Stringent Emission Norms for Automobiles drives Automotive Temperature Sensor Market

According to the 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 increasing demand for the high-performance engine would propel the demand for automotive temperature sensor. Also, Tier 1 manufacturers are forming collaborations and joint ventures to offer advanced technology and innovative products.

Market is estimated to be USD 62.53 billion in 2017, and is projected to reach USD 92.59 billion by 2022, at a CAGR of 8.17% during the forecast period. The base considered for the study is 2016, and the forecast period is 2017 to 2022.

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Continental AG is one of the top 5 automotive suppliers in the world. The company established its automotive system’s division in 1995 to further expand its systems business within the automotive industry. It operates in two business groups—automotive group and rubber group. The company provides a wide range of automotive sensors such as position sensor, mass airflow sensor, temperature sensor, and smart NOx sensor. The company invests heavily in research and development to innovate new technologies. For instance, in 2015, the company inaugurated a 13,000 square meter facility to expand its R&D capabilities in Bangalore (India). This facility would help to meet the increasing demand for engineering and software development skills and support the global R&D projects and local customers.

TDK Corporation is another key player in the automotive temperature sensor market. The company offers negative temperature coefficient thermistor for automotive application. The company focuses on mergers & acquisitions to stay ahead of its competitors and increase its product capabilities. For instance, in May 2017, TDK acquired InvenSense for innovating next-generation products and provide a new platform with sensor fusion that combines various sensor technologies.

The automotive temperature sensors are used for sensing the temperature of liquid and gases in a vehicle. Hence, they are used in various components of a vehicle to sense and monitor the temperature. The automotive temperature sensor market is segmented by application into the engine, transmission, engine, HVAC, exhaust, and thermal seats. The engine is estimated to hold the largest share of the market, by application. Automotive temperature sensors for the engine are used in the engine air intake and cooling fluid.

By product, the market for MEMS temperature sensors is estimated to experience the highest growth during the forecast period. With the development of advanced technologies, the use of advanced MEMS temperature sensors has increased. MEMS, IC sensors, and infrared temperature sensors are expected to be future technologies, due to increasing luxury vehicles around the globe and reduction of the wiring harness. The MEMS temperature sensors are widely used in all major advanced applications of electric as well as conventional vehicles.

Target Audience of Automotive Temperature Sensor Market

• Automotive OEMs
• Electronic component manufacturers
• Electric vehicle manufacturers
• Industry associations and experts
• Raw material manufacturers
• Raw material suppliers

The global automotive temperat

ure sensor market is dominated by a few players such as Robert Bosch (Germany), Continental (Germany), Panasonic (Japan), Delphi (UK), and TDK Corporation (Japan).

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