Stringent Emission Norms for Automobiles drives Automotive Temperature Sensor Market.


Posted March 20, 2019 by rechaldey

Market is estimated to be USD 62.53 billion in 2017, and is projected to reach USD 92.59 billion by 2022, at a CAGR of 8.17% during the forecast period. The base considered for the study is 2016, and the forecast period is 2017 to 2022.

 
According to the market research report Automotive Temperature Sensor Market by Application (Engine, Exhaust, Seats), Product (Thermocouple, MEMS, IC Sensor), Usage, Technology, EV Application (Battery, Motor), EV Charging Tech (Wired, Wireless), Vehicle, and Region - Global Forecast to 2025, published by MarketsandMarkets™, The increasing demand for the high-performance engine would propel the demand for automotive temperature sensor. Also, Tier 1 manufacturers are forming collaborations and joint ventures to offer advanced technology and innovative products.

Market is estimated to be USD 62.53 billion in 2017, and is projected to reach USD 92.59 billion by 2022, at a CAGR of 8.17% during the forecast period. The base considered for the study is 2016, and the forecast period is 2017 to 2022.

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Continental AG is one of the top 5 automotive suppliers in the world. The company established its automotive system’s division in 1995 to further expand its systems business within the automotive industry. It operates in two business groups—automotive group and rubber group. The company provides a wide range of automotive sensors such as position sensor, mass airflow sensor, temperature sensor, and smart NOx sensor. The company invests heavily in research and development to innovate new technologies. For instance, in 2015, the company inaugurated a 13,000 square meter facility to expand its R&D capabilities in Bangalore (India). This facility would help to meet the increasing demand for engineering and software development skills and support the global R&D projects and local customers.

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TDK Corporation is another key player in the automotive temperature sensor market. The company offers negative temperature coefficient thermistor for automotive application. The company focuses on mergers & acquisitions to stay ahead of its competitors and increase its product capabilities. For instance, in May 2017, TDK acquired InvenSense for innovating next-generation products and provide a new platform with sensor fusion that combines various sensor technologies.

Browse and in-depth TOC on Automotive Temperature Sensor Market
108 - Tables
78- Figures
182 – Pages

The global automotive temperature sensor market is dominated by a few players such as Robert Bosch (Germany), Continental (Germany), Panasonic (Japan), Delphi (UK), and TDK Corporation (Japan).



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Last Updated March 20, 2019