ID: MRFR/AM/4228-HCR | February 2021 | Region: Global | 100 pages
The automotive temperature sensor market is expected to grow at approximately 6% CAGR during the period 2017 to 2023.
The factors that are responsible for the growth of automotive temperature sensor market are engine control unit, stringent emission norms, rising need for fuel efficiency and improved vehicle safety. The manufacturer’s preference to understand the vehicle performance and operating condition is expected to drive the growth of automotive engine temperature sensor market during the forecast period. The stringent emission norms will enable the major automotive manufacturers to adopt latest detecting technologies such as infrared temperature sensors. The temperature sensor are mounted on the exhaust pipe, air duct, e-motor and battery to measure different parameters. Stringent government emission norms such as EURO-6, BHARAT stage-VI and US tier-2 regulations have forced OEMs to employ advanced sensor technology.
The automotive temperature sensor market is segmented based on applications, product type, and vehicle types. On the basis of application the market is segmented as engine, exhaust and seats. One of the major applications for temperature sensors in vehicle architecture is engine control management. The market is segmented based on product types as MEMS, IC sensor and Infrared temperature sensor. Furthermore, infrared sensors are gaining popularity in high-temperature applications. The market is segmented based on vehicle types as passenger vehicles and commercial vehicles. The number of applications of temperature sensors in passenger vehicles is higher as compared to commercial vehicles.
The key players in automotive temperature sensor market are 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.).
The market is segmented based on regions are America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in future because of increased demand for automotive electronics in Japan and South Korea. Other potential markets for temperature sensors are the Americas due to rules and regulation imposed by the U.S. Environment Agency on manufacturers. Additionally, emerging countries such as Brazil and Russia will play a crucial role in increasing market share of the temperature sensor. On the whole, OEMs and Tier-1 suppliers are focusing on low cost and durable temperature sensor to measure high temperature. To manufacture high performance and reliable temperature sensor, the advanced technologies such as high-heat resistant materials, hybrid sensor solutions and nanotechnology will play a pivotal role.
Vehicles become more sophisticated as they integrate sensors to detect internal and external operating conditions. The manufacturers are gaining competence in sensor technology to survive the competitive world of vehicle technology. Increase in awareness of temperature sensor technologies such as MEMs, IC sensors and Infrared sensors among the manufacturers are likely to improve the efficacy of the vehicle architecture. The manufacturers are testing new sensor technologies to measure the temperature gradient of engine parameters on different road conditions. Major parameters measured by the temperature sensors are passenger comfort, engine efficiency and performance.
The report for Global Automotive Temperature sensor Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
|Market Size||2027: Significant Value|
|CAGR||6% CAGR (2020-2027)|
|Forecast Units||Value (USD Million)|
|Report Coverage||Revenue Forecast, Competitive Landscape, Growth Factors, and Trends|
|Segments Covered||Application, Product Type, Vehicle Type|
|Geographies Covered||North America, Europe, Asia-Pacific, and Rest of the World (RoW)|
|Key Vendors||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, stringent emission norms, rising need for fuel efficiency and improved vehicle safety|
|Key Market Drivers||
Frequently Asked Questions (FAQ) :
The market growth rate in the near future is estimated to be 6%.
The market size is anticipated to expand quite significantly from 2017 to 2023.
The major vendors in the market are RFMicron (U.S.), Continental (Germany), Panasonic (Japan), TDK Corporation (Japan), TE Connectivity Ltd (Switzerland), Robert Bosch (Germany), Aptiv PLC (U.K.), ZF TRW Automotive (U.S.), TT Electronics (U.K.), RoHM Co. Ltd. (Japan), Microchip Technology Inc. (U.S.), and others.
The main parameters that are generally measured by temperature sensors include engine efficiency, performance and passenger comfort.
APAC shows the potential of achieving the leading position in the global market