Automotive Temperature Sensor Market - Forecast(2024 - 2030)
Automotive Temperature Sensor Market Overview
The Automotive Temperature Sensor Market size was valued at $3.6 billion in 2021, estimated to grow at a CAGR of 5.6% during 2022-2027. The shift toward digitalization in automotive electronics has led to the rise of IoT in the sector which has further fueled the growth of Automotive Temperature Sensors. Furthermore, the digital revolution in the sensing industry has enhanced the manufacturers to design and develop new Temperature Sensors that utilize a digital interface with low interface for the automotive sector. In addition, the growing use of Automotive Temperature Sensors in the electric vehicle marketplace is further driving the growth of the Automotive Temperature Sensors Market during the forecast period. The rising usage of thermocouples, thermistors and resistance temperature detectors (RTDs) is set to drive market growth. The major growth drivers that impact the Automotive Temperature Sensors Market are new technological advancements as well as growing automotive demand.
Report Coverage
The report: “Automotive
Temperature Sensor Industry Outlook (2022-2027)”, by IndustryARC,
covers an in-depth analysis of the following segments of the Automotive
Temperature Sensor Industry.
By Type: Contact, Non-Contact.
By Function: Analog, Digital.
By Product Type: Resistance Temperature Detector (RTD), ICs, Thermistor,
Thermostat, Thermocouple Thermometer, Infrared Sensors and Others.
By Fuel Type: Petrol, Diesel, Hybrid,
Electric and Others
By Application: HVAC, Engine, Battery,
Electric Motor, Exhaust, Fuel System and Others
By Vehicle Type: Passenger Vehicles,
LCV, HCV
By Geography: North America (U.S,
Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany,
UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus
and Others), and RoW (Middle east and Africa).
Key Takeaways
- In 2021, the Automotive Temperature Sensors Market was dominated by Asia Pacific owing to the growth of the automotive manufacturing sector in the countries such as China and India.
- The demand for ADAS Solutions in vehicles is highly enhancing the growth of the Automotive Temperature Sensors Market. Moreover, the growing demand for connected vehicles are highly propelling the market’s growth.
- With the increasing demand for internet of things (IoT) powered devices including automotive control systems and connected vehicles are leading to increased focus on temperature sensor adoption thereby expanding the market’s growth.
Automotive Temperature Sensor Market, By Geography, 2021 (%)
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Automotive Temperature Sensor Market Segment Analysis – By Vehicle Type
Automotive Temperature Sensor Industry Segment Analysis – By Type
Digital Automotive Temperature Sensors account for a large share of the Automotive Temperature Sensor Market size at 69.2% in 2021. Sophisticated safety systems and pervasive electronic systems have affected almost every sector of the automobile operations from engines to seat controls. In doing so, Automotive Temperature Sensors have become an unavoidable component of every automotive vehicle. The rising purchasing power of the millennial population is further resulting in a growing demand for various upgraded vehicles equipped with those sensors, thereby creating a demand influx in the Automotive Temperature Sensor Market. Mounted on battery, exhaust pipe, engine, and air duct, the automotive Temperature Sensors such as humidity sensor, infrared sensor, thermocouple, thermistor, Resistance temperature Detector (RTD) and others are used to gauge the temperature measurement of a vehicle. The increasing fuel-efficient technologies combined with growing demand in engine control management is further paving opportunities for the Automotive Temperature Sensor Market in the upcoming years. With the developing concern for global warming, the stringent governmental laws to decrease CO2 emissions are building, which are equally driving the automotive Temperature Sensor industry. Amidst the global CO2 emission, transportation sector contributes 14%. Therefore, with the evolution and expansion of the Automotive Temperature Sensor Market place, this rising concern can be controlled. Sensirion has got a breakthrough innovation named SCD40, which is a first miniaturized CO2 and RH/T sensor that can be fitted in just one cubic centimeter space and can accelerate environmental sensing expertise by incorporating a best-in-class humidity and Automotive Temperature Sensor. This innovation will create an impact on the environment boosting the Automotive Temperature Sensor Market across the globe.Automotive Temperature Sensor Industry Segment Analysis – By Geography
Automotive Temperature Sensor Market Drivers
Electrification of Vehicles has also created opportunities for the automotive Temperature Sensors
Demand for electric and hybrid vehicles is soaring across the globe, thereby creating an opportunity for the growth of automotive temperature sensors Market during the forecast period. Increasing research and development activities in the field of temperature sensors for automobiles and other vehicles coupled with government initiatives has also created opportunities for the rise of automotive engine cooling system market across the world. By electrification of vehicles, efficiency of the engine can be increased and it also limits the CO2 emissions and usage of fossil fuels. Additionally, the government of various counties has taken initiatives for leveraging production and encouraging people to buy electric vehicles. Also, various government subsidiaries' focus on the purchase of electric vehicles, is anticipated to provide prospects for the electric vehicles market, which in turn drives the electric vehicles engine cooling system market growth. The declining battery costs and the increase in battery capacity has led to increase the demand for electric vehicle. This is anticipated to have a major impact on the electric vehicle temperature sensor market growth. Furthermore, technological advancements in the charging stations is anticipated to increase the demand for the electric vehicles, thereby impacting the electric vehicles engine cooling system market growth. Nearly 6.5 million electric vehicles (EVs) were sold worldwide in 2021, up 109% from 2020 and a 195% increase from 2019.
Increasing Demand for IoT
The rising demand for Internet of things (IoT) devices has raised the need for Automotive Temperature Sensors. Moreover, the increasing application of mobile battery-powered IoT applications has driven the need for Automotive Temperature Sensors, as it has very low power consumption, and can be used at any point of time. In addition, the demand for air conditioner equipped with IoT are significantly enhancing the need for advanced Automotive Temperature Sensors for optimizing the room temperature and compressor settings. Thus, the increasing demand for the IoT platforms is majorly driving the demand for the digital sensors market. According to Statista, the install base for IoT devices globally is forecast to amount to 30.9 billion units by 2025, a significant increase from the 13.8 billion units in 2021 which will significantly drive market growth for Automotive Temperature Sensors.
Automotive Temperature Sensor Market Challenges
Design Challenges
The Automotive Temperature Sensors are becoming widely popular, but it is mainly hindered by the process of designing. The designing of the Automotive Temperature Sensors are complex and also requires features such as stability, accuracy and sensitivity. In order to maintain these features Automotive Temperature Sensors are widely dependent on monitoring solution. Thus, this monitoring solution requires highly skilled workforce in order to overcome the designing challenges of the Automotive Temperature Sensors.
Automotive Temperature Sensor Industry Outlook
Technology launches,
acquisitions and R&D activities are key strategies adopted by players in
the Automotive Temperature Sensor Market. In 2021, the market of Automotive
Temperature Sensor has been consolidated by the top ten players –
- TI
- Maxim
- Analog
- Microchip
- NXP
- ON Semiconductor
- Measurement Specialties (TE Connectivity)
- Melexis
- IDT
- STMicroelectronics
Recent Developments
- In March 2022, CTS Corporation completed the acquisition of TEWA Temperature Sensors SP. Zo.o. and its subsidiaries for an enterprise value of $24.5 million. TEWA is a reputable designer and manufacturer of high-quality temperature sensors.
- In December 2020, CTS Corporation announced that it has acquired Sensor Scientific, Inc. (SSI), a privately held temperature sensing company.
- In March 2020, TE Connectivity Ltd. has completed its public takeover of sensor technology company First Sensor AG. TE now holds 71.87% shares of First Sensor.
