According to a new market report published by Lucintel, the future of the global automotive temperature sensor market looks promising with opportunities in the potable engine, transmission, HVAC, exhaust, and thermal seat segments. The global automotive temperature sensor is expected to grow with a CAGR of 6% from 2021 to 2026. The major drivers for this market are enhanced system efficiency and performance, driver convenience, and reduction in emissions.
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In this market, thermistors, resistance temperature detectors, thermocouple, IC temperature sensors, MEMS temperature sensors, and infrared sensors are the major product types. On the basis of comprehensive research, Lucintel forecasts that MEMS temperature sensors will remain the largest product type segment and it is also expected to witness the highest growth over the forecast period because of increasing luxury vehicles and reduction of the wiring harness.
Within the global automotive temperature sensor market, the wireless charging technology segment is expected to witness the highest growth over the forecast period due to efficient charging of electric vehicles without the need to plug in wires or cords.
APAC is expected to remain the largest market and witness the highest growth over the forecast period due to growing automotive industry in countries, such as China and India.
Emerging trends, which have a direct impact on the dynamics of the industry, include increase in response time by smaller elements and installation in desired locations through smaller packages. Robert Bosch, Continental, Panasonic, Delphi, and TDK Corporation are among the major suppliers of the automotive temperature sensor market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive temperature sensor market by application, product type, technology, vehicle, and region, and has compiled a comprehensive research report titled “Growth Opportunities in the Global Automotive Temperature Sensor Market 2021-2026: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy by providing comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global automotive temperature system market by application, product type, technology, vehicle, and region, as follows:
By Application [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
Engine
Transmission
HVAC
Exhaust
Thermal Seats
By Product Type [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
Thermistors
Resistance Temperature Detectors
Thermocouples
IC Temperature Sensors
MEMS Temperature Sensors
Infrared Sensors
By Technology Type [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
[
By Vehicle [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
Passenger Cars
Commercial Vehicles
By Region [Value ($ Million) and Volume (Million Units) from 2015 to 2026]:
North America
United States
Canada
Mexico
Europe
APAC
ROW
This more than 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 helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.
This report addresses the following key questions:
Q.1 What are some of the most promising growth opportunities for the global automotive temperature sensor market by application (engine, transmission, HVAC, exhaust, and thermal seats), product type (thermistors, resistance temperature detectors, thermocouples, IC temperature sensors, MEMS temperature sensors, and infrared sensors), technology (contact and non-contact), vehicle (passenger car and commercial vehicle), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which region will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges, and business risks in this market?
Q.5 What are the business risks and competitive threats in this market?
Q.6 What are the emerging trends in this market and the reasons behind them?
Q.7 What are some of the changing demands of customers in the market?
Q.8 What are the new developments in the market and which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being taken by key players for business growth?
Q.10 What are some of the competing products in this market and how big of a threat do they pose for loss of market share by product substitution?
Q.11 What M & A activity did occur in the last five years?