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 2034, registering a CAGR of 12.86% during the forecast period 2026–2034. Market momentum is closely tied to accelerating electric vehicle adoption worldwide, alongside rising system complexity in battery management, motor control, and high-voltage charging architectures.
Current sensors are essential building blocks in EV electrical systems, enabling accurate measurement of current flow across battery packs, inverters, onboard chargers, and auxiliary subsystems. These sensors support performance optimization, thermal control, and functional safety. Core technologies include Hall-effect sensors, shunt-based sensors, and tunneling magnetoresistance (TMR) sensors, each offering different tradeoffs in isolation, accuracy, response time, and cost.
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