Automotive Temperature Sensor Market
The market for Automotive Temperature Sensor was estimated at $14.5 billion in 2024; it is anticipated to increase to $21.8 billion by 2030, with projections indicating growth to around $30.6 billion by 2035.
Global Automotive Temperature Sensor Market Outlook
Revenue, 2024
Forecast, 2034
CAGR, 2025 - 2034
The Automotive Temperature Sensor industry revenue is expected to be around $15.5 billion in 2025 and expected to showcase growth with 7.0% CAGR between 2025 and 2034. Their emergence symbolizes a wave of advancements in vehicle technology that emphasize precision and efficiency. They have become a feature across various types of vehicles including electric cars as well, as hybrids and those powered by fuel.
Playing a role in the intricate network of cars operations are Automotive Temperature Sensors that effectively oversee and regulate engine temperature to uphold optimal performance and safety standards in today's vehicles. Known for their reliability, precision and swift responsiveness these sensors have become components, in contemporary automobiles.
Market Key Insights
- The Automotive Temperature Sensor market is projected to grow from $14.5 billion in 2024 to $28.6 billion in 2034. This represents a CAGR of 7%, reflecting rising demand across Engine Management System, HVAC System Control and Cooling System Monitoring.
- Robert Bosch GmbH, Texas Instruments Incorporated, Analog Devices Inc are among the leading players in this market, shaping its competitive landscape.
- U.S. and Germany are the top markets within the Automotive Temperature Sensor market and are expected to observe the growth CAGR of 4.5% to 6.7% between 2024 and 2030.
- Emerging markets including India, Nigeria and Chile are expected to observe highest growth with CAGR ranging between 8.0% to 9.7%.
- Transition like Shift Towards Smart Sensors has greater influence in United States and Germany market's value chain; and is expected to add $770 million of additional value to Automotive Temperature Sensor industry revenue by 2030.
- The Automotive Temperature Sensor market is set to add $14.0 billion between 2024 and 2034, with manufacturer targeting Exhaust & HVAC Application projected to gain a larger market share.
- With Increasing safety standards, and Rise in automotive production, Automotive Temperature Sensor market to expand 97% between 2024 and 2034.