The article cited AMA's "Global Automotive Temperature Sensors Market Study" explored substantial growth in North America and CAGR of 5.59%. According to the report, Stringent Government Regulations to Increase Fuel Efficiency and Reduce Emission
is one of the primary growth factors for the market. The Growth of Automotive Electronics
is also expected to contribute significantly to the Automotive Temperature Sensors market. Overall, Power Train
applications of Automotive Temperature Sensors, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Contact, is boosting the Automotive Temperature Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Vehicle Type, such as Light Commercial Vehicles, is boosting the Automotive Temperature Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The EV Charging Technology, such as Wired, is boosting the Automotive Temperature Sensors market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
AMAs Analyst on the Global Automotive Temperature Sensors market identified that the demand is rising in many different parts of the world as "Huge Demand Due To Growing Research and Development of Driverless Cars
". Furthermore, some recent industry insights like "On 5th November 2018, Bosch has launched MEMS sensors enable cars to navigate without GPS. At Munich's world-renowned electronics exhibition: electronica, Bosch has announced the new SMI230 six-axis inertial sensor. With this sensor onboard, navigation systems will not take their eye off the destination – even when the GPS signal is interrupted." is constantly making the industry dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global Automotive Temperature Sensors market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the Automotive Temperature Sensors market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall market size is calculated using market estimation process, the market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the market size has been validated using both top-down and bottom-up approaches.