Automotive Temperature Sensor Market

Automotive Temperature Sensor Market size reached USD 3.8 billion in 2021 and is estimated to reach USD 8.0 billion in 2029 and the market is estimated to grow at a CAGR of 9.7%.

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Market Dynamic

Key Drivers and Emerging Trends

Growing production of automotive, development of autonomous vehicles and connected cars, and increasing application of temperature sensors in vehicles for several automotive systems including engine, powertrain management system, engine cooling system, and the HVAC system are the significant factors that are expected to drive the growth of the automotive temperature sensor market. Additionally, rising concern for environmental protection, stringent government regulations related to gas emission control, fuel economy, and accelerating adoption of green vehicles are anticipated to propel the automotive sensors market size.

The increasing adoption of electric vehicles together with the growing application of temperature sensors in numerous applications including the electric motor, on-board charger, battery management system, and charging cable in electric cars is projected to provide lucrative growth opportunities to the market. According to the International Energy Agency (IEA), in 2019, electric cars registered 2.1 million sales globally with a 40% year-on-year increase and accounted for 2.6% of the global car sales. This is expected to drive the growth of the electric vehicle industry, thereby contributing to the growth of the automotive temperature sensors market.

Restraint in the Automotive Temperature Sensor Market

However, an increase in the overall manufacturing cost of vehicles is expected to be one of the major restraining factors in the growth of the automotive temperature sensor market in the coming years. Additionally, disruption in the supply chains of automotive OEMs production due to the outbreak of COVID-19 is further expected to hamper the automotive temperature sensor market growth in the coming years.

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Application Type – Segment Analysis

Based on application type, the engine application segment is projected to capture a higher share in the market owing to the increasing installation of the coolant temperature sensor (CTS) in vehicles for preventing engine overheating, active emission control, and improving engine system architecture. Denso Corporation, NXP Semiconductors N.V., Panasonic Corporation, and Robert Bosch GmbH are some of the leading companies offering automotive temperature sensors for engines.

Product Type – Segment Analysis

Based on product type, the thermistor segment is expected to grow at a higher CAGR in the market owing to its high sensitivity, low cost, faster response, easier to use, and smaller size availability as compared to other temperature sensors. In addition, thermistors offers highly accurate results within their operating range owing to which they are utilized in high temperature applications including exhaust gas and catalytic converter temperature sensing, and in monitoring the electric car battery temperature.

 Vehicle – Segment Analysis

Based on vehicle, the passenger vehicle is expected to hold a larger market share during the forecast period. This is primarily due to the growing use of passenger cars for personal and commercial purposes including ridesharing, fleet management, and others. Moreover, growing development of electric passenger cars by several leading companies including Tesla Inc., BMW Group, Nissan Motor Corporation, and Volkswagen AG is further anticipated to drive the market growth.

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Regional – Segment Analysis:

Based on region, Asia-Pacific is projected to grow at a higher CAGR over the forecast period. This is primarily due to the growing vehicle manufacturing industry in the region, primarily in countries including, India, China, South Korea, and Japan. Moreover, according to the International Energy Agency (IEA), China accounted for 47% of the global electric car sales in 2019, which is expected to drive the market growth for automotive temperature sensors in Asia-Pacific.

Top Market Players

Several leading players operating in the market, include Denso Corporation, NXP Semiconductors N.V., Sensata Technologies, Inc., TE Connectivity, BorgWarner Inc., Panasonic Corporation, Continental AG, Robert Bosch GmbH, TDK Corporation, and Infineon Technologies AG, among others. 

Key Developments:

• • In 2020, BorgWarner Inc. acquired Delphi Technologies Plc, which is one of the leading manufacturers of automotive parts and equipment including automotive sensors. This acquisition strengthened BorgWarner’s electronics and power electronics products in the automotive sector.
  • In 2020, Infineon Technologies AG completed the acquisition of Cypress Semiconductor Corporation, one of the leading semiconductor design and manufacturing companies. This factor augmented the company’s products including power semiconductors, automotive microcontrollers, sensors and security solutions and to help in strengthening its market reach in the U.S. and Japan.

Segments covered in the Report:

The global automotive temperature sensor market has been segmented on the basis of application, product type, vehicle, and regions. Based on application, the market is segmented into engine, transmission, HVAC, exhaust, and thermal seats. Based on product type, the market is segmented into thermistor, resistance temperature detector, thermocouple, IC temperature sensor, MEMS temperature sensor, and infrared sensor. Based on vehicle, the market is segmented into passenger car and commercial vehicle. 

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Key questions answered in this research report:

• • At what pace is global Automotive Temperature Sensor Market growing? What will be the growth trend in the future?
  • What are the key drivers and restraints in Automotive Temperature Sensor Market? What will be the impact of drivers and restraints in the future?
  • What are the regional revenues and forecast breakdowns? Which are the major regional revenue pockets for growth in the global Automotive Temperature Sensor Market?
  • Which product type generated maximum revenues in 2019 and identify the most promising product type during the forecast period?
  • What are the various application areas of global Automotive Temperature Sensor Market and how they are poised to grow?
  • What companies are the major participants in this market and their business strategies, how does the competitive landscape look like?

Report Coverage	Details
Market Revenues (2021)	USD 3.8 Billion
Market Base Year	2021
Market Forecast Period	2022-2029
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Application, By Product Type, By Vehicle, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Denso Corporation, NXP Semiconductors N.V., Sensata Technologies, Inc., TE Connectivity, BorgWarner Inc., Panasonic Corporation, Continental AG, Robert Bosch GmbH, TDK Corporation, and Infineon Technologies AG, among others; a total of 10 companies covered.
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Automotive Temperature Sensor Market by Application

• • Engine
  • Transmission
  • HVAC
  • Exhaust
  • Thermal Seats

Global Automotive Temperature Sensor Market by Product Type

• • Thermistor
  • Resistance Temperature Detector
  • Thermocouple
  • IC Temperature Sensor
  • MEMS Temperature Sensor
  • Infrared Sensor

Global Automotive Temperature Sensor Market by Vehicle

• • Passenger Car
  • Commercial Vehicle

Global Automotive Temperature Sensor Market by Region

• • North America Automotive Temperature Sensor Market (Option 1: As a part of the free 25% customization)
    • North America Market by Application
    • North America Market by Product Type
    • North America Market by Vehicle
    • US Market All-Up
    • Canada Market All-Up
  • Europe Automotive Temperature Sensor Market (Option 2: As a part of the free 25% customization)
    • Europe Market by Application
    • Europe Market by Product Type
    • Europe Market by Vehicle
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up
  • Asia-Pacific Automotive Temperature Sensor Market (Option 3: As a part of the free 25% customization)
    • Asia-Pacific Market by Application
    • Asia-Pacific Market by Product Type
    • Asia-Pacific Market by Vehicle
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up
  • RoW Automotive Temperature Sensor Market (Option 4: As a part of the free 25% customization)
    • RoW Market by Application
    • RoW Market by Product Type
    • RoW Market by Vehicle
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Major Players Operating in the Automotive Temperature Sensor Market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • Denso Corporation
  • NXP Semiconductors N.V.
  • Sensata Technologies, Inc.
  • TE Connectivity
  • BorgWarner Inc.
  • Panasonic Corporation
  • Continental AG
  • Robert Bosch GmbH
  • TDK Corporation
  • Infineon Technologies AG