DUBLIN--(BUSINESS WIRE)--The "Automotive Temperature Sensor Market by Application (Engine, Exhaust, Seats), Product (Thermocouple, MEMS, IC Sensor), Usage, Technology, EV Application (Battery, Motor), EV Charging Tech (Wired, Wireless), Vehicle & Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The Global Automotive Temperature Sensor Market is Estimated to Be USD 7.70 Billion in 2017 and is Projected to Reach USD 11.89 Billion By 2025, at a CAGR of 5.58%.
Temperature sensor plays a major role in controlling emission. With emission standards becoming increasingly stringent, the manufacturers are focusing on developing new technologies to meet the legislation necessitating the release of cleaner exhaust gases. However, the cost of a temperature sensor is high, which increases the manufacturing cost of the vehicle.
The MEMS segment is expected to grow at the highest rate during the forecast period. The ongoing trend of adopting bulk micromachining fabrications to manufacture components such as temperature sensors is driving the market for MEMS technology.
The battery temperature sensor market is projected to grow at the highest CAGR during the forecast period. Battery temperature sensors are used in each cell of the battery to monitor temperature, thus, increasing the efficiency. The sensors monitor the chemical reaction temperature inside the battery, thus increasing the life of the battery. Henceforth, the high requirement of battery sensor in an electric vehicle is expected to boost the market for automotive temperature sensor.
The automotive temperature sensor market for Asia Pacific is estimated to grow at the highest CAGR during the forecast period. Factors such as the upcoming government norms for emission in developing countries and high production of vehicles are expected to drive the market growth in the region. For instance, India is likely to adopt BS6 norms by 2020.
- Stringent Emission Norms for Automobiles
- Increasing Application of Automotive Temperature Sensor
- Cost Pressure on Automotive Oems
- Limitations of Temperature Sensors
- Sensor Fusion Technology
- Aggressive Development in Autonomous Vehicle
- Increasing Penetration of Electric Vehicle Globally
- Compatibility Issue Between Sensor Manufacturers and OEMs
- Price Competition Among Sensor Manufacturers
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Automotive Temperature Sensor Market, By Application
7 Automotive Temperature Sensor Market, By Product
8 Automotive Temperature Sensor Market, By Technology
9 Automotive Temperature Sensor Market, By Usage
10 Automotive Temperature Sensor Market, By EV Application
11 Automotive Temperature Sensor Market, By EV Charging Technology
12 Automotive Temperature Sensor Market, By Vehicle
13 Automotive Temperature Sensor Market, By Region
14 Competitive Landscape
15 Company Profiles
- Analog Devices
- NXP Semiconductors
- Panasonic Corporation
- Robert Bosch
- Sensata Technologies
- TDK Corporation
- TE Connectivity
- Texas Instruments
For more information about this report visit https://www.researchandmarkets.com/research/3cjmqw/automotive?w=4