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.

Comparative View of Adjacent Markets

Aside from the electric vehicle sensor market, analysis has been done on two other related markets. The markets by name are the electric garbage van market and the electric two wheeler MRO market.

Awareness of the importance of proper garbage collection, among both individuals and authorities, is seeing local bodies turn to resources like electric garbage vans. The drive for garbage collection to be sustainable is also positively influencing the market.

The still-developing nature of electric two wheelers is necessitating the use of electric two wheeler MRO services more often. Popping up of numerous independent contractors providing MRO services for EV two wheelers is also leading to market growth.

Electric Vehicle Sensor Market:

Attributes Electric Vehicle Sensor Market
Value-based CAGR (2024 to 2034) 16.5%
Projected Market Value (2034) US$ 49,392.50 million
Market Trends
  • Rise in adoption of electrical vehicles with ADAS and AD systems
  • Drive for automation among EV drivers
Restraint High cost of EVs with sensors
Growth Factors
  • Concern over safety of cars leading to greater adoption of EV sensors
  • EV sensors’ ability to monitor power supply admired

Electric Garbage Van Market:

Attributes Electric Garbage Van Market
Value-based CAGR (2024 to 2034) 13.5%
Market Trend Sustainability in waste management desired
Restraint Lack of infrastructure for charging of electric garbage vans
Growth Factor Rising urbanization leading to more waste generation

Electric Two Wheeler MRO Market:

Attributes Electric Two Wheeler MRO Market
Value-based CAGR (2024 to 2034) 4.3%
Market Trend Market expanding with more independent contractors joining fray
Restraint Doubts about credibility of MRO service operators
Growth Factors Electric two wheelers becoming commonplace for short-distance mobility
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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%

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.

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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.

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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