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. The
objective of the report is to provide a detailed analysis of the
temperature sensor market by product type, end-user industry, and
region. The report forecasts the market size, in terms of value, of
various segments with regard to 4 main regions North America, Europe,
APAC, and RoW. It strategically profiles the key players and
comprehensively analyzes their rankings and core competencies in the
temperature sensor market, and details the competitive landscape for
these market leaders.
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The research methodology used to estimate and forecast the temperature sensor market begins with capturing data on key vendor revenues through secondary research. Secondary sources used for this research study include government sources and corporate filings (such as annual reports, investor presentations, and financial statements). The bottom-up procedure has been employed to arrive at the overall size of the temperature sensor market from the revenue of key players in the market.
https://www.marketsandmarkets.com/pdfdownload.asp?id=522
The research methodology used to estimate and forecast the temperature sensor market begins with capturing data on key vendor revenues through secondary research. Secondary sources used for this research study include government sources and corporate filings (such as annual reports, investor presentations, and financial statements). The bottom-up procedure has been employed to arrive at the overall size of the temperature sensor market from the revenue of key players in the market.
After arriving at the overall market size, the total market has
been split into several segments and subsegments, which have been
verified through primary research by conducting extensive interviews
with experts such as CEOs, VPs, directors, and executives. The data
triangulation and market breakdown procedures have been employed to
complete the overall market engineering process and arrive at the exact
statistics for all segments and subsegments.
Contact-type temperature sensors comprise
thermocouple, RTD, thermistor, temperature sensor IC, and bimetallic
temperature sensor. These are widely used in industries such as
chemicals, consumer electronics, oil & gas, energy & power, and
automotive, owing to their low cost, wide temperature range, and high
accuracy. The rising adoption of temperature sensors in automotive,
chemicals, and consumer electronics sectors is the major driving factor
for the market. Moreover, it is expected that the growth of contact-type
temperature sensors will be driven by wearables, smartphones, and other
consumer electronics devices.
The temperature sensor market comprises a network of
players involved in research and product development, raw material
suppliers, manufacturers, investors, and distributors. Players operating
in the temperature sensor market include 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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sales@marketsandmarkets.com
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