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Global Automotive Temperature Sensors Market 2018-2022 by Application - Expected to Grow at a CAGR of 6% - ResearchAndMarkets.com

[February 08, 2018]

Global Automotive Temperature Sensors Market 2018-2022 by Application - Expected to Grow at a CAGR of 6% - ResearchAndMarkets.com

The "Global Automotive Temperature Sensors Market 2018-2022" report has been added to ResearchAndMarkets.com's offering.

Global automotive temperature sensors market to grow at a CAGR of 6% during the period 2018-2022.

The latest trend gaining momentum in the market is the growing automotive HVAC market to push wider adoption of temperature sensors. HVAC systems have more than 97% penetration in developed regions like North America and Europe, whereas, they lag behind in the case of emerging nations. However, with an increase in disposable income and availability of financing options, consumers are considering buying vehicles with HVAC systems in emerging markets, such as India. APAC being the hub for automotive industry, the increase in adoption of HVAC systems is expected to increase the adoption of temperature sensors during the forecast period.

According to the report, one of the major drivers for this market is that the automobile elecronics market grows with increasing concern about safety and security in vehicles. These sensors enhance the engine control and provide better safety, security, and comfort in a vehicle. Advanced electronic control units facilitate operations, such as driver assistance through navigation systems, in-vehicle infotainment through audio-video devices, and internet facility through in-built or plug-in modems.

The report has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors