07-Sep-2020 | Zion Market Research
As per Zion Market Research, the global market for automotive temperature sensor was valued at USD 8.2 billion in 2019 and is expected to cross USD 13.88 billion by 2026, with a CAGR of almost 6%. The global market for automotive temperature sensor is led by a few companies such as Delphi, Robert Bosch, Panasonic, Continental, and TDK Corporation.
Based On Product, The Market For MEMS Temperature Sensors Is Predicted To Undergo The Max Development During The Coming Period
Based on product, the market for MEMS temperature sensors is predicted to undergo the max development during the coming period. With the growth of enhanced techs, the employment of enhanced MEMS temperature sensors has elevated. IC sensors, MEMS, and infrared temperature sensors are predicted to be upcoming techs, owing to lowering of the wiring harness and rising luxury vehicles all over the world. The MEMS temperature sensors are broadly employed in all primary enhanced applications of conventional as well as electric vehicles.
Based On EV Charging Tech, The Wireless Charging Technology Is Predicted To Develop At The Max Pace During The Coming Period
Based on EV charging tech, the wireless charging technology is predicted to develop at the max pace during the coming period. Tech in the automotive sector is evolving constantly. Wireless charging systems for EVs are attaining fame as they can competently charge EVs without the requirement to plug in cords or wires. Companies are hence designing this tech to enhance efficiency and offer a more suitable manner to charge cars. For example, Mercedes in 2016 declared the accessibility of wireless charging for its plug-in hybrid S550e luxury sedan.
Asia Pacific Is Predicted To Dominate The Market During The Coming Period, After Europe And North America
Asia Pacific is predicted to dominate the market during the coming period, after Europe and North America. The North American market is predicted to observe a slower development rate over Europe and Asia Pacific. Owing to strict government rules, the bulk of the cars in North America are fitted with security features. Therefore, there is a restricted scope of development in the region for temperature sensor applications. The market for automotive temperature sensor in North America is set to develop in the coming future.
Browse the full “Automotive Temperature Sensor Market - by Product (MEMS, Thermocouple, and IC Sensor), by Application (Exhaust, Engine, and Seats), by Usage (Gas, Air, and Liquid), by Technology (Contact, and Non-Contact), by EV Application (Motor and Battery), EV Charging Tech (Wireless and Wired), By Vehicle (Passenger Cars and Commercial Vehicles), and By Region - Global Industry Perspective, Comprehensive Analysis, and Forecast, 2020 – 2026.” Report at https://www.zionmarketresearch.com/report/automotive-temperature-sensor-market
The global automotive temperature sensor market is segmented as follows:
By Application Type
By Product Type
By Electric Vehicle Application
By EV Charging Technology
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