Electric Vehicle Battery Current Sensor Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Oct 2021
  • Pages: 120
  • SKU: IRTNTR45910
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The electric vehicle battery current sensor market share is expected to increase by 174.08 thousand units from 2020 to 2025, and the market’s growth momentum will decelerate at a CAGR of 17.68%.

This electric vehicle battery current sensor market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by application (HEVs and full EVs) and geography (APAC, Europe, North America, South America, and MEA). The electric vehicle battery current sensor market report also offers information on several market vendors, including Allegro MicroSystems LLC, Asahi Kasei Corp., Continental AG, DENSO Corp., Honeywell International Inc., Infineon Technologies AG, LEM Holding SA, Robert Bosch GmbH, TDK Corp., and TE Connectivity Ltd. among others.

What will the Electric Vehicle Battery Current Sensor Market Size be in 2021?

Download the Free Report Sample to Unlock the Electric Vehicle Battery Current Sensor Market Size for 2021 and Other Important Statistics

 

Electric Vehicle Battery Current Sensor Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The improved cell performance in EV batteries is driving the electric vehicle battery current sensor market growth, although factors such as current sensor failure leading to failure of BMS may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the electric vehicle battery current sensor industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

This electric vehicle battery current sensor market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Who are the Major Electric Vehicle Battery Current Sensor Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Allegro MicroSystems LLC
  • Asahi Kasei Corp.
  • Continental AG
  • DENSO Corp.
  • Honeywell International Inc.
  • Infineon Technologies AG
  • LEM Holding SA
  • Robert Bosch GmbH
  • TDK Corp.
  • TE Connectivity Ltd.

 

This statistical study of the electric vehicle battery current sensor market encompasses successful business strategies deployed by the key vendors. The electric vehicle battery current sensor market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The electric vehicle battery current sensor market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Electric Vehicle Battery Current Sensor Market?

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53% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for electric vehicle battery current sensors in APAC. Market growth in this region will be faster than the growth of the market in the European and South American regions.

The focus on reducing fuel consumption and the increase in environmental concerns have resulted in the increased adoption of EVs. This will facilitate the electric vehicle battery current sensor market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

What are the Revenue-generating Application Segments in the Electric Vehicle Battery Current Sensor Market?

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The electric vehicle battery current sensor market share growth by the HEVs segment will be significant during the forecast period.

This report provides an accurate prediction of the contribution of all the segments to the growth of the electric vehicle battery current sensor market size and actionable market insights on post COVID-19 impact on each segment.

 

Electric Vehicle Battery Current Sensor Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Decelerate at a CAGR of 17.68%

Market growth 2021-2025

174.08 th units

Market structure

Fragmented

YoY growth (%)

20.97

Regional analysis

APAC, Europe, North America, South America, and MEA

Performing market contribution

APAC at 53%

Key consumer countries

China, US, Germany, Japan, and Switzerland

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Companies profiled

Allegro MicroSystems LLC, Asahi Kasei Corp., Continental AG, DENSO Corp., Honeywell International Inc., Infineon Technologies AG, LEM Holding SA, Robert Bosch GmbH, TDK Corp., and TE Connectivity Ltd.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Factors Covered in this Electric Vehicle Battery Current Sensor Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive electric vehicle battery current sensor market growth during the next five years
  • Precise estimation of the electric vehicle battery current sensor market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the electric vehicle battery current sensor industry across APAC, Europe, North America, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of electric vehicle battery current sensor market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • HEVs - Market size and forecast 2020-2025
    • Full EVs - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Allegro MicroSystems LLC
      • Asahi Kasei Corp.
      • Continental AG
      • DENSO Corp.
      • Honeywell International Inc.
      • Infineon Technologies AG
      • LEM Holding SA
      • Robert Bosch GmbH
      • TDK Corp.
      • TE Connectivity Ltd.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The electric vehicle battery current sensor market growth will increase by $261.11 million during 2019-2024.
      The electric vehicle battery current sensor market is expected to grow at a CAGR of 21.15% during 2019-2024.
      Technavio has segmented the electric vehicle battery current sensor market by application (HEVs and Full EVs) and geographic (APAC, North America, Europe, South America, and MEA).
      Allegro MicroSystems LLC, Asahi Kasei Corp., Continental AG, DENSO Corp., Honeywell International Inc., Infineon Technologies AG, LEM Holding SA, Robert Bosch GmbH, TDK Corp., TE Connectivity Ltd. are a few of the key vendors in the electric vehicle battery current sensor market.
      APAC will register the highest growth rate of 53.50% among the other regions. Therefore, the electric vehicle battery current sensor market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the electric vehicle battery current sensor market growth are:
      • Improved cell performance in EV batteries will improve the performance of EVs and reduce their price
      • Customer programmable monolithic sensor integrated circuit (IC) featuring Triaxis technology
      The electric vehicle battery current sensor market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
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