Automotive Temperature Sensor Market Size was valued at USD 6.8 Billion in 2023. The Automotive Temperature Sensor Market industry is projected to grow from USD 7.20 Billion in 2024 to USD 10.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.30% during the forecast period (2024–2032). Rising demand for electric vehicles and advanced driver assistance systems (ADAS) are the key market drivers enhancing market growth.
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Market CAGR for automotive temperature sensor is being driven by the increasing penetration of portable healthcare equipment. The aging population and an increase in diseases will drive demand for improved portable healthcare gadgets. Temperature measuring and monitoring are precise in portable healthcare equipment that use thermal sensors.Â
Medical devices equipped with built-in sensors are used to monitor body temperature during F hyperthermia treatments, as well as to assess patient surface temperature during MRI, MRI, or other specific electro-surgical procedures. The growing usage of these sensors in patient monitoring systems, digital temperature measuring systems, and life-supporting machines is driving up demand in the healthcare sector. Furthermore, increasing technological improvements in the healthcare industry, as well as the requirement for equipment minimization, will drive temperature sensor market revenue.
The growing need for Internet of Things (IoT) devices has resulted in an increase in the demand for Automotive Temperature Sensors. Furthermore, the growing use of mobile battery-powered IoT applications has increased the demand for Automotive Temperature Sensors, which have very low power consumption and can be used at any time.Â
Furthermore, the demand for IoT-enabled air conditioners is increasing the demand for sophisticated Automotive Temperature Sensors for optimizing room temperature and compressor settings. As a result, the growing demand for IoT systems is driving the demand for digital sensors. Also, the install base for IoT devices is expected to reach 30.9 billion units by 2025, a huge rise from 13.8 billion units in 2021, driving market growth for Automotive Temperature Sensors.
The increasing utilization in automotive to maintain vehicle safety, improve engine performance, and reduce emissions is propelling market expansion. To produce new products and solutions, key players are employing a variety of organic and inorganic techniques, particularly in the automobile industry.
For instance, MS Motorservice International GmbH launched an aftermarket exhaust gas temperature sensor in August 2018 that is specifically designed for temperature resistance in the range of - 40° to + 1,000°C for high accuracy. These sensors aid in the monitoring of hot exhaust gas flow and the protection of temperature-sensitive components such as turbochargers from overheating.Â
In addition, the government has developed car safety and emission control rules. These factors have compelled automakers to install these sensors in their vehicles, increasing demand in the automotive industry.
The Automotive Temperature Sensor Market segmentation, based on Application includes Engine, Exhaust, and Seats. The engine segment dominates the automobile temperature sensor market. This is because the engine is the most crucial component of a vehicle, and temperature sensors are required to ensure that the engine functions within the specified temperature range.
The Automotive Temperature Sensor Market segmentation, based on Product Type, includes MEMS, IC sensors, Infrared Temperature Sensors. The MEMS segment is the market's greatest contributor, with a GAG of 5.80% expected over the projected period. Micro-electromechanical systems (MEMS) combine mechanical and electrical functionality using microfabrication methods.Â
Various MEMS sensors encompassing all detecting modes, such as temperature, pressure, humidity, inertial forces, magnetic fields, radiation, and chemical species, have been created over the previous two decades. These sensors typically outperform similar macroscale sensors. Furthermore, because MEMS sensors use the same batch manufacture procedures as semiconductor production, they have a substantially lower cost per device than their analogous macro-devices.
The Automotive Temperature Sensor Market segmentation, based on vehicle Type, includes Passenger Car, Commercial Vehicle. In the year 2022, passenger cars in the market held a significant share of the vehicle type category. It is expected to rise dramatically as the demand for passenger automobiles grows. This rising trend in passenger car manufacturing is expected to continue in the next years, presenting considerable potential for the Automotive Temperature Sensor Market. HCVs are also expected to grow significantly.
Figure1: Automotive Temperature Sensor Market, by Vehicle Type, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North American Automotive Temperature Sensor Market area will dominate this market; the region's increasing use of autonomous and electric vehicles is increasing demand for a variety of sensors, including radar, ultrasonic, and LiDAR sensors. The region's tight safety laws, which have increased demand for advanced driver assistance systems (ADAS), are also boosting sensor demand..
