Automotive Temperature and Humidity Sensors Market Size & Growth, Future Demand, Global Research, Top Leading player, Emerging Trends, Region by Forecast to 2023
Global “Automotive Temperature and Humidity Sensors Market 2020-2023” has been providing up and changing the worldwide economy as far as growth rate, revenue, deal, market proposition, and scope. The Global Automotive Temperature and Humidity Sensors market Consumption market report is an extensive analysis of this corporate field, which has been established to be one of the most profitable business verticals in futures. The Report specifies the complete estimate of Global Automotive Temperature and Humidity Sensors market business terms, in addition to presenting a brief segmentation of the industry, the expansion opportunities, as well as Key region.
Top-Listed Players in Automotive Temperature and Humidity Sensors Market Research Report 2020-2023
- Texas Insstruments Incorporated
- Robert Bosch GmbH
- Freescale Semiconductor AG
- Honeywell International Inc.
- ABB Ltd
- Analog Devices
- Inc.
- General Electric Co.
- Kongsberg Gruppen
- Emerson Electric Company
- STMicroelectronics
- Delphi Automotive PLC
- NXP Semiconductors N.V.
- Infineon Technologies AG
- Sensata Technologies Inc.
- Continental AG
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Overview of Automotive Temperature and Humidity Sensors Market:
The automotive temperature and humidity sensors market was valued at USD 4.38 billion in 2017, and is expected to reach a value of USD 7.94 billion by 2023, at a CAGR of 10.40% over the forecast period (2020-2023). The regions considered in the scope of the report include North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa.Temperature and humidity sensing are one of the most important functions in automobile electronics. They are used in climate control and power-train applications. The most significant and conventional applications are power train and HVAC systems, followed by body electronics and alternative fuel. These sensors are used to measure engine temperature, engine oil temperature, exhaust gas temperature, fuel temperature, cabin temperature, etc., whereas humidity sensors can sense, measure, and control the moisture level in the air, as relative humidity is a vital factor in maintaining cabin comfort. These sensors are becoming increasingly important as there is growing consciousness about environmental cost, carbon footprint, and more energy-efficient systems.Rising HVAC Applications in Automobiles to Drive the Market GrowthHVAC units and distribution systems are an integral part of the cabin climate control function. To ensure the comfort of the occupants, i.e. drivers and the passengers, the right amount of conditioned air at desirable temperature and humidity levels should be delivered to the target locations. Adequate flow delivery is also important for the safe operation of a vehicle, which requires proper demist and defrost capabilities. Moreover, the increasing demand for luxury passenger cars in developed countries is propelling market growth. For instance, in the United States, there is a huge demand for luxury cars that primarily focus on passenger comfort and convenience. Due to the increasing purchasing power of the millennial population, there is a continuous demand for passenger cars. Premium vehicles and utilities continue to drive the sales of light vehicles, which cumulatively contribute to an increase in the demand for temperature and humidity sensors during the forecast period.Temperature Sensors to Dominate the MarketTemperature sensing and control are among the most important and well-established functions in automotive electronics. In automotive electronics, temperature sensors are found especially in climate control and powertrain applications. Temperature sensors in automotive applications cover a wide range of operating temperatures, high shock resistance and vibrational strength, high reliability, and long-term stability – even under harsh operating conditions. They are used to measure the temperature of the battery in both cell and coolant as well as motor and transmission oils. Thus, with the growth of automotive industry, temperature sensors are expected to account for an increased share in the market owing to their numerous benefits.Asia-Pacific is expected to be the Primary Market for Automotive Temperature and Humidity SensorsThe growth in the Asia-Pacific region owes to the growing automotive industry in countries such as China and India. The regulations regarding safety and emission controls in the region are expected to boost the market significantly during the forecast period. China accounted for the highest passenger car production in 2017 with 24.81 million units, followed by Japan with 8.35 million units, and India with 3.95 million units. Moreover, ongoing emission mandates, and increasing demand for safety systems such as ECU are positively influencing the automotive temperature sensor market in the Asia-Pacific region. Rapid urbanization has also resulted in increased pollution levels, thereby propelling the demand for fuel-efficient vehicles that are equipped with a temperature sensor in the engine and exhaust.
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Key Highlights from Automotive Temperature and Humidity Sensors Market Report 2020.
Revenue and Sales Estimation — Historical Revenue and sales volume is presented and further data is triangulated with top-down and bottom-up approaches to forecast complete market size and to estimate forecast numbers for key regions covered in the report along with classified and well recognized Types and end-use industry. Additionally, macroeconomic factor and regulatory policies are as curtained in Automotive Temperature and Humidity Sensors industry evolution and predictive analysis.
Manufacturing Analysis —the report is currently analyzed concerning various product type and application. The Automotive Temperature and Humidity Sensors Market provides a chapter highlighting manufacturing process analysis validated via primary information collected through Industry and Key officials of profiled companies.
Competition — Leading players have been analyzed depending on their company profile, product portfolio, capacity, product/service price, sales, and cost/profit.
Demand & Supply and Effectiveness — Automotive Temperature and Humidity Sensors Market report additionally provides distribution, Production, Consumption for the complete industry.
Automotive Temperature and Humidity Sensors Market Top Regions (regional analysis covers):-
- North America (the USA, Canada, and Mexico)
- Europe (Germany, France, UK, Russia, and Italy)
- Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
- South America, Middle East, and Africa
Reasons to Purchase the Report
- Current and future of automotive temperature sensors market analysis in the developed and emerging markets
- Analyzing various perspectives of the market with the help of Porter’s five forces analysis
- Regional analysis of the market
- Identify the latest developments, market shares, and strategies employed by the major market players
- 3 month analyst support, along with the Market Estimate sheet (in Excel)
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Automotive Temperature and Humidity Sensors Market 2020 Report Brief:-
- The report covers forecast and analysis for the Automotive Temperature and Humidity Sensors market on a global and regional level
- The report includes the drivers and the restraints that affect the growth of the market
- Detailed information about the market opportunities are discussed
- The key target audience for the market has been determined in the report
- The revenue generated by the prominent industry players has been analyzed in the report
- The market numbers have been calculated using top-down and the bottom-up approaches
- The market is segmented on the basis of product, technology, ownership, and end-user industry which in turn is bifurcated on the regional level as well
- All the segments have been evaluated based on the present and the future trends
- The report deals with the in-depth quantitative and qualitative analyses of the Automotive Temperature and Humidity Sensors market
- The report includes detailed company profiles of the prominent market players
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