Global Automotive Temperature Sensors Market to grow at a CAGR of 5.83% during the period 2017 - 2021; Finds New Report

Report forecast the global automotive temperature sensors market to grow at a CAGR of 5.83% during the period 2017-2021.

Temperature sensors are used to measure the temperature by converting thermal energy into electrical energy, which is used to interpret the temperature. The rising requirement for precise measurements and data drove the demand for the automotive temperature sensors in a wider segment of passenger cars, especially mid-segment cars. The report covers only automotive temperature sensors.

The report covers the present scenario and the growth prospects of the global automotive temperature sensors market for 2017-2021. To calculate the market size, the report considers the revenue generated from unit shipments of temperature sensors.

The market is divided into the following segments based on geography:

• Americas
• APAC
• EMEA

According to the report, one of the major drivers for this market is increasing end-user concerns regarding vehicle security, environmental safety, and need for better performance. The automotive industry has been witnessing a growing consumer demand for fuel-efficiency, safety, reduced emissions in the interests of promoting a better driving and travel experience. This is increasing the number of temperature sensors that increase the efficiency of powertrain operation and provide comfort through climate control. Pressure sensors, position sensors, temperature sensors, and speed sensors are some of the sensors that offer high efficiency to the powertrain.

Further, the report states that one of the major factors hindering the growth of this market is commoditization in automotive MEMS sensors. MEMS sensors are adopted in the automotive segment for quite some time owing to the compact size and smaller external packaging than traditional technologies. The MEMS technology has a penetration rate of about 90% in the pressure sensors category, and other applications such as safety systems that are mandated by government authorities will saturate the developed markets such as the US and Europe. Therefore, subsequent growth will be organic through emerging markets such as India, China, and Brazil.

Global Automotive Temperature Sensors Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the global automotive temperature sensors market: Continental, Sensata Technologies, Bosch, Delphi, and NXP Semiconductors.

Other Prominent Vendors in the market are: Amphenol, DENSO, EPCOS, and Texas Instruments.

Market driver

• Increasing end-user concerns regarding vehicle security, environmental safety, and need for better performance
• For a full, detailed list, view our report

Market challenge

• Commoditization in automotive MEMS sensors
• For a full, detailed list, view our report

Market trend

• Growing popularity of multi-climate control systems in wider automotive segment to drive adoption of temperature sensors
• For a full, detailed list, view our report

Key questions answered in this report

• What will the market size be in 2021 and what will the growth rate be?
• What are the key market trends?
• What is driving this market?
• What are the challenges to market growth?
• Who are the key vendors in this market space?
• What are the market opportunities and threats faced by the key vendors?
• What are the strengths and weaknesses of the key vendors?

Spanning over 97 pages and 48 Exhibits “Global Automotive Temperature Sensors Market 2017 - 2021” report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market landscape, Market segmentation by vehicle type, Geographic segmentation, Market drivers, Market challenges, Market trends, Vendor landscape, Key vendor analysis, Appendix.

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