Driving factors of the automotive sensor market

With the increasing global environmental awareness and technological progress, the popularization of electric vehicles (EVs) has become an irreversible trend. This transformation not only reshapes the face of the automotive industry, but also has a profound driving impact on the automotive sensor market. According to market research firm Yole D é evelopment, with the popularity of electric vehicles, the market size of automotive sensors will continue to expand. It is expected that by 2025, the global automotive sensor market will reach billions of dollars, with the electric vehicle sensor market accounting for a significant share. Data shows that the global market size for electric vehicle sensors is expected to reach approximately 4.5 billion US dollars in 2022, and is projected to grow to 7.3 billion US dollars by 2026, with an average annual compound growth rate of 10.1%. Traditional automotive sensor manufacturers and emerging technology companies are increasing their investment in the field of electric vehicle sensors, leading to increasingly fierce market competition. At the same time, cross industry cooperation and mergers and acquisitions have become the norm, promoting industrial integration and technological innovation. The following is a specific analysis:

1）. The demand for improved safety performance: Electric vehicles have higher requirements for safety performance, especially in battery management, collision warning, and autonomous driving. According to market research firm MarketsandMarkets, the global sales of temperature sensors for electric vehicles reached $1.75 billion in 2022 and are expected to reach $3.52 billion by 2029, with a compound annual growth rate (CAGR) of 9.2%. This has led to a surge in demand for various sensors such as temperature sensors, pressure sensors, LiDAR, cameras, and millimeter wave radar.

2）. The demand for energy efficiency management: In order to improve the energy efficiency of electric vehicles, it is necessary to accurately monitor the battery status, motor efficiency, and energy recovery system. Correspondingly, sensors such as voltage sensors, current sensors, and temperature sensors in battery management systems (BMS) have been widely used. According to statistics, according to Allied Market Research, the global market size of current sensors for electric vehicles is estimated to be around 680 million US dollars in 2022, and is expected to grow to 1.89 billion US dollars by 2030.

As a globally leading semiconductor company, Infineon is actively expanding its presence in the automotive sensor market. Its products such as current sensors, voltage sensors, and temperature sensors are widely used in battery management systems for new energy vehicles. For example, Infineon's high-precision current sensor can monitor the charging and discharging current of the battery in real time, providing accurate battery status information to the battery management system for optimizing battery management and extending battery life. The use of these sensors has enabled Infineon to occupy an important position in the new energy vehicle sensor market.