Related Reports
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LIST OF TABLES
1.Global Market By Technology Market 2023-2030 ($M)1.1 Contact Market 2023-2030 ($M) - Global Industry Research
1.2 Non-Contact Market 2023-2030 ($M) - Global Industry Research
2.Global Automotive Temperature Sensor Market By Usage Market 2023-2030 ($M)
2.1 Gas Market 2023-2030 ($M) - Global Industry Research
2.2 Liquid Market 2023-2030 ($M) - Global Industry Research
2.3 Air Market 2023-2030 ($M) - Global Industry Research
3.Global Market By EV Application Market 2023-2030 ($M)
3.1 HVAC Market 2023-2030 ($M) - Global Industry Research
3.2 Battery Market 2023-2030 ($M) - Global Industry Research
3.3 Engine Market 2023-2030 ($M) - Global Industry Research
3.4 Electric Motor Market 2023-2030 ($M) - Global Industry Research
4.Global Automotive Temperature Sensor Market By EV Charging Technology Market 2023-2030 ($M)
4.1 Wired Market 2023-2030 ($M) - Global Industry Research
4.2 Wireless Market 2023-2030 ($M) - Global Industry Research
5.Global Market By Technology Market 2023-2030 (Volume/Units)
5.1 Contact Market 2023-2030 (Volume/Units) - Global Industry Research
5.2 Non-Contact Market 2023-2030 (Volume/Units) - Global Industry Research
6.Global Automotive Temperature Sensor Market By Usage Market 2023-2030 (Volume/Units)
6.1 Gas Market 2023-2030 (Volume/Units) - Global Industry Research
6.2 Liquid Market 2023-2030 (Volume/Units) - Global Industry Research
6.3 Air Market 2023-2030 (Volume/Units) - Global Industry Research
7.Global Market By EV Application Market 2023-2030 (Volume/Units)
7.1 HVAC Market 2023-2030 (Volume/Units) - Global Industry Research
7.2 Battery Market 2023-2030 (Volume/Units) - Global Industry Research
7.3 Engine Market 2023-2030 (Volume/Units) - Global Industry Research
7.4 Electric Motor Market 2023-2030 (Volume/Units) - Global Industry Research
8.Global Automotive Temperature Sensor Market By EV Charging Technology Market 2023-2030 (Volume/Units)
8.1 Wired Market 2023-2030 (Volume/Units) - Global Industry Research
8.2 Wireless Market 2023-2030 (Volume/Units) - Global Industry Research
9.North America Market By Technology Market 2023-2030 ($M)
9.1 Contact Market 2023-2030 ($M) - Regional Industry Research
9.2 Non-Contact Market 2023-2030 ($M) - Regional Industry Research
10.North America Automotive Temperature Sensor Market By Usage Market 2023-2030 ($M)
10.1 Gas Market 2023-2030 ($M) - Regional Industry Research
10.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
10.3 Air Market 2023-2030 ($M) - Regional Industry Research
11.North America Market By EV Application Market 2023-2030 ($M)
11.1 HVAC Market 2023-2030 ($M) - Regional Industry Research
11.2 Battery Market 2023-2030 ($M) - Regional Industry Research
11.3 Engine Market 2023-2030 ($M) - Regional Industry Research
11.4 Electric Motor Market 2023-2030 ($M) - Regional Industry Research
12.North America Automotive Temperature Sensor Market By EV Charging Technology Market 2023-2030 ($M)
12.1 Wired Market 2023-2030 ($M) - Regional Industry Research
12.2 Wireless Market 2023-2030 ($M) - Regional Industry Research
13.South America Market By Technology Market 2023-2030 ($M)
13.1 Contact Market 2023-2030 ($M) - Regional Industry Research
13.2 Non-Contact Market 2023-2030 ($M) - Regional Industry Research
14.South America Automotive Temperature Sensor Market By Usage Market 2023-2030 ($M)
14.1 Gas Market 2023-2030 ($M) - Regional Industry Research
14.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
14.3 Air Market 2023-2030 ($M) - Regional Industry Research
15.South America Market By EV Application Market 2023-2030 ($M)
15.1 HVAC Market 2023-2030 ($M) - Regional Industry Research
15.2 Battery Market 2023-2030 ($M) - Regional Industry Research
15.3 Engine Market 2023-2030 ($M) - Regional Industry Research
15.4 Electric Motor Market 2023-2030 ($M) - Regional Industry Research
16.South America Automotive Temperature Sensor Market By EV Charging Technology Market 2023-2030 ($M)
16.1 Wired Market 2023-2030 ($M) - Regional Industry Research
16.2 Wireless Market 2023-2030 ($M) - Regional Industry Research
17.Europe Market By Technology Market 2023-2030 ($M)
17.1 Contact Market 2023-2030 ($M) - Regional Industry Research
17.2 Non-Contact Market 2023-2030 ($M) - Regional Industry Research
18.Europe Automotive Temperature Sensor Market By Usage Market 2023-2030 ($M)
18.1 Gas Market 2023-2030 ($M) - Regional Industry Research
18.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
18.3 Air Market 2023-2030 ($M) - Regional Industry Research
19.Europe Market By EV Application Market 2023-2030 ($M)
