The global automotive temperature sensors market is forecasted to grow at a CAGR of close to 6% during the forecast period
Demands for safe and better automotive vehicles that are compliant with environmental regulations are few of the factors that are driving the demand for temperature sensors.Market Dynamics
Automobile sensorssends the signal to the driver after it observe any change in temperature or chemical. It optimizes the use of fuel and energy. Proper utilization of fuel and energy adds on to superior cabin experience Sensors helps to make life more convenient and saves energy.
Government is also coming with several policies to save energy as energy is very crucial. Increase in number of automobiles helps a developing country to gain traction. In addition to that growing demand for energy and fuel vehicles further drives the market.
Maturity and replacement issues are the major constraints for the market.Market Segmentation
The market is segmented on the basis of type, industry vertical, and geography.
Segmentation on the basis of type
--> Resistance Temperature Detector (RTD)
--> Temperature Sensor IC
--> Non-Contact Sensors
Segmentation on basis of Industrial Automotive Verticals
--> Aerospace & Defense
--> Oil & Gas
Segmentation by Geography:
Asia Pacific captures the largest segment of the market. Investment in the technology drives the demand for automotive temperature sensors.
Americas: Increase concerns over vehicle safety drives the market for America. The major contributors to the temperature sensors market in the America are US and Canada. The demand is driven by government regulations like strict emission norms and increasing concerns related to road safety.
EMEA: strict emission norms drive the market.
Exhaust management and exhaust after-treatment has adopted the emission sensors to develop technologically advanced automotive emission sensors that help vehicles to meet standards related to emissions.Key Players
The key players in the industry areContinental AG ,Sensirion AG, STMicroelectronics, Analog Devices, Melexis, , Robert Bosch, Denso Corporation and among others.
Key Topics Covered:Report Contents
> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key PlayersRegional Analysis:
> North America
>> US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe
> Eastern Europe
>> Rest of Eastern Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology
> Extensive Industry Structure Coverage
Publisher Name : Market Litmus