According to MRFR, the automotive temperature sensor market is poised to surge at approximately CAGR during the period
Market Highlights
The factors responsible for the growth of
the automotive temperature sensor market are engine control unit, strict emission
standards, increasing fuel efficiency requirements and improved vehicle safety.
The desire of the manufacturer to understand the performance and operating
condition of the vehicle is expected to drive growth in the demand for
automotive engine temperature sensors during the forecast period. Strict
emission standards would allow significant car manufacturers to implement
state-of-the-art detection technologies such as infrared temperature sensors.
Manufacturers develop expertise in sensor technology to withstand the dynamic
automotive development environment.
Increasing knowledge among manufacturers of
temperature sensor technologies such as MEMs, I.C. sensors, and Infrared
sensors are likely to increase the vehicle architecture’s effectiveness. The
manufacturers are developing new sensor technologies to calculate engine
parameter temperature gradient on various road conditions. Moreover, OEMs and
Tier-1 manufacturers in general concentrate on low cost and long-lasting
temperature sensors to monitor high temperatures. Advanced technologies such as
high-heat resistance fabrics, hybrid sensor solutions and nanotechnology will
play a pivotal role in developing high-performance and reliable temperature
sensors.
Market Segmentation
The demand for automotive temperature
sensors is segmented by applications, type of device, and type of vehicle.
The market is segmented as fuel, exhaust
and seats upon application. For vehicle design, one of the main applications
for temperature sensors is engine power management.
The market is segmented by product types
such as MEMS, I.C. sensor and Infrared sensor. Infrarot sensors are also
becoming more popular in high-temperature applications.
The market is segmented based on the types
of vehicles used as passenger and commercial vehicles. The number of
temperature sensor applications in passenger vehicles is higher than in
commercial vehicles.
Regional Outlook
The market is segmented into regions that
include America, Asia Pacific, Europe and the rest of the world.
Asia Pacific area is projected to dominate
the market in the future because of growing demand in Japan and South Korea for
automotive electronics. The cost-effective temperature sensors will drive the
demand as consumer development moves to developing countries. The manufacturers
in the newer vehicles continue to demand durable construction, low-cost and
high-temperature sensors inside the car. The increasing demand for the new
vehicle’s fuel-efficient technology would result in increased demand for
temperature sensors in vehicles. Manufacturers are seeking to focus on the
demand for passenger cars to catch the bulk of revenue. The increasing demand
for passenger vehicles with the latest detection technology installed will
result in temperature sensor growth in the vehicles. That will drive the Asia
Pacific region market.
Specific possible automotive
temperature sensor markets size are the Americas, owing to U.S. rules and
regulations. Environmental manufacturing agency. This will increase the demand
for small dimensions, higher precision and longer-lasting sensors. The
manufacturers focus on the materials of the new generation such as organic and
biosensors to meet new powertrain requirements and engine control management
system. The manufacturers should play an essential role in achieving
cost-effective sensor development solutions. However, developments in
technology in contactless sensors such as infrared sensors and wireless sensors
will improve the overall temperature monitoring device dynamics. Furthermore,
developing countries like Brazil and Russia should play a crucial role in the rising
temperature sensor market share.
Competitive Dynamics
The key players in automotive temperature
sensor market are Continental (Germany), Aptiv PLC (U.K.), Panasonic (Japan),
TDK Corporation (Japan), Robert Bosch (Germany), T.E. Connectivity Ltd
(Switzerland), RoHM Co. Ltd. (Japan), T.T. Electronics (U.K.), Microchip
Technology Inc. (U.S.), ZF TRW Automotive (U.S.) and RFMicron (U.S.).
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