MarketsandMarkets’ report "Automotive Temperature Sensor Market” forecasts the global market for automotive temperature sensors to grow at a CAGR of 5.58% from 2017 to 2025, to reach a market size of $11.89 Billion by 2025 from $7.70 Billion in 2017. The major factors driving the growth of the Automotive Temperature Sensor Market are the increasing installation of electronic systems such as engine control unit, stringent emission norms introduced by the government, and rising preference of vehicle electrification among OEMs and Tier I suppliers.
- Engine application holds the largest market share in 2017
- Thermistor temperature sensor is estimated to hold the largest market share from 2017 to 2025
- Asia Pacific: China to hold the largest share of Asia Pacific Automotive Temperature Sensor Market
- Major players in the temperature sensor market are Robert Bosch (Germany), Continental (Germany), Panasonic (Japan), Delphi (UK), TDK Corporation (Japan), Sensata (US), Texas Instruments (US), NXP (Netherlands), Analog Devices (US), and Microchip (US) among others.
For more enlightenment, you can browse the report.
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