The temperature sensor market was valued at USD 5.29 Billion in 2017 and
is expected to reach USD 7.48 Billion by 2023, at a CAGR of 5.9% during
the forecast period. The base year considered for the study is 2017,
and the forecast period considered is 2018–2023.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
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Suite 430
Northbrook, IL 60062
This report segments the temperature sensor market by
product type, end-user industry, and region. By product type, the
temperature sensor market has been segmented into contact-type
temperature sensor and noncontact-type temperature sensor. The market
for contact-type temperature sensor is expected to grow at a higher CAGR
between 2018 and 2023 owing to the various advantages of these sensors,
such as easy handling, increased throughput rates, fast response time,
high flexibility, and prolonged service life.
By end-user industry, the temperature sensor market
has been segmented into chemicals, oil & gas, consumer electronics,
energy & power, automotive, healthcare, food & beverages, metals
& mining, advanced fuels, aerospace & defense, glass, and pulp
& paper. The chemicals end-user industry is expected to dominate the
market during the forecast period. Growing demand for advanced and
portable healthcare equipment is driving the temperature sensor market.
With the onset of technologies such as advanced patient monitoring
systems and portable health monitoring systems, demand for temperature
sensors is on the rise. Temperature control plays an important role in
food safety management. In food safety management, temperature
controlling or monitoring is required in various stages, such as
cooking, hot holding, reheating, refrigeration, cooling, freezing, and
defrosting.
Temperature sensors are used in personal computers
mainly for controlling and monitoring the temperature of CPU. Generally,
3–5 temperature sensor ICs are used in desktops and laptops. As
computers/desktops and laptops are vulnerable to overheating, measuring
and controlling temperature is of utmost importance. Hence, personal
computers (PCs) have contributed significantly to the growth of the
temperature sensor market. However, the introduction of smartphones and
tablets has impacted the shipment of PCs. Hence, the declining trend of
the PC market has adversely affected the growth of the temperature
sensor market.
The temperature sensor market in APAC is expected to
grow at the highest CAGR during the forecast period. APAC has strong
demand for consumer equipment, including portable healthcare electronics
and white goods. In addition, the increasing industrial automation,
especially in automotive and food & beverages sectors, will generate
more demand for temperature sensors in APAC.
Major players in the temperature sensor market are
ABB (Switzerland), Texas Instruments (US), Analog Devices (US),
Honeywell International (US), Amphenol (US), Global Mixed Mode
Technology (Taiwan), Integrated Device Technology (US), Kongsberg
Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US),
Endress+Hauser (Switzerland), Okazaki Manufacturing Company (Japan),
Yamari Industries (Japan), STMicroelectronics (Switzerland), TE
Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik
(Germany), and Omega Engineering (US).
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
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