Automotive Temperature and Humidity Sensors Market Precise Outlook – Delphi Automotive LLP, TDK Corporation, TE Connectivity Ltd., Sensata Technologies

The Automotive Temperature and Humidity Sensors market is a comprehensive market research report which provides market analysis with a historical & futuristic perspective for the following parameters; market size, revenue, demand, and supply data (as applicable). The report offers a detailed market analysis to provide a 360-degree research study on the global Automotive Temperature and Humidity Sensors market. Some of the tools used for this are SWOT, PESTEL, and Porter's 5-forces analysis frameworks. The report includes detailed information on the key trends, market drivers, challenges, regulatory landscape, deployment models, opportunities, future roadmaps, value chains, player profiles, and strategies. The impact of the COVID-19, and also forecasts its recovery post-COVID-19. The report also presents forecasts for Automotive Temperature and Humidity Sensors from 2021 till 2026.

The automotive temperature and humidity sensors market was valued at USD 5.35 billion in 2019 and is expected to reach a value of USD 9.86 billion by 2025, at a CAGR of 10.77% over the forecast period (2020-2025).

Top leading Manufacturers Profiled in Automotive Temperature and Humidity Sensors Market Report are: Delphi Automotive LLP, TDK Corporation, TE Connectivity Ltd., Sensata Technologies Inc., Robert Bosch GmbH, NXP Semiconductor N.V., Continental AG, Amphenol Advanced Sensors Germany GmbH, Panasonic Corporation, QTI Sensing Solutions, Murata Corporation, Analog Devices Inc.

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United States Automotive Temperature and Humidity Sensors Market Segment Percentages, By Type, 2020 (%)
Electrical Temperature Sensors
Resistive Temperature Sensors
Capacitive Humidity Sensors
Resistive Humidity Sensors

United States Automotive Temperature and Humidity Sensors Market Segment Percentages, By Application, 2020 (%)
Powertrain
Body Electronics
Alternative Fuel Vehicle

Market Overview

The automotive industry has grown significantly in the past five years, aided by the growth in unit volumes and the emergence of high innovation companies. The United States, China, and Europe continue to hold forte, while emerging nations, like India, are expected to record robust growth over the forecast period.

- Several automotive sensors are used for monitoring the temperature changes along with chassis solutions for roof and convertible switches, and seat position. Temperature and Humidity sensors are integrated into HVAC systems for preventing the fogging of windscreen and energy management. The sensors are also placed near the exhaust chamber to maintain urea quality, level, and temperature. Some of these sensors include urea pump pressure and exhaust gas temperature (EGTS) sensor.

- Every automotive is equipped fuel sensor which is used to check the temperature of the fuel constantly whether the fuel utilization is efficient or not. If the fuel of the engine is cold, then a longer period of time is taken to burn due to its high density. If the fuel is warm, then it will take a lesser period of time is taken burn. Here, the main problem is the varying inflow levels which could lead to the injury of certain parts of an automobile. This sensor will monitor the petroleum and ensures that injected at the right speed and temperature.

- Moreover, while the safety regulations have boosted the growth of sensors, environmental regulations have been a significant driver for temperature sensor applications. And, as per UBS, the global market for sensor semiconductors in autonomous vehicles is expected to reach a value of USD 30 billion by 2030. Such high growth in automotive sales might lead to potential growth for the automotive inertial systems during the forecast period.

- Further, as per the study conducted by the Semiconductor Industry Association, the global sale of semiconductor grew with USD 36.6 billion for the month of October 2019, an increase of 2.9% from Septembers total of USD 35.6 billion. The growth is mainly driven by the high demand from factory automation, and a significant increase in the adoption of MEMS sensors in the automotive industry.

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Regional Analysis for Automotive Temperature and Humidity Sensors Market:

For a comprehensive understanding of market dynamics, the global Automotive Temperature and Humidity Sensors market is analyzed across key geographies namely the United States, Europe, China, Japan, Southeast Asia, India, Central & South America. Each of these regions is analyzed based on market findings across major countries in these regions for a macro-level understanding of the market.

Asia-Pacific is expected to hold major share

- 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. Rapid urbanization in the region 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 companies in the market, such as Panasonic and TDK, are based out of Japan.

- The growing adoption of electric vehicles in the developing countries of Asia Pacific also favoring the market growth over the forecast period. For Instance, China is the primary producer and consumer of sensors and holds a prominent position in the global market. The total number of automobile industry sales in China reached 25 million units in 2019, based out of which 21 million units were passenger cars. In terms of electric vehicles, battery electric vehicles (BEV) were sold about three times more than plug-in hybrid electric vehicles (PHEV) in 2019, with BEV sales reaching almost one million units.

- With the outbreak of COVID-19, the closure trends in India led the SIAM to estimate that nearly over INR 2,300 crore per day as revenue loss for Indian automakers and component manufacturers amidst the pandemic. Major players like Maruti Suzuki India, Hyundai, Honda, Mahindra, Toyota Kirloskar Motor, Tata Motors, Kia Motors, and MG Motor India have put their plants on temporary shutdown. The market is very likely to suffer from potential component supply chain disruption, leading to reduced sales and production from a sensor point of view.

What is the Impact of Covid-19 Outbreak on the Automotive Temperature and Humidity Sensors?

- Optimistic Scenario: COVID-19 is contained by May or June, With Normalcy returning to global operations through the End of Q2.
- Conservative Scenario: COVID-19 Remains Prevalent, with Continued Impacts Lasting into Q4.
- Estimated Impact of the Coronavirus (COVID-19) Epidemic on the Global Automotive Temperature and Humidity Sensors.
- Automotive Temperature and Humidity Sensors Market Size in 2021
- Corporate Strategy the Manufacturers Should Be Thinking About Right Now.

News and Updates

- June 2019 - TDK Corporation launched its complete sensor product range at the Sensor+Test 2019. The product ranged from magnetic sensors, motion, sound sensor solutions, temperature, and pressure sensors that covers automotive, industrial, aeronautics, security, and medical markets. Micronas Magnetic Sensors and Embedded Motor Controllers, for instance, were first Micronas TMR-based sensor family CUR 423x developed for the measurement of current in the Automotive industry.

- September 2019 - At the IAA 2019, the Bosch showcased its latest solutions for personalized, automated, connected, and electrified mobility which included intelligent thermal management solution that is equipped with sensors for precise distribution of heat and cold to the efficiency of the battery and even to ensure that all components are perfectly working within their optimum temperature range.

Frequently Asked Questions about the Automotive Temperature and Humidity Sensors market:

- What are the recent developments and government policies?
- What are the top trends in the Automotive Temperature and Humidity Sensors market?
- What is the growth rate of the market?
- Which Is the Most potential market segment?
- Which are the top industry players in the Automotive Temperature and Humidity Sensors market?
- Which region would offer high growth for vendors in the market?

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