Current Sensors for Electric Vehicles Market Size, Growth, Trends, and Forecast 2025–2032
Current Sensors for Electric Vehicles Market Size, Growth, Trends, and Forecast 2025–2032 The global Current Sensors for Electric Vehicles Market was valued at USD 1.87 billion in 2024 and is projected to reach USD 4.92 billion by 2032, growing at a CAGR of 12.86% during the forecast period from 2025 to 2032. The market is witnessing robust growth fueled by the accelerating global shift towards electric mobility. With electric vehicle (EV) sales surging—battery electric and plug-in hybrid vehicle sales reached 10.5 million units in 2022, a 55% increase year-over-year—the demand for precise and reliable current sensors is expanding rapidly. Current sensors play a critical role in electric vehicles by enabling accurate measurement of current flow in battery management systems, motor drives, and charging units. Technologies such as Hall-effect sensors, shunt resistors, and Tunneling Magnetoresistance (TMR) sensors are essential for monitoring and controlling energy flow, enhancing...