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What is the Size Forecast for the Global Automotive Temperature Sensor Market?
The automotive temperature sensor market has been experiencing steady growth in recent years. The market size is projected to grow from $9.47 billion in 2024 to $9.78 billion in 2025, corresponding to a compound annual growth rate (CAGR) of 3.3%. This growth in the historic period can primarily be attributed to the increased adoption of electronic components in vehicles, a growing focus on energy efficiency and emission reduction, advancements in automotive safety regulations, rising consumer demand for comfort and convenience features, and expansion of the electric vehicle market.
Looking forward, the automotive temperature sensor market is expected to experience strong growth, reaching $13.07 billion in 2029 at a CAGR of 7.5%. This growth in the forecast period can be attributed to the integration of temperature sensors in autonomous vehicles, a surge in demand for electric and hybrid vehicles, emphasis on in-cabin comfort and climate control systems, growing implementation of advanced driver assistance systems (ADAS), and expansion of the internet of things (IoT) in automotive applications. Major upcoming trends include miniaturization of temperature sensor components, shift towards MEMS (micro-electro-mechanical systems) technology, development of smart temperature sensing solutions, increasing use of temperature sensors in powertrain management, integrations in connected car platforms.
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What are the Key Drivers of the Automotive Temperature Sensor Market?
An increase in the prevalence of autonomous vehicles is expected to drive the growth of the automotive temperature sensor market. Autonomous vehicles, which operate independently of human effort, use temperature sensors to monitor engine temperatures and subsequently engage cooling fans to maintain optimal engine temperature. This boosts vehicle performance. For instance, in December 2022, a report by the Insurance Institute for Highway Safety predicted that there will be 4.5 million autonomous vehicles on the road by 2030. The rise in prevalence of autonomous vehicles is thus a major driver of the automotive temperature sensor market.
What are the Major Segments within the Global Automotive Temperature Sensor Market?
The automotive temperature sensor market covered in this report is segmented as follows:
1) By Product Type: Thermistor, Resistance Temperature Detector, Thermocouple, IC Temperature Sensor, MEMS Temperature Sensor, Infrared Sensor
2) By Technology: Contact, Non-Contact
3) By Usage: Gas, Liquid, Air
4) By Vehicle: Passenger Cars, Commercial Vehicle
5) By Application: Engine, Transmission, HVAC, Exhaust, Thermal Seats
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Which Major Players are Operating in the Automotive Temperature Sensor Market?
Major players operating in the automotive temperature sensor market include Continental AG, Panasonic Holdings Corporation, Sensata Technologies Holding plc, NXP Semiconductors NV, Analog Devices Inc., Microchip Technology Inc., TE Connectivity Ltd., Rohm Semiconductor, Murata Manufacturing Co Ltd, ZF Friedrichshafen AG, Amphenol Corporation, Denso Corporation, Locon Sensor Systems Inc, MTI Industrial Sensors, Temperature Specialists Inc, Robert Bosch GmbH, Texas Instruments Incorporated, Siemens AG, Honeywell International Inc., Asea Brown Boveri Ltd., Endress+Hauser Management AG, Maxim Integrated, Emerson Electric Co., Tokyo Denki Kagaku Corporation, Infineon Technologies AG, Kongsberg Gruppen, Delphi Technologies, Automotive Electronics Council (AEC), Semiconductor Components Industries LLC, and Melexis NV.
What are the Emerging Trends in the Automotive Temperature Sensor Market?
Rapid advancements in technology are emerging as a key trend in the automotive temperature sensor market. Major players in this sector are focusing on technological advancements to stay ahead in the market. For instance, in May 2022, Continental, a Germany-based automotive parts manufacturer, launched two new sensors for electrified vehicles – the Current Sensor Module (CSM) and the Battery Impact Detection (BID) system. The CSM is a dual-channel sensor that measures temperature between -40 °C and 125 °C.
Which Region is Expected to Grow the Fastest in the Automotive Temperature Sensor Market?
Asia-Pacific was the largest region in the automotive temperature sensor market in 2024 and is expected to be the fastest-growing region in the forecast period. Other regions covered in the report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does the Automotive Temperature Sensor Market Report 2025 Offer?
The automotive temperature sensor is a device that measures and detects heat, converting it into an electrical signal that can be read by a measuring device to ensure temperature regulation for an automobile’s long and healthy life. These sensors are crucial components in an automobile and often consist of a thermocouple, thermistor, resistance temperature detector (RTD), or infrared device. The Automotive Temperature Sensor Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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