Overview and Scope
The automotive temperature sensor is a device that measures and detects the heat produced and converts it into an electrical signal, which can be identified by measuring the device to ensure temperature control for the long and healthy life of the motor vehicle. The automotive temperature sensor is used to measure the temperature in an automobile. These devices usually consist of a thermocouple, thermistor, resistance temperature detector (RTD), or infrared device.
Sizing and Forecast
The automotive temperature sensor market size has grown steadily in recent years. It will grow from $9.28 billion in 2023 to $9.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to increased adoption of electronic components in vehicles, growing focus on energy efficiency and emission reduction, advancements in automotive safety regulations, rise in consumer demand for comfort and convenience features, expansion of the electric vehicle market.
The automotive temperature sensor market size is expected to see strong growth in the next few years. It will grow to $12.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to integration of temperature sensors in autonomous vehicles, surge in demand for electric and hybrid vehicles, emphasis on in-cabin comfort and climate control systems, growing implementation of advanced driver assistance systems (adas), expansion of the internet of things (iot) in automotive applications. Major trends in the forecast period include miniaturization of temperature sensor components, shift towards mems (micro-electro-mechanical systems) technology, development of smart temperature sensing solutions, increasing use of temperature sensors in powertrain management, integration of temperature monitoring in connected car platforms.
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Segmentation & Regional Insights
The automotive temperature sensor market covered in this report is segmented –
1) By Product Type: Thermistor, Resistance Temperature Detector, Thermocouple, IC Temperature Sensor, Mems Temperature Sensor, Infrared Sensor
2) By Technology: Contact, Non-Contact
3) By Usage: Gas, Liquid, Air
4) By Vehicle: Passenger Cars, Commercial Vehicle
5) By Application: Engine, Transmission, HVAC, Exhaust, Thermal Seats
Asia-Pacific was the largest region in the automotive temperature sensor market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive temperature sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
An increase in the prevalence of autonomous vehicles is expected to propel the growth of the automotive temperature sensor market going forward. An autonomous vehicle refers to a motor vehicle that operates without the support of human effort to drive on the road. Automatic vehicles use temperature sensors to keep a measure of vehicle engine temperatures and accordingly switch on the cooling fans to maintain an optimally required engine temperature. This helps to increase the vehicle’s performance. For instance, in December 2022, according to a report published by the Insurance Institute for Highway Safety, a US-based non-profit organization, there are projected to be 3.5 million autonomous vehicles on American roads by 2025. Additionally, 4.5 million autonomous vehicles are expected to be on the road by 2030. Therefore, the increase in the prevalence of autonomous vehicles is driving the automotive temperature sensor market growth.
Key Industry Players
Major companies operating in the automotive temperature sensor market report are Continental AG, Panasonic Holdings Corporation, Sensata Technologies Holding plc, NXP Semiconductors NV, Analog Devices Inc., Microchip Technology Inc., TE Connectivity Ltd., Rohm Semiconductor, Murata Manufacturing Co Ltd, ZF Friedrichshafen AG, Amphenol Corporation, Denso Corporation, Locon Sensor Systems Inc, MTI Industrial Sensors, Temperature Specialists Inc, Robert Bosch GmbH, Texas Instruments Incorporated, Siemens AG, Honeywell International Inc., Asea Brown Boveri Ltd., Endress+Hauser Management AG, Maxim Integrated, Emerson Electric Co., Tokyo Denki Kagaku Corporation, Infineon Technologies AG, Kongsberg Gruppen, Delphi Technologies, Automotive Electronics Council (AEC), Semiconductor Components Industries LLC, Melexis NV
The automotive temperature sensor market report table of contents includes:
1. Executive Summary
2.Automotive Temperature Sensor Market Characteristics
3.Automotive Temperature Sensor Market Trends And Strategies
4.Automotive Temperature Sensor market analysis
5.Automotive Temperature Sensor Market Size And Growth
6.Automotive Temperature Sensor Segmentation
7.Automotive Temperature Sensor Regional And Country Analysis
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27.Automotive Temperature Sensor Competitive Landscape And Company Profiles
28.Automotive Temperature Sensor Key Mergers And Acquisitions
29.Automotive Temperature Sensor Future Outlook and Potential Analysis
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