The temperature sensors market is expected to reach $6.05 billion by 2020, growing at a CAGR of 5.11% between 2014 and 2020. Temperature sensors which are widely used in industries such as automotive, petrochemicals, healthcare, consumer electronics, and food & beverage have proved to be very useful in catering to the growing need for advance automation in these industries. The emerging applications of temperature sensor in aerospace and defense industry such as temperature stabilization in satellites and Heat Ventilation Automation and Control (HVAC), have fueled the growth of this market. Furthermore, vehicle production in emerging markets, increasing government intervention, consumer electronics, and availability of a strong after market is further driving the demand for temperature sensors.
This report on temperature sensor market analyzes the temperature sensors supply chain, providing a clear insight into the major and supported segments of the industry. The temperature sensors market has been segmented based on different product types and applications and discussed in detail, with market size projections in terms of value and volume. This report also analyzes market trends and technologies in temperature sensors, market dynamics such as drivers, restraints, and opportunities along with, the industry's burning issues and winning imperatives.
The report also includes company profiles of leading players in this industry with their recent developments and other strategic business activities. The competitive landscape section of the report comprises the key growth strategies and a detailed market ranking analysis of key industry players. Some of the major players in this market are Maxim Integrated (U.S.), Texas Instruments Incorporated (U.S.), STMicroelectronics N.V. (Switzerland), and Analog Devices, Inc. (U.S.), Honeywell International, Inc. (U.S.), Maxim Integrated Products Inc. (U.S.), Measurement Specialties (U.S.), Microchip Technology Inc. (U.S.), NXP Semiconductors (Netherlands), Panasonic Corporation (Japan), Siemens AG (Germany), STMicroelectronics (Switzerland), and Texas Instruments, Inc. (U.S.)
This report categorizes the global market for temperature sensors on the basis of product types, applications, and geography. It also covers the related technologies in temperature sensors.
The temperatures sensors market based on product types is segmented into bimetallic, temperature sensor IC, thermistor, Resistance Temperature Detector (RTD), thermocouple, IR temperature sensor, and fiber optic temperature sensor
Application areas of temperature sensors include consumer electronics, power generation, automotive, petrochemicals, aerospace & defense, healthcare, industrial, and utilities.
The geographic analysis covers North America, Europe, Asia-Pacific, and Rest of the World (RoW). The cross segmentation data included in the report gives provides insight about the regional markets.
The figure below shows the estimated growth of the temperature sensors market between 2014 and 2020.
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