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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
The main drivers fuelling market demand is the growing use of sensors in autonomous vehicles. The need for electric vehicle sensors has surged as a result of the widespread adoption of ADAS and AD systems.
Electric vehicles encounter temperature and load variations. The battery packs of the car also supply power to a number of elements that are functioning in today's EVs.
Variables including temperature, current, and pressure variations are monitored in conjunction with developments in electric car battery capacity and charging technology to make sure that any spike or fall outside of their typical operating range.
Pressure Systems International (P.S.I. ), the industry's top supplier of automatic tyre inflation systems for commercial truck trailers, has been acquired by Clarience Technologie, thereby expanding the company's technology portfolio to include tire-related technologies that are gaining popularity as commercial fleets switch to electric vehicles.
Tire rolling resistance is becoming a more critical factor in evaluating EV range as operators strive to increase range and reduce downtime.
P.S.I. is a pioneer in the field that boosts technological skills, which makes the business a good strategic match for Clarience Technologies. Operations of P.S.I. and Truck System Technologies®, both in San Antonio, Texas, are included in the deal.
The firm will function as a separate division of Clarience Technologies. P.S.I. has taken the lead in promoting the adoption of automatic trailer tyre inflation systems, having approximately 2 million of its systems installed on commercial trailers.
The business has expanded on this success by acquiring Truck System Technologies and entering the market for RV trailers (TST).
The only factory-installed, OEM-approved tyre pressure monitoring system for travel trailers is currently provided by TST and is offered by companies including Thor, Forest River, and Airstream, among others.
| S No | Overview of Development | Development Detailing | Region of Development | Possible Future Outcomes |
| 1 | Continental launches sensors for electric vehicle battery protection | It has introduced the Current Sensor Module (CSM) and Battery Impact Detection, two novel sensors for electric vehicles. | Global | This would enhance better Technological Controls |
| 2 | Cubic Sensor & Instrument Showcases EV Battery Thermal Runaway | Electric vehicle battery thermal runaway is early detected by gas sensor technology, according to Cubic Sensor & Instrument. | Global | This would enhance better Technological Controls |
| 3 | Superior Sensor Technology Announces New Pressure Sensor Offering | Two new pressure sensor families for the mid pressure range were added by Superior Sensor Technology to its ND Series. | Global | This would enhance better Technological Controls |
| 4 | Ride Vision launches AI-based collision-avoidance system for motorcycles | To power its solution, Ride Vision combines image-recognition and AI technology. | Global | This would enhance better Technological Controls |
Critical resource bottlenecks in the worldwide supply and logistics chains have affected many automotive sensor manufacturers' companies in a noticeable unfavorable way during the past year.
However, after the pandemic, as limitations loosened, the market was anticipated to pick up steam throughout the course of the prediction. To meet passenger car safety regulations, contemporary vehicle restraint systems include side airbag pressure sensors.
The air pressure sensor also increases engine efficiency in gasoline and diesel engines by efficiently managing spark advance.
Vitesco Technologies is a leading mobiliser of the equipment in the market. The latest integration has been the technology wherein the pressure in the battery container is directly measured.
It detects pressure increases brought on by battery cell venting and is made for systems that abide by the EV safety regulation, or EVS-GTR.
It has been incorporated with a suitable ASIL rating in accordance with ISO 26262, and its flexible housing, connector, and mounting design satisfies the strictest EMC requirements. It can withstand pressures of 10 kPa to 150 or 400 kPa (adjustable)
Amphenol Advanced Sensors is part of the component manufacture trending companies in the current industry. The thin-film protective coating is applied to a flat flexible circuit (FFC) that houses an NTC chip thermistor as part of the Thermometric Type FL Low Profile NTC Temperature Sensor.
This sensor is perfect for tight applications due to its thin profile (1.0 mm max thickness) and flexibility that conforms to contours. The Dual Solar Sensor measures the amount of light that enters a car's cabin using two photo diode cells.
Thermometrics Single Solar Sensors are installed close to the front window on a vehicle's IP panel and use the quantity of incoming sunlight to help adjust the temperature.
NorthAmerica
The North American market, particularly the USA, will be one of the prime markets for (Electric Vehicle Pressure Sensors Market ) due to the nature of industrial automation in the region, high consumer spending compared to other regions, and the growth of various industries, mainly AI, along with constant technological advancements. The GDP of the USA is one of the largest in the world, and it is home to various industries such as Pharmaceuticals, Aerospace, and Technology. The average consumer spending in the region was $72K in 2023, and this is set to increase over the forecast period. Industries are focused on industrial automation and increasing efficiency in the region. This will be facilitated by the growth in IoT and AI across the board. Due to tensions in geopolitics, much manufacturing is set to shift towards the USA and Mexico, away from China. This shift will include industries such as semiconductors and automotive.
Europe
The European market, particularly Western Europe, is another prime market for (Electric Vehicle Pressure Sensors Market) due to the strong economic conditions in the region, bolstered by robust systems that support sustained growth. This includes research and development of new technologies, constant innovation, and developments across various industries that promote regional growth. Investments are being made to develop and improve existing infrastructure, enabling various industries to thrive. In Western Europe, the margins for (Electric Vehicle Pressure Sensors Market) are higher than in other parts of the world due to regional supply and demand dynamics. Average consumer spending in the region was lower than in the USA in 2023, but it is expected to increase over the forecast period.
Eastern Europe is anticipated to experience a higher growth rate compared to Western Europe, as significant shifts in manufacturing and development are taking place in countries like Poland and Hungary. However, the Russia-Ukraine war is currently disrupting growth in this region, with the lack of an immediate resolution negatively impacting growth and creating instability in neighboring areas. Despite these challenges, technological hubs are emerging in Eastern Europe, driven by lower labor costs and a strong supply of technological capabilities compared to Western Europe.
There is a significant boom in manufacturing within Europe, especially in the semiconductor industry, which is expected to influence other industries. Major improvements in the development of sectors such as renewable energy, industrial automation, automotive manufacturing, battery manufacturing and recycling, and AI are poised to promote the growth of (Automotive Alloy Wheel Market) in the region.
Asia
Asia will continue to be the global manufacturing hub for (Electric Vehicle Pressure Sensors Market) over the forecast period with China dominating the manufacturing. However, there will be a shift in manufacturing towards other Asian countries such as India and Vietnam. The technological developments will come from China, Japan, South Korea, and India for the region. There is a trend to improve the efficiency as well as the quality of goods and services to keep up with the standards that are present internationally as well as win the fight in terms of pricing in this region. The demand in this region will also be driven by infrastructural developments that will take place over the forecast period to improve the output for various industries in different countries.
There will be higher growth in the Middle East as investments fall into place to improve their standing in various industries away from petroleum. Plans such as Saudi Arabia Vision 2030, Qatar Vision 2030, and Abu Dhabi 2030 will cause developments across multiple industries in the region. There is a focus on improving the manufacturing sector as well as the knowledge-based services to cater to the needs of the region and the rest of the world. Due to the shifting nature of fossil fuels, the region will be ready with multiple other revenue sources by the time comes, though fossil fuels are not going away any time soon.
Africa
Africa is expected to see the largest growth in (Electric Vehicle Pressure Sensors Market) over the forecast period, as the region prepares to advance across multiple fronts. This growth aligns with the surge of investments targeting key sectors such as agriculture, mining, financial services, manufacturing, logistics, automotive, and healthcare. These investments are poised to stimulate overall regional growth, creating ripple effects across other industries as consumer spending increases, access to products improves, and product offerings expand. This development is supported by both established companies and startups in the region, with assistance from various charitable organizations. Additionally, the presence of a young workforce will address various existing regional challenges. There has been an improvement in political stability, which has attracted and will continue to attract more foreign investments. Initiatives like the African Continental Free Trade Area (AfCFTA) are set to facilitate the easier movement of goods and services within the region, further enhancing the economic landscape.
RoW
Latin America and the Oceania region will showcase growth over the forecast period in (Electric Vehicle Pressure Sensors Market). In Latin America, the focus in the forecast period will be to improve their manufacturing capabilities which are supported by foreign investments in the region. This will be across industries mainly automotive and medical devices. There will also be an increase in mining activities over the forecast period in this region. The area is ripe for industrial automation to enable improvements in manufacturing across different industries and efficiency improvements. This will lead to growth of other industries in the region.
| Margin Comparison (Highest to lowest) | Region | Remarks |
| 1 | Europe | The supply chain demands and the purchasing power in the region enable suppliers to extradite a larger margin from this region than other regions. This is for both locally manufactured as well as imported goods and services in the region. |
| 2 | North America | Due to the high spending power in this region, the margins are higher compared to the rest of the world, but they are lower than Europe as there is higher competition in this region. All the suppliers of goods and services target USA as a main market thereby decreasing their margins compared to Europe |
| 3 | Asia | Lower purchasing power, coupled with higher accessibility of services in this regions doesnât enable suppliers to charge a high margin making it lower than Europe and North America. The quality of goods and services are also affected due to this aspect in the region |
| 4 | Africa and ROW | The margins are the lowest in this region, except for Australia and New Zealand as the countries in this region donât have much spending power and a large portion of the products and services from this area is exported to other parts of the world |
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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