According to a new market report by Lucintel, the future of the global automotive engine coolant temperature sensor market looks promising with opportunities in internal combustion vehicles, electric vehicles, hybrid vehicles, and plug-in hybrid electric vehicles. The global automotive engine coolant temperature sensor market is expected to decline in 2020 due to the global economic recession led by the COVID-19 pandemic. However, the market will witness recovery in the year 2021, and it is expected to grow with a CAGR of 6% from 2020 to 2025. The major growth driver for this market is the rise in demand for safety solution, technically advanced features, and advanced safety adaptation in the automotive industry.
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In this market, negative temperature coefficient (NTC) sensors and positive temperature coefficient (PTC) sensors are the two types of sensor. Lucintel forecasts that the positive temperature coefficient (PTC) segment will witness the highest growth during the forecast period due to increase in demand for standard vehicles, coupled with rapid adoption of advanced driver assistance systems and electronic devices in automobiles.
Within the automotive engine coolant temperature sensor market, the electric vehicle segment is expected to witness the highest growth during the forecast period due to rise in concern for environmental protection, increase in the sale of electric vehicles, and governmental initiatives for green vehicles.
APAC will remain the largest region, and it is expected to witness the highest growth over the forecast period, supported by the growth of the automotive industry in India China, and Japan.
Delphi, Standard Motor Products, Honeywell, Robert Bosch GmbH, DENSO, ACDelco, Dorman Products, Inc., and Amphenol Sensors are among the major manufacturers of the automotive engine coolant temperature sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the automotive engine coolant temperature sensor market by sensor type, product type, vehicle type, and region. Lucintel has prepared a comprehensive research report entitled “Growth Opportunities in the Global Automotive Engine Coolant Temperature Sensor Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data on the automotive engine coolant temperature sensor market by sensor type, product type, vehicle type, and region as follows:
By Sensor Type [$M shipment analysis for 2014 – 2025]:
Negative Temperature Coefficient (NTC) Sensors
Positive Temperature Coefficient (PTC) Sensors
By Product Type [$M shipment analysis for 2014 – 2025]:
2-Wire Coolant Temperature Sensors
1- Wire Coolant Temperature Sensors
By Vehicle Type [$M shipment analysis for 2014 – 2025]:
ICE
Electric Vehicles
Hybrid Vehicles
Plug-In Hybrid Electric Vehicles
By Region [$M shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
China
Japan
India
South Korea
This 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
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