Report Description


Forecast Period

2025-2029

Market Size (2023)

USD 15.92 Billion

Market Size (2029)

USD 22.86 Billion

CAGR (2024-2029)

6.06%

Fastest Growing Segment

Passenger Car

Largest Market

Asia Pacific


Market Overview

Global Automotive Temperature Sensor Market was valued at USD 15.92 billion in 2023 and is anticipated to project robust growth in the forecast period with a CAGR of 6.06% through 2029. Government organizations in many countries are implementing safety and emission control standards that mandate the installation of sensors. Automotive companies are thereby required to comply with these safety and emission control regulations set by these authorities. This trend is expected to increase the demand for automotive temperature sensors over the forecast period. 


Following this trend, businesses like MS Motor service International GmbH introduced aftermarket exhaust gas temperature sensors with remarkable accuracy and temperature resistance ranging from - 40° to + 1,000°C. These sensors keep an eye on the flow of hot exhaust gas and guard against overheating temperature-sensitive parts like turbochargers. The control unit reacts appropriately to lower the temperature in the event of critical overheating, such as by lowering performance. Furthermore, one of the key factors boosting the market for automotive temperature sensors is the expanding automotive HVAC industry, which is making it easier for people to use temperature sensors more widely. Since temperature sensors can track the interior temperature of an automobile, they are the most widely used HVAC sensors.

Key Market Drivers

The global automotive temperature sensor market is propelled by several key drivers that collectively shape its trajectory, influencing the demand, adoption, and evolution of temperature sensing technologies within the automotive industry. One of the primary catalysts fueling this market is the persistent rise in global vehicle production. As the automotive sector continues its expansion to meet the increasing demand for vehicles worldwide, the need for robust temperature monitoring and control systems becomes paramount. Temperature sensors play a pivotal role in ensuring the optimal functioning of various components within vehicles, from engines to climate control systems, making them indispensable in the current automotive landscape.

Stringent emission regulations imposed by governments across the globe serve as another significant driver for the automotive temperature sensor market. In response to environmental concerns and the imperative to reduce pollution, regulatory bodies have implemented strict emission standards. This regulatory landscape has driven the automotive industry to adopt advanced engine management systems and technologies that heavily rely on temperature sensors. These sensors contribute to the optimization of combustion processes, aiding in emission control and compliance with stringent environmental standards. The surging demand for electric vehicles (EVs) represents a transformative force in the automotive industry and concurrently serves as a driver for the temperature sensor market. EVs, with their emphasis on sustainable and clean energy, necessitate precise temperature monitoring for effective battery management, electric motor cooling, and overall thermal management systems. As the adoption of electric vehicles grows, so does the demand for temperature sensors, cementing their role in the development of the EV ecosystem.

The continuous evolution of automotive technologies acts as a catalyst for the integration of temperature sensors into various vehicle systems. With the advent of autonomous vehicles, connected cars, and smart features, the complexity of automotive systems has increased. Temperature sensors play a critical role in these advanced systems, contributing to their efficiency, safety, and overall performance. As the automotive industry embraces these technological advancements, the demand for temperature sensors is set to rise further. Fuel efficiency and engine optimization remain at the forefront of automotive industry goals. Manufacturers are constantly striving to enhance fuel efficiency and optimize engine performance to meet both consumer expectations and regulatory requirements. Temperature sensors contribute significantly to these objectives by monitoring and controlling engine temperatures, thereby improving fuel efficiency and reducing emissions. This focus on performance and environmental sustainability further underscores the importance of temperature sensors in modern vehicles.

Consumer awareness is emerging as a powerful driver in the automotive temperature sensor market. As consumers become more conscious of vehicle safety, reliability, and efficiency, they seek vehicles equipped with advanced temperature monitoring systems. The role of temperature sensors in ensuring the safety and performance of vehicles aligns with consumer expectations, driving the adoption of these sensors as integral components in contemporary automobiles. The globalization of automotive supply chains has also played a pivotal role in the widespread integration of temperature sensors. Standardization across different regions, facilitated by global supply chains, has made temperature sensors a common feature in vehicles produced worldwide. This globalization has accelerated the adoption of advanced technologies, including temperature sensing solutions, as standard components in modern vehicles.

