Automotive Temperature Sensors Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

Published: Jan 2021

Pages: 120

SKU: IRTNTR46506

Snapshot

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:

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

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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.

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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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Table of Contents

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

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

Appendix

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

Methodology

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.

INFORMATION 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

DATA 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

REPORT 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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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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