Industry Background:
Increase in awareness of temperature sensor technologies will help to boost global automotive temperature sensor market in the forecasted time period. Automotive sensors detect, measure, and transmit the information, which helps in examining the performance of the vehicles. These sensors utilize IC fabrication technology made on silicon wafers. Growing inputs/outputs from existing electronics in the HVAC systems and engine management, the automotive temperature sensors market is anticipated to grow during the forecast period. Rising demand from customers for advanced automatic control of systems and information regarding a vehicle’s status has led to an upsurge in the demand for the automotive temperature sensors.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
High Growth Market | Asia- Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Robert Bosch GmbH (Germany), Denso Corporation (Japan), Valeo Pvt. Ltd (France), Delphi Automotive LLP (United Kingdom), Hitachi Appliances Inc. (Japan), Continental AG Corporation (Germany), Sensata Technologies Inc. (United States), NXP Semiconductors (United States), STMicroelectronics N.V (Switzerland) and Infineon Technologies AG (Germany) |
According to AMA, the market for Automotive Temperature Sensors is expected to register a CAGR of 5.59% during the forecast period to 2028. This growth is primarily driven by The Growth of Automotive Electronics and Increased Response Time by Smaller Elements and Installation in Desired Locations through Smaller Packages.
Globally, a noticeable market trend is evident Stringent Government Regulations to Increase Fuel Efficiency and Reduce Emission
The Automobiles sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as Robert Bosch GmbH (Germany), Denso Corporation (Japan), Valeo Pvt. Ltd (France), Delphi Automotive LLP (United Kingdom), Hitachi Appliances Inc. (Japan), Continental AG Corporation (Germany), Sensata Technologies Inc. (United States), NXP Semiconductors (United States), STMicroelectronics N.V (Switzerland) and Infineon Technologies AG (Germany), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On 30th January 2019, Continental launched its latest innovation in the exhaust gas sensor technology to the Chinese market, to lower vehicle emissions. Both, the high-temperature sensor (HTS) and the differential pressure sensor (DPS) provide data for closer control of emission-relevant exhaust gas after-treatment.
On 5th November 2018, Bosch has launched MEMS sensors enable cars to navigate without GPS. At Munich's world-renowned electronics exhibition: electronica, Bosch has announced the new SMI230 six-axis inertial sensor. With this sensor onboard, navigation systems will not take their eye off the destination – even when the GPS signal is interrupted.
Influencing Trend:
Stringent Government Regulations to Increase Fuel Efficiency and Reduce Emission and Increasing Application of Automotive Temperature Sensor
Market Growth Drivers:
The Growth of Automotive Electronics and Increased Response Time by Smaller Elements and Installation in Desired Locations through Smaller Packages
Challenges:
Compatibility Issue between Sensor Manufacturers and OEMs and Price Competition among Sensor Manufacturers
Restraints:
High-Cost Pressure on OEMs and Limitations of Temperature Sensors
Opportunities:
Huge Demand Due To Growing Research and Development of Driverless Cars and Advanced Technologies Such As Advanced Driver Assistance Systems (ADAS), Lane Departure Warning (LDW) Systems
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Automotive Temperature Sensors Market
- Analysis about New Entrants in Automotive Temperature Sensors Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Automotive Temperature Sensors Study Sheds Light on
The Automotive Temperature Sensors Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Temperature Sensors industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Temperature Sensors industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.