Technological innovations in sensor design, accuracy, and performance contribute to the dynamic landscape of the automotive temperature sensor market. Ongoing research and development activities result in the creation of miniaturized, highly accurate sensors that meet the evolving needs of the automotive industry. These innovations drive the continuous growth of the temperature sensor market, ensuring that these sensors remain at the forefront of technological advancements within the automotive sector. In conclusion, the global automotive temperature sensor market is propelled by a confluence of factors, including the growth in vehicle production, stringent regulations, the rise of electric vehicles, technological advancements, and shifting consumer preferences. As vehicles become more sophisticated, the role of temperature sensors becomes increasingly vital, positioning them as integral components in the drive towards safer, more efficient, and environmentally friendly automotive solutions.



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Key Market Challenges

The global automotive temperature sensor market, while experiencing significant growth, is not without its challenges. These challenges, ranging from technological hurdles to industry-specific issues, impact the market dynamics and the seamless integration of temperature sensors in vehicles. Understanding these challenges is crucial for stakeholders to navigate the market effectively and drive innovation in overcoming these obstacles.

One key challenge faced by the automotive temperature sensor market is the demand for sensors with higher precision and reliability. As vehicles become more advanced, requiring precise temperature control for various components, the need for sensors that can provide accurate readings in real-time becomes crucial. Achieving this level of precision presents a technological challenge, particularly when considering the harsh operating conditions within an automotive environment. The ability to develop sensors that can withstand extreme temperatures, vibrations, and other challenging conditions without compromising accuracy is a significant hurdle for manufacturers. The integration of temperature sensors in electric vehicles (EVs) introduces specific challenges. The burgeoning EV market demands temperature sensors that can effectively monitor and manage the thermal conditions of batteries, electric motors, and other critical components. Ensuring the safety and efficiency of EVs necessitates temperature sensors capable of handling high voltage environments and providing accurate readings in complex electric systems. As the EV market continues to expand, addressing these challenges is paramount for the seamless integration of temperature sensors in electric vehicles.

Another notable challenge is the increasing complexity of vehicle architectures and systems. The advent of connected cars, autonomous vehicles, and advanced driver-assistance systems (ADAS) has led to a surge in the number of sensors and electronic components within vehicles. This complexity poses integration challenges for temperature sensors, as they must coexist with various other sensors and systems, often in limited physical space. Coordinating the communication and data exchange between different sensors and systems while maintaining reliability and accuracy is a significant challenge for automotive temperature sensor manufacturers. The automotive industry's global nature poses challenges related to varying regulatory standards across regions. Different countries and regions may have distinct emission standards, safety regulations, and testing protocols. Adhering to these diverse standards requires flexibility and adaptability from temperature sensor manufacturers. Developing sensors that can meet the specific regulatory requirements of different markets without compromising performance or increasing costs is a complex task, requiring constant monitoring of regulatory changes and proactive adjustments to product offerings.

Cost considerations remain a perennial challenge in the automotive temperature sensor market. As vehicles incorporate more advanced technologies, the cost of sensors and related components becomes a significant factor influencing market adoption. Striking a balance between delivering high-quality, technologically advanced sensors and maintaining cost-effectiveness is a continuous challenge. The automotive industry is highly competitive, and manufacturers need to offer solutions that provide value without significantly inflating the overall cost of the vehicle.

Environmental sustainability is increasingly becoming a concern in the automotive industry, and temperature sensor manufacturers face the challenge of developing eco-friendly and energy-efficient sensors. Meeting sustainability goals while maintaining the performance and reliability of temperature sensors requires ongoing research and development efforts to explore materials and manufacturing processes that have minimal environmental impact. In conclusion, the global automotive temperature sensor market encounters several challenges that span technological, market-specific, and environmental aspects. Overcoming these challenges requires a collaborative effort from industry stakeholders, including manufacturers, regulatory bodies, and research institutions. Addressing issues related to precision, EV integration, system complexity, regulatory diversity, cost, and sustainability will be instrumental in ensuring the continued growth and success of the automotive temperature sensor market.

Key Market Trends

The global automotive temperature sensor market is characterized by several key trends that reflect the evolving landscape of the automotive industry. These trends, driven by technological advancements, regulatory changes, and shifts in consumer preferences, play a crucial role in shaping the trajectory of the market.

