Electric Vehicle (EV) Sensor Market size is poised to reach USD 41.14 Billion by 2032, growing at over 17.36% CAGR between 2023 and 2032, says a report by Fundamental Business Insights and Consulting.

The market growth is driven by the increasing adoption of electric vehicles due to their eco-friendly nature, stringent emission regulations, and advancements in automotive technologies. The integration of sensors in electric vehicles enhances performance, safety, and overall driving experience, leading to a growing demand for high-performance sensors. Governments across the world are also promoting the use of electric vehicles through subsidies and incentives, further fueling the market. Additionally, the growing focus on autonomous driving technologies and the need for improved vehicle connectivity is pushing the demand for innovative and advanced sensors.
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