Press release
Soaring Growth in Automotive Temperature Sensor Market: Global Projections, Market Drivers, Major Players, and Emerging Trends
Automotive Switch Market
Tracking the Journey of Automotive Temperature Sensor Market: From $9.47 Billion in 2024 to an Estimated $13.07 Billion in 2029
What Is The Projected Market Size Of The Global Automotive Temperature Sensor Market And Its Growth Rate?
The automotive temperature sensor market has been seeing steady growth in recent years. Here are the projected figures:
• The market grew from $9.47 billion in 2024 to $9.78 billion in 2025, with a compound annual growth rate (CAGR) of 3.3%.
• This growth can be attributed to the increasing adoption of electronic components in vehicles, a focus on energy efficiency and emission reduction, advancements in automotive safety regulations, and the expansion of the electric vehicle market.
• The market size is expected to continue its strong growth and reach $13.07 billion in 2029, with a CAGR of 7.5%.
• Key factors for this expected growth include the integration of temperature sensors in autonomous vehicles, a surge in demand for electric and hybrid vehicles, and expanding implementation of IoT in automotive applications.
What Is Driving The Growth In The Automotive Temperature Sensor Market?
The surge in autonomous vehicles is likely to accelerate the growth of the automotive temperature sensor market. Autonomous vehicles use temperature sensors to monitor engine temperatures and control cooling fans, thereby optimizing performance. According to a report published by the Insurance Institute for Highway Safety, an estimated 3.5 million autonomous vehicles are anticipated to be on American roads by 2025, and this figure is projected to increase to 4.5 million by 2030. The growing prevalence of autonomous vehicles is a key driver for the growth of the automotive temperature sensor market.
Request A Free Sample Copy: https://www.thebusinessresearchcompany.com/sample.aspx?id=7532&type=smp
Who Are the Key Players Driving Automotive Temperature Sensor Market Growth?
• Continental AG
• Panasonic Holdings Corporation
• Sensata Technologies Holding plc
• NXP Semiconductors NV
• Analog Devices Inc.
• Microchip Technology Inc.
• TE Connectivity Ltd.
• Rohm Semiconductor
• Murata Manufacturing Co Ltd
• ZF Friedrichshafen AG, Amphenol Corporation
• Denso Corporation
• Locon Sensor Systems Inc
• MTI Industrial Sensors
• Temperature Specialists Inc
• Robert Bosch GmbH
• Texas Instruments Incorporated
• Siemens AG
• Honeywell International Inc.
• Asea Brown Boveri Ltd.
• Endress+Hauser Management AG
• Maxim Integrated
• Emerson Electric Co.
• Tokyo Denki Kagaku Corporation
• Infineon Technologies AG
• Kongsberg Gruppen
• Delphi Technologies
• Automotive Electronics Council (AEC)
• Semiconductor Components Industries LLC
• Melexis NV
What Are The Key Trends In The Automotive Temperature Sensor Market?
• Miniaturization of temperature sensor components
• Shift towards micro-electro-mechanical systems (MEMS) technology
• Development of smart temperature sensing solutions
• Increased use of temperature sensors in powertrain management
• Integration of temperature monitoring in connected car platforms
What Are The Segments Of The Global Automotive Temperature Sensor Market?
The global automotive temperature sensor market is segmented by:
• Product Type: Thermistor, Resistance Temperature Detector, Thermocouple, IC Temperature Sensor, MEMS Temperature Sensor, Infrared Sensor
• Technology: Contact, Non-Contact
• Usage: Gas, Liquid, Air
• Vehicle: Passenger Cars, Commercial Vehicle
• Application: Engine, Transmission, HVAC, Exhaust, Thermal Seats
Which Region Leads The Automotive Temperature Sensor Market?
Asia-Pacific was the largest and fastest-growing region in the automotive temperature sensor market in 2024. Other regions covered in the automotive temperature sensor market report include Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.
Pre-book the Report for Swift Delivery: https://www.thebusinessresearchcompany.com/report/automotive-temperature-sensor-global-market-report
What Is Covered In The Automotive Temperature Sensor Market Global Market Report?
- Market Size Analysis: Analyze the Automotive Temperature Sensor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Automotive Temperature Sensor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Automotive Temperature Sensor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Automotive Temperature Sensor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
Request Customization for This Report: https://www.thebusinessresearchcompany.com/Customise?id=7532&type=smp
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
• LinkedIn: https://in.linkedin.com/company/the-business-research-company
• Twitter: https://twitter.com/tbrc_info
• YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ"
Learn More About The Business Research Company
Learn More About the Business Research Company: With over 15,000 reports from 27 industries covering 60+ geographies, The Business Research Company has cemented its reputation for comprehensive, data-driven research and insights. Armed with 1,500,000 datasets, in-depth secondary research, and unique industry insights, we can provide the information you need to stay ahead. Our flagship product, the Global Market Model offers comprehensive and updated forecasts to inform your decision-making process.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Soaring Growth in Automotive Temperature Sensor Market: Global Projections, Market Drivers, Major Players, and Emerging Trends here
News-ID: 3810910 • Views: …
More Releases from The Business research company
Segment Evaluation and Major Growth Areas in the Personalized Testing and Supple …
The personalized testing and supplements sector is gaining remarkable traction, driven by advancements in technology and a rising consumer focus on tailored health solutions. As more individuals seek customized wellness options, this market is set to experience substantial expansion in the coming years. Here's an in-depth look at its current valuation, key players, significant trends, and the main market segments shaping its future.
Market Valuation and Expansion Forecast for Personalized Testing…
Top Players and Market Competition in the Skin Microbiome Industry
The skin microbiome market is emerging as a significant area of interest due to growing awareness about the critical role of skin health and innovative skincare technologies. As research advances and consumer preferences shift towards more natural and science-backed products, this market is set to undergo substantial growth. Let's explore the current market size, key players, driving factors, and upcoming trends shaping the skin microbiome industry.
Projected Expansion in the Skin…
Key Strategic Developments and Emerging Changes Shaping the Upadacitinib Market …
The upadacitinib market is poised for significant expansion over the coming years, driven by advances in treatment options and increasing awareness of autoimmune diseases. This report delves into the market's current size, key drivers, major players, and the emerging trends shaping its future trajectory.
Steady Growth Expected in Upadacitinib Market Size Through 2029
The market for upadacitinib is projected to reach $2.54 billion by 2029, growing at a robust compound annual…
Analysis of Key Market Segments Driving the Alzheimer's Disease Diagnostic Marke …
The Alzheimer's disease diagnostic sector is rapidly evolving as advancements in technology and healthcare infrastructure open new possibilities for early detection and personalized treatment. With rising awareness and innovative approaches, this market is poised for significant growth in the coming years. Let's explore the current market size, key drivers, leading companies, and emerging trends that are shaping this critical healthcare field.
Projected Market Size and Growth Trends in Alzheimer's Disease Diagnostics…
More Releases for Automotive
Automotive Grommet Market set for explosive growth: Cooper Standard Automotive, …
According to HTF MI, "Global Automotive Grommet Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". The Global Automotive Grommet Market is anticipated to grow at a compound annual growth rate (CAGR) of 5.96% from 2024 to 2030, reaching USD 100 Billion in 2024 and USD 150 Billion by 2030.
Automotive grommets are protective rings or eyelets made from rubber or plastic, used to protect or cover holes in metal…
KSA Automotive Market | KSA Automotive Industry | KSA Automotive Industry Resear …
Saudi Arabia’s automotive market faced a decline in new car sales due to tripling of value-added tax (VAT) rates. Effective in July 1, 2020, Saudi Arabia hiked its VAT from 5% to 15%.
Vision 2030 trying to attract foreign investment to kick start Dammam manufacturing city to aid re-exports & fulfill domestic demand
Surge in Domestic Manufacturing to gain independence of Imports: With Vision 2030, KSA is trying to gain impendence of…
Automotive Fuel Injectors Market: Growing Automotive Sales Fueling Automotive Fu …
Automotive fuel injectors market is likely to grow at a steady pace in the long run, according to a new report by Fact.MR. The demand for automotive fuel injectors continues to remain influenced with a multitude of industry-specific and macroeconomic factors. Significant growth in the automotive sector, coupled with increasing vehicle fleet remain instrumental in driving the demand for automotive fuel injectors worldwide. Fact.MR estimates that the sales of automotive fuel injectors are expected…
Global Automotive Safety Market 2019 Worldwide Outlook By Autoliv, Delphi Automo …
Automotive safety systems are designed to comply with the standards and regulations prescribed by government agencies and transport authorities worldwide. Passive safety systems are designed to protect passengers, drivers, and pedestrians during an accident.
In terms of region, the global Automotive Passive Safety Systems market can be segmented into North America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is likely to hold a prominent share of the global…
Global Oil Pump for Automotive Market 2018 Analysis -Bosch,Denso,Aisin Seiki,Del …
According to this study, over the next five years the Oil Pump for Automotive market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2023, from US$ xx million in 2017. In particular, this report presents the global market share (sales and revenue) of key companies in Oil Pump for Automotive business.
Get Sample Copy of this Report for more Information…
Global Automotive Body Welded Assembly Market 2018 - Daesan, Baylis Automotive, …
Accord Market, recently published a detailed market research study focused on the “Automotive Body Welded Assembly Market” across the global, regional and country level. The report provides 360° analysis of “Automotive Body Welded Assembly Market” from view of manufacturers, regions, product types and end industries. The research report analyses and provides the historical data along with current performance of the global PP Pipe industry, and estimates the future trend of…
