3. Amphenol Advanced Sensors
            18.1.3.1. Overview
            18.1.3.2. Product Portfolio
            18.1.3.3. Profitability by Market Segments
            18.1.3.4. Sales Footprint
            18.1.3.5. Strategy Overview
                18.1.3.5.1. Marketing Strategy
                18.1.3.5.2. Product Strategy
                18.1.3.5.3. Channel Strategy
        18.1.4. Infineon Technologies AG
            18.1.4.1. Overview
            18.1.4.2. Product Portfolio
            18.1.4.3. Profitability by Market Segments
            18.1.4.4. Sales Footprint
            18.1.4.5. Strategy Overview
                18.1.4.5.1. Marketing Strategy
                18.1.4.5.2. Product Strategy
                18.1.4.5.3. Channel Strategy
        18.1.5. Allegro MicroSystems, LLC
            18.1.5.1. Overview
            18.1.5.2. Product Portfolio
            18.1.5.3. Profitability by Market Segments
            18.1.5.4. Sales Footprint
            18.1.5.5. Strategy Overview
                18.1.5.5.1. Marketing Strategy
                18.1.5.5.2. Product Strategy
                18.1.5.5.3. Channel Strategy
        18.1.6. Texas Instruments Incorporated
            18.1.6.1. Overview
            18.1.6.2. Product Portfolio
            18.1.6.3. Profitability by Market Segments
            18.1.6.4. Sales Footprint
            18.1.6.5. Strategy Overview
                18.1.6.5.1. Marketing Strategy
                18.1.6.5.2. Product Strategy
                18.1.6.5.3. Channel Strategy
        18.1.7. Kohshin Electric Corporation
            18.1.7.1. Overview
            18.1.7.2. Product Portfolio
            18.1.7.3. Profitability by Market Segments
            18.1.7.4. Sales Footprint
            18.1.7.5. Strategy Overview
                18.1.7.5.1. Marketing Strategy
                18.1.7.5.2. Product Strategy
                18.1.7.5.3. Channel Strategy
        18.1.8. Vishay Intertechnology, Inc
            18.1.8.1. Overview
            18.1.8.2. Product Portfolio
            18.1.8.3. Profitability by Market Segments
            18.1.8.4. Sales Footprint
            18.1.8.5. Strategy Overview
                18.1.8.5.1. Marketing Strategy
                18.1.8.5.2. Product Strategy
                18.1.8.5.3. Channel Strategy
        18.1.9. Renesas Electronics Corporation
            18.1.9.1. Overview
            18.1.9.2. Product Portfolio
            18.1.9.3. Profitability by Market Segments
            18.1.9.4. Sales Footprint
            18.1.9.5. Strategy Overview
                18.1.9.5.1. Marketing Strategy
                18.1.9.5.2. Product Strategy
                18.1.9.5.3. Channel Strategy
        18.1.10. Sensata Technologies
            18.1.10.1. Overview
            18.1.10.2. Product Portfolio
            18.1.10.3. Profitability by Market Segments
            18.1.10.4. Sales Footprint
            18.1.10.5. Strategy Overview
                18.1.10.5.1. Marketing Strategy
                18.1.10.5.2. Product Strategy
                18.1.10.5.3. Channel Strategy
        18.1.11. STMicroelectronics
            18.1.11.1. Overview
            18.1.11.2. Product Portfolio
            18.1.11.3. Profitability by Market Segments
            18.1.11.4. Sales Footprint
            18.1.11.5. Strategy Overview
                18.1.11.5.1. Marketing Strategy
                18.1.11.5.2. Product Strategy
                18.1.11.5.3. Channel Strategy
19. Assumptions & Acronyms Used
20. Research Methodology
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