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Major Players in Automotive Temperature Sensor Market 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.Co., Ltd., Denso Co., Ltd., Rocon Sensor Systems Co., Ltd., MTI Industrial Sensors Co., Ltd., and Temperature Specialist Co., Ltd.
NEW YORK, Dec. 05, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Automotive Temperature Sensor Global Market Report 2022: Impact of the Ukraine-Russia War” – https://www.reportlinker. com/p06370328/?utm_source=GNW
The global automotive temperature sensor market is projected to grow from $8.36 billion in 2021 to $9.16 billion in 2022, at a compound annual growth rate (CAGR) of 9.6%. The war between Russia and Ukraine has hampered any chances of the global economy recovering from the COVID-19 pandemic, at least in the short term. The war between the two countries has caused economic sanctions against multiple countries, soaring commodity prices, disrupted supply chains, and impacted many markets around the world. The automotive temperature sensor market is expected to reach $11.7 billion in 2026 with a CAGR of 6.3%.
The automotive temperature sensor market consists of sales of automotive temperature sensors by entities (organizations, sole proprietorships, partnerships) that are used to measure temperature inside vehicles. These devices are typically thermocouples, thermistors, resistance temperature detectors (RTDs), or infrared devices.
An automotive temperature sensor is a device that measures and detects the heat generated and converts it into an electrical signal. This can be determined by measuring the device and ensures temperature control for a long and healthy life of the vehicle.
The main product types of automotive temperature sensors are thermistors, RTDs, thermocouples, IC temperature sensors, MEMS temperature sensors, and infrared sensors. Thermistor sensors are used for temperature measurement and control and are durable.
A thermistor is a type of semiconductor that is resistant to temperature. Various technologies include contact and contactless.
Various applications include gases, liquids and air used in passenger and commercial vehicles. Some applications include engines, transmissions, HVAC, exhausts, and thermal sheets.
Asia Pacific was the largest region for the automotive temperature sensors market in 2021. Asia Pacific is expected to be the fastest growing region during the forecast period.
Regions covered by the Automotive Temperature Sensor Market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The increasing penetration of autonomous vehicles is expected to drive the growth of the automotive temperature sensor market in the future.Autonomous vehicles refer to automobiles that operate without the support of human efforts to navigate the road.
Automatic cars use temperature sensors to measure the vehicle’s engine temperature and turn on cooling fans accordingly to optimally maintain the desired engine temperature. This improves vehicle performance.
For example, in February 2022, according to a report published by Egypt-based car insurance company Carsurance, global production of self-driving cars will reach 39.06 million in 2021, an increase of 4.58 million from 2020. . The number of self-driving cars is driving the growth of the automotive temperature sensor market.
Rapid advancement in technology has emerged as a major trend gaining popularity in the automotive temperature sensor market.
For example, in May 2022, Germany-based auto parts manufacturer Continental will launch two new sensors for electrified vehicles: the Current Sensor Module (CSM) and the Battery Impact Detection (BID) system. Did. Channel sensor that integrates shunt and hall technology in one unit for measurement.
The CSM measures temperatures in the range -40°C to 125°C.
In October 2020, US-based auto parts provider BorgWarner Inc. acquired Delphi Technologies for a $3.3 billion transaction value. The acquisition will help BorgWarner increase its power vehicle and electronics portfolio, enter the UK market and expand its European operations. Delphi Technologies is a UK based automotive parts manufacturer.
The countries covered by the Automotive Temperature Sensor Market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, United Kingdom, United States.
The Automotive Temperature Sensor Market Research Report is one in a series of new reports providing statistics on the Automotive Temperature Sensor market. It includes global market size, regional share, competitors with automotive temperature sensors market share, detailed automotive temperature sensors market segments, market trends, opportunities, and other necessary to succeed in the automotive temperature sensors industry. Data of. This Automotive Temperature Sensor Market research report offers a complete outlook of everything you need with an in-depth analysis of the current and future scenarios of the industry.
Read the full report: https://www.reportlinker.com/p06370328/?utm_source=GNW
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