Automotive Temperature Sensors Market by Application and Geography - Forecast and Analysis 2021-2025

  • Published: Jan 2021
  • Pages: 120
  • SKU: IRTNTR46506
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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

Automotive-Temperature-Sensors-Market-Market-Size-2020-2025

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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

  • The growing concern about the safety and security in vehicles as one of the primary factors that will fuel the growth of the automotive temperature sensors market in the coming years. 
  • The advanced electronic control unit provides smooth operations, such as driver assistance through navigation systems, in-vehicle infotainment through audio-video devices, and internet facility through in-built or plug-in modems.
  • Electronic stability and traction control help in maintaining the steering control and sensors of the airbags. 
  • This method helps in uplifting awareness and safety standards in a vehicle. 
  • The growing automotive HVAC market to enable wider adoption of temperature sensors is one of the key automotive temperature sensor market trends.
  • In regions such as North America and Europe, the penetration percentage of the HVAC system is very high as compared to emerging economies.
  • With the growing disposable income and availability of financing options in the emerging countries, the consumers are inclining toward vehicles integrated with HVAC systems.
  • Technological advancement also plays a pivotal role in determining the rate of adoption.

 

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Automotive Temperature Sensors Market: Segmentation by Geography

Automotive-Temperature-Sensors-Market-Market-Share-by-Region-2020-2025

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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

Automotive-Temperature-Sensors-Market-Market-Share-by-Application-2020-2025

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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.    

 

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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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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020-2025

    Five Forces Analysis

    • Five forces summary
    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    Market Segmentation by Application

    • Market segments
    • Comparison by Application
    • Passenger cars - Market size and forecast 2020-2025
    • Commercial vehicles - Market size and forecast 2020-2025
    • Market opportunity by Application

    Customer landscape

      Geographic Landscape

      • Geographic segmentation
      • Geographic comparison
      • APAC - Market size and forecast 2020-2025
      • Europe - Market size and forecast 2020-2025
      • North America - Market size and forecast 2020-2025
      • South America - Market size and forecast 2020-2025
      • MEA - Market size and forecast 2020-2025
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Vendor landscape
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • 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.

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
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      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
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      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      The automotive temperature sensors market growth will increase by $1380.38 million during 2020-2025.
      The automotive temperature sensors market is expected to grow at a CAGR of 6.79% during 2020-2025.
      Technavio has segmented the automotive temperature sensors market by application (Passenger cars and Commercial vehicles) and geographic (APAC, Europe, North America, South America, and MEA).
      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. are a few of the key vendors in the automotive temperature sensors market.
      APAC will register the highest growth rate of 58.76% among the other regions. Therefore, the automotive temperature sensors market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the automotive temperature sensors market growth are:
      • Increasing focus of governments on minimizing carbon emissions
      The automotive temperature sensors market vendors should focus on grabbing business opportunities from the passenger cars segment as it accounted for the largest market share in the base year.
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