According to the new market research report “Automotive Temperature Sensor Market by Application (Engine, Exhaust, Seats), Product (Thermocouple, MEMS, IC Sensor), Usage, Technology, EV Application (Battery, Motor), EV Charging Tech (Wired, Wireless), Vehicle, and Region – Global Forecast to 2025″, published by MarketsandMarkets™, The global automotive temperature sensor market is estimated to be USD 7.70 billion in 2017 and is projected to reach USD 11.89 billion by 2025, at a CAGR of 5.58%.
Temperature sensor plays a major role in controlling emission. With emission standards becoming increasingly stringent, the manufacturers are focusing on developing new technologies to meet the legislation necessitating the release of cleaner exhaust gases.
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Browse and in-depth TOC on “Automotive Temperature Sensor Market” 108 – Tables
78 – Figures
182 – Pages
“MEMS technology is the fastest growing segment in automotive temperature sensor in 2017”
The MEMS segment is expected to grow at the highest rate during the forecast period. The ongoing trend of adopting bulk micromachining fabrications to manufacture components such as temperature sensors is driving the market for MEMS technology.
“Battery temperature sensor of an electric vehicle is estimated to grow at the highest rate during the forecast period”
The battery temperature sensor market is projected to grow at the highest CAGR during the forecast period. Battery temperature sensors are used in each cell of the battery to monitor temperature, thus, increasing the efficiency. The sensors monitor the chemical reaction temperature inside the battery, thus increasing the life of the battery. Henceforth, the high requirement of battery sensor in an electric vehicle is expected to boost the market for an automotive temperature sensor.
Major players profiled in the report are:
- Robert Bosch (Germany)
- Continental (Germany)
- Delphi (UK)
- NXP Semiconductors (Netherlands)
- Sensata (US)
- Murata (Japan)
- TDK Corporation (Japan)
- TE Connectivity (Switzerland)
- Panasonic (Japan)
- Microchip (US)
- Analog Devices (US)
“Asia Pacific is estimated to be the fastest growing automotive temperature sensor market”
The automotive temperature sensor market for the Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Factors such as the upcoming government norms for emission in developing countries and high production of vehicles are expected to drive the market growth in the region. For instance, India is likely to adopt BS6 norms by 2020.
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A thermistor temperature sensor is estimated to hold the largest market share from 2017 to 2025
Thermistors are more sensitive to temperatures with higher nominal resistance values than RTDs. The thermistors are used for engine application, exhaust applications etc. The combination of adaptability, robust design, low cost, and high-temperature sensing capacity makes thermistors a preferred temperature sensing technology of automotive system designers. The thermistor market is thus estimated to hold the largest share of the temperature sensor market.
Passenger Car Sensors Market by Application (Powertrain/Drivetrain, Exhaust, Interior/Comfort, DAS, & Body Control), by Sensor Type (Pressure, Temperature, Speed, O2/NOx, Position, & Others) & by Geography – Trends & Forecast to 2019