Global Automotive Temperature Sensors Market - Segmented by vehicle type (light commercial vehicles, heavy commercial vehicles, alternative fuel vehicles), by application, and Region - Growth, Trends and Forecasts (2018 - 2023)

The automotive temperature sensor market is projected to register a moderate CAGR of nearly 6.47% during 2018 - 2023 (the forecast period). The report includes regions like North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. Based on type of the vehicles, the studied market has been segmented into light commercial vehicles, heavy commercial vehicles, and alternative fuel vehicles. On the basis of application, it is limited to powertrain and body electronics.

In Terms of Product Type, the Passenger Cars Segment Accounted for the Highest Market Share

Due to the rising purchasing power of the millennial population, the demand for passenger cars is growing, which resulting in growing automotive sales. For an average consumer, truck is an reliable option, as it has good fuel efficiency and safety features. These factors drive the growth of heavy weight vehicles. Premium vehicles and utilities continue to drive the sales rate of light vehicles, which cumulatively is expected to contribute to a growth in demand for temperature sensors during the forecast period.

General Applications of Temperature Sensors

Temperature sensors are used for a wide range of applications. The most significant and conventional applications are power train and HVAC systems, followed by body electronics and alternative fuel. Growing demand from customers for automatic control of systems, information about a vehicle’s status, and government support for the utilization of alternative fuels have led to an increase in the demand for automotive temperature sensors.

Asia-Pacific to be the Primary Market for Automotive Temperature Sensors

The growth of Asia-Pacific market can be attributed to the developing automotive industry in countries, such as China and India. The regulations imposed, regarding safety and emission controls, in North America, Europe, and Latin America, are expected to boost the market significantly during the forecast period. The Middle East & African market is likely to witness a stagnant growth during the forecast period.

Key Recent Developments

• January 2018: Continental launched its latest innovation in the exhaust gas sensor technology to the Chinese market, to lower vehicle emissions. Both, the high temperature sensor (HTS) and the differential pressure sensor (DPS) provide data for closer control of emission-relevant exhaust gas after-treatment.
Key Companies Delphi Automotive Llp, Robert Bosch GmbH, NXP Semiconductor, Continental AG, Panasonic Corporation, Jiangxi Haofeng Electric Appliances Co., Ltd, Okazaki Manufacturing Company, Sensata Technologies, Inc., Amphenol Advanced Sensors, And QTI Sensing Solutions, amongst others.

Reasons to Purchase this Report

• Current and future of automotive temperature sensors market outlook in the developed and emerging markets
• Analyzing various perspectives of the market with the help of Porter’s five forces analysis
• The segment that is expected to dominate the market
• Regions that are expected to witness fastest growth during the forecast period
• Identify the latest developments, market shares and strategies employed by the major market players.
• 3 months analyst support along with the Market Estimate sheet (in excel).

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This market study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds light on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.

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