Press release
Automotive Engine Coolant Temperature Sensor Market to reach USD 13.99 Bn by 2029, emerging at a CAGR of 5.58 percent and forecast 2023-2029
Automotive Engine Coolant Temperature Sensors play a crucial role in the vehicle's cooling system, offering inputs to the vehicle's Electronic Control Unit (ECU) for regulating engine temperature within permissible limits. The sensor's data helps the ECU optimize engine performance, controlling factors like fuel injection, fuel mix, and ignition timing for efficient vehicle operation.
This comprehensive report dives into the global Automotive Engine Coolant Temperature Sensor industry, classifying the market based on sensor type, vehicle type, sales channel, and region. Analyzing historical market dynamics from 2018 to 2022, the report facilitates a comparison between past trends and current market scenarios, highlighting the contributions of key players.
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Automotive Engine Coolant Temperature Sensor Market Research Methodology:
The report profiles major players in different regions, considering market leaders, followers, and new entrants. By evaluating the manufacturing environment across regions, it emphasizes the regional impact on factors like manufacturing costs, supply chains, raw material availability, labor costs, and technological advancements. The report identifies potential hotspots in the Asia Pacific region and analyzes major countries' automotive policies' implications for chassis sensor manufacturers.
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What are Automotive Engine Coolant Temperature Sensor Market Dynamics:
The growth of temperature sensors in vehicles is fueled by a confluence of factors. Government and automotive association mandates, technological advancements in automotive systems, and customer demand for advanced technologies have all contributed to the expansion of temperature sensor usage. Governments worldwide emphasize vehicle safety, fuel efficiency, and emission reduction, driving stringent regulations that necessitate intricate safety and efficiency-enhancing systems in vehicles.
Automotive Engine Coolant Temperature Sensor Market Regional Insights:
The region's growth is attributed to low manufacturing costs, a high concentration of automotive component manufacturers, and various market-driving factors. New product launches and collaborations among automotive component manufacturers are bolstering the chassis sensor market's growth in the APAC region.
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What is Automotive Engine Coolant Temperature Sensor Market Segmentation:
Passenger vehicles are expected to occupy a significant 5.58% share of the total Automotive Engine Coolant Temperature Sensor market during the forecast period.
The automotive sector's growth, coupled with increasing industrialization, fuels the chassis sensor market's expansion. Global passenger vehicle sales reached approximately 80 million units in 2022, with China leading in terms of production and sales. . Increasing demand for personal automotive and intercity transportation is driving the segment's growth.
Stringent vehicle safety standards mandated by governments worldwide push manufacturers to integrate advanced technologies and sensors for vehicle safety. Automotive manufacturers are investing in developing and installing reliable control system devices. For instance, in May 2019, DENSO CORPORATION invested US$ 290 million in Guangzhou, China, to build a new plant dedicated to producing chassis control systems, engine control systems, vehicle components, and other materials.
By Distribution Channel
OEM
Aftermarket
By Sensor Type
Negative temperature coefficient (NTC) sensor
Positive temperature coefficient (PTC) sensor
By Vehicle Type Passenger vehicle
Commercial vehicle
Electric vehicle
Hybrid vehicle
Temperature Sensor
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Who are Automotive Engine Coolant Temperature Sensor Market Key Players:
1. Delphi
2. Standard Motor Products
3. Honeywell
4. Robert Bosch GmbH
5. DENSO CORPORATION
6. ACDelco
7. Dorman Products, Inc.
8. Amphenol Sensors.
9. Robert Bosch
10. Continental
11. Panasonic
12. Delphi
13. TDK Corporation
Table of content for the Automotive Engine Coolant Temperature Sensor Market includes:
1.Global Automotive Engine Coolant Temperature Sensor Market: Research Methodology
2.Global Automotive Engine Coolant Temperature Sensor Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry
3.Global Automotive Engine Coolant Temperature Sensor Market: Competitive Analysis
MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact
4.Company Profile: Key players
Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments
Key Offerings:
Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations
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