Automotive Temperature Sensors Market Size, Share, Trends, Analysis and Forecasts To 2021
Market Research analysts forecast the global automotive temperature sensors market to grow at a CAGR of 5.83 % during the period 2017-2021.
According to the report, one of the major drivers for this market is increasing end-user concerns regarding vehicle security, environmental safety, and need for better performance. The automotive industry has been witnessing a growing consumer demand for fuel-efficiency, safety, reduced emissions in the interests of promoting a better driving and travel experience. This is increasing the number of temperature sensors that increase the efficiency of powertrain operation and provide comfort through climate control. Pressure sensors, position sensors, temperature sensors, and speed sensors are some of the sensors that offer high efficiency to the powertrain.
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Further, the report states that one of the major factors hindering the growth of this market is commoditization in automotive MEMS sensors. MEMS sensors are adopted in the automotive segment for quite some time owing to the compact size and smaller external packaging than traditional technologies. The MEMS technology has a penetration rate of about 90 % in the pressure sensors category, and other applications such as safety systems that are mandated by government authorities will saturate the developed markets such as the US and Europe. Therefore, subsequent growth will be organic through emerging markets such as India, China, and Brazil.
About Automotive Temperature Sensors
Temperature sensors are used to measure the temperature by converting thermal energy into electrical energy, which is used to interpret the temperature. The rising requirement for precise measurements and data drove the demand for the automotive temperature sensors in a wider segment of passenger cars, especially mid-segment cars. The report covers only automotive temperature sensors.
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Covered in this report
The report covers the present scenario and the growth prospects of the global automotive temperature sensors market for 2017-2021. To calculate the market size, the report considers the revenue generated