Telemedicine Market Size worth USD 8503.1 Million globally by 2023 | CAGR: 7.37% | Global Key Players - Texas Instruments, Panasonic, Siemens AG, Honeywell, ABB, Emerson Electric, STMicroelectronics

Marketprognosis.com Publish a New Market Research Report On “Global Temperature Sensors Market 2018 - 2023” which contains global key player’s survey information and forecast to 2023.

Overview of the Global Temperature Sensors Market:

The report spread across 110 pages is an overview of the Global Temperature Sensors Market. These report study based on the Temperature Sensors Market. It is a complete overview of the market, covering various aspects prevailing market landscape. It accumulates comprehensive information and research methodologies.

The Global Temperature Sensors Market was valued at USD 5531.9 Million in 2017 and is expected to reach a value of USD 8503.1 Million by 2023 at a CAGR of 7.37%, over the forecast period (2018 - 2023).

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Temperature is the most frequently measured environmental quantity, and temperature influences many biological, physical, chemical, mechanical, and electronic systems. Some processes work well only within a limited field of temperatures. So, necessary care must be taken to monitor and protect the system. Temperature sensing serves to enhance circuit stability. Real-time temperature monitoring, with dedicated temperature sensors, ensures that modern-day systems operate in the safe thermal zone. New-generation sensors monitor internal and external components’ hotspots with pinpoint precision enabling real-time temperature monitoring. With the advent of wireless and Silicon on Sapphire technologies, the temperature sensors sector is witnessing new opportunities in the market that could help them gain significant share in the global electronics and electrical industry.

Consumer electronics is one of the most prominent markets for the use of temperature sensors. The trending wearable gadgets, such as bands and smartwatches, advanced ultra-thin personal computers and tablets, and smart home gadgets, make use of temperature sensors to work efficiently. Trends in the personal computing industry, such as smaller system size, faster processors, and the need to support more advanced applications make monitoring and controlling heat imperative. This trend, coupled with robust sales, and advancements in desktop and portable computers, is likely to continue to support the growth of temperature sensors, in the next four years.

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Since the idea of fourth industrial revolution, Industry 4.0, initiated at Hannover Fair, production platforms started adopting digital solution, more than ever in the history of automation. The sales of industrial robots are one of the most visible factors proving the rapid factory automation trend. According to the International Federation of Robotics (IFR), in 2016, industrial robot sales increased by 16% to 294,312 units, a new peak for the fourth year, in a row. In a recent review on the industrial robots, IFR states that between 2011 and 2016, the average robot sales increased by 12% every year, and that the number of robot installations had never increased so profoundly before. Compared to the previous decade’s situation, between 2005 and 2008, where the average annual number of robots sold was about 115,000 units, the current situation indicates extreme growth of automation sector in the current scenario.

Major Key Players:

1 Texas Instruments Incorporated

2 Panasonic Corporation

3 Siemens AG

4 Honeywell International Inc.

5 ABB Ltd.

6 Analog Devices, Inc.

7 Kongsberg Gruppen

8 Emerson Electric Company

9 STMicroelectronics

10 Microchip Technology Incorporated and More……………..

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This study answers to the below key questions:

1 What will the market size be in 2023 and what will the growth rate be?

2 What are the key market trends?

3 What is driving this market?

4 What are the challenges to market growth?

5 Who are the key vendors in this market space?

6 What are the market opportunities and threats faced by the key vendors?

7 What are the strengths and weaknesses of the key vendors?

In the end, this report covers data and information on capacity and production overview, production, market share analysis, sales overview, supply, sales, and shortage, import, export and consumption as well as cost, price, revenue and gross margin of Temperature Sensors Market.

Table of Contents:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Key Inferences

5 Market Overview

6 Drivers, Restraints, Opportunities and Challenges Analysis (Droc)

7 Market Segmentation

8 Competitive Landscape

9 Key Players

10 Future Outlook of the Market

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This release was published on openPR.