19.1 HVAC Market 2023-2030 ($M) - Regional Industry Research
19.2 Battery Market 2023-2030 ($M) - Regional Industry Research
19.3 Engine Market 2023-2030 ($M) - Regional Industry Research
19.4 Electric Motor Market 2023-2030 ($M) - Regional Industry Research
20.Europe Automotive Temperature Sensor Market By EV Charging Technology Market 2023-2030 ($M)
20.1 Wired Market 2023-2030 ($M) - Regional Industry Research
20.2 Wireless Market 2023-2030 ($M) - Regional Industry Research
21.APAC Market By Technology Market 2023-2030 ($M)
21.1 Contact Market 2023-2030 ($M) - Regional Industry Research
21.2 Non-Contact Market 2023-2030 ($M) - Regional Industry Research
22.APAC Automotive Temperature Sensor Market By Usage Market 2023-2030 ($M)
22.1 Gas Market 2023-2030 ($M) - Regional Industry Research
22.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
22.3 Air Market 2023-2030 ($M) - Regional Industry Research
23.APAC Market By EV Application Market 2023-2030 ($M)
23.1 HVAC Market 2023-2030 ($M) - Regional Industry Research
23.2 Battery Market 2023-2030 ($M) - Regional Industry Research
23.3 Engine Market 2023-2030 ($M) - Regional Industry Research
23.4 Electric Motor Market 2023-2030 ($M) - Regional Industry Research
24.APAC Automotive Temperature Sensor Market By EV Charging Technology Market 2023-2030 ($M)
24.1 Wired Market 2023-2030 ($M) - Regional Industry Research
24.2 Wireless Market 2023-2030 ($M) - Regional Industry Research
25.MENA Market By Technology Market 2023-2030 ($M)
25.1 Contact Market 2023-2030 ($M) - Regional Industry Research
25.2 Non-Contact Market 2023-2030 ($M) - Regional Industry Research
26.MENA Automotive Temperature Sensor Market By Usage Market 2023-2030 ($M)
26.1 Gas Market 2023-2030 ($M) - Regional Industry Research
26.2 Liquid Market 2023-2030 ($M) - Regional Industry Research
26.3 Air Market 2023-2030 ($M) - Regional Industry Research
27.MENA Market By EV Application Market 2023-2030 ($M)
27.1 HVAC Market 2023-2030 ($M) - Regional Industry Research
27.2 Battery Market 2023-2030 ($M) - Regional Industry Research
27.3 Engine Market 2023-2030 ($M) - Regional Industry Research
27.4 Electric Motor Market 2023-2030 ($M) - Regional Industry Research
28.MENA Automotive Temperature Sensor Market By EV Charging Technology Market 2023-2030 ($M)
28.1 Wired Market 2023-2030 ($M) - Regional Industry Research
28.2 Wireless Market 2023-2030 ($M) - Regional Industry Research
LIST OF FIGURES
1.US Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)2.Canada Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
3.Mexico Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
4.Brazil Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
5.Argentina Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
6.Peru Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
7.Colombia Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
8.Chile Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
9.Rest of South America Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
10.UK Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
11.Germany Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
12.France Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
13.Italy Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
14.Spain Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
15.Rest of Europe Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
16.China Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
17.India Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
18.Japan Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
19.South Korea Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
20.South Africa Automotive Temperature Sensor Market Revenue, 2023-2030 ($M)
21.North America Automotive Temperature Sensor By Application
22.South America Automotive Temperature Sensor By Application
23.Europe Automotive Temperature Sensor By Application
24.APAC Automotive Temperature Sensor By Application
25.MENA Automotive Temperature Sensor By Application
26.Continental, Sales /Revenue, 2015-2018 ($Mn/$Bn)
27.Robert Bosch, Sales /Revenue, 2015-2018 ($Mn/$Bn)
28.Delphi, Sales /Revenue, 2015-2018 ($Mn/$Bn)
29.Sensata Technologies, Sales /Revenue, 2015-2018 ($Mn/$Bn)
30.TE Connectivity, Sales /Revenue, 2015-2018 ($Mn/$Bn)
31.NXP Semiconductors, Sales /Revenue, 2015-2018 ($Mn/$Bn)
32.Microchip, Sales /Revenue, 2015-2018 ($Mn/$Bn)
33.Analog Devices, Sales /Revenue, 2015-2018 ($Mn/$Bn)
34.Texas Instruments, Sales /Revenue, 2015-2018 ($Mn/$Bn)
35.Panasonic Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)
36.Murata, Sales /Revenue, 2015-2018 ($Mn/$Bn)
37.TDK Corporation, Sales /Revenue, 2015-2018 ($Mn/$Bn)