Automotive Temperature Sensor Market to grow at 6% compound annual growth rate by 2018 to 2023, according to “Global Automotive Temperature Sensor Market Size, Share, Trends, Growth and Regional Forecast Industry Report” published by Market Research Future. This report comprises comprehensive information on Automotive Temperature Sensor Market Forecast data up to 2023, with historic and current market information Automotive Temperature Sensor Industry analysis done by Application (Engine, Exhaust and Seats), Product Type (MEMS, IC sensors and Infrared Temperature Sensors), Vehicle Type (Passenger Car and Commercial Vehicle), and Region.
Automotive Temperature Sensor Market Key Companies Analyzed in This Report Are: Robert Bosch (Germany), Aptiv PLC (U.K.), Continental (Germany), Panasonic (Japan), TDK Corporation (Japan), TE Connectivity Ltd (Switzerland), RoHM Co. Ltd. (Japan), Microchip Technology Inc. (U.S.), TT Electronics (U.K.), ZF TRW Automotive (U.S.) and RFMicron (U.S.).
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Global 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.
Increase in awareness of temperature sensor technologies such as MEMs, IC sensors and Infrared sensors among the manufacturers are likely to improve the efficacy of the vehicle architecture. The manufacturers are testing new sensor technologies to measure the temperature gradient of engine parameters on different road conditions. Major parameters measured by the temperature sensors are passenger comfort, engine efficiency and performance.
Questions Answered in Report:
What will be the market size, share forecast?
What are the drivers and challenges of the market?
What are the upcoming trends in the Automotive Temperature Sensor Market?
Which are the key vendors operating in the market?
Which region going to dominate Automotive Temperature Sensor Market In Coming Years?
Automotive Temperature Sensor Market Segments Analysis:
The automotive temperature sensor market is segmented based on applications, product type, and vehicle types. On the basis of application, the market is segmented as engine, exhaust and seats. One of the major applications for temperature sensors in vehicle architecture is engine control management. The market is segmented based on product types as MEMS, IC sensor and Infrared temperature sensor. Furthermore, infrared sensors are gaining popularity in high-temperature applications.
The market is segmented based on vehicle types as passenger vehicles and commercial vehicles. The number of applications of temperature sensors in passenger vehicles is higher as compared to commercial vehicles. Thus, the automotive temperature sensor market is expected to grow at approximately 6% CAGR during the period 2017 to 2023.
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.
Market Research Future (MRFR) employs innovative statistical algorithms for gathering impactful market insights that can drive business decisions. An in-depth analysis of constantly evolving market trends combined with a study of historical data is leveraged for providing accurate competitive intelligence. The statistical observations made in our reports are backed by data procured through extensive primary and secondary research which include interviews with stakeholders, SEC filings, whitepaper references, annual reports of key players, etc. Top-down and bottom-up approaches are employed for authenticating the credibility of the market foresight delivered. A multi-layer verification process reaffirms the market size and revenue estimation. MRFR strives to provide reliable and transparent information that helps clients in developing growth strategies.
The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
Table Of Contents:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Stud
2.1.2 Research Objective
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
4.2 Forward Collision Warning
4.3 Dynamic Brake Support
4.4 Crash Imminent Braking
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