The automotive temperature sensors market size has the potential to grow by USD 1.38 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 6.79%.
This report provides a detailed analysis of the market by application (passenger cars and commercial vehicles), geography (APAC, Europe, North America, South America, and MEA), and key vendors.
Market Overview
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Market Competitive Analysis
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- AB Elektronik GmbH
- Amphenol Advanced Sensors
- Microchip Technology Inc.
- Panasonic Corp.
- Robert Bosch GmbH
- SENSATA TECHNOLOGIES HOLDING PLC
- TDK Corp.
- Texas Instruments Inc.
- Thermik Gerätebau GmbH
- Vishay Intertechnology Inc.
The automotive temperature sensors market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market. Click here to uncover other successful business strategies deployed by the vendors.
The market players also significantly leverage external market drivers such as the automobile electronics market growing concern about safety and security in vehicles to achieve growth opportunities. However, factors such as declining automotive production will challenge the growth of the market participants. To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the automotive temperature sensors market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
This automotive temperature sensors market analysis report also provides detailed information on the upcoming trends and challenges that will influence market growth. This will help companies create strategies to make the most of their future growth opportunities.
Automotive Temperature Sensors Market: Key Drivers and Trends
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Automotive Temperature Sensors Market: Segmentation by Geography
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59% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for automotive temperature sensors in APAC. Market growth in this region will be faster than the growth of the market in other regions.
Rapid industrialization is one of the prime factors that will facilitate the automotive temperature sensors market growth in APAC over the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.
Automotive Temperature Sensors Market: Segmentation by Application
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The passenger vehicle segment dominates the automotive industry based on both volume and value. Emerging countries are witnessing an increase in the demand for passenger vehicles. Asia is expected to become a key market for passenger vehicles, with a strong middle-class population stimulated with economic growth. During the forecast period, advances in automotive designs are expected to drive the demand for temperature sensors among automakers. However, the market segment will record a slow growth rate during the forecast period.
However, the post COVID-19 impact has brought forth a slowdown in the passenger vehicle segment for the product. Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the automotive temperature sensors market size.
Automotive Temperature Sensors Market: Key Highlights of the Report for 2021-2025
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive automotive temperature sensors market growth during the next five years
- Precise estimation of the automotive temperature sensors market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the automotive temperature sensors industry across APAC, Europe, North America, South America, and MEA
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of automotive temperature sensors market vendors
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