Industry Background:
The automotive temperature sensor is a device used to detect the temperature. It collects the data about temperature from a particular source and converts the data into an understandable form for a device or an observer. Temperature sensors have various applications like HV and AC system environmental controls, food processing units, medical devices, chemical handling and automotive under the hood monitoring and control systems etc.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Robert Bosch (Germany), TE Connectivity Ltd (Switzerland), Continental (Germany), Panasonic (Japan), Delphi (United Kingdom), TDK Corporation (Japan), RoHM Co. Ltd. (Japan), Microchip Technology Inc. (United States), TT Electronics (United Kingdom) and ZF TRW Automotive (United States) |
This growth is primarily driven by Increasing Application of Automotive Temperature Sensor and Rising Need for Fuel Efficiency.
Globally, a noticeable market trend is evident Increasing Demand for Multi-Functional Temperature Sensors Major Vendors, such as Robert Bosch (Germany), TE Connectivity Ltd (Switzerland), Continental (Germany), Panasonic (Japan), Delphi (United Kingdom), TDK Corporation (Japan), RoHM Co. Ltd. (Japan), Microchip Technology Inc. (United States), TT Electronics (United Kingdom) and ZF TRW Automotive (United States), 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:
In October 2019, Measurement Specialties Inc., a subsidiary of TE Connectivity Ltd., a global industrial technology company with a leading position in connectivity and sensing solutions, acquired Silicon Microstructures Inc. from Elmos Semiconductor. It brings SMI's Micro-Electro-Mechanical Systems (MEMS) sensor technology design and manufacturing capabilities and TE's operational scale, customer base, and existing sensor technologies into more comprehensive global sensing solutions for customers.
In May 2022, Continental is expanding its extensive sensor portfolio with the launch of two new sensors for electric vehicles: a current sensor module (CSM) and a battery shock detection (BID) system. Both new solutions focus on battery protection and/or maintenance of battery parameters. Continental begins manufacturing an all-new High Voltage Current Sensor Module (CSM). This compact, modular sensor design measures current and senses temperature simultaneously. Both values are highly related to inputs for battery management.
Influencing Trend:
Increasing Demand for Multi-Functional Temperature Sensors
Market Growth Drivers:
Increasing Application of Automotive Temperature Sensor and Rising Need for Fuel Efficiency
Challenges:
Rising Prices Competition among Sensor Manufacturers
Restraints:
Limitations of Temperature Sensors
Opportunities:
Rising Demand for Automotive Temperature Sensor Worldwide and Growing Demand for Automotive Electronics
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 Sensor Market
- Analysis about New Entrants in Automotive Temperature Sensor 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 Sensor Study Sheds Light on
The Automotive Temperature Sensor Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Automotive Temperature Sensor industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Automotive Temperature Sensor 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.