Rising Demand for Electric Vehicles (EVs): One prominent trend in the automotive temperature sensor market is the surging demand for electric vehicles. The growing emphasis on sustainable transportation has led to an increased adoption of electric powertrains. Temperature sensors are integral to EVs, as they monitor and manage the thermal conditions of batteries, electric motors, and other critical components. As the electric vehicle market expands, the demand for advanced temperature sensing solutions is on the rise, contributing significantly to the overall growth of the automotive temperature sensor market.

Integration of Advanced Driver-Assistance Systems (ADAS): The integration of Advanced Driver-Assistance Systems (ADAS) in vehicles is a key trend driving the automotive temperature sensor market. ADAS relies on a myriad of sensors, including temperature sensors, to enhance vehicle safety and provide semi-autonomous driving features. Temperature sensors play a crucial role in systems such as adaptive cruise control, lane departure warning, and automatic emergency braking, contributing to the overall safety and efficiency of modern vehicles. Adoption of Smart and Connected Cars: The automotive industry is witnessing a transformation with the advent of smart and connected cars. These vehicles are equipped with advanced sensors and communication technologies to enable connectivity, data exchange, and enhanced user experiences. Temperature sensors are vital components in these connected systems, contributing to climate control, engine optimization, and overall vehicle performance. As the demand for connected cars grows, the integration of temperature sensors for smart functionalities is becoming a pervasive trend in the market.

Miniaturization and Sensor Fusion: Technological advancements have led to the miniaturization of sensors, including temperature sensors, allowing for more compact and efficient designs. Miniaturization is particularly crucial in modern vehicles where space is limited. Additionally, the trend of sensor fusion, combining data from multiple sensors to enhance accuracy and reliability, is gaining momentum. Automotive temperature sensors are often integrated into sensor fusion systems, providing comprehensive data for advanced vehicle control and monitoring. Focus on Energy Efficiency and Thermal Management: With a growing emphasis on energy efficiency and sustainable practices, automotive manufacturers are increasingly incorporating advanced thermal management systems. Temperature sensors play a pivotal role in these systems by monitoring and controlling the temperature of various components, optimizing energy usage, and enhancing overall vehicle efficiency. This trend aligns with the industry's commitment to reducing environmental impact and improving fuel efficiency.

Emergence of Non-Intrusive and Wireless Sensors: Non-intrusive and wireless temperature sensors are gaining traction in the automotive industry. These sensors offer the advantage of easy installation without the need for physical contact with the components being monitored. Non-intrusive sensors are particularly useful in applications where traditional sensors may be challenging to implement. The adoption of wireless communication technology further simplifies sensor integration and allows for flexible placement within the vehicle.

Growing Emphasis on Automotive Safety: Safety remains a top priority in the automotive industry, and temperature sensors contribute significantly to ensuring the safety of vehicles. From monitoring engine temperature to preventing overheating, temperature sensors play a critical role in preventing potential safety hazards. As automotive safety standards continue to evolve, the integration of advanced temperature sensing technologies becomes imperative for compliance and enhanced safety features. In conclusion, the global automotive temperature sensor market is experiencing notable trends that underscore the industry's evolution toward electric vehicles, connected cars, and advanced safety and efficiency solutions. Manufacturers and stakeholders in the automotive ecosystem must remain attuned to these trends to stay competitive and meet the evolving demands of the market. The interplay of these trends reflects a dynamic and innovative landscape within the automotive temperature sensor market.

Segmental Insights

Vehicle Type Insights

The Passenger Type segment will dominate the market in the forecast period. Due to the rising purchasing power of the millennial population, the demand for passenger cars is growing, which results in increasing automotive sales.According to the OICA, approximately 70.5 million passenger cars were manufactured worldwide. The Utility Vehicles segment, including SUVs and MPVs, is gaining popularity due to elevated ride positions, versatile interior spaces, and enhanced fuel efficiency. Consequently, the increasing demand for passenger cars is anticipated to drive the need for temperature sensors in the coming years. Temperature sensors play a crucial role in passenger cars, particularly concerning stringent emission regulations, safety, and comfort. They find application across various systems, with primary focus on powertrain and HVAC systems, followed by body electronics and alternative fuel systems


