Automotive Temperature and Humidity Sensors Market 2021: Industry Trends and Growth Rate, Product and Application Segmentation, Key Companies and Regional Analysis by 2024

Automotive Temperature and Humidity Sensors

The report focuses on the favorable Global “Automotive Temperature and Humidity Sensors market” and its expanding nature. The Automotive Temperature and Humidity Sensors market report provides a comprehensive study of the market segmentation, service providers, stockholders, sponsors, and important market players, size, and share, market dynamics such as the growth drivers, restraints, challenges, and opportunities.

Market Overview:

  • The automotive temperature and humidity sensors market was valued at USD 4.83 billion in 2018 and is expected to reach a value of USD 8.90 billion by 2024, at a CAGR of 10.77% over the forecast period (2019-2024). The automotive industry has grown significantly in the past five years, aided by the growth in unit volumes and the emergence of high innovation companies. The United States, China, and continue to hold forte, while emerging nations, like India, are expected to record robust growth over the forecast period.
  • – Owing to an increase in the purchasing power of the millennial population, there is a continuous demand for passenger cars in the market. For an average consumer, trucks are reliable options, as they have better fuel efficiency and safety features. These factors drive the growth of heavyweight vehicles, thereby boost the market growth.
  • – The stringent government regulations that are imposed regarding safety and emission controls in North , , and Latin , are expected to boost the market significantly over the forecast period. The Middle East & African market is estimated to show stagnant growth over the forecast period.
  • – The growing automotive HVAC market, which is facilitating broader adoption of temperature and humidity sensors, is one of the major trends contributing to the growth of the car temperature sensor market.
  • – The increased adoption of electric vehicles in the developing countries coupled with the developed countries is also favoring the market growth. For instance, the Ford Motor Company plans to double its electrified vehicle spending, which is a part of an investment tsunami in batteries and electric cars.

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    Key Manufacturers

  • Texas Instruments 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

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    Automotive Temperature and Humidity Sensors market report focuses on the latest trends in the global and regional spaces on all the significant components, including the capacity, cost, price, technology, supplies, production, profit, and competition. Moreover, the old data and present development of the Automotive Temperature and Humidity Sensors market have been given in the scope of the report. The latest trends, product portfolio, demographics, geographical segmentation, and regulatory framework of the Automotive Temperature and Humidity Sensors market have also been involved in the study.

    Scope of the Report:

  • Temperature and humidity sensors are one of the most important components of an automobile that are required to perform some of the most important electronic functions. These sensors measure engine temperature, engine oil temperature, exhaust gas temperature, fuel temperature, cabin temperature and moisture level in the air. This report segments the market by type( Temperature sensors and humidity sensors), Technology( CMOS, MEMS, and Others), Application( Powertrain, Body electronics, Alternative Fuel Vehicles and others), and Geography.

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    TOC of Automotive Temperature and Humidity Sensors Market Report Covered:

    Introduction, Research Methodology, Executive Summary, Key Inferences, Market Overview, Automotive Temperature and Humidity Sensors market Dynamics, Market Segmentation, Competitive Landscape, Key Players, Future of the Market, and continued…

    Reasons to Purchase Automotive Temperature and Humidity Sensors Market Report Covered:

    • The report analyses how Automotive Temperature and Humidity Sensors market will grow in the future.
    • Analyzing various perspectives of the Automotive Temperature and Humidity Sensors market with the help of Porter’s five forces analysis.
    • Study on the product type that is expected to dominate the market and regions that are expected to witness the fastest growth during the forecast period
    • Recognize the new developments, Automotive Temperature and Humidity Sensors market shares and policies employed by the major market players.
    • Competitive landscape including the Automotive Temperature and Humidity Sensors market share of major players along with the key policies accepted for development in the past five years
    • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis and strategies employed by the major Automotive Temperature and Humidity Sensors market players

    Key Market Trends:

    Humidity Sensors are Expected to Witness a Substantial Growth

    – Humidity sensing is one of the most important functions of automotive electronics. Humidity sensors can sense, measure and control the moisture levels in the air as relative humidity becomes an important factor when it comes to maintaining the cabin comfort.
    – The automotive companies to gain more competitive advantage over competitors are in the phase of adopting humidity sensors that could provide greater cabin comfort to their consumers. For instance, Fiat Chrysler Automobiles in its new 2019 Jeep Cherokee LATITUDE PLUS FWD has adopted a humidity sensor that helps to maintain the cabin comfort for the passengers.
    – The recent innovations and technological advancements in the fields of automotive electronics is expected to drive the market during the forecast period. For instance, Toyota in September 2017, patented Moisture-Sensing Auto Defrost To Clear Windows. A technology that would use a bevy of sensors that would help in the measurement of outside air temperature, inside air temperature and moisture levels inside the cabin.
    – Moreover, humidity sensors are of prime importance in rising electric vehicles as the battery in such vehicles is cooled by air or water to prevent overheating during vehicle operation. This increases the chances of moisture getting condensed inside of a battery which increases the chances of a short circuit. To prevent this, companies have started using humidity sensors that help not only in improving safety but also helps in reduce their power consumption and increase their lifetime.

