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.
The temperature sensor market in Asia Pacific is
expected to grow at the highest CAGR during the forecast period as APAC
has a strong demand for consumer equipment, including portable
healthcare electronics and white goods. Increasing industrial
automation, especially in automotive and food & beverages sectors,
will generate demand for temperature sensors in APAC.
Major 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 Tecgnology (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).
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.
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Mr. Shelly Singh
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
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