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What Is Driving Global Automotive Temperature Sensor Market Growth in 2025: The Role of Autonomous Vehicle Proliferation Fuels Automotive Temperature Sensor Market Growth
Automotive Temperature Sensor Market
Automotive Temperature Sensor Market Size Growth Forecast: What to Expect by 2025?
In recent times, the automotive temperature sensor market has seen steady expansion. The market size will increase from $9.47 billion in 2024 to $9.72 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 2.6%. The growth experienced during the historic period is due to factors such as the heightened use of electronic components in vehicles, an increased focus on energy efficiency and emissions reduction, advancements in the regulations pertaining to automotive safety, a surge in consumer demand for features that offer comfort and convenience, and the expansion of the electric vehicle market.
How Will the Automotive Temperature Sensor Market Size Evolve and Grow by 2029?
In the coming years, a robust expansion is anticipated in the automotive temperature sensor market, with its worth expected to reach $12.8 billion in 2029, reflecting a compound annual growth rate (CAGR) of 7.1%. This growth during the forecast period can be linked to the incorporation of temperature sensors in autonomous vehicles, the rising demand for electric and hybrid vehicles, a focus on in-cabin comfort and climate control systems, the widespread adoption of advanced driver assistance systems (ADAS), and the broadening influence of the internet of things (IoT) in automotive applications. Additionally, the forecast period will witness several noteworthy trends, such as the downsizing of temperature sensor parts, a shift towards micro-electro-mechanical systems (MEMS) technology, the creation of intelligent temperature sensing solutions, the growing utilization of temperature sensors in powertrain management, and the integration of temperature monitoring in connected car platforms.
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What Drivers Are Propelling the Growth of Automotive Temperature Sensor Market Forward?
The anticipated spread of autonomous vehicles is set to spur the expansion of the automotive temperature sensor market in the future. Autonomous vehicles, which are self-driving cars that do not require human intervention to navigate the roads, employ temperature sensors to monitor the vehicle engine temperatures. If necessary, they activate cooling fans to maintain the optimal engine temperature, which enhances the vehicle's performance. For instance, a report published by the Insurance Institute for Highway Safety, an American non-profit organisation, in December 2022, predicts that by 2025, American roads will see 3.5 million autonomous vehicles, and by 2030, this number is expected to rise to 4.5 million. Consequently, the booming trend of autonomous vehicles is fuelling the growth of the automotive temperature sensor market.
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Which Emerging Trends Are Transforming the Automotive Temperature Sensor Market in 2025?
The automotive temperature sensor market is witnessing a growing trend of technological advancements. Leading organizations within the sector are channeling their efforts towards introducing technological improvements to stay ahead in the market. For example, Germany's automotive parts manufacturer, Continental, debuted two innovative sensors in May 2022. These include the Current Sensor Module (CSM) and the Battery Impact Detection (BID) system, specifically designed for electrified vehicles. The CSM integrates shunt and hall technologies into a single multifunctional sensor. It can measure temperatures ranging from -40 °C to 125 °C.
What Are the Key Segments in the Automotive Temperature Sensor Market?
The automotive temperature sensormarket 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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Who Are the Key Players Shaping the Automotive Temperature Sensor Market's Competitive Landscape?
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
What Geographic Markets Are Powering Growth 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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