Automotive Temperature Sensor Market Highlights:
The factors that are responsible for the growth of automotive temperature sensor market during the forecast period are growing automotive industry with fuel efficient technologies, increase in demand for engine control management system and changing regulatory norms by the government. Manufacturers are developing new detecting technologies, which can uphold the new regulatory compliances on emission technology. The market of automotive temperature sensor is expected to grow at 6 % CAGR during the forecast period.
Key players in automotive temperature sensor market are –
Continental AG (Germany), Aptiv PLC (U.K.), Denso Corporation (Japan), Eaton Corporation PLC (US), Federal-Mogul Holdings Corp (U.S.), FTE Automotive GmBH (Germany), Hitachi Ltd (Germany), and Knorr-Bremse AG (Germany).
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On the basis of region, the market is segmented into North America, Asia Pacific, Europe, and Rest of the World. In Asia Pacific region, there is an increase in the production of automotive electronics in countries such as Japan and South Korea. As market growth is shifted to developing countries, cost-effective temperature sensors will drive the market. In the newer vehicles, the manufacturers tend to demand robust design, low-cost and high-temperature range sensors in the vehicle. This growing demand for the fuel-efficient technology in the newer vehicle will result in the growing demand for temperature sensor in the vehicles. Manufacturers are trying to focus on the passenger vehicle market to capture the major part of revenue.
The growing demand for passenger vehicles with installed latest detecting technology, will result in the growth of temperature sensor in the vehicles. This will drive the market in Asia Pacific region. In the Americas, the stringent norms and regulatory compliance by U.S. Environment Agency will compel the manufacturers to produce reliable automotive sensor. This will raise the demand for small dimension, higher accuracy and durable sensors. The manufacturers are focusing on the new generation’s materials such as organic and biosensors to cater new requirements of powertrain and engine control management system. The manufacturers will play a significant role in attaining cost-effective technological solution for sensors. However, technology advancements in contactless sensors such as Infrared sensors, and the wireless sensor, will improve the overall dynamics of temperature monitoring system.
Scope of the Report
This study provides an overview of the global automotive temperature sensor market, tracking three market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region.
The scope of the study segments the global automotive temperature sensors market by its application, product type, and vehicle type, and regions.
By Product Type:
Infrared Temperature Sensor
By Vehicle Type:
Rest of the World
Browse more details about “Automotive Temperature Sensor Market Research Report – Forecast to 2023” at: https://www.marketresearchfuture.com/reports/automotive-temperature-sensor-market-5683
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