Press release
Temperature Sensor Market: 2018 Automotive Industry Analysis To 2023 - Continental, Aptiv, Denso, Eaton, Federal-Mogul, FTE Automotive, Hitachi, and Knorr-Bremse
Global Automotive Temperature Sensor Market Information Report by Application (Engine, Exhaust and Seats), Product Type (MEMS, IC sensors and Infrared Temperature Sensors), Vehicle Type (Passenger Car and Commercial Vehicle), and Region.
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Market Scenario:
The manufacturers are testing new sensor technologies to measure the temperature gradient of engine parameters on different road conditions. Major parameters measured by the temperature sensors are passenger comfort, engine efficiency and performance. The market of automotive temperature sensor is expected to grow at 6 % CAGR during the forecast period.
Market Dynamics:
The factors that are responsible for the growth of automotive temperature sensor market are engine control unit, stringent emission norms, rising need for fuel efficiency and improved vehicle safety. The manufacturer’s preference to understand the vehicle performance and operating condition is expected to drive the growth of automotive engine temperature sensor market during the forecast period. The stringent emission norms will enable the major automotive manufacturers to adopt latest detecting technologies such as infrared temperature sensors. The temperature sensor are mounted on the exhaust pipe, air duct, e-motor and battery to measure different parameters. Stringent government emission norms such as EURO-6, BHARAT stage-VI and US tier-2 regulations have forced OEMs to employ advanced sensor technology.
Market Segmentation:
The automotive temperature sensor market is segmented based on applications, product type, and vehicle types. On the basis of application the market is segmented as engine, exhaust and seats. One of the major applications for temperature sensors in vehicle architecture is engine control management. The market is segmented based on product types as MEMS, IC sensor and Infrared temperature sensor. Furthermore, infrared sensors are gaining popularity in high-temperature applications. The market is segmented based on vehicle types as passenger vehicles and commercial vehicles. The number of applications of temperature sensors in passenger vehicles is higher as compared to commercial vehicles. Thus, the automotive temperature sensor market is expected to grow at approximately 6% CAGR during the period 2017 to 2023.
Regional Analysis
The market is segmented based on regions are America, Asia Pacific, Europe, and Rest of the World. Asia Pacific region is expected to dominate the market in future because of increased demand for automotive electronics in Japan and South Korea. Other potential markets for temperature sensors are the Americas due to rules and regulation imposed by the U.S. Environment Agency on manufacturers. Additionally, emerging countries such as Brazil and Russia will play a crucial role in increasing market share of the temperature sensor. On the whole, OEMs and Tier-1 suppliers are focusing on low cost and durable temperature sensor to measure high temperature. To manufacture high performance and reliable temperature sensor, the advanced technologies such as high-heat resistant materials, hybrid sensor solutions and nanotechnology will play a pivotal role.
Major Table Of Content:
1 Executive Summary
2 Research Methodology
2.1 Scope Of The Study
2.1.1 Definition
2.1.2 Research Objective
2.1.3 Assumptions
2.1.4 Limitations
2.2 Research Process
2.2.1 Primary Research
2.2.2 Secondary Research
2.3 Market Size Estimation
2.4 Forecast Model
3 Market Dynamics
3.1 Market Drivers
3.2 Market Inhibitors
3.3 Supply/Value Chain Analysis
3.4 Porter’s Five Forces Analysis
Continued…
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