Automotive Temperature and Humidity Sensors Market - Growth, Trends, and Forecast (2020 - 2025)

The Automotive Temperature and Humidity Sensors Market is segmented by Type (Conventional, Digital), Vehicle Type (Passenger Cars, Commercial Vehicles), Application Type (Power Train, Body Electronics, Alternative Fuel Vehicles), and Geography.

Market Snapshot

Study Period:

2019-2025

Base Year:

2019

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

10.77 %

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Market Overview

The automotive temperature and humidity sensors market was valued at USD 5.35 billion in 2019 and is expected to reach a value of USD 9.86 billion by 2025, at a CAGR of 10.77% over the forecast period (2020-2025). The automotive industry has grown significantly in the past five years, aided by the growth in unit volumes and the emergence of high innovation companies. The United States, China, and Europe continue to hold forte, while emerging nations, like India, are expected to record robust growth over the forecast period.

  • In terms of types of sensors, the growth of temperature sensor in automobiles is mainly driven by factors, such as the introduction of mandates, technical advancements, and customer preferences. 
  • The growing stringent emission regulations for automobiles is expected to provide growth opportunities to the market.
  • The growing automotive HVAC market, which is facilitating a broader adoption of temperature and humidity sensors, is one of the major trends contributing to the growth of the car temperature sensor market.

Scope of the Report

The automotive temperature and humidity sensors market is segmented by type, vehicle type, application type (power train, body electronics, alternative fuel vehicles)  and region. The segmentation by type is further split into conventional and digital while that by the vehicle type is split into passenger cars and commercial vehicles and by application is split into power train, body electronics, alternative fuel vehicles, and other applications.

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Key Market Trends

Digital Sensors to Hold Significant Share

  • Digital sensors are defined as a combination of a sensing element, an analog to digital converter (ADC), and an analog interface along with bus interface in one housing.
  • The various advantages offered by digital sensors over their conventional counterparts include high performance, accuracy, low cost, easy implementation, no multiple calibrations required, and low power requirement, among others.
  • Rising demand for alternative powertrains along with alternative fuel vehicles, coupled with an increase in global sales of light vehicles, is expected to drive the demand for digital temperature and humidity sensors.
  • Automotive manufacturers are focused on vehicle electrification and providing vehicle owners with more advanced driver assistance systems (ADAS) features, where digital temperature and humidity sensors play a pivot role.

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Asia-Pacific is Expected to be the Primary Market

  • The growth in the Asia-Pacific region owes to the growing automotive industry in countries such as China and India. The regulations regarding safety and emission controls in the region are expected to boost the market significantly during the forecast period.
  • China accounted for the highest passenger car production in 2017 with 24.81 million units, followed by Japan with 8.35 million units, and India with 3.95 million units. Moreover, ongoing emission mandates and increasing demand for safety systems such as ECU are positively influencing the automotive temperature sensor market in the Asia-Pacific region.
  • Rapid urbanization has also resulted in increased pollution levels, thereby propelling the demand for fuel-efficient vehicles that are equipped with a temperature sensor in the engine and exhaust.

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Competitive Landscape

The automotive temperature and humidity sensors market is moderately competitive and has gained a competitive edge in the past decade. However, with increased innovations and sustainable products, to maintain their position in the global market, many of the companies are increasing their market presence by securing new contracts by tapping new markets.

  • Apr 2018 - Robert Bosch has revealed its plans to build a smart plant for electronic components. The company is investing EUR 100 million in a new manufacturing plant in central Mexico and focusing on strengthening its local presence in North America.

Table Of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Introduction to Market Drivers and Restraints

    3. 4.3 Market Drivers

      1. 4.3.1 Stringent Emission Regulations for Automobiles

      2. 4.3.2 Growth in Electric and Autonomous Driving Vehicles

    4. 4.4 Market Restraints

      1. 4.4.1 Cost Pressure on Automotive OEM’s

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Industry Attractiveness - Porter's Five Force Analysis

      1. 4.6.1 Threat of New Entrants

      2. 4.6.2 Bargaining Power of Buyers/Consumers

      3. 4.6.3 Bargaining Power of Suppliers

      4. 4.6.4 Threat of Substitute Products

      5. 4.6.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Conventional (Temperature, Humidity)

      2. 5.1.2 Digital (Temperature, Humidity)

    2. 5.2 Vehicle Type

      1. 5.2.1 Passenger Cars

      2. 5.2.2 Commercial Vehicles

    3. 5.3 Application Type

      1. 5.3.1 Power Train

      2. 5.3.2 Body Electronics

      3. 5.3.3 Alternative Fuel Vehicles

      4. 5.3.4 Other Application Types

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia Pacific

      4. 5.4.4 Latin America

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Delphi Automotive LLP

      2. 6.1.2 TDK Corporation

      3. 6.1.3 TE Connectivity Ltd.

      4. 6.1.4 Sensata Technologies Inc.

      5. 6.1.5 Robert Bosch GmbH

      6. 6.1.6 NXP Semiconductor N.V.

      7. 6.1.7 Continental AG

      8. 6.1.8 Amphenol Advanced Sensors Germany GmbH

      9. 6.1.9 Panasonic Corporation

      10. 6.1.10 QTI Sensing Solutions

      11. 6.1.11 Murata Corporation

      12. 6.1.12 Analog Devices Inc.

  7. *List Not Exhaustive
  8. 7. INVESTMENT ANALYSIS

  9. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

** Subject to Availability

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