Global Automotive Temperature and Humidity Sensors Market is valued at approximately USD XX billion in 2021 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2022-2029. Automotive Temperature sensors are used to measure temperature at different places in a vehicle. Whereas, humidity sensors prevent misting-up of the windows and enhance comfort by managing the humidity levels inside the vehicle. Moreover, these sensors are also used 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 among others. The increasing adoption of Electric and Autonomous Driving Vehicles and growing usage in HVAC Applications as well as strategic initiatives from leading market players are key factors accelerating the market growth.
The increasing adoption of electric & autonomous driving vehicles is contributing towards the growth of the Global Automotive Temperature and Humidity Sensors Market. For instance – as per Statista – as of 2021, the global autonomous car market was valued at USD 27 billion, and the market is projected to grow to USD 62 billion by 2026. Moreover, the increasing usage of sensors in automotive HVAC applications is another key factor driving the market space. For instance, according to Statista – in 2020, the global market for heating, ventilation, and air conditioning (HVAC) was valued at USD 250.67 billion, and the market is projected to grow to USD 367.5 billion by 2030. Also, increasing demand for luxury passenger cars and rising advancements in automotive sensor technology would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Automotive Temperature and Humidity Sensors stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Automotive Temperature and Humidity Sensors Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing adoption of autonomous vehicles and presence of leading market players in the region. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising expansion of electric vehicles and growing automotive manufacturing sector in the region.
Major market players included in this report are:
- Analog Devices, inc.
- Continental AG
- Melexis NV
- Delphi Technologies
- Honeywell International
- NXP Semiconductors N.V.
- Sensata Technologies
- STMicroelectronics N.V.
- Sensirion AG
- Robert Bosch GmbH
Recent Developments in the Market:
In November 2022, Netherlands based ScioSense N.V. launched a new ENS21x family of high-performance digital temperature and humidity sensors. These new sensors are intended for application in home appliances, building and automotive HVAC, cold chain management, personal health and wellness monitoring, industrial automation, and instrumentation.
Global Automotive Temperature and Humidity Sensors Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Type, Vehicle Type, Application, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Vehicle Type
- Passenger Cars
- Commercial Vehicles
- Power Train
- Body Electronics
- Alternative Fuel Vehicles
- North America
- Asia Pacific
- South Korea
- Latin America
- Rest of the World