Automotive Temperature and Humidity Sensors Market Projected to Reach $7.94 Billion at 10.40% CAGR Till 2023 - Robert Bosch GmbH, Freescale Semiconductor AG, Honeywell, ABB, Analog Devices, GE, Kongsberg Gruppen

Marketprognosis.com Publish a New Market Research Report On “Global Automotive Temperature and Humidity Sensors Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Automotive Temperature and Humidity Sensors Market:

The Global Automotive Temperature and Humidity Sensors Market was valued at USD 4.38 Billion in 2017, and is expected to reach a value of USD 7.94 Billion by 2023, at a CAGR of 10.40% over the forecast period (2018-2023).

The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.

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Temperature and humidity sensing are one of the most important functions in automobile electronics. They are used in climate control and power-train applications. The most significant and conventional applications are power train and HVAC systems, followed by body electronics and alternative fuel. These sensors are used to measure engine temperature, engine oil temperature, exhaust gas temperature, fuel temperature, cabin temperature, etc., whereas humidity sensors can sense, measure, and control the moisture level in the air, as relative humidity is a vital factor in maintaining cabin comfort. These sensors are becoming increasingly important as there is growing consciousness about environmental cost, carbon footprint, and more energy-efficient systems.

HVAC units and distribution systems are an integral part of the cabin climate control function. To ensure the comfort of the occupants, i.e. drivers and the passengers, the right amount of conditioned air at desirable temperature and humidity levels should be delivered to the target locations. Adequate flow delivery is also important for the safe operation of a vehicle, which requires proper demist and defrost capabilities. Moreover, the increasing demand for luxury passenger cars in developed countries is propelling market growth. For instance, in the United States, there is a huge demand for luxury cars that primarily focus on passenger comfort and convenience. Due to the increasing purchasing power of the millennial population, there is a continuous demand for passenger cars. Premium vehicles and utilities continue to drive the sales of light vehicles, which cumulatively contribute to an increase in the demand for temperature and humidity sensors during the forecast period.

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The growth in the Asia-Pacific region owes to the growing automotive industry in countries such as China and India. The regulations regarding safety and emission controls in the region are expected to boost the market significantly during the forecast period. China accounted for the highest passenger car production in 2017 with 24.81 million units, followed by Japan with 8.35 million units, and India with 3.95 million units. Moreover, ongoing emission mandates, and increasing demand for safety systems such as ECU are positively influencing the automotive temperature sensor market in the Asia-Pacific region. Rapid urbanization has also resulted in increased pollution levels, thereby propelling the demand for fuel-efficient vehicles that are equipped with a temperature sensor in the engine and exhaust.

Major Key Players:

1 Texas Instruments Incorporated

2 Robert Bosch GmbH

3 Freescale Semiconductor AG

4 Honeywell International Inc.

5 ABB Ltd

6 Analog Devices, Inc.

7 General Electric Co.

8 Kongsberg Gruppen

9 Emerson Electric Company

10 STMicroelectronics and More…………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What are the challenges to market growth?

4 Who are the key players in this market?

5 What are the market opportunities and threats faced by the key players?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Automotive Temperature and Humidity Sensors Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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