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure2: Automotive Temperature Sensor Market Share By Region 2022 (USD Billion)
Source: Secondary Research, Primary Research, Market Research Future Database and Analyst Review
Europe Automotive Temperature Sensor Market accounts for the second-largest market share because of the growing need for fuel-efficient automobiles. Further, the German Automotive Temperature Sensor Market held the largest market share, and the UK Automotive Temperature Sensor Market was the fastest growing market in the European region
The Asia-Pacific Automotive Temperature Sensor Market is expected to grow at the fastest CAGR from 2023 to 2032. This is due to increased demand for improved safety features in vehicles, the growing acceptance of electric vehicles, and the presence of major automotive manufacturers in the region. Moreover, China’s Automotive Temperature Sensor Market held the largest market share, and the Indian Automotive Temperature Sensor Market was the fastest growing market in the Asia-Pacific region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Automotive Temperature Sensor Market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Automotive Temperature Sensor industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Automotive Temperature Sensor industry to benefit clients and increase the market sector. In recent years, the Automotive Temperature Sensor industry has offered some of the most significant advantages to medicine.Â
Major players in the Automotive Temperature Sensor Market, including TE Connectivity Ltd (Switzerland), RoHM Co. Ltd. (Japan), Microchip Technology Inc. (U.S.), TT Electronics (U.K.) and others, are attempting to increase market demand by investing in research and development operations.
The TDK Corporation is a Japanese multinational electronics corporation that produces electronic components as well as recording and data storage media. Its motto is "Creativity contributes to culture and industry." "TDK" is an abbreviation for the company's original Japanese name, Tokyo Denki Kagaku Kgy K.K. (Tokyo Electric Chemical Industry Co., Ltd.). In October 2019, TDK Corporation introduced the EPCOS NTC temperature sensor, which can monitor temperatures ranging from -10 °C to -300 °C.Â
The sensor can be used in a variety of automotive and industrial electronics applications. Because the thermistors sleeves are constructed of ceramic, the sensor can be used in applications with harsh working conditions and is resistant to hostile substances such as acid.
Robert Bosch GmbH is a German multinational engineering and technology firm located in Gerlingen, Germany. In 1886, Robert Bosch founded the firm in Stuttgart.The charity organization Robert Bosch Stiftung owns 94% of Bosch. Although the charity is supported by owning the vast majority of shares, it has no voting rights and is interested in health and social causes unrelated to Bosch's company. In 2021, Bosch formed a strategic relationship with Qingling Motors Co. Ltd. to develop electric commercial vehicles in China. This collaboration will use Bosch's experience in automotive sensors and electrification technologies to create more efficient and dependable automobiles.
| Report Attribute/Metric | Details |
| Market Size 2023 | USD 6.8 Billion |
| Market Size 2024 | USD 7.20 Billion |
| Market Size 2032 | USD 10.9 Billion |
| Compound Annual Growth Rate (CAGR) | 5.30% (2024-2032) |
| Base Year | 2023 |
| Market Forecast Period | 2024-2032 |
| Historical Data | 2018- 2022 |
| Market Forecast Units | Value (USD Billion) |
| Report Coverage | Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
| Segments Covered | Application, Product Type, Vehicle Type and Region |
| Geographies Covered | North America, Europe, AsiaPacific, and the Rest of the World |
| Countries Covered | The US, Canada, German, France, UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
| Key Companies Profiled | Robert Bosch (Germany), Aptiv PLC (U.K.), Continental (Germany), Panasonic (Japan), TDK Corporation (Japan), TE Connectivity Ltd (Switzerland), RoHM Co. Ltd. (Japan), Microchip Technology Inc. (U.S.), TT Electronics (U.K.), ZF TRW Automotive (U.S.) and RFMicron (U.S.) |
| Key Market Opportunities | Engine control unit, strict emission standards |
| Key Market Dynamics | Rising demand for electric vehicles |
Automotive Temperature Sensor Market Highlights:
Frequently Asked Questions (FAQ):
The Automotive Temperature Sensor Market size was valued at USD 6.8 Billion in 2023.
The market is projected to grow at a CAGR of 5.30% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are TE Connectivity Ltd (Switzerland), RoHM Co. Ltd. (Japan), Microchip Technology Inc. (U.S.), TT Electronics (U.K.).
The engine category dominated the market in 2023.
The MEMS had the largest share in the market.
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