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Regional Insights

Asia Pacific emerged as the dominating region in 2023, holding the largest market share. The growth of Asia-Pacific market can be attributed to the developing automotive industry in countries, such as China and India. As per the IBEF, India's automotive sector ascended to become the 4th largest globally, witnessing a 9.5% year-on-year sales surge to 4.02 million units. To match this rising demand, automotive manufacturers are significantly investing across various segments, anticipated to propel temperature sensor adoption. For instance, Mercedes Benz augmented its Chakan Plant capacity to 20,000 units annually, a record for luxury car manufacturing in India. Additionally, the electric vehicle market is thriving, especially in countries like China, fueled by subsidies and incentives. In 2018, China led the global electric car market, trailed by Europe and the United States. Honda Motors Company established its third factory in India in 2018, signaling a focus on hybrid and electric vehicle production. Such trends are poised to further influence the growth of the automotive temperature sensor market in the region

 

Key Market Players

  • NXP Semiconductors N.V.
  • Sensata Technologies Inc.
  • American Phenolic Corp.
  • Robert Bosch GmbH
  • Continental AG
  • Texas Instruments Inc.
  • TE Connectivity Ltd
  • Panasonic Corporation
  • Murata Manufacturing Co. Ltd.
  • TDK Corporation


By Vehicle Type

By Application

By Region

  • Passenger Cars  
  • Commercial Vehicles
  • Powertrain  
  • Body Electronics  
  • Alternative Fuel Vehicles  
  • Other
  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East & Africa


Report Scope:

In this report, the Global Automotive Temperature Sensor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

  • Automotive Temperature Sensor Market, By Vehicle Type:

o   Passenger Cars  

o   Commercial Vehicles

  • Automotive Temperature Sensor Market, By Application:

o   Powertrain  

o   Body Electronics  

o   Alternative Fuel Vehicles  

o   Other

  • Automotive Temperature Sensor Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

§  Netherlands

§  Belgium

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

§  Thailand

§  Malaysia

o   South America

§  Brazil

§  Argentina

§  Colombia

§  Chile

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

Competitive Landscape

Company Profiles: Detailed analysis of the major companies presents in the Global Automotive Temperature Sensor Market.

Available Customizations:

Global Automotive Temperature Sensor Market report with the given market data, Tech Sci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Global Automotive Temperature Sensor Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1.         Product Overview

1.1.    Market Definition

1.2.    Scope of the Market

1.2.1.Markets Covered

1.2.2.Years Considered for Study

1.2.3.Key Market Segmentations

2.         Research Methodology

2.1.    Objective of the Study

2.2.    Baseline Methodology

2.3.    Formulation of the Scope

2.4.    Assumptions and Limitations

2.5.    Sources of Research

2.5.1.Secondary Research

2.5.2.Primary Research

2.6.    Approach for the Market Study

2.6.1.The Bottom-Up Approach

2.6.2.The Top-Down Approach

2.7.    Methodology Followed for Calculation of Market Size & Market Shares

2.8.    Forecasting Methodology

2.8.1.Data Triangulation & Validation

3.         Executive Summary

4.         Impact of COVID-19 on Global Automotive Temperature Sensor Market

5.         Voice of Customer

6.         Global Automotive Temperature Sensor Market Overview

7.         Global Automotive Temperature Sensor Market Outlook

7.1.    Market Size & Forecast

7.1.1.By Value

7.2.    Market Share & Forecast

7.2.1.By Vehicle Type (Passenger Cars, Commercial Vehicles)

7.2.2.By Application (Powertrain, Body Electronics, Alternative Fuel Vehicles)

