The key players in automotive temperature sensor market are Robert Bosch (Germany), Aptiv PLC (U.K.), Continental (Germany), Panasonic (Japan), TDK Corporation (Japan), TE Connectivity Ltd (Switzerland), RoHM Co. Ltd. (Japan), Microchip Technology Inc. (U.S.), TT Electronics (U.K.), ZF TRW Automotive (U.S.) and RFMicron (U.S.).
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Vehicles become more sophisticated as they integrate sensors to detect internal and external operating conditions. The manufacturers are gaining competence in sensor technology to survive the competitive world of vehicle technology. Increase in awareness of temperature sensor technologies such as MEMs, IC sensors and Infrared sensors among the manufacturers are likely to improve the efficacy of the vehicle architecture. The manufacturers are testing new sensor technologies to measure the temperature gradient of engine parameters on different road conditions. Major parameters measured by the temperature sensors are passenger comfort, engine efficiency and performance.
Automotive temperature sensors play a crucial role in automotive design. They are mainly utilized in three areas: the engine, the exhaust system, and user-centric items such as seats. In the multiple places, automotive temperature sensors play different roles that aid the mechanical wellbeing of the vehicle and the comfort of the driver. The increasingly competitive nature of the automotive industry is driving steady advancement in temperature sensor technology, as automotive manufacturers are looking to score an edge over their rivals through the use of advanced sensors recording the smallest of details about the vehicle.
The rising demand for improved vehicle safety, better control over the engine performance, and cleaner emissions is driving the global automotive temperature sensor market. These factors are likely to become dominant driving factors in the automotive industry in the coming years, leading to increasing emphasis on automotive temperature sensors. Stringent government emission regulations in regions across the world are likely to drive the automotive temperature sensor market in the coming years.
The automotive temperature sensor market is segmented based on applications, product type, and vehicle types. On the basis of application, the market is segmented as engine, exhaust and seats. One of the major applications for temperature sensors in vehicle architecture is engine control management. The market is segmented based on product types as MEMS, IC sensor and Infrared temperature sensor. Furthermore, infrared sensors are gaining popularity in high-temperature applications. The market is segmented based on vehicle types as passenger vehicles and commercial vehicles. The number of applications of temperature sensors in passenger vehicles is higher as compared to commercial vehicles. Thus, the automotive temperature sensor market is expected to grow at approximately 6% CAGR during the period 2017 to 2023.
Regionally, the global automotive temperature sensor market is segmented into the Americas, Europe, Asia Pacific, and rest of the world.
Asia Pacific is likely to play a crucial role in the global automotive temperature sensor market over the forecast period due to the increasing sales volume of passenger as well as commercial vehicles in the region. The rate of incorporation of advanced technological solutions in passenger vehicles is quite high in Asia Pacific, leading to growing demand from the automotive temperature sensor market. The growing presence of Asia Pacific countries in the automotive manufacturing market is also likely to be a major driver for the automotive temperature sensor market in the region.
The Americas and Europe are also likely to play a key role in the development of the global automotive temperature sensor market over the forecast period due to the stringent emission norms put in place by governments in the region.
The report for Global Automotive Temperature sensor Market of Market Research Future comprises extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value and volume, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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