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Electric Vehicle (EV) Sensor Market Size
- Report ID: GMI5323
- Published Date: Aug 2022
- Report Format: PDF
Electric Vehicle Sensor Market Size
Electric Vehicle Sensor Market size surpassed USD 8 billion in 2021 and is anticipated to register over 5% CAGR from 2022 to 2030. The industry growth is driven by growing concerns associated with the environment.
Growing environmental awareness to propel product demand
There is a significant rise in the adoption of electric vehicles on account of rising awareness about the environment. According to the International Energy Agency (IEA), the sales of electric cars doubled in 2021 to a record 6.6 million, with 2 million electric cars sold across the world in the first quarter of 2022. Electric vehicles have many benefits over conventional vehicles such as eco-friendliness, low maintenance, and usage of renewable resources coupled with advanced electronic and automated systems, thereby boosting the EV sensor market demand.
| Report Attribute | Details |
|---|---|
| Base Year: | 2021 |
| Electric Vehicle Sensor Market Size in 2021: | 8 billion (USD) |
| Forecast Period: | 2022 to 2030 |
| Forecast Period 2022 to 2030 CAGR: | 5% |
| 2030 Value Projection: | 15 billion (USD) |
| Historical Data for: | 2018 to 2021 |
| No. of Pages: | 320 |
| Tables, Charts & Figures: | 464 |
| Segments covered: | Product, Vehicle Type, Application |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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Frequently Asked Questions (FAQ) :
Electric Vehicle Sensor Market Scope
