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Global Automotive Temperature and Humidity Sensors Market to reach USD XX billion by the end of 2029

Global Automotive Temperature and Humidity Sensors Market Size study & Forecast, by Type (Analog and Digital), by Vehicle Type (Passenger Cars and Commercial Vehicles), by Application (Power Train, Body Electronics, and Alternative Fuel Vehicles) and Regional Analysis, 2022-2029

Product Code: EESC-72862648
Publish Date: 8-02-2023
Page: 200

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 Type
Analog
Digital

By Vehicle Type
Passenger Cars
Commercial Vehicles

By Application
Power Train
Body Electronics
Alternative Fuel Vehicles

By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Automotive Temperature and Humidity Sensors Market, by Region, 2019-2029 (USD Billion)
1.2.2. Automotive Temperature and Humidity Sensors Market, by Type, 2019-2029 (USD Billion)
1.2.3. Automotive Temperature and Humidity Sensors Market, by Vehicle Type, 2019-2029 (USD Billion)
1.2.4. Automotive Temperature and Humidity Sensors Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Automotive Temperature and Humidity Sensors Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Automotive Temperature and Humidity Sensors Market Dynamics
3.1. Automotive Temperature and Humidity Sensors Market Impact Analysis (2019-2029)
3.1.1. Market Drivers
3.1.1.1. Increasing adoption of Electric and Autonomous Driving Vehicles
3.1.1.2. Growing usage in HVAC Applications
3.1.1.3. Strategic initiatives from leading market players
3.1.2. Market Challenges
3.1.2.1. High Cost of Automotive Temperature and Humidity Sensors
3.1.3. Market Opportunities
3.1.3.1. Increasing demand for luxury passenger cars
3.1.3.2. Rising advancements in automotive sensor technology
Chapter 4. Global Automotive Temperature and Humidity Sensors Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Automotive Temperature and Humidity Sensors Market, by Type
6.1. Market Snapshot
6.2. Global Automotive Temperature and Humidity Sensors Market by Type, Performance – Potential Analysis
6.3. Global Automotive Temperature and Humidity Sensors Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Automotive Temperature and Humidity Sensors Market, Sub Segment Analysis
6.4.1. Analog
6.4.2. Digital
Chapter 7. Global Automotive Temperature and Humidity Sensors Market, by Vehicle Type
7.1. Market Snapshot
7.2. Global Automotive Temperature and Humidity Sensors Market by Vehicle Type, Performance – Potential Analysis
7.3. Global Automotive Temperature and Humidity Sensors Market Estimates & Forecasts by Vehicle Type 2019-2029 (USD Billion)
7.4. Automotive Temperature and Humidity Sensors Market, Sub Segment Analysis
7.4.1. Passenger Cars
7.4.2. Commercial Vehicles
Chapter 8. Global Automotive Temperature and Humidity Sensors Market, by Application
8.1. Market Snapshot
8.2. Global Automotive Temperature and Humidity Sensors Market by Application, Performance – Potential Analysis
8.3. Global Automotive Temperature and Humidity Sensors Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
8.4. Automotive Temperature and Humidity Sensors Market, Sub Segment Analysis
8.4.1. Power Train
8.4.2. Body Electronics
8.4.3. Alternative Fuel Vehicles
Chapter 9. Global Automotive Temperature and Humidity Sensors Market, Regional Analysis
9.1. Automotive Temperature and Humidity Sensors Market, Regional Market Snapshot
9.2. North America Automotive Temperature and Humidity Sensors Market
9.2.1. U.S. Automotive Temperature and Humidity Sensors Market
9.2.1.1. Type breakdown estimates & forecasts, 2019-2029
9.2.1.2. Vehicle Type breakdown estimates & forecasts, 2019-2029
9.2.1.3. Application breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Automotive Temperature and Humidity Sensors Market
9.3. Europe Automotive Temperature and Humidity Sensors Market Snapshot
9.3.1. U.K. Automotive Temperature and Humidity Sensors Market
9.3.2. Germany Automotive Temperature and Humidity Sensors Market
9.3.3. France Automotive Temperature and Humidity Sensors Market
9.3.4. Spain Automotive Temperature and Humidity Sensors Market
9.3.5. Italy Automotive Temperature and Humidity Sensors Market
9.3.6. Rest of Europe Automotive Temperature and Humidity Sensors Market
9.4. Asia-Pacific Automotive Temperature and Humidity Sensors Market Snapshot
9.4.1. China Automotive Temperature and Humidity Sensors Market
9.4.2. India Automotive Temperature and Humidity Sensors Market
9.4.3. Japan Automotive Temperature and Humidity Sensors Market
9.4.4. Australia Automotive Temperature and Humidity Sensors Market
9.4.5. South Korea Automotive Temperature and Humidity Sensors Market
9.4.6. Rest of Asia Pacific Automotive Temperature and Humidity Sensors Market
9.5. Latin America Automotive Temperature and Humidity Sensors Market Snapshot
9.5.1. Brazil Automotive Temperature and Humidity Sensors Market
9.5.2. Mexico Automotive Temperature and Humidity Sensors Market
9.5.3. Rest of Latin America Automotive Temperature and Humidity Sensors Market
9.6. Rest of The World Automotive Temperature and Humidity Sensors Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. Analog Devices, Inc.
10.2.1.1. Key Information
10.2.1.2. Overview
10.2.1.3. Financial (Subject to Data Availability)
10.2.1.4. Product Summary
10.2.1.5. Recent Developments
10.2.2. Continental AG
10.2.3. Melexis NV
10.2.4. Delphi Technologies
10.2.5. Honeywell International
10.2.6. NXP Semiconductors N.V.
10.2.7. Sensata Technologies
10.2.8. STMicroelectronics N.V.
10.2.9. Sensirion AG
10.2.10. Robert Bosch GmbH
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

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Data Collection:
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To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
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In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
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