Skip navigation
Reports & Analysis Custom Research Research Subscriptions
Sign In / Create Account Cart
Sign In / Create Account Cart
  • Reports & Analysis
  • Custom Research
  • Research Subscriptions

Resources

  • Press Releases
  • Blog
  • Resources & Downloads
  • Impact Tracker

The Freedonia Group

  • Contact
  • About
  • Our Staff
  • Help Center
  • Career Opportunities
Back to Press Releases

Demand for Global HEV Sensors to grow 27% Annually Through 2026

by Corinne Gangloff

March 7, 2023

Cleveland OH, March 7, 2023 – According to a new study by The Freedonia Group, Global HEV Sensors, global demand for HEV sensors is forecast to rise 27% per year to $9.0 billion in 2026, fueled by strong growth in HEV manufacturing as these vehicles achieve increased market penetration worldwide:

• Safety and security systems represent the largest outlet for sales and are expected to grow at an above average rate through 2026. Although safety and security sensors encompass many mature products such as airbag deployment sensors and antilock brake wheel speed sensors, government regulations are increasingly supporting the use of advanced active safety systems.

• Entertainment and communications systems are also expected to see rapid growth, as integration with smartphones will continue to be an increasingly ubiquitous feature.

• Engine and drivetrain sensor sales will be supported by the increasing prevalence of EVs, which will require higher levels of temperature and current sensor support.

• Emissions control sensors are expected to underperform going forward, as these products are not used in EVs and production growth for hybrid vehicles is projected to be less rapid.
• Demand for sensors in other systems, including comfort and convenience systems, is more dependent on consumer preferences and the desire of HEV manufacturers to differentiate their products from those of the competition.

About The Freedonia Group
The Freedonia Group, a division of MarketResearch.com, is a premier international business research company, providing clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. The Freedonia Group’s brands also include Packaged Facts, a trusted provider of consumer market research on food & beverage, pet products and services, demographics, and financial services, and Simba Information, the leading authority for market intelligence and forecasts on the education and professional publishing industries. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
 

Have unique research needs?

Freedonia Custom Research listens intently to your needs and objectives. Then we work diligently to define and deliver a service to meet them.
Learn About Our Custom Research Services

Subscribe to Our Blog

Stay up to date with the latest information about new market research and news in areas relevant to your business from our analysts and team members.

Freedonia Group Blog Subscription

Provide the following details to subscribe.

  • Contact
  • About
  • Help Center
  • Career Opportunities
  • Press
  • User Agreement
  • Privacy Policy
  • Site Map
Facebook Linkedin Twitter

Additional Resources

  • Market Size Resources
  • Lawn Mowers Research
  • Global Lubricants Research
  • Global Paint & Coatings Research
  • Global Industrial Valves Research
  • Global Agricultural Equipment Research
  • Indoor Air Quality Equipment Research
  • Global Adhesives & Sealants Research
  • Hardscaping Products Research
  • Residential Landscaping Research
  • Food Packaging Research
  • Global Carpets & Rugs Research
  • Global Residential HVAC Research
Copyright © 2023 MarketResearch.com, Inc. All rights reserved.