    Asia-Pacific is Expected to Register a Significant Growth Rate

    – The growth in the Asia-Pacific region is attributed 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 in April 2018, announced that it is ready to scrap foreign ownership caps on automakers by 2022. In a move which would end foreign ownership caps on local auto companies by 2022 and would ward off all the restrictions on new-energy vehicle ventures that would make the market wider and open to new car makers. initiatives like these would boost the humidity and temperature sensors market in a positive way.
    – The National Development and Reform Commission of the People’s Republic of China on December 18, 2018, has said that it would ban the manufacturing of new enterprises that would make only traditional combustion engines amidst the countrywide rush towards new energy vehicles (NEVs). Humidity sensors being an integral part of an electric vehicle an initiative like this would boost the automotive temperature and humidity sensors market during and beyond the forecast period.

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    Study objectives of Automotive Temperature and Humidity Sensors Market Report:

    • To provide a detailed analysis of the market structure along with the Automotive Temperature and Humidity Sensors market forecast of various segments and sub-segments of the Automotive Temperature and Humidity Sensors market
    • To provide insights into factors influencing and affecting market growth
    • To provide historical, current, and forecast revenue of market segments based on material, type, design, and end user
    • To provide historical, current, and forecast revenue of market segments and sub-segments with respect to regional markets and key countries
    • To provide strategic profiling of key players in the market, comprehensively analyzing their market shares, core competencies, and drawing a competitive landscape for the market
    • To provide economic factors, technology and Automotive Temperature and Humidity Sensors market trends that influence the global Automotive Temperature and Humidity Sensors market

    Detailed TOC of Automotive Temperature and Humidity Sensors Market Report 2019-2024:

    1 INTRODUCTION

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Introduction to Market Drivers and Restraints
    4.3 Market Drivers
    4.3.1 Increasing HVAC Applications
    4.3.2 Growth in Electric and Autonomous Driving Vehicles
    4.3.3 Stringent Emission Regulations for Automobiles
    4.4 Market Restraints
    4.4.1 High Initial Costs Challenge the Market Growth
    4.5 Industry Value Chain
    4.6 Industry Attractiveness – Porter’s Five Force Analysis
    4.6.1 Threat of New Entrants
    4.6.2 Bargaining Power of Buyers/Consumers
    4.6.3 Bargaining Power of Suppliers
    4.6.4 Threat of Substitute Products
    4.6.5 Intensity of Competitive Rivalry
    4.7 Technology Snapshot

    5 MARKET SEGMENTATION
    5.1 By Type
    5.1.1 Temperature sensor
    5.1.1.1 Electrical
    5.1.1.2 Resistive
    5.1.2 Humidity Sensor
    5.1.2.1 Capacitive
    5.1.2.2 Resistive
    5.2 By Technology
    5.2.1 CMOS
    5.2.2 MEMS
    5.2.3 Other Technologies
    5.3 By Application
    5.3.1 Powertrain
    5.3.2 Body Electronics
    5.3.3 Alternative fuel Vehicles
    5.3.4 Other Applications
    5.4 Geography
    5.4.1 North
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.2
    5.4.2.1 Germany
    5.4.2.2 United Kingdom
    5.4.2.3 France
    5.4.2.4 Rest of
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Rest of Asia-Pacific
    5.4.4 Latin
    5.4.4.1 Brazil
    5.4.4.2 Argentina
    5.4.4.3 Mexico
    5.4.4.4 Rest of Latin
    5.4.5 Middle East & Africa
    5.4.5.1 UAE
    5.4.5.2 Saudi Arabia
    5.4.5.3 Turkey
    5.4.5.4 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Texas Instruments Incorporated
    6.1.2 Robert Bosch GmbH
    6.1.3 Freescale Semiconductor AG
    6.1.4 Honeywell International Inc.
    6.1.5 ABB Ltd
    6.1.6 Analog Devices, Inc
    6.1.7 General Electric Co.
    6.1.8 Kongsberg Gruppen
    6.1.9 Emerson Electric Company
    6.1.10 STMicroelectronics
    6.1.11 Delphi Automotive PLC
    6.1.12 NXP Semiconductors N.V.
    6.1.13 Infineon Technologies AG
    6.1.14 Sensata Technologies Inc.
    6.1.15 Continental AG

    7 INVESTMENT ANALYSIS

    8 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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