Global Automotive Fuel Temperature Sensor Industry to reach USD XX billion by 2025.
Global Automotive Fuel Temperature Sensor Industry valued approximately USD XX billion in 2017 is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2019-2025. The Automotive Fuel Temperature Sensor Industry is continuously growing in global scenario over the upcoming years. Fuel Temperature Sensor (FTS) is designed to measure the temperature of a vehicle's fuel and relay this information to the engine control unit, so that it can optimize the air-to-fuel mix ratio, depending on what the fuel temperature is with respect to the intake air temperature. Rising purchasing power of the population, growing government support increasing applications of temperature sensors and increasing demand of passenger cars are the key driving factors of the Industry across the world. Furthermore, increasing penetration of electric vehicle and sensor fusion technology is creating lucrative opportunity in the Industry over the upcoming years. The automotive fuel temperature sensors are used to monitor the temperature of vehicles and sensing the temperature of liquid gaseous in vehicle. These benefits of Automotive Fuel Temperature Sensor also increasing demand among its end-user industries over the upcoming years. However, high cost associated with the sensors, fluctuating prices of raw material and limitation of temperature sensors are the factors which limiting the Industry growth over the upcoming years.
The regional analysis of Global Automotive Fuel Temperature Sensor Industry is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region in the global Automotive Fuel Temperature Sensor Industry due to rising regulation associated with safety and emission controls in the region such as China and India. Europe is also estimated to grow in the global Automotive Fuel Temperature Sensor Industry over the forecasted period 2019-2025. However, North America is witness to slower growth rate due to stringent government regulation imposed by government in the region.
Automotive Fuel Temperature Sensor Industry Share and Size by 2019-2025
Automotive Fuel Temperature Sensor Market Segmentation:
* Analog Sensors
* Digital Sensors
* Passenger Cars
* Commercial Vehicles
* North America
- Rest of Europe
- Rest of Asia-Pacific
- Latin America
- Middle East & Africa
Major Market Players in Automotive Fuel Temperature Sensor Market are as follows:
LS Automotive (Korea)
AB Elektronik Sachsen (Germany)
Cable Technica (Japan)
Fuji Kohgy - (Japan)
Shibaura Electronics (Japan)
Tohoku Shibaura Electronics (Japan)