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Saudi Arabia Automotive Temperature Sensor Market

Saudi Arabia Automotive Temperature Sensor Market

Saudi Arabia Automotive Temperature Sensor Market, By Sensor Type (Temperature Sensor, Pressure Sensor, Oxygen Sensor, Position Sensor, Motion Sensor, Torque Sensor, Optical Sensor), By Vehicle Type (Passenger Cars, Commercial Vehicles), By Application (ADAS, Chassis, Power Train), By Technology (MEMs, Non-MEMs), Trend Analysis, Competitive Landscape & Forecast, 2022–2028

  • Published Date: November 2022
  • Report ID: BWC22530
  • Available Format: PDF
  • Page: 107

Report Overview

Rising customer awareness about vehicle safety, a shift in consumer preference toward alternative fuel vehicles, ongoing sensor technology developments, and increasing use of connected cars along with high adoption of electric vehicles are expected to propel the expansion of Saudi Arabia Automotive Temperature Sensor Market at a steady growth rate during forecast period between 2022 and 2028.

Saudi Arabia Automotive Temperature Sensor Market - Industry Trends & Forecast Report, 2028

Saudi Arabia Automotive Temperature Sensor Market size is projected to grow at a CAGR of 8.5% during the forecast period between 2022 and 2028. Major growth factors for Saudi Arabia automotive temperature sensor market include an increasing focus on vehicle and passenger safety and growing consumer preference towards alternative fuel cars. Furthermore, an increasing adoption of the sensor technology in automotives to navigate through harsh weather conditions and high disposable income among people that results in high adoption of private vehicles are also expected to propel the growth of Saudi Arabia automotive temperature sensor market. In addition, stringent government safety regulations by Saudi Guidelines, Metrology, and Quality Organization (SASO) for new vehicles coupled with automobile manufacturers increased focus on designing electronic components, safety sensors, and smart braking systems is predicted to further fuel the Saudi Arabia automotive temperature sensor market growth during the period in analysis.

Saudi Arabia Automotive Temperature Sensor Market – Overview

Temperature sensors are employed to track the engine, exhaust, heating, ventilation, and air Conditioning (HVAC), and transmission temperatures. There are two types of temperature sensors used in automobiles: contact temperature sensors and non-contact temperature sensors. Contact temperature sensors include thermocouple, resistance temperature detector (RTD), thermistor, and bimetallic thermistor, whereas non-contact temperature sensors include the pyrometer or infrared temperature sensors. The sensor precisely monitors essential fluid and inbound air temperatures, ensuring vehicles life span. The data is then sent to the ECU (electronic control unit), which uses it to calculate the optimal amount of fuel and air for maximum performance and economy. Furthermore, the automotive sector has grown dramatically in recent years, fueled by increased unit sales and the adoption of new technologies, such as for safety, entertainment, or sheer innovation. Many government organizations are developing safety and pollution control standards that necessitate the installation of sensors. Thus, automobile manufacturers must comply with these agencies' safety and emissions control rules. Over the projected period, it is expected to drive the demand for automotive temperature sensors.

Saudi Arabia Automotive Temperature Sensor Market

Growth Drivers

Stringent emission norms for automobiles

The Saudi Arabia government enforced safety and emission control rules that require the installation of sensors in automotives. As a result, automobile manufacturers are compelled to follow safety and pollution control standards. Over the projected period, this trend is expected to raise the demand for vehicle temperature sensors in the country.

Restraints

High initial costs

Temperature sensors require raw materials, such as cobalt, nickel, iron, and copper, to be manufactured. These raw materials are obtained from third-party sources, and price fluctuation in these raw materials, as well as a lack of continuous supply, have a substantial impact on the profitability of temperature sensor producers. Raw material price fluctuations are ascribed to a turbulent global economy and raw material availability, trade tariff wars, other political factors, an increase in global demand, natural disasters, and volatility in foreign exchange currency exchange rates. As a result, high initial costs are projected to have a negative impact on temperature sensor manufacturing and logistics.

Impact of COVID-19 on Saudi Arabia Automotive Temperature Sensor Market

The COVID-19 pandemic had a detrimental effect on the Saudi Arabia automotive temperature sensor market. The suspension of production and end-use sector operations had affected the market. The COVID-19 pandemic in 2020 and early 2021 had a significant negative impact on the industry's overall growth, as it resulted in the imposition of severe lockdown regulations across countries, including in Saudi Arabia, causing difficulties in automotive temperature sensor import and export activities. Consequently, COVID-19 pandemic hampered the growth of Saudi Arabia automotive temperature sensor market. During the post pandemic period, however, Saudi Arabia automotive temperature sensor market is expected to regain its growth trend as business activities are coming back to normalcy.

