Automotive Temperature and Humidity Sensors Market to grow at a CAGR of 10.40% over the forecast period (2018-2023)| Major Vendors - BB LTD, ANALOG DEVICES, INC., GENERAL ELECTRIC, KONGSBERG GRUPPEN, EMERSON ELECTRIC COMPANY, STMICROELECTRONICS, DELPHI AU

Market Analysis:

Asia-Pacific is expected to be the Primary Market

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.

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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. Rapid urbanization has 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. Rising HVAC applications in automobiles is expected to drive the market growth.

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Market Segments:
Automotive Temperature and Humidity Sensors Market is segmented by:
1. Type: Temperature Sensors(Electrical, Resistive), Humidity Sensors(Capacitive, Resistive)
2. Technology: CMOS, MEMS, Others
3. Application: Powertrain, Body Electronics, Alternative Fuel Vehicles, Others
4. Geography: North America, South America, Europe, Asia Pacific, Middle East & Africa

Key Developments in the Market

•January 2018 - Continental launched its latest innovation in the exhaust gas sensor technology to the Chinese market, to lower vehicle emissions by introducing the high temperature sensor (HTS) and the differential pressure sensor (DPS), which provide data for closer control of emission-relevant exhaust gas after-treatment.
•March 2017 - NXP Semiconductors had unveiled two NTAG Smart Sensors for temperature monitoring and cold chain logistics and an Arduino-compatible NTAG Iu00b2C Plus kit that allowed developers to emulate using an NTAG Iu00b2C Plus connected tag chip in an embedded electronic system.

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