Automotive Temperature Sensor Industry News
In October 2018, TDK Corporation introduced the EPCOS NTC temperature sensor designed to monitor temperatures ranging from -10 °C to +300 °C. This sensor finds applications in a wide range of automotive and industrial electrical devices. Notably, thermal sensors with ceramic sleeves are suitable for use in harsh environments and exhibit resistance to acidic fluids such as hydrochloric acid.
Automotive Temperature Sensor Market Overview
According to the latest research report, from 2023 to 2030, the global automotive temperature sensors market size is predicted to increase at a CAGR of over 5.2%. These sensors are used to measure the temperature of liquids or gases inside a car. As a result, temperature sensors and monitors may be found in several vehicle parts.
Stringent pollution regulations, a growing need for fuel efficiency, and heightened vehicle security requirements are significant drivers propelling the development of the automotive temperature sensor market. The global automotive engine temperature sensor market is poised for rapid growth in the upcoming years as manufacturers increasingly seek to gain a comprehensive understanding of their vehicles' efficiency and operational parameters.
However, the economic turmoil brought about by the COVID-19 pandemic has significantly diminished the average consumer's purchasing power. Additionally, automobile manufacturing has been severely disrupted worldwide, collectively exerting a detrimental impact on the car temperature sensor market.
Key Players in the Automotive Temperature Sensor Market
• 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.) • RFMicron (U.S.)
Automotive Temperature Sensor Market Segmentation
According to reports, the global automotive temperature sensor market is segmented into three primary categories: applications, product types, and vehicle types.
It is anticipated that the MEMS (Micro-Electro-Mechanical Systems) temperature sensor industry will experience the most rapid growth in the coming years. The advancement of new technologies has led to increased utilization of improved MEMS temperature sensors. With a rising demand for luxury vehicles worldwide and a reduction in wire harnesses, emerging innovations like MEMS and IC (Integrated Circuit) sensors have become essential. MEMS-based temperature sensors find extensive applications in electric and conventional vehicles of various types.
Over the projected period, the Automotive Temperature Sensor Industry is forecasted to develop at the fastest rate of any other market. Improved MEMS temperature sensors have become more popular due to the growth of cutting-edge technology. The need for MEMS temperature sensors, integrated circuits, and thermal imaging sensors is anticipated to grow. The introduction of luxury automobiles all over the globe and the lowering of the wire harness will pave the way for future innovations. All of the main conventional construction and electric car applications rely on MEMS temperature sensors, which are commercially available.
Automotive Temperature Sensor market Regional Classification
According to the reports, on the basis of region, the global Automotive Temperature Sensor Market Share is divided into Asia pacific, north America, and the middle east and Africa.
A rise in stringent emissions regulations for vehicles, a growth in demand for sophisticated automated control systems, and a growth in automotive temperature sensors in this area have all contributed to Asia-dominance Pacific's automotive temperature sensor industry. North America and Europe are predicted to be the fastest-growing regions in the automotive temperature sensor market, owing to the increasing stringency of regulatory requirements addressing security in these areas.
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