Market Size of Automotive Temperature and Humidity Sensors Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 10.77 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Automotive Temperature and Humidity Sensors Market Analysis
The Automotive temperature and humidity sensors market is expected to grow at a CAGR of 10.77% over the forecast period. 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 Europe continue to hold forte, while emerging nations, like India, are expected to record robust growth over the forecast period.
- Several automotive sensors monitor temperature changes, chassis solutions for roof and convertible switches, and seat position. Temperature and Humidity sensors are integrated into HVAC systems to prevent the fogging of windscreens and energy management. Vehicles frequently use humidity sensors to monitor the dew point and improve air quality. The sensors are also placed near the exhaust chamber to maintain urea quality, level, and temperature. Some of these sensors include urea pump pressure and exhaust gas temperature (EGTS) sensors.
- Every automobile is equipped with a fuel sensor to constantly check the fuel's temperature to determine whether the fuel utilization is efficient. If the engine's power is cold, a more extended period is taken to burn due to its high density. If the fuel is warm, it will take less time to burn. Here, the main problem is the varying inflow levels which could lead to the injury of certain parts of an automobile. This sensor will monitor the petroleum and ensures that injected at the right speed and temperature.
- However, the effects of COVID-19 on this market are only transient because only the production and supply chain is stalled. As the post-pandemic situation normalized, the production, supply chains, and demand for automotive temperature and humidity sensors gradually increased. The post-COVID-19 case will persuade companies to consider more advanced automotive temperature and humidity sensors to boost efficiency.
- Moreover, while safety regulations have boosted the growth of sensors, environmental regulations have been a significant driver for temperature sensor applications. And as per UBS, the global market for sensor semiconductors in autonomous vehicles is expected to reach a value of USD 30 billion by 2030. High growth in automotive sales may lead to potential growth for the automotive temperature and humidity sensors during the forecast period.
- Further, as per the study conducted by the Semiconductor Industry Association, In June 2022, The Semiconductor Industry Association (SIA) reported that sales for the semiconductor industry worldwide were USD 50.9 billion in April 2022, an increase of 21.1% over the USD 42.0 billion in April 2021 and 0.7% over the USD 50.6 billion in March 2022. The growth is mainly driven by the high demand from factory automation and a significant increase in the adoption of sensors in the automotive industry.
- It is anticipated that the high cost of the systems and installations is anticipated toThe restrict the market growth. Additionally, it is expected that the market will need help due to the growing demand for temperature and humidity sensors with better technical specifications. Potential component supply chain disruptions harm the market by reducing sales and production from a sensor standpoint.
Automotive Temperature and Humidity Sensors Industry Segmentation
Automobiles come with temperature sensors that can measure the temperature of the engine oil, gas, air, and cabin. Temperature and humidity sensing are automotive electronics' most essential and well-established features. They are helpful in systems like climate control and powertrains. These sensors are becoming more and more valuable as people's awareness of environmental costs, carbon footprints, and energy-efficient systems increases. The most effective and well-established applications are the power train, HVAC, body electronics, and alternative fuel.
The Automotive Temperature and Humidity Sensors Market are segmented by Type (Conventional, Digital), Vehicle Type (Passenger Cars, Commercial Vehicles), Application Type (Power Train, Body Electronics, Alternative Fuel Vehicles), and Geography (North America, Europe, Asia Pacific, Latin America, Middle East, and Africa). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments.
Type | |
Conventional (Temperature, Humidity) | |
Digital (Temperature, Humidity) |
Vehicle Type | |
Passenger Cars | |
Commercial Vehicles |
Application Type | |
Power Train | |
Body Electronics | |
Alternative Fuel Vehicles | |
Other Application Types |
Geography | |||||||
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Automotive Temperature and Humidity Sensors Market Size Summary
The automotive temperature and humidity sensors market is poised for significant growth, driven by the expanding automotive industry and the increasing demand for advanced sensor technologies. These sensors play a crucial role in enhancing vehicle safety and efficiency by monitoring temperature and humidity levels within various automotive systems, such as HVAC and battery management systems. The market is experiencing robust growth in regions like the United States, China, and Europe, with emerging markets such as India also contributing to the upward trend. The integration of these sensors in electric and hybrid vehicles is particularly noteworthy, as they help manage battery performance and improve energy efficiency. The post-pandemic recovery has further accelerated the demand for these sensors, as automotive manufacturers seek to innovate and enhance vehicle performance.
The market landscape is moderately competitive, with key players like Robert Bosch GmbH, TDK Corporation, and TE Connectivity Ltd. actively expanding their product offerings and market presence. Innovations in sensor technology, such as high-temperature and ultra-low power consumption sensors, are driving market growth. The increasing adoption of electric vehicles and autonomous cars is expected to further boost the demand for temperature and humidity sensors. Additionally, stringent safety and environmental regulations are propelling the market, particularly in the Asia-Pacific region, where rapid urbanization and pollution concerns are driving the need for fuel-efficient vehicles. As the automotive industry continues to evolve, the demand for advanced sensor solutions is anticipated to rise, offering significant growth opportunities for market participants.
Automotive Temperature and Humidity Sensors Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview (Covers the Impact of COVID-19)
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1.2 Industry Attractiveness - Porter's Five Forces Analysis
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1.2.1 Threat of New Entrants
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1.2.2 Bargaining Power of Consumers
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1.2.3 Bargaining Power of Suppliers
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1.2.4 Threat of Substitute Products
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1.2.5 Intensity of Competitive Rivalry
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1.3 Industry Value Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Conventional (Temperature, Humidity)
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2.1.2 Digital (Temperature, Humidity)
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2.2 Vehicle Type
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2.2.1 Passenger Cars
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2.2.2 Commercial Vehicles
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2.3 Application Type
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2.3.1 Power Train
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2.3.2 Body Electronics
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2.3.3 Alternative Fuel Vehicles
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2.3.4 Other Application Types
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Spain
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2.4.2.5 Rest of Europe
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2.4.3 Asia Pacific
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2.4.3.1 China
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2.4.3.2 India
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2.4.3.3 Japan
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2.4.3.4 Rest of Asia Pacific
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2.4.4 Latin America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Rest of Latin America
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2.4.5 Middle East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 United Arab Emirates
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2.4.5.3 South Africa
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2.4.5.4 Rest of Middle East and Africa
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Automotive Temperature and Humidity Sensors Market Size FAQs
What is the current Automotive Temperature and Humidity Sensors Market size?
The Automotive Temperature and Humidity Sensors Market is projected to register a CAGR of 10.77% during the forecast period (2024-2029)
Who are the key players in Automotive Temperature and Humidity Sensors Market?
Robert Bosch GmbH, TDK Corporation, TE Connectivity Ltd., Sensata Technologies, Inc. and NXP Semiconductor N.V. are the major companies operating in the Automotive Temperature and Humidity Sensors Market.