PUBLISHER: TechSci Research | PRODUCT CODE: 1879294
PUBLISHER: TechSci Research | PRODUCT CODE: 1879294
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The Global Automotive Temperature Sensor Market, valued at USD 18.35 Billion in 2024, is expected to grow at a CAGR of 7.42% to reach USD 28.19 Billion by 2030. Automotive temperature sensors play a crucial role in monitoring thermal conditions across systems such as engines, coolants, exhaust, and battery management, supporting vehicle performance, efficiency, and safety. Growth is driven by the rapid adoption of electric and hybrid vehicles that require advanced thermal management, alongside stringent global emission standards that demand precise temperature control to minimize pollutants. The increasing integration of Advanced Driver Assistance Systems also fuels demand, as these technologies depend on accurate real-time thermal data. Rising automotive production-surpassing 92.5 million units globally in 2024-supports market expansion, although high development and manufacturing costs for advanced technologies like MEMS-based and infrared sensors pose a significant barrier to adoption, particularly in price-sensitive segments.
| Market Overview | |
|---|---|
| Forecast Period | 2026-2030 |
| Market Size 2024 | USD 18.35 Billion |
| Market Size 2030 | USD 28.19 Billion |
| CAGR 2025-2030 | 7.42% |
| Fastest Growing Segment | Commercial Vehicles |
| Largest Market | Asia Pacific |
Key Market Drivers
The increasing electrification of vehicle powertrains
The growing shift toward electrified powertrains remains a major driver for the automotive temperature sensor market. Electric and hybrid vehicles require complex thermal management systems to safeguard and optimize the performance of battery packs, electric motors, and power electronics. These systems depend on numerous temperature sensors to maintain stable operating conditions and prevent overheating or excessive cooling. For instance, EV battery packs use multiple sensors to track individual cell temperatures, feeding critical insights to battery management systems. According to ACEA, EU registrations of new battery electric cars rose by 28.5% to 703,565 units in the first half of 2024, highlighting the expanding demand for specialized sensors. With electrification increasing system complexity, the number of temperature sensors per vehicle continues to grow.
Key Market Challenges
High development and production costs
The substantial development and manufacturing expenses associated with advanced sensor technologies-such as MEMS-based and infrared sensors-remain a major obstacle for the Global Automotive Temperature Sensor Market. These high-precision components require intensive research efforts, sophisticated engineering, and specialized production environments to meet strict automotive safety and reliability requirements. Such processes demand advanced equipment and skilled labor, elevating overall production costs. These high costs restrict wider market adoption, especially in budget-conscious vehicle categories and emerging markets where affordability is crucial. According to the Semiconductor Industry Association, U.S. semiconductor companies invested $107.5 billion in R&D and capital expenditures in 2023, reflecting the substantial financial burden behind the technologies that support advanced automotive sensors, thereby limiting their broader implementation.
Key Market Trends
Expansion of temperature sensor applications in autonomous driving systems
Temperature sensors are increasingly used in autonomous driving systems, driven by the need for comprehensive thermal monitoring beyond traditional powertrain applications. Higher-level autonomous vehicles require numerous sensors for environmental perception, self-localization, and internal system monitoring. According to the European Automobile Manufacturers Association, 87% of premium vehicles sold in Europe in 2023 featured ADAS technologies, reinforcing the widespread adoption of sensors supporting autonomous functions. Temperature sensors help regulate the thermal performance of LiDARs, cameras, and processors, ensuring consistent functionality under varying conditions. Bosch demonstrated this shift at CES 2023 with AI-enhanced radar sensors designed for SAE Level 3 capabilities. This growing reliance on automated systems is accelerating demand for highly robust, specialized temperature sensors capable of enduring complex operational environments.
In this report, the Global Automotive Temperature Sensor Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
Company Profiles: Detailed analysis of the major companies presents in the Global Automotive Temperature Sensor Market.
Global Automotive Temperature Sensor Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report: