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Major Growth Driver Identified in 2025 Automotive Temperature Sensor Market: Autonomous Vehicle Proliferation Fuels Automotive Temperature Sensor Market Growth
Automotive Temperature Sensor
Automotive Temperature Sensor Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size for automotive temperature sensors has experienced stable growth over the recent years. With expectations to expand from $9.47 billion in 2024 to $9.78 billion in 2025, this indicates a compound annual growth rate (CAGR) of 3.3%. Factors contributing to the historic period growth include a surge in the usage of electronic parts in vehicles, an increased emphasis on energy efficiency and emission decrease, advancements in car safety regulations, an uptick in consumer demand for amenities related to comfort and convenience, as well as the growth of the electric vehicle market.
Automotive Temperature Sensor Market Size Forecast: What's the Projected Valuation by 2029?
In the upcoming years, the automotive temperature sensor market is predicted to exhibit robust growth, expanding to $13.07 billion in 2029 with a compound annual growth rate (CAGR) of 7.5%. This anticipated growth during the forecast period is due to various factors such as the integration of temperature sensors in self-driving cars, rising demand for electric and hybrid vehicles, focus on enhancing in-vehicle comfort and climate control systems, increased adoption of advanced driver assistance systems (ADAS), and the widening use of the internet of things (IoT) in automotive applications. Notable trends during the forecast period comprise the miniaturization of temperature sensing components, the shift towards MEMS (micro-electro-mechanical systems) technology, the creation of intelligent temperature sensing solutions, boosted usage of temperature sensors in powertrain management, and the integration of temperature monitoring in connected car technologies.
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What Are the Drivers Transforming the Automotive Temperature Sensor Market?
The anticipated rise in the number of self-driving cars is set to fuel the expansion of the automotive temperature sensor market. Autonomous vehicles, which function without human intervention on highways, utilize temperature sensors to monitor engine heat levels and activate cooling fans as needed to uphold the optimal engine temperature. This boosts vehicle efficiency and performance. A forecast by the Insurance Institute for Highway Safety, a US non-profit entity, in December 2022 suggests that by 2025, the United States will see around 3.5 million autonomous vehicles on its roads, with this figure expected to reach 4.5 million by 2030. Consequently, the surge in autonomous vehicle adoption is contributing to the growth of the automotive temperature sensor market.
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What Long-Term Trends Will Define the Future of the Automotive Temperature Sensor Market?
The emergence of significant technological advancements is being recognized as a prominent trend in the automotive temperature sensor market. Companies in this field are heavily prioritizing technological progressions to distinguish themselves within the market. For example, in May 2022, the Germany-based automotive parts producer, Continental, introduced two innovative sensors designed for electric vehicles - the Current Sensor Module (CSM) and the Battery Impact Detection (BID) system. The CSM, a two-channel sensor, integrates shunt technology with hall technology, and is capable of measuring temperatures from -40 °C to 125 °C.
Which Segments in the Automotive Temperature Sensor Market Offer the Most Profit Potential?
The automotive temperature sensor market covered in this report is segmented -
1) By Product Type: Thermistor, Resistance Temperature Detector, Thermocouple, IC Temperature Sensor, Mems Temperature Sensor, Infrared Sensor
2) By Technology: Contact, Non-Contact
3) By Usage: Gas, Liquid, Air
4) By Vehicle: Passenger Cars, Commercial Vehicle
5) By Application: Engine, Transmission, HVAC, Exhaust, Thermal Seats
Subsegments:
1) By Thermistor: NTC (Negative Temperature Coefficient) Thermistors, PTC (Positive Temperature Coefficient) Thermistors
2) By Resistance Temperature Detector (RTD): Thin Film RTDs, Wire-Wound RTDs
3) By Thermocouple: Type K Thermocouples, Type J Thermocouples, Type T Thermocouples, Type E Thermocouples
4) By IC Temperature Sensor: Analog IC Temperature Sensors, Digital IC Temperature Sensors
5) By MEMS Temperature Sensor: Integrated MEMS Sensors, Standalone MEMS Sensors
6) By Infrared Sensor: Non-Contact Infrared Sensors, Pyroelectric Infrared Sensors
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Which Firms Dominate the Automotive Temperature Sensor Market by Market Share and Revenue in 2025?
Major companies operating 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., 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
Which Regions Offer the Highest Growth Potential in the Automotive Temperature Sensor Market?
Asia-Pacific was the largest region in the automotive temperature sensor market in 2024.Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive temperature sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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