At 5.58 % CAGR Automotive Temperature Sensor Market potentially worth USD 11.89 billion by 2025

Study papers on Automotive Temperature Sensor market and regional forecast. Automotive Temperature Sensor market players are Robert Bosch (Germany), Continental (Germany), Delphi (UK), NXP Semiconductors (Netherlands), Sensata (US), Murata (Japan), TDK Corporation (Japan), TE Connectivity (Switzerland), Panasonic (Japan), Microchip (US), Analog Devices(US).

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Automotive temperature sensor market is estimated to be USD 7.70 billion in 2017 and is projected to reach USD 11.89 billion by 2025, at a CAGR of 5.58%.Temperature sensor plays a major role in controlling emission. With emission standards becoming increasingly stringent, the manufacturers are focusing on developing new technologies to meet the legislation necessitating the release of cleaner exhaust gases. However, the cost of a temperature sensor is high, which increases the manufacturing cost of the vehicle.

Target Audience

• Automotive OEMs
• Electronic component manufacturers
• Electric vehicle manufacturers
• Industry associations and experts
• Raw material manufacturers
• Raw material suppliers

The automotive temperature sensor market for Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Factors such as the upcoming government norms for emission in developing countries and high production of vehicles are expected to drive the market growth in the region. For instance, India is likely to adopt BS6 norms by 2020.

The study contains insights of various industry experts, ranging from component suppliers to Tier 1 companies and OEMs.

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The MEMS segment is expected to grow at the highest rate during the forecast period. The ongoing trend of adopting bulk micromachining fabrications to manufacture components such as temperature sensors is driving the market for MEMS technology.

The battery temperature sensor market is projected to grow at the highest CAGR during the forecast period. Battery temperature sensors are used in each cell of the battery to monitor temperature, thus, increasing the efficiency. The sensors monitor the chemical reaction temperature inside the battery, thus increasing the life of the battery. Henceforth, the high requirement of battery sensor in an electric vehicle is expected to boost the market for automotive temperature sensor.

Competitive Landscape

1 Overview
2 Market Ranking Analysis
3 Competitive Scenario & Trends
3.1 Expansions
3.2 Mergers and Acquisitions
3.3 New Product Launches/Developments
3.4 Partnerships/Agreements/Collaborations/Supply Contracts

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The report segments the automotive temperature sensor market and forecasts its size, by volume and value, on the basis of region (Asia Pacific, Europe, North America, and RoW),application (Transmission, Engine, Exhaust, HVAC, Thermal Seats), product (Thermistor, RTD, Thermocouple, IC sensor , MEMS, Infrared sensor), technology (Contact, Non-Contact), Usage (Gas, Liquid, Air), Vehicle (PC, CV), electric vehicle application (Engine, HVAC, Battery, Motor), and Technology (Wired, Wireless).

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