The Automotive Temperature Sensor Market size was valued at $3.6 billion in 2021, estimated to grow at a CAGR of 5.6% during 2022-2027. The shift toward digitalization in automotive electronics has led to the rise of IoT in the sector which has further fueled the growth of Automotive Temperature Sensors. Furthermore, the digital revolution in the sensing industry has enhanced the manufacturers to design and develop new Temperature Sensors that utilize a digital interface with low interface for the automotive sector. In addition, the growing use of Automotive Temperature Sensors in the electric vehicle marketplace is further driving the growth of the Automotive Temperature Sensors market during the forecast period. The rising usage of thermocouples, thermistors and resistance temperature detectors (RTDs) is set to drive market growth. The major growth drivers that impact the Automotive Temperature Sensors market are new technological advancements as well as growing automotive demand.
Report Coverage
The report: “Automotive Temperature Sensor Industry Outlook (2022-2027)”, by IndustryARC, covers an in-depth analysis of the following segments of the Automotive Temperature Sensor Industry.
By Type: Contact, Non-Contact.
By Function: Analog, Digital.
By Product Type: Resistance Temperature Detector (RTD), ICs, Thermistor, Thermostat, Thermocouple Thermometer, Infrared Sensors and Others.
By Fuel Type: Petrol, Diesel, Hybrid, Electric and Others
By Application: HVAC, Engine, Battery, Electric Motor, Exhaust, Fuel System and Others
By Vehicle Type: Passenger Vehicles, LCV, HCV
By Geography: North America (U.S, Canada, Mexico), South America(Brazil, Argentina and others), Europe(Germany, UK, France, Italy, Spain, Russia and Others), APAC(China, Japan India, SK, Aus and Others), and RoW (Middle east and Africa).
Key Takeaways
- In 2021, the Automotive Temperature Sensors market was dominated by Asia Pacific owing to the growth of the automotive manufacturing sector in the countries such as China and India.
- The demand for ADAS Solutions in vehicles is highly enhancing the growth of the Automotive Temperature Sensors market. Moreover, the growing demand for connected vehicles are highly propelling the market’s growth.
- With the increasing demand for internet of things (IoT) powered devices including automotive control systems and connected vehicles are leading to increased focus on temperature sensor adoption thereby expanding the market’s growth.
