Friday, November 18, 2016

Our Research shows “The Temperature Sensors Market” is expected to grow USD 6.79 Billion by 2022

The temperature sensors market is expected to grow from USD 5.13 Billion in 2016 to USD 6.79 Billion by 2022, at a CAGR of 4.8% between 2016 and 2022

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Browse 79 market data Tables and 107 Figures spread through 202 Pages and in-depth TOC on "Temperature Sensors Market - Global Forecast to 2022"

The base year used for this study is 2015 and the forecast period is between 2016 and 2022. Currently, there is a growing demand for temperature sensors in the semiconductors segment, automotive segment, and in some process industries such as metal, F&B, and plastics among others. This is attributed to the increasing demand for sensing technologies among industry end users, and growing vehicle production in economies such as Japan and India.

This report aims to estimate the market size and future growth potential of the temperature sensors market across different segments such as product type, end users, and geography. Factors such as high demand for temperature sensors among industrial end users, growing concern toward security and surveillance, robust demand for consumer electronics products, developing automotive industry in emerging markets, and government initiatives for environment & safety norms are expected to boost the growth of the market during the forecast period. The introduction of MEMS technology in temperature sensing is one the major growth opportunities for the market.

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Major key players in this market:

Most of the companies in the temperature sensor market play a major role as service providers and system integrators and they form an integral part of the temperature sensors market ecosystem. In 2015, the overall temperature sensors market was dominated by Texas Instruments Incorporated (U.S.), Analog Devices, Inc. (U.S.), ABB Ltd. (Switzerland), Honeywell International, Inc. (U.S.), Maxim Integrated Products, Inc. (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Kongsberg Gruppen (Norway), TE Connectivity Ltd. (U.S.), Emerson Electric Company (U.S.), Panasonic Corporation (Japan), General Electric Company (U.S.), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (U.S.), and NXP Semiconductors N.V. (Netherlands). The increasing number of new