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Automotive Temperature Sensor Market Size (2024 - 2029)

The automotive temperature sensor market is experiencing growth driven by the increasing demand for compliance with safety and emission control regulations, which mandate the installation of sensors. This regulatory push is enhancing the market size as automotive companies adapt to these requirements. Additionally, the expanding automotive HVAC market is contributing to the market's growth, as temperature sensors are essential for monitoring ambient conditions within vehicles. The rising adoption of electric vehicles further supports the market's expansion, as these vehicles also necessitate effective temperature monitoring solutions.

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Market Size of Automotive Temperature Sensor Industry

Automotive Temperature Sensor Market Size
Study Period 2019 - 2029
Base Year For Estimation 2023
CAGR 6.17 %
Fastest Growing Market Asia Pacific
Largest Market Asia Pacific
Market Concentration Medium

Major Players

Automotive Temperature Sensor Market Key Players

*Disclaimer: Major Players sorted in no particular order

Temperature Sensors in Automotive Market Analysis

The Automotive Temperature Sensor market was valued at USD 12.13 billion in 2020 and is expected to reach USD 8.47 billion by 2026, at a CAGR of 6.17% over the forecast period 2021 - 2026. The automotive industry has grown significantly in the past few years, aided by the growth in unit volumes and the emergence of new technologies, whether it be for safety, entertainment, or for pure innovation.

  • Government organizations in many countries are implementing safety and emission control standards that mandate the installation of sensors. Automotive companies are thereby required to comply with these safety and emission control regulations set by these authorities. This trend is expected to increase the demand for automotive temperature sensors over the forecast period.
  • In line with this trend, companies such as MS Motorservice International GmbH, in 2018, launched aftermarket exhaust gas temperature sensors that feature temperature resistance in the range from - 40° to + 1,000°C and exceptional accuracy. These sensors monitor the hot exhaust gas flow and protect temperature-sensitive components, like turbochargers from overheating. In the case of critical overheating, the control unit responds with suitable actions to reduce the temperature, for example, reducing the performance.
  • Moreover, the growing automotive HVAC market, which is facilitating the broader adoption of temperature sensors, is one of the major trends contributing to the growth of the automotive temperature sensor market. Temperature sensors are the most commonly used sensors for HVAC as they can monitor ambient conditions inside a car.
  • Along with the aforementioned factors, increasing adoption of electric vehicles is also favoring the market growth over the forecast period as these vehicles also require temperature monitoring. Companies such as Sensor Scientific Inc. is developing thermistor temperature sensors for electric cars.

Temperature Sensors in Automotive Industry Segmentation

Temperature sensor in the automotive industry effectively and accurately measure the temperature of a vehicle's oil, coolant, and air to ensure optimum performance. Automotive temperature sensors usually consist of either a thermistor, thermocouple, resistance temperature detector or an infrared device. Thermocouples are mainly used for measuring high temperatures (like exhaust gas temperatures), and infrared sensors are utilized where direct contact with the object being sensed is undesirable.

By Vehicle Type
Passenger Cars
Commercial Vehicles
By Application
Powertrain
Body Electronics
Alternative Fuel Vehicles
Other Applications
Geography
North America
United States
Canada
Europe
France
Germany
Italy
Spain
United Kingdom
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Rest of the World
Latin America
Middle-East & Africa
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Automotive Temperature Sensor Market Size Summary

The automotive temperature sensor market is experiencing significant growth, driven by the increasing demand for safety and emission control standards that require the installation of sensors in vehicles. This demand is further bolstered by the rise in automotive sales, particularly in the passenger car segment, where the millennial population's purchasing power is on the rise. The market is also benefiting from the growing automotive HVAC sector, which relies heavily on temperature sensors to monitor ambient conditions within vehicles. Additionally, the adoption of electric vehicles is contributing to market expansion, as these vehicles necessitate precise temperature monitoring to ensure optimal performance and safety.

The Asia-Pacific region is a key growth area for the automotive temperature sensor market, fueled by the developing automotive industries in countries like China and India. The region's burgeoning electric vehicle market, supported by government incentives, is also a significant factor in the market's expansion. Companies in the region are investing heavily to meet the increasing demand, which is expected to drive the adoption of temperature sensors. The market is competitive, with several players striving to enhance their market presence through product innovation, operational expansion, and strategic mergers and acquisitions.

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Automotive Temperature Sensor Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Introduction to Market Drivers and Restraints

    3. 1.3 Market Drivers

      1. 1.3.1 Stringent Emission Regulations for Automobiles

      2. 1.3.2 Increasing Penetration of Electric and Autonomous Vehicles

    4. 1.4 Market Restraints

      1. 1.4.1 Cost Pressure on Automotive OEM's

    5. 1.5 Value Chain Analysis

    6. 1.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Vehicle Type

      1. 2.1.1 Passenger Cars

      2. 2.1.2 Commercial Vehicles

    2. 2.2 By Application

      1. 2.2.1 Powertrain

      2. 2.2.2 Body Electronics

      3. 2.2.3 Alternative Fuel Vehicles

      4. 2.2.4 Other Applications

    3. 2.3 Geography

      1. 2.3.1 North America

        1. 2.3.1.1 United States

        2. 2.3.1.2 Canada

      2. 2.3.2 Europe

        1. 2.3.2.1 France

        2. 2.3.2.2 Germany

        3. 2.3.2.3 Italy

        4. 2.3.2.4 Spain

        5. 2.3.2.5 United Kingdom

        6. 2.3.2.6 Rest of Europe

      3. 2.3.3 Asia-Pacific

        1. 2.3.3.1 China

        2. 2.3.3.2 India

        3. 2.3.3.3 Japan

        4. 2.3.3.4 South Korea

        5. 2.3.3.5 Rest of Asia-Pacific

      4. 2.3.4 Rest of the World

        1. 2.3.4.1 Latin America

        2. 2.3.4.2 Middle-East & Africa

Automotive Temperature Sensor Market Size FAQs

The Automotive Temperature Sensor Market is projected to register a CAGR of 6.17% during the forecast period (2024-2029)

Sensata Technologies Inc., NXP Semiconductors N.V., Amphenol Corporation, Robert Bosch GmbH and Continental AG are the major companies operating in the Automotive Temperature Sensor Market.

Automotive Temperature Sensor Market Report Snapshots

Automotive Temperature Sensor Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)