Press release
Temperature Sensors Market 2021: Global Analysis of Key Manufacturers, Dynamics & Forecast 2026
The Temperature Sensors Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Temperature Sensors market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Temperature Sensors market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Temperature Sensors market.The global temperature sensors market valued at USD 6398.52 million in 2020, is expected to reach a value of USD 9790.93 million by 2026, at a CAGR of 7.39%, during the forecast period (2021-2026).
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Top Leading Companies of Temperature Sensors Market are - Siemens AG, Panasonic Corporation, Texas Instruments Incorporated, Honeywell International Inc., ABB Ltd, Analog Devices Inc., Fluke Process Instruments, Emerson Electric Company, STMicroelectronics, Microchip Technology Incorporated, NXP Semiconductors NV, GE Sensing & Inspection Technologies GmbH, Robert Bosch GmbH, Günther GmbH Temperaturmesstechnik, TE Connectivity Ltd, Denso Corporation, Omron Corporation, FLIR Systems, Thermometris, Maxim Integrated Products, Kongsberg Gruppen and others.
Industry News and Updates:
- Feb 2020 - Texas Instruments expanded its temperature sensing portfolio to include linear thermistors that deliver up to 50% higher accuracy than negative temperature coefficient (NTC) thermistors. The higher accuracy of TI's thermistors can enable operation closer to the other components' thermal limits and the overall system. It can help engineers maximize performance while reducing bill-of-materials (BOM) and total solution cost.
- Oct 2019 - RS Components (RS), the trading brand of Electrocomponents plc, a multi-channel provider of industrial and electronic products and solutions, introduced the RS PRO infrared temperature sensor, a low-cost non-contact voltage-output temperature sensor designed for factory maintenance, repair, and operations (MRO) in smart manufacturing environments.
Key Market Trends:
Infrared Temperature Sensors to Drive the Market Growth
- Unlike many contact temperature sensors, IR Temperature sensors can take readings even from a moving object at less than 10 ms. This particular advantage has brought many applications to the IR temperature sensors in the field of manufacturing, defense, food processing, and automotive applications.
- Traditionally, the applications of IR temperature sensors are found in a variety of defense applications such as optical target sighting and variable emissivity measurements that are often helpful in tracking activities. However, all these applications are very advanced and considerably have a continuous demand owing to the globally increasing military spending. But in recent times, infrared temperature sensors, just like all the sensors in the market, are experiencing increased demand from the manufacturing sectors, which are majorly driven by the global adoption of Industry 4.0 policies.
North America to Hold Maximum Market Share
- North America held the largest market share, due to several established manufacturers in the region investing significantly in the development and betterment of existing temperature sensors.
- According to the American Automotive Policy Council, Automakers and their suppliers are America's largest manufacturing sector, responsible for 3% of America's GDP. Moreover, over the past five years alone, FCA US, Ford, and General Motors have announced investments of nearly USD 35 billion in their U.S. assembly, engine and transmission plants, R & D labs, headquarters, and administrative offices, and other infrastructure that connects and supports them
Investigator Observers Strong Growth in Specific Regions:
– Europe Market (Germany, UK, France, Russia, Italy)
– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)
– South America Market (Brazil, Argentina, Colombia)
– North America Market (United States, Canada, Mexico)
– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).
The Latest Industry Data Included in this Report:
- Temperature Sensors Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Temperature Sensors Market (%),2016 - 2026
- Temperature Sensors Market Share, By Brand
- Temperature Sensors Market Share, By Company
- Temperature Sensors Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Temperature Sensors Market Value Analysis & Forecast
- Promising Temperature Sensors Development by Major Companies
- Detailed Temperature Sensors Portfolio of the Major Companies
- Major Deals in the Temperature Sensors Market
- Major Companies Analysis
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- Country Level analysis for any 5 countries of your choice.
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Irfan Tamboli (Head of Sales) – Market Insights Reports
Phone: + 1704 266 3234 | +91-750-707-8687
sales@marketinsightsreports.com | irfan@marketinsightsreports.com
About Us:
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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