Automotive Temperature Sensor Global Market Report 2024

The automotive temperature sensor is a crucial device designed to measure and detect heat in a vehicle, converting it into an electrical signal. This signal is then utilized to monitor and control the temperature for the optimal functioning and longevity of the vehicle. Various types of sensors are employed for this purpose, including thermistors, resistance temperature detectors (RTDs), thermocouples, IC temperature sensors, mems temperature sensors, and infrared sensors.

Thermistor sensors, known for their durability, are particularly effective in measuring and controlling temperature. A thermistor is a type of semiconductor that exhibits resistance to temperature changes. These sensors can be categorized based on technology into contact and non-contact types. Additionally, they find applications in various aspects of vehicles, including the engine, transmission, heating, ventilation, and air conditioning (HVAC) systems, exhaust systems, and thermal seats. The automotive temperature sensors contribute to maintaining the optimal temperature conditions for different vehicle components in both passenger cars and commercial vehicles.

The automotive temperature sensor market research report is one of a series of new reports that provides automotive temperature sensor market statistics, including global market size, regional shares, competitors with an automotive temperature sensor market share, detailed automotive temperature sensor market segments, market trends and opportunities, and any further data you may need to thrive in the automotive temperature sensor industry. This automotive temperature sensor market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive temperature sensor market size has grown steadily in recent years. It will grow from $9.28 billion in 2023 to $9.69 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth in the historic period can be attributed to the increased adoption of electronic components in vehicles, a growing focus on energy efficiency and emission reduction, advancements in automotive safety regulations, a rise in consumer demand for comfort and convenience features, and the expansion of the electric vehicle market.

The automotive temperature sensor market size is expected to see strong growth in the next few years. It will grow to $12.02 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to the integration of temperature sensors in autonomous vehicles, a surge in demand for electric and hybrid vehicles, emphasis on in-cabin comfort and climate control systems, the growing implementation of advanced driver assistance systems (ADAS), and the expansion of the Internet of Things (IoT) in automotive applications. Major trends in the forecast period include the miniaturization of temperature sensor components, a shift towards MEMS (Micro-Electro-Mechanical Systems) technology, the development of smart temperature sensing solutions, increasing use of temperature sensors in powertrain management, and the integration of temperature monitoring in connected car platforms.

The anticipated rise in autonomous vehicles is poised to drive significant growth within the automotive temperature sensor market. Autonomous vehicles operate without direct human intervention, relying on temperature sensors to monitor engine temperatures and activate cooling fans, thereby optimizing engine performance. In December 2022, the Insurance Institute for Highway Safety projected an estimated 3.5 million autonomous vehicles on American roads by 2025, with an expected increase to 4.5 million by 2030. This surge in autonomous vehicle prevalence serves as a catalyst propelling the growth of the automotive temperature sensor market.

The increasing adoption of electric vehicles (EVs) is set to significantly bolster the automotive temperature sensor market. EVs, powered by electric motors and rechargeable batteries, necessitate advanced temperature monitoring systems crucial for vehicle safety, efficiency, and longevity. The rising demand for electric vehicles has escalated the need for sophisticated temperature monitoring and control systems. According to a report published by the US Department of Energy in March 2022, EV sales surged by 85% in 2021, nearly doubling from 308,000 units in 2020 to 608,000. This robust increase in EV sales, which constituted 73% of all plug-in electric car sales in 2021, underscores the pivotal role of temperature sensors in ensuring optimal performance and safety within the EV ecosystem, thus propelling the automotive temperature sensor market growth.

Rapid technological advancements represent a prominent trend shaping the automotive temperature sensor market landscape. Leading companies within this sector are intensely focused on advancing sensor technologies to maintain a competitive edge. For example, in May 2022, Continental, a prominent Germany-based automotive parts manufacturing company, unveiled two cutting-edge sensors including the Current Sensor Module (CSM) and the Battery Impact Detection (BID) system, specifically designed for electrified vehicles. The CSM, functioning as a two-channel sensor, combines shunt technology and hall technology within a single unit, allowing temperature measurement within the range of -40°C to 125°C. This innovative sensor technology signifies the ongoing drive among industry leaders to develop state-of-the-art temperature sensors, marking a significant trend in the automotive temperature sensor market's evolution.

Key players in the automotive temperature sensor market are adopting a strategic partnership approach to strengthen their market position and broaden their reach across diverse customer segments. These strategic partnerships involve collaboration between companies, leveraging each other's strengths and resources to achieve mutual benefits and success. An example of this strategic partnership strategy occurred in February 2023 when Locon Sensor Systems Inc., a US-based sensor solutions provider, formed a partnership with Kriz, a UK-based high-temperature sensor provider. This collaboration allows both entities to capitalize on their respective strengths. Leveraging Locon's robust experience and proficiency in product distribution, Kriz Sensors gains an effective platform to distribute its products across the United States. The synergy between Locon's well-established distribution network and Kriz's superior products is expected to drive mutual growth and success for both companies.

In March 2022, CTS Corporation, a US-based electronic component manufacturing company, completed the acquisition of TEWA Temperature Sensors SP. Zo. o. for $24.5 million. This strategic acquisition is a move to bolster CTS's temperature sensing platform and expand its presence in the European market. The acquisition aligns with CTS's strategic objective of diversifying its foothold across various end markets. TEWA, a Poland-based manufacturer renowned for producing high-quality temperature sensors, is expected to enhance CTS's offerings significantly. The collaboration of TEWA's distribution network with CTS's direct selling model presents an opportunity to capitalize on synergies and bolster commercial growth.

Major companies operating in the in the automotive temperature sensor market report are Continental AG, Panasonic Holdings Corporation, Sensata Technologies Holding plc, NXP Semiconductors NV, Analog Devices Inc., Microchip Technology Inc., TE Connectivity Ltd., Rohm Semiconductor, Murata Manufacturing Co Ltd, ZF Friedrichshafen AG, Amphenol Corporation, Denso Corporation, Locon Sensor Systems Inc, MTI Industrial Sensors, Temperature Specialists Inc, Robert Bosch GmbH, Texas Instruments Incorporated, Siemens AG, Honeywell International Inc., Asea Brown Boveri Ltd., Endress+Hauser Management AG, Maxim Integrated, Emerson Electric Co., Tokyo Denki Kagaku Corporation, Infineon Technologies AG, Kongsberg Gruppen, Delphi Technologies, Automotive Electronics Council (AEC), Semiconductor Components Industries LLC, Melexis NV

Asia-Pacific was the largest region in the automotive temperature sensor market in 2023. Asia-Pacific is expected to be the fastest growing region in the forecast period. The regions covered in the automotive temperature sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the automotive temperature sensor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain.

The automotive temperature sensor market consists of revenues earned by entities by providing semiconductor-based ICs and resistance temperature detectors. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified)).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.


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