Global Temperature Sensor Market Insights Covering Market Dynamics and Competitive Scenario through 2025

An up-to-date research report 2018 has been disclosed by Market Research Reports Search Engine (MRRSE) highlighting the title “Temperature Sensor Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024” which provides an outlook for current market value as well as the expected forecast including Rate on Investment (ROI) together with the growing CAGR near 4.6% till 2024. The report studies the worldwide Temperature Sensor Market worldwide, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, size, growth, revenue, consumption, import and export in these regions.

Thanks to the extensive growth of the manufacturing and the electronics sectors across the world, the global demand for temperature sensors is likely to increase tremendously in the coming years. Apart from this, the growing application of these sensors in wearable devices and the significant rise in the demand for electronic goods in Asian economies, such as China, Japan, and South Korea are projected to boost this market remarkably in the near future.

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The opportunity in the worldwide temperature sensor market, which stood at US$4.6 bn in 2015, is estimated to expand at a CAGR of 4.60% during the period from 2016 to 2024 and reach a value of US$6.6 bn by the end of the forecast period. In terms of volume, the market is expected to rise at a CAGR of 7.40% during the same period of forecast.

Demand for Thermistors to Remain Strong

Thermistors, thermocouple, resistance temperature detectors, infrared temperature sensors, bimetallic temperature sensors, and fiber optic temperature sensors are the key products available in the global market for temperature sensors. The demand for thermistors has been higher than other types of temperature sensors.

Researchers predict the trend to continue in the coming years; however, infrared temperature sensors are likely to witness a high paced growth in their demand due to the increasing application across various industry verticals.

Companies mentioned in the report

Some of the leading players in the global temperature sensor market are Texas Instruments Inc. (U.S.), Analog Devices Inc. (U.S.), Microchip Technology Inc. , Honeywell International Inc. (US), STMicroelectronics N.V. (Switzerland), Infineon Technologies AG (Germany), General Electric Company (U.S.), ABB Ltd. (Switzerland), Maxim Integrated Products Inc. (U.S.), ON Semiconductor (U.S.) and Panasonic Corporation (Japan) among others.

Read Detailed Index of full Research Study at: https://www.mrrse.com/temperature-sensors-market

The market has been segmented as follows:

Global Temperature Sensor Market – By Product Type:

Thermistor
Resistance Temperature Detectors
Thermocouple
Infrared Temperature Sensor
Fiber Optic Temperature Sensor
Bimetallic Temperature Sensor
Others
Global Temperature Sensor Market – By Sensing Method:

Contact Temperature Sensor
Non-contact Temperature Sensor
Global Temperature Sensor Market - By End Use Industry:

Food and Beverage
Aerospace and Defense
Chemicals
Oil & Gas
Semiconductor and Electronics
Automotive
Healthcare
Others
Global Temperature Sensor Market - By Region:

North America
S.
Canada
Mexico
Europe
UK
Germany
France
Russia
Rest Of Europe
Asia Pacific
China
Japan
Taiwan
India
South Korea
Rest Of APAC
Middle East and Africa
UAE
Saudi Arabia
South Africa
Others
Latin America
Brazil
Others

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This release was published on openPR.