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Automotive Temperature Sensor Global Market 2023 : Industry Analysis, Trends, Segmentation, Regional Overview And Forecast 2032 | Continental AG, Panasonic Holdings Corporation, Sensata Technologies Holding plc, NXP Semiconductors NV, Analog Devices Inc
Automotive Temperature Sensor Market
Automotive Temperature Sensor Market Size, Growth Rate, And Forecast
The global automotive temperature sensor market size grew from $9.08 billion in 2022 to $9.67 billion in 2023 at a compound annual growth rate (CAGR) of 6.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive temperature sensor market size is expected to grow to $11.84 billion in 2027 at a CAGR of 5.2%.
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Automotive Temperature Sensor Market Drivers
An increase in the prevalence of autonomous vehicles is expected to propel the growth of the automotive temperature sensor market going forward. An autonomous vehicle refers to a motor vehicle that operates without the support of human effort to drive on the road. Automatic vehicles use temperature sensors to keep a measure of vehicle engine temperatures and accordingly switch on the cooling fans to maintain an optimally required engine temperature. This helps to increase the vehicle's performance.
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Automotive Temperature Sensor Market Segments
• By Product Type: Thermistor, Resistance Temperature Detector, Thermocouple, IC Temperature Sensor, Mems Temperature Sensor, Infrared Sensor
• By Technology: Contact, Non-Contact
• By Usage: Gas, Liquid, Air
• By Vehicle: Passenger Cars, Commercial Vehicle
• By Application: Engine, Transmission, HVAC, Exhaust, Thermal Seats
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Temperature Sensor market.
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Automotive Temperature Sensor Market Key Players
Major competitors in the Automotive Temperature Sensor market include Continental AG, Panasonic Holdings Corporation, Sensata Technologies Holding plc, NXP Semiconductors NV, Analog Devices Inc., Microchip Technology Inc., TE Connectivity Ltd
The Business Research Company's "Global Automotive Temperature Sensor Market Report 2023" is a comprehensive report of the market, covering over 60 geographies and high level market segmentation per geography. The section on regional and country breakdowns examines the market in each geography as well as market size by region and country. Furthermore, it evaluates the market's historical and projected growth and identifies significant trends and strategies that businesses can use to expand their operations.
The Table Of Content For The Automotive Temperature Sensor Market Include:
1. Executive Summary
2. Automotive Temperature Sensor Market Characteristics
3. Automotive Temperature Sensor Market Trends And Strategies
4. Automotive Temperature Sensor Market - Macro Economic Scenario
5. Automotive Temperature Sensor Market Size And Growth
………
28. Key Mergers And Acquisitions In The Automotive Temperature Sensor Market
29. Automotive Temperature Sensor Market Future Outlook and Potential Analysis
30. Appendix
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