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Temperature Sensor Market Analysis 2023-2032: Competitive Landscape, Global Trends, Growth Rate And Top Key Players | Siemens AG, NXP Semiconductors N.V., Infineon Technologies AG, Texas Instruments Incorporated, Denso Corporation
Temperature Sensor Market
The Business Research Company's Template Global Market Report 2023 identifies growing healthcare sector as the major driver for the Temperature Sensor Market's growth in the forecast period. The incthe reasing healthcare business necessitates the use of temperature sensors to provide dependable and precise monitoring of key temperatures. Temperature sensors are used in sleep apnea machines, digital thermometers, blood analyzers, anesthesia delivery machines, neonatal intensive care units to monitor patient temperature, ventilators, medical incubators, humidified oxygen heater temperature monitoring and control equipment, and kidney dialysis machines.
The global temperature sensor market size grew from $8.18 billion in 2022 to $8.88 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services, and affecting many markets across the globe. The temperature sensor market size is expected to grow to $12.65 billion in 2027 at a CAGR of 9.3%.
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Major competitors in the Temperature Sensor Market are Siemens AG, NXP Semiconductors N.V., Infineon Technologies AG, Texas Instruments Incorporated, Denso Corporation, TE Connectivity, Omron Corporation, Sensor Scientific Inc., CTS Corporation, WIKA Instruments India Pvt. Ltd., Keyence Corporation, Dwyer Instruments Ltd., Standex Electronics Inc., Thermocouple Technology LLC, Kelvin Technologies Inc., and Thermo Sensors Corporation.
A key trend in the Temperature Sensor Market includes technological advancement. Key players operating in the temperature sensor market are focusing on developing advanced technological temperature sensor devices to strengthen their position in the market. For instance, in March 2020, Polysense Technologies Inc., a US-based company that offers IoT-based temperature sensors launched WxS x800-IRTMS and WxS x800-IRTM based on IoT edge computing technology. WxS x800-IRTMS is a standalone thermal meter that measures human body temperature infrared touch-free. The WxS x800-IRTM is a self-calibrated IoT big data thermal meter that supports a variety of wireless uplinks for cloud connectivity, including NB-IoT, Wi-Fi, LoRaWAN, and 4G LTE.
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The Temperature Sensor Market is segmented -
By Product Type: Contact Temperature Sensors, Non-Contact Temperature Sensors
By Output: Digital, Analog
By Connectivity: Wired, Wireless
By End-User: Manufacturing Industry, Aerospace Industry, Energy Sector, Electronics Industry, HVAC Industry, Other End-Users
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Temperature Sensor Market.
The Business Research Company's "Global Temperature Sensor Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Temperature Sensor Market Include:
1. Executive Summary
2. Temperature Sensor Market Characteristics
3. Temperature Sensor Market Trends And Strategies
4. Temperature Sensor Market - Macro Economic Scenario
5. Temperature Sensor Market Size And Growth
……
26. Africa Temperature Sensor Market
27. Temperature Sensor Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Temperature Sensor Market
29. Temperature Sensor Market Future Outlook and Potential Analysis
30. Appendix
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