Due to the mushrooming uptake of automobiles, the demand for temperature sensors is increasing. In vehicles, the temperature of gases, liquids, and several systems is measured with sensors, so that the performance efficiency of automobiles can be maintained. With the rising sale of automobiles, particularly electric vehicles, the procurement of temperature sensors is growing.

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During the historical period (2014–2019), the automotive & aerospace category held the largest share in the market, as a result of the use of these instruments in vehicles being made mandatory by the government in a number of nations. Further, automobile production is increasing, and the aftermarket is expanding, which are further driving the demand for these devices in the automotive sector.

In 2019, Asia-Pacific (APAC) generated the highest revenue in the temperature sensor market, and the region would also display the fastest growth in the coming years. This is because of the fact that the sales of smartphones and automobiles are rising swiftly in China, India, and other regional countries, on account of the swift urbanization and increase in the disposable income of people. China is already the largest consumer of temperature sensors in the region and second largest in the world, following the U.S.

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The temperature sensor market competitive landscape is presently characterized by the various products being launched by companies, in order to dominate the competition. For instance, Heilind Electronics introduced the 5024 EGR temperature sensor developed by Sensata Technologies in February 2020. Offering stable performance up till 300 ⁰C, it works on the negative temperature coefficient (NTC) principle.