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Automotive Temperature Sensor Market to Reach $13.07 Billion by 2029, at a CAGR of 7.5%

21 Jan, 2025

What Trends Propelled The Automotive Temperature Sensor Market Growth in Recent Years?

The Automotive Temperature Sensor Market has been making steady gains in recent years, driven by the wider integration of electronic components in vehicles.
• In 2024, the market size was valued at $9.47 billion, which rose to $9.78 billion in 2025 marking a CAGR of 3.3%.
The growth in this period was fueled by an increased focus on energy efficiency and emission reduction, innovations in automotive safety regulations, a surge in consumer demand for comfort and convenience features, and the expansion of the electric vehicle market.

What Is the Forecasted Size and Growth Rate of the Automotive Temperature Sensor Market?

The automotive temperature sensor market is expected to continue its robust growth in the coming years.
• By 2029, the market size is projected to reach an impressive $13.07 billion, growing at a compounded annual growth rate (CAGR) of 7.5%.
This growth is expected due to the integration of temperature sensors in autonomous vehicles, upswing in demand for electric and hybrid vehicles, emphasis on in-cabin comfort and climate control systems, increased implantation of advanced driver assistance systems (ADAS), and the expansion of the internet of things (IoT) in automotive applications. Key trends include the miniaturization of temperature sensor components, the shift towards MEMS technology, the development of smart temperature sensing solutions, an increase in the use of temperature sensors in powertrain management, and the integration of temperature monitoring in connected car platforms.

What Are Key Drivers Propelling Growth Of The Automotive Temperature Sensor Market?

An increase in the prevalence of autonomous vehicles is expected to propel the growth of the automotive temperature sensor market going forward. Autonomous vehicles use temperature sensors to monitor engine temperatures and trigger cooling fans to maintain optimal engine temperature, thereby enhancing vehicle performance. For instance, a report published by the Insurance Institute for Highway Safety in December 2022 projects that there will be 3.5 million autonomous vehicles on American roads by 2025 and 4.5 million by 2030. Therefore, the rise in autonomous vehicles is positively impacting the automotive temperature sensor market growth.

How Is The Automotive Temperature Sensor Market Segmented?

The automotive temperature sensor market is categorized by:
1) By Product Type: Thermistor, Resistance Temperature Detector, Thermocouple, IC Temperature Sensor, MEMS Temperature Sensor, Infrared Sensor
2) By Technology: Contact, Non-Contact
3) By Usage: Gas, Liquid, Air
4) By Vehicle: Passenger Cars, Commercial Vehicle
5) By Application: Engine, Transmission, HVAC, Exhaust, Thermal Seats

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What Trends Are Shaping the Automotive Temperature Sensor Market?

Rapid advancements in technology have emerged as a key trend in the automotive temperature sensor market. Major companies are focusing on technological advancements to lead the market. For instance, in May 2022, Continental, a Germany-based automotive part manufacturing company, launched two new sensors, the Current Sensor Module (CSM) and the Battery Impact Detection (BID) system, for electrified vehicles. The CSM measures temperature between -40 °C and 125 °C.

Who Are The Major Players In The Automotive Temperature Sensor Market?

Major players operating in the automotive temperature sensor market include:
• Continental AG
• Panasonic Holdings Corporation
• Sensata Technologies Holding plc
• NXP Semiconductors NV
• Analog Devices Inc.
• Microchip Technology Inc.
• TE Connectivity Ltd.
• Rohm Semiconductor
• Murata Manufacturing Co Ltd
• ZF Friedrichshafen AG, and more

Which Region Dominates in the Automotive Temperature Sensor Market?

In 2024, Asia-Pacific was the largest and is expected to be the fastest-growing region in the automotive temperature sensor market. The regions covered in the report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.