Global Automotive Temperature Sensors Market, delivering a must-read report for industry stakeholders wanting to understand the strategic landscape of this burgeoning sector. Readers will find an in-depth analysis of the market and how it will impact existing traditional markets, as well as insights into future development and opportunities across the globe.
According to the study, the automotive temperature sensor market is projected to register a moderate CAGR of nearly 7% during 2020 – 2026 (the forecast period).
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Continental, Robert Bosch, Delphi, Sensata Technologies, TE Connectivity, NXP Semiconductors, Microchip, Analog Devices, Texas Instruments, Panasonic Corporation, Murata, TDK Corporation, request free sample for complete list of companies.
The leading players of industry, their market share, product portfolio, company profiles are covered in this report. The competitive market scenario among players will help the industry aspirants in planning their strategies.
The report includes regions like North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Based on type of the vehicles, the studied market has been segmented into light commercial vehicles, heavy commercial vehicles, and alternative fuel vehicles. On the basis of application, it is limited to powertrain and body electronics.
In Terms of Product Type, the Passenger Cars Segment Accounted for the Highest Market Share
Due to the rising purchasing power of the millennial population, the demand for passenger cars is growing, which resulting in growing automotive sales. For an average consumer, truck is an reliable option, as it has good fuel efficiency and safety features. These factors drive the growth of heavy weight vehicles. Premium vehicles and utilities continue to drive the sales rate of light vehicles, which cumulatively is expected to contribute to a growth in demand for temperature sensors during the forecast period.
General Applications of Temperature Sensors
Temperature sensors are used for a wide range of applications. The most significant and conventional applications are power train and HVAC systems, followed by body electronics and alternative fuel. Growing demand from customers for automatic control of systems, information about a vehicle’s status, and government support for the utilization of alternative fuels have led to an increase in the demand for automotive temperature sensors.
Asia-Pacific to be the Primary Market for Automotive Temperature Sensors
The growth of Asia-Pacific market can be attributed to the developing automotive industry in countries, such as China and India. The regulations imposed, regarding safety and emission controls, in North America, Europe, and Latin America, are expected to boost the market significantly during the forecast period. The Middle East & African market is likely to witness a stagnant growth during the forecast period.
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Key Recent Developments
January 2018: 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.
Market Segment by Regions:
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
These segments are thoroughly evaluated on an individual basis and a team of analysts has ensured to give a crystal clear idea about various lucrative segments of the industry. This detailed analysis using segmentation by providing precise results on industry-related markets.
The report also analyzed the evolution of industry trends. Several macroeconomic factors such as Gross domestic product (GDP) and the increasing inflation rate is expected to affect directly or indirectly in the development of the industry.
Frequently Asked Questions about “Automotive Temperature Sensors market” :
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or 3 countries or nearly 40 analyst hours.
All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.
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