7.2.3.By Region

7.3.    By Company (2023)

7.4.    Market Map

8.         North America Automotive Temperature Sensor Market Outlook

8.1.    Market Size & Forecast

8.1.1.By Value

8.2.    Market Share & Forecast

8.2.1.By Vehicle Type

8.2.2.By Application

8.2.3.By Country

8.3.    North America: Country Analysis

8.3.1.United States Automotive Temperature Sensor Market Outlook

8.3.1.1.      Market Size & Forecast

8.3.1.1.1.    By Value

8.3.1.2.      Market Share & Forecast

8.3.1.2.1.               By Vehicle Type

8.3.1.2.2.               By Application

8.3.2.Canada Automotive Temperature Sensor Market Outlook

8.3.2.1.      Market Size & Forecast

8.3.2.1.1.    By Value

8.3.2.2.      Market Share & Forecast

8.3.2.2.1.               By Vehicle Type

8.3.2.2.2.               By Application

8.3.3.Mexico Automotive Temperature Sensor Market Outlook

8.3.3.1.      Market Size & Forecast

8.3.3.1.1.    By Value

8.3.3.2.      Market Share & Forecast

8.3.3.2.1.               By Vehicle Type

8.3.3.2.2.               By Application

9.         Europe Automotive Temperature Sensor Market Outlook

9.1.    Market Size & Forecast

9.1.1.By Value

9.2.    Market Share & Forecast

9.2.1.By Vehicle Type

9.2.2.By Application

9.2.3.By Country

9.3.    Europe: Country Analysis

9.3.1.Germany Automotive Temperature Sensor Market Outlook

9.3.1.1.      Market Size & Forecast

9.3.1.1.1.    By Value

9.3.1.2.      Market Share & Forecast

9.3.1.2.1.               By Vehicle Type

9.3.1.2.2.               By Application

9.3.2.France Automotive Temperature Sensor Market Outlook

9.3.2.1.      Market Size & Forecast

9.3.2.1.1.    By Value

9.3.2.2.      Market Share & Forecast

9.3.2.2.1.               By Vehicle Type

9.3.2.2.2.               By Application

9.3.3.United Kingdom Automotive Temperature Sensor Market Outlook

9.3.3.1.      Market Size & Forecast

9.3.3.1.1.    By Value

9.3.3.2.      Market Share & Forecast

9.3.3.2.1.               By Vehicle Type

9.3.3.2.2.               By Application

9.3.4.Italy Automotive Temperature Sensor Market Outlook

9.3.4.1.      Market Size & Forecast

9.3.4.1.1.    By Value

9.3.4.2.      Market Share & Forecast

9.3.4.2.1.               By Vehicle Type

9.3.4.2.2.               By Application

9.3.5.Spain Automotive Temperature Sensor Market Outlook

9.3.5.1.      Market Size & Forecast

9.3.5.1.1.    By Value

9.3.5.2.      Market Share & Forecast

9.3.5.2.1.               By Vehicle Type

9.3.5.2.2.               By Application

9.3.6.Netherlands Automotive Temperature Sensor Market Outlook

9.3.6.1.      Market Size & Forecast

9.3.6.1.1.    By Value

9.3.6.2.      Market Share & Forecast

9.3.6.2.1.               By Vehicle Type

9.3.6.2.2.               By Application

9.3.7.Belgium Automotive Temperature Sensor Market Outlook

9.3.7.1.      Market Size & Forecast

9.3.7.1.1.    By Value

9.3.7.2.      Market Share & Forecast

9.3.7.2.1.               By Vehicle Type

9.3.7.2.2.               By Application

10.      South America Automotive Temperature Sensor Market Outlook

10.1. Market Size & Forecast

10.1.1.     By Value

10.2. Market Share & Forecast

10.2.1. By Vehicle Type

10.2.2. By Application

10.2.3. By Country

10.3. South America: Country Analysis

10.3.1.     Brazil Automotive Temperature Sensor Market Outlook

10.3.1.1.   Market Size & Forecast

10.3.1.1.1. By Value

10.3.1.2.   Market Share & Forecast

10.3.1.2.1.            By Vehicle Type

10.3.1.2.2.            By Application

10.3.2.     Colombia Automotive Temperature Sensor Market Outlook

10.3.2.1.   Market Size & Forecast

10.3.2.1.1. By Value

10.3.2.2.   Market Share & Forecast

10.3.2.2.1.            By Vehicle Type

10.3.2.2.2.            By Application

10.3.3.     Argentina Automotive Temperature Sensor Market Outlook

10.3.3.1.   Market Size & Forecast

10.3.3.1.1. By Value

10.3.3.2.   Market Share & Forecast

10.3.3.2.1.            By Vehicle Type

10.3.3.2.2.            By Application

10.3.4.     Chile Automotive Temperature Sensor Market Outlook

10.3.4.1.   Market Size & Forecast

10.3.4.1.1. By Value

10.3.4.2.   Market Share & Forecast

10.3.4.2.1.            By Vehicle Type

10.3.4.2.2.            By Application

11.      Middle East & Africa Automotive Temperature Sensor Market Outlook

11.1. Market Size & Forecast

11.1.1.     By Value

11.2. Market Share & Forecast

11.2.1. By Vehicle Type

11.2.2. By Application

11.2.3. By Country

11.3. Middle East & Africa: Country Analysis

11.3.1.     Saudi Arabia Automotive Temperature Sensor Market Outlook

11.3.1.1.   Market Size & Forecast

11.3.1.1.1. By Value

11.3.1.2.   Market Share & Forecast

11.3.1.2.1.            By Vehicle Type

11.3.1.2.2.            By Application

11.3.2.     UAE Automotive Temperature Sensor Market Outlook

11.3.2.1.   Market Size & Forecast

11.3.2.1.1. By Value

11.3.2.2.   Market Share & Forecast

11.3.2.2.1.            By Vehicle Type

11.3.2.2.2.            By Application

11.3.3.     South Africa Automotive Temperature Sensor Market Outlook

11.3.3.1.   Market Size & Forecast

11.3.3.1.1. By Value

11.3.3.2.   Market Share & Forecast

11.3.3.2.1.            By Vehicle Type

11.3.3.2.2.            By Application

11.3.4.     Turkey Automotive Temperature Sensor Market Outlook

11.3.4.1.   Market Size & Forecast

11.3.4.1.1. By Value

11.3.4.2.   Market Share & Forecast

11.3.4.2.1.            By Vehicle Type

11.3.4.2.2.            By Application

12.      Asia Pacific Automotive Temperature Sensor Market Outlook

12.1. Market Size & Forecast

12.1.1.     By Value

12.2. Market Share & Forecast

12.2.1. By Vehicle Type

12.2.2. By Application

12.2.3. By Country

12.3. Asia-Pacific: Country Analysis

12.3.1.     China Automotive Temperature Sensor Market Outlook

12.3.1.1.   Market Size & Forecast

12.3.1.1.1. By Value

12.3.1.2.   Market Share & Forecast

12.3.1.2.1.            By Vehicle Type

12.3.1.2.2.            By Application

12.3.2.     India Automotive Temperature Sensor Market Outlook

12.3.2.1.   Market Size & Forecast

12.3.2.1.1. By Value

12.3.2.2.   Market Share & Forecast

12.3.2.2.1.            By Vehicle Type

12.3.2.2.2.            By Application

12.3.3.     Japan Automotive Temperature Sensor Market Outlook

12.3.3.1.   Market Size & Forecast

12.3.3.1.1. By Value

12.3.3.2.   Market Share & Forecast

12.3.3.2.1.            By Vehicle Type

12.3.3.2.2.            By Application

12.3.4.     South Korea Automotive Temperature Sensor Market Outlook

12.3.4.1.   Market Size & Forecast

12.3.4.1.1. By Value

12.3.4.2.   Market Share & Forecast

12.3.4.2.1.            By Vehicle Type

12.3.4.2.2.            By Application

12.3.5.     Australia Automotive Temperature Sensor Market Outlook

12.3.5.1.   Market Size & Forecast

12.3.5.1.1. By Value

12.3.5.2.   Market Share & Forecast

12.3.5.2.1.            By Vehicle Type

12.3.5.2.2.            By Application

12.3.6.     Thailand Automotive Temperature Sensor Market Outlook

12.3.6.1.   Market Size & Forecast

12.3.6.1.1. By Value

12.3.6.2.   Market Share & Forecast

12.3.6.2.1.            By Vehicle Type

12.3.6.2.2.            By Application

12.3.7.     Malaysia Automotive Temperature Sensor Market Outlook

12.3.7.1.   Market Size & Forecast

12.3.7.1.1. By Value

12.3.7.2.   Market Share & Forecast

12.3.7.2.1.            By Vehicle Type

12.3.7.2.2.            By Application

13.      Market Dynamics

13.1. Drivers

13.2. Challenges

14.      Market Trends and Developments

15.      Company Profiles

15.1.  NXP Semiconductors N.V.

15.1.1.     Business Overview

15.1.2.     Key Revenue and Financials  

15.1.3.     Recent Developments

15.1.4.     Key Personnel/Key Contact Person

15.1.5.     Key Product/Services Offered

15.2.  Sensata Technologies Inc.

15.2.1.     Business Overview

15.2.2.     Key Revenue and Financials  

15.2.3.     Recent Developments

15.2.4.     Key Personnel/Key Contact Person

15.2.5.     Key Product/Services Offered

15.3.  American Phenolic Corp. 

15.3.1.     Business Overview

15.3.2.     Key Revenue and Financials  

15.3.3.     Recent Developments

15.3.4.     Key Personnel/Key Contact Person

15.3.5.     Key Product/Services Offered

15.4.  Robert Bosch GmbH

15.4.1.     Business Overview

15.4.2.     Key Revenue and Financials  

15.4.3.     Recent Developments

15.4.4.     Key Personnel/Key Contact Person

15.4.5.     Key Product/Services Offered

15.5.  Continental AG

15.5.1.     Business Overview

15.5.2.     Key Revenue and Financials  

15.5.3.     Recent Developments

15.5.4.     Key Personnel/Key Contact Person

15.5.5.     Key Product/Services Offered

15.6.  Texas Instruments Inc.

15.6.1.     Business Overview

15.6.2.     Key Revenue and Financials  

15.6.3.     Recent Developments

15.6.4.     Key Personnel/Key Contact Person

15.6.5.     Key Product/Services Offered

15.7.  TE Connectivity Ltd.

15.7.1.     Business Overview

15.7.2.     Key Revenue and Financials  

15.7.3.     Recent Developments

15.7.4.     Key Personnel/Key Contact Person

15.7.5.     Key Product/Services Offered

15.8.  Panasonic Corporation

15.8.1.     Business Overview

15.8.2.     Key Revenue and Financials  

15.8.3.     Recent Developments

15.8.4.     Key Personnel/Key Contact Person

15.8.5.     Key Product/Services Offered

15.9.  Murata Manufacturing Co. Ltd.

15.9.1.     Business Overview

15.9.2.     Key Revenue and Financials  

15.9.3.     Recent Developments

15.9.4.     Key Personnel/Key Contact Person

15.9.5.     Key Product/Services Offered

15.10.   TDK Corporation  

15.10.1.   Business Overview

15.10.2.   Key Revenue and Financials  

15.10.3.   Recent Developments

15.10.4.   Key Personnel/Key Contact Person

15.10.5.   Key Product/Services Offered

16.      Strategic Recommendations

17. About Us & Disclaimer

Figures and Tables

Frequently asked questions

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The market size of the Global Automotive Temperature Sensor Market was USD 15.92 billion in 2023, due to several factors. These include the growing automotive industry, particularly in regions like Asia Pacific, advancements in sensor technology, increasing adoption of electric vehicles, and stringent regulations related to emissions and vehicle safety driving the demand for temperature sensors in automobiles.

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The Passenger cars segment demonstrated significant dominance in 2023, due to rising consumer demand for comfort and safety features in vehicles. The increasing incorporation of temperature sensors in passenger cars for climate control, engine monitoring, and cabin comfort contributed to this segment's substantial market share.

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In 2023, Asia Pacific dominated the Global Automotive Temperature Sensor Market due to the region's robust automotive industry, particularly in countries like China, Japan, and South Korea. The increasing production and adoption of vehicles, coupled with stringent emission regulations, drove the demand for temperature sensors in automotive applications, solidifying Asia Pacific's market leadership.

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The Global Automotive Temperature Sensor Market is primarily driven by increasing demand for advanced driver assistance systems (ADAS) and stringent emission regulations, prompting the adoption of temperature sensors for engine management. Additionally, the rise in electric vehicles and advancements in sensor technology contribute to market growth.

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Sakshi Bajaal

Business Consultant
Press Release

Automotive Temperature Sensor Market is expected to grow at a CAGR of 6.06% through 2029

Mar, 2024

Increasing Vehicle Production and Stringent Emission Regulations are factors driving the Global Automotive Temperature Sensor Market in the forecast period 2025-2029