Saudi Arabia Automotive Temperature Sensor Market

Segmental Coverage

Saudi Arabia Automotive Temperature Sensor Market - By Sensor Type

Based on sensor type, Saudi Arabia automotive temperature sensor market is segregated into Temperature Sensor, Pressure Sensor, Oxygen Sensor, Position Sensor, Motion Sensor, Torque Sensor, and Optical Sensor. The position sensor segment is expected to hold the highest share in the market due to surging demand for luxury automobiles and increasing requirement for improved driver convenience. The necessity to assure the efficient functioning and safety of all automotive parts is driving up demand for position sensors. Continuous automotive sector advancements and the launch of upgraded position sensors are likely to drive up demand for position sensors in Saudi Arabia.

Saudi Arabia Automotive Temperature Sensor Market - By Vehicle Type

Based on vehicle type, Saudi Arabia automotive temperature sensor market is bifurcated into Passenger Cars and Commercial Vehicles. The commercial vehicles segment is expected to dominate the market due to Saudi Arabia's solid financial state and the booming transportation and logistics industry. Owing to rising number of internet users and the prevalence of smart devices, the rise of the e-commerce industry, which demands an effective supply chain, could boost demand for commercial vehicles during the projection period.

Saudi Arabia Automotive Sensors Market

Saudi Arabia Automotive Temperature Sensor Market - By Application

Based on application, Saudi Arabia automotive temperature sensor market is segregated into ADAS, Chassis, and Power Train segments. The power train segment is expected to hold the highest share in the market due to surging demand for position speed, pressure, and gas, which are essential for ensuring a safe and comfortable ride for passengers. The application of sensors in powertrain systems is boosted by the implementation of stringent pollution standards by leading authorities.

Saudi Arabia Automotive Temperature Sensor Market - By Technology

Based on technology, Saudi Arabia Automotive Temperature Sensor Market is bifurcated into MEMs and Non-MEM segments. The MEMS segment (Micro-Electromechanical System) is predicted to dominate the market due to its application in automobiles, such as oil pressure sensors, exhaust gas recirculation, monitoring of tire pressures systems, and pedestrian protection.

Saudi Arabia Automotive Sensors Market Share

Competitive Landscape

Saudi Arabia Automotive Temperature Sensor Market is highly competitive. Major companies in the market include with Robert Bosch GmbH, Denso Corporation, Infineon Technologies AG, Texas Instruments Incorporated, Continental AG, BorgWarner Inc., and Analog Devices, Inc. To further enhance their market share, these players are primarily focused on the development of innovative and efficient products, new product releases, market initiatives, mergers and acquisitions, and other collaborative activities.

Recent Developments

  • In July 2022 - The Saudi Arabian government announced its plans to invest USD 80 billion in Neom City to increase the use of driverless vehicles for daily transportation. The government is expected to contribute to vehicle-to-vehicle and vehicle-to-city connectivity as part of its ongoing efforts to promote the advanced telecommunications industry, and Neom City is planned to support the most sophisticated infrastructure.

  • In May 2022 - Lucid Group, a US-based electric vehicle manufacturer, announced the development of its first overseas factory in Saudi Arabia. The facility will primarily serve the local market and have a capacity of 155,000 automobiles per year.

  • In May 2022 – Saudi Arabia's Ministry of Industry and Mineral Resources declared that the kingdom intends to produce more than 300,000 cars per year by 2030.

Scope of the Report

Attributes

Details

Years Considered

Historical Data – 2018–2021

Base Year – 2021

Estimated Year – 2022

Forecast – 2022–2028

Facts Covered

Revenue in USD Million

Market Coverage

Saudi Arabia

Product/ Service Segmentation

Sensor Type, Vehicle Type, Application, Technology

Key Players

Robert Bosch GmbH, Denso Corporation, Infineon Technologies AG, Texas Instruments Incorporated, Continental AG, BorgWarner Inc., Analog Devices, Inc.

 

By Sensor Type

  • Temperature Sensor

  • Pressure Sensor

  • Oxygen Sensor

  • Position Sensor

  • Motion Sensor

  • Torque Sensor

  • Optical Sensor

By Vehicle Type

  • Passenger Cars

  • Commercial Vehicles

By Application

  • ADAS

  • Chassis

  • Power Train

By Technology

  • MEMS

  • Non-MEMs

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Saudi Arabia Automotive Temperature Sensor Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Stringent emission norms for automobiles
        2. Increasing application for automotive temperature sensors
      2. Restraints
        1. Cost pressure on automotive OEMs
        2. Limitations of temperature sensors
      3. Opportunities
        1. Sensor fusion technology
        2. Aggressive developments in autonomous vehicles
        3. Increasing penetration of electric vehicles globally
      4. Challenges
        1. Compatibility issue between sensor manufacturers and OEMs
        2. Price competition among sensor Manufacturers
    3. Technology Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Saudi Arabia Automotive Temperature Sensor Market Overview
    1. Market Size & Forecast by Value & Volume, 2018–2028
      1. By Value (USD Billion)
      2. By Volume (Thousand Units)
    2. Market Share & Forecast
      1. By Sensor Type
        1. Temperature Sensor
        2. Pressure Sensor
        3. Oxygen Sensor
        4. Position Sensor
        5. Motion Sensor
        6. Torque Sensor
        7. Optical Sensor
        8. Others
      2. By Vehicle Type
        1. Passenger Cars
        2. Commercial Vehicles
      3. By Application
        1. ADAS
        2. Chassis
        3. Power Train
        4. Others
      4. By Technology
        1. MEMS
        2. Non-MEMs
  5. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Market Share Analysis, 2021
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
  6. Impact of Covid-19 on Saudi Arabia Automotive Temperature Sensor Market
  7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook)
    1. Robert Bosch GmbH
    2. Denso Corporation
    3. Infineon Technologies AG
    4. Texas Instruments Incorporated
    5. Continental AG
    6. BorgWarner Inc.
    7. Analog Devices, Inc
    8. Other Prominent Players
  8. Key Strategic Recommendations
  9. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

 

List of Figures

 

Figure 1  Saudi Arabia Automotive Temperature Sensor Market Segmentation

Figure 2  Saudi Arabia Automotive Temperature Sensor Market Value Chain Analysis

Figure 3  Company Market Share Analysis, 2021

Figure 4  Saudi Arabia Automotive Temperature Sensor Market Size, By Value (USD Million), 2018–2028

Figure 5  Saudi Arabia Automotive Temperature Sensor Market Share, By Sensor Type, By Value, 2018–2028

Figure 6  Saudi Arabia Automotive Temperature Sensor Market Share, By Vehicle Type, By Value, 2018–2028

Figure 7  Saudi Arabia Automotive Temperature Sensor Market Share, By Application, By Value, 2018–2028

Figure 8  Saudi Arabia Automotive Temperature Sensor Market Share, By Technology, By Value, 2018–2028

 

List of Tables

 

Table 1       Saudi Arabia Automotive Temperature Sensor Market Size, By Sensor Type, By Value, 2018–2028

Table 2       Saudi Arabia Automotive Temperature Sensor Market Size, By Vehicle Type, By Value, 2018–2028

Table 3       Saudi Arabia Automotive Temperature Sensor Market Size, By Application, By Value, 2018–2028

Table 4       Saudi Arabia Automotive Temperature Sensor Market Size, By Technology, By Value, 2018–2028

Table 5           Robert Bosch GmbH Company Overview

Table 6           Robert Bosch GmbH Financial Overview

Table 7           Denso Corporation Company Overview

Table 8           Denso Corporation Financial Overview

Table 9           Infineon Technologies AG Company Overview

Table 10         Infineon Technologies AG Financial Overview

Table 11         Texas Instruments Incorporated Company Overview

Table 12         Texas Instruments Incorporated Financial Overview

Table 13         Continental AG Company Overview

Table 14         Continental AG Financial Overview

Table 15         BorgWarner Inc. Company Overview

Table 16         BorgWarner Inc. Financial Overview

Table 17         Analog Devices, Inc. Company Overview

Table 18         Analog Devices, Inc. Financial Overview

 

Market Segmentation

By Sensor Type

  • Temperature Sensor

  • Pressure Sensor

  • Oxygen Sensor

  • Position Sensor

  • Motion Sensor

  • Torque Sensor

  • Optical Sensor

By Vehicle Type

  • Passenger Cars

  • Commercial Vehicles

By Application

  • ADAS

  • Chassis

  • Power Train

By Technology

  • MEMS

  • Non-MEMs

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