Global Automotive Temperature Sensor Market Overview:
Automotive Temperature Sensor Market Size was valued at USD 6.5 Billion in 2022. The Automotive Temperature Sensor Market industry is projected to grow from USD 6.8 Billion in 2023 to USD 10.9 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2023 - 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, MRFR Database and Analyst Review
Automotive Temperature Sensor Market Trends
The increasing penetration of portable healthcare equipment drives market growth.
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. 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. 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. 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.
Automotive Temperature Sensor Market Segment Insights:
Automotive Temperature Sensor Application Insights
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.
Automotive Temperature Sensor Product Type Insights
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. 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.
Automotive Temperature Sensor Vehicle Type Insights
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, MRFR Database and Analyst Review
Automotive Temperature Sensor Regional Insights
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, MRFR 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.
Automotive Temperature Sensor Key Market Players& Competitive Insights
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. 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. 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.
Key Companies in the Automotive Temperature Sensor market include
- 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.)
- RFMicron (U.S.)
Automotive Temperature Sensor Industry Developments
The use of AMD's Xilinx Automotive (XA) Zynq UltraScale+ adaptive system-on-a-chip continues to be successful with Japanese automakers. The multi-processor SoC will be used in the next-generation lidar platform from Japan's DENSO, according to the semiconductor behemoth.
The AMD SoCs are used by DENSO's SPAD lidar, which can produce more than three million points per second at 10 frames per second and includes system monitoring functionality to help the temperature and overall system function properly. The DENSO system produces the highest point-cloud density of any lidar system currently on the market, which is significant because it refers to the number of points within a given area and is comparable to image resolution, resulting in richer data and more details being captured that support decision-making.
The XA Zynq UltraScale+ MPSoC enables DENSO's lidar systems to scale down the size and price of lidar implementations and allow many lidars to operate together for a vehicle's side and forward perspectives. As automotive technology advances from an emphasis on driver assistance to full autonomy, this will be crucial since future generations of vehicles will have numerous systems, including forward-facing, rear-facing, and side-view lidars.
Hon Hai Technology company has announced that its subsidiary FIT Hon Teng Ltd. and Prettl SWH company hae reached an agreement for FIT Hon Teng Ltd. to entirely purchase the German auto parts supplier in a deal worth 186.6 million euros (or US$196.7 million).
The agreement is the most recent in a string of joint ventures and investments Hon Hai, commonly known as Foxconn Technology Group, has made to transition from iPhone production to the electric vehicle (EV) sector.
In the automotive and new mobility industries, the acquisition would advance FIT Hon Teng's sensor, connectivity, and electrification core technologies. It would also increase its worldwide talent pool and help it achieve its long-term goal of EV development and manufacture, according to the filing.
Prettl SWH specializes in creating auto sensors, including temperature sensors, speed sensors, and vehicle connection systems. They also develop electrification solutions, such charger modules and fuel cells.
March 2022,CTS Corporation finalized the acquisition of TEWA Temperature Sensors SP.Zo.o. and its subsidiaries for $24.5 million. TEWA is a well-known designer and manufacturer of high-quality temperature sensors.
July 2020,Denso Corporation and Qualcomm solutions, Inc. have launched a new collaboration to develop 5G-based communication solutions for connected automobiles. This collaboration will allow for the development of improved safety systems, driver assistance, and self-driving technology.
May 2020,Continental AG announced the acquisition of Kathrein vehicle GmbH, a German manufacturer of vehicle antennas. Continental made the acquisition to improve its position in the connected car industry and to extend its product portfolio in the automotive sensors category.
Automotive Temperature Sensor Market Segmentation:
Automotive Temperature Sensor Market By Application Outlook
Automotive Temperature Sensor Market By Product Type Outlook
- IC sensors
- Infrared Temperature Sensors
Automotive Temperature Sensor Market By Vehicle Type Outlook
- Passenger Car
- Commercial Vehicle
Automotive Temperature Sensor Regional Outlook
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Latin America
Market Size 2022
USD 6.5 Billion
Market Size 2023
USD 6.8 Billion
Market Size 2032
USD 10.9 Billion
Compound Annual Growth Rate (CAGR)
Market Forecast Period
Market Forecast Units
Value (USD Billion)
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Application, Product Type, Vehicle Type and Region
North America, Europe, AsiaPacific, and the Rest of the World
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
Frequently Asked Questions (FAQ) :
The Automotive Temperature Sensor Market size was valued at USD 6.5Billion in 2022.
The market is projected to grow at a CAGR of 6.00% during the forecast period, 2023-2032.
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 2022.
The MEMS had the largest share in the market.
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