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