Automotive Temperature Sensor Market Size, Industry Trends, Share, Analysis, Growth and Forecast 2022-2030
Market Highlights
The market of automotive temperature sensor is expected to grow at 6 % CAGR during the forecast period.
The automotive temperature sensor is used to detect the vehicle parameters under different operating conditions. The temperature sensor is mounted on engine, battery, exhaust pipe and air duct to measure temperature gradient. In the current technology-driven automotive industry, temperature sensors are manufactured with low-cost heat resistant materials to withstand high-temperature range. The robustness and accuracy of temperature sensors will adapt to measure all the parameters of engine, powertrain and battery management system. The factors that are responsible for the growth of automotive temperature sensor market during the forecast period are growing automotive industry with fuel efficient technologies, increase in demand for engine control management system and changing regulatory norms by the government. Manufacturers are developing new detecting technologies, which can uphold the new regulatory compliances on emission technology.
On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of automotive electronics in countries such as Japan and South Korea. As market growth is shifted to developing countries, cost-effective temperature sensors will drive the market. In the newer vehicles, the manufacturers tend to demand robust design, low-cost and high-temperature range sensors in the vehicle. This growing demand for the fuel-efficient technology in the newer vehicle will result in the growing demand for temperature sensor in the vehicles. Manufacturers are trying to focus on the passenger vehicle market to capture the major part of revenue. The growing demand for passenger vehicles with installed latest detecting technology, will result in the growth of temperature sensor in the vehicles.
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This will drive the market in Asia Pacific region. In the Americas, the stringent norms and regulatory compliance by U.S. Environment Agency will compel the manufacturers to produce reliable automotive sensor. This will raise the demand for small dimension, higher accuracy and durable sensors. The manufacturers are focusing on the new generation’s materials such as organic and biosensors to cater new requirements of powertrain and engine control management system. The manufacturers will play a significant role in attaining cost-effective technological solution for sensors. However, technology advancements in contactless sensors such as Infrared sensors, and the wireless sensor, will improve the overall dynamics of temperature monitoring system.
Key Players
The key players in the automotive temperature sensor market are Continental AG (Germany), Aptiv PLC (U.K.), Denso Corporation (Japan), Eaton Corporation PLC (US), Federal-Mogul Holdings Corp (U.S.), FTE Automotive GmBH (Germany), Hitachi Ltd (Germany), and Knorr-Bremse AG (Germany).
Industry News
The Automotive Temperature Sensor Market Trends have been affected due to the lockdown in several regions. This lockdown has hampered the global growth of its productivity and supply. Moreover, the global market has not found investors due to the increasing loss of the products. Along with that, the market has lost its supply chain, which is a pathetic situation for the global market. However, in the second half of the year 2020, the key market players have imposed various strategic goals and techniques to improve productivity and demand. Presently, the global market has recovered all its losses and is expected to register higher growth for the forecast period.
Segmental Overview
The Automotive Temperature Sensor Market has been segmented based on product type, applications, and vehicle types. The global market is segmented into various types such as IC sensor, MEMS, and Infrared temperature sensor based on the product types. Among all these product types, infrared temperature sensors are gaining more popularity and expected to generate more Automotive Temperature Sensor Market Share in the forecast period. The global market is classified into two types such as passenger vehicles and commercial vehicles based on vehicle types segment. As compared to commercial vehicles, the passenger vehicles application is higher and predicted to grow higher Automotive Temperature Sensor Market Size in the review period. The global market is classified into three applications such as exhaust, engine, and seats based on the application segment. Here, the engine control management is generating more Automotive Temperature Sensor Market Share for the global market.
Regional Overview
The regional classification of the Automotive Temperature Sensor Industry explains that the global market has covered the regions like North America, Europe, Asia-Pacific, South America, and the Rest of the World. As compared to all these regions, the Asia Pacific region is generating the higher Automotive Temperature Sensor Market Growth due to the increased demand for automotive electronics across the countries. Moreover, the U.S. Environment Agency has imposed rules and regulations on the manufacturers, which is driving the global market’s growth in the American regions.
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