Global Coolant Temperature Sensors Market Overview:
A coolant temperature sensor also known as an ECT sensor or ECTS, is an engine management system sensor. Coolant temperature sensors are used to monitor the temperature of the engine's coolant. A functional coolant temperature sensor prevents the vehicle from using more gas than necessary and also ensures a safer ride. Coolant temperature sensors work based on the principle of temperature-dependent electrical resistance. As the coolant temperature changes, the resistance of the sensor changes accordingly. This change in resistance is converted into a voltage or digital signal that is sent to the ECU for processing. The coolant temperature sensor's readings are vital for the engine management system to adjust fuel delivery and ignition timing
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Recently this market has seen advancements in sensor technology, such as the integration of digital sensors, which provide more accurate and reliable temperature readings
Market Growth Drivers:
Increasing Application of Automotive Temperature Sensor and Growing Demand For Coolant Temperature Sensors
Challenges:
Integration Issues Between Oems and System Manufacturers and Price Competition Among Sensor Manufacturers
Restraints:
The accuracy of coolant temperature sensors is essential for proper engine performance and maintenance. However, these sensors may encounter accuracy issues over time
Opportunities:
Shifting Market and Revenue Pool toward Developing Countries
Competitive Landscape:
Due to the large number of businesses competing in the industry, there is intense competition. Industry convergence and ongoing product improvement push the market towards solutions with a high degree of differentiation
Some of the key players profiled in the report are Robert Bosch (Germany), Standard Motor Products (United Kingdom), Continental (Germany), Panasonic (Japan), Delphi (United Kingdom), TDK Corporation (Japan), Ford (United States), Denso (Japan), Honeywell (United States) and Sensirion (United States). Additionally, following companies can also be profiled that are part of our coverage like ACDelco, Dorman, Amphenol Sensors and Shengnuo. Analyst at AMA Research see United States Vendors to retain maximum share of Global Coolant Temperature Sensors market by 2028. Considering Market by Electric Vehicle Application, the sub-segment i.e. Engine will boost the Coolant Temperature Sensors market. Considering Market by Distribution Channels, the sub-segment i.e. OEMs Market will boost the Coolant Temperature Sensors market. Considering Market by EV Charging Technology, the sub-segment i.e. Wired will boost the Coolant Temperature Sensors market. Considering Market by By Vehicle, the sub-segment i.e. Passenger Cars will boost the Coolant Temperature Sensors market.
Latest Market Insights:
The German company Kade Trading GmbH, with its headquarters in Glinde, has had 100% of its capital stock purchased by Standard Motor Products, Inc., a well-known manufacturer and distributor of automobile parts.
Sensirion announced its STS4x fourth-generation temperature sensor range in March 2022. The digital sensor provides measurements that are extremely accurate and has industry-leading lead times. Additionally, it is presently represented by the STS40 and is offered in various accuracy classes.
What Can be Explored with the Coolant Temperature Sensors Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Coolant Temperature Sensors Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Coolant Temperature Sensors
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Coolant Temperature Sensors market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Coolant Temperature Sensors market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Raw Material Suppliers, Distributors/Traders/Wholesalers/Suppliers, Regulatory Bodies, Including Government Agencies And Ngo, Commercial Research & Development (R&D) Institutions, Importers and Exporters, Government Organizations, Research Organizations, And Consulting Firms, Trade Associations And Industry Bodies and End-Use Industries.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.