Automotive Temperature Sensor Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET OVERVIEW

Automotive temperature sensors are utilized for ensuring optimum performance of vehicle with respect to coolant, oil, air etc. These sensors are primarily utilized to sense the temperature of gas and liquid in any vehicle. For engine, temperature sensors are used in the engine air intake and cooling fluid. With advancing technology, the use of MEMS sensors has grown significantly. Development of autonomous vehicles is anticipated to drive the growth of the automotive temperature sensor market in the coming years.

MARKET SCOPE

The

"Global Automotive Temperature Sensor Market Analysis to 2031"

is a specialized and in-depth study of the automotive and transportation industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive temperature sensor market with detailed market segmentation by technology, application, vehicle type, and geography. The report provides key statistics on the market status of the leading automotive temperature sensor market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

•   Based on technology, the global automotive temperature sensor market is segmented into contact and non-contact.
  
•   On the basis of application, the market is segmented into engine, exhaust, HVAC, transmission, and heated seats.
  
•   Based on vehicle type, the market is bifurcated into passenger cars and commercial vehicles.
  

MARKET DYNAMICS

Drivers:

•   Rapidly advancing technology to drive the demand for automotive temperature sensors.
  
•   Rising urbanization and increasing per capita disposable income to boost market growth of automotive temperature sensors.
  
•   Growing awareness regarding safety and security.
  

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive temperature sensor market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive temperature sensor market in these regions.

IMPACT OF COVID-19 ON AUTOMOTIVE TEMPERATURE SENSOR MARKET

The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities. Due to the economic crisis caused by the pandemic of COVID-19, buying capacity of the consumer reduced drastically. Also, production of vehicles is impacted severely all over the world. This all has impacted the automotive temperature sensor market negatively.

MARKET PLAYERS

The report covers key developments in the automotive temperature sensor market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive temperature sensor market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive temperature sensor in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive temperature sensor market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

•   Analog Devices, Inc.
  
•   BorgWarner Inc.
  
•   Bosch Auto Parts
  
•   Continental AG
  
•   Microchip Technology Inc.
  
•   Murata Manufacturing Co., Ltd.
  
•   NXP Semiconductors
  
•   Sensata Technologies, Inc.
  
•   TE Connectivity
  
•   Texas Instruments Incorporated
  
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Automotive Temperature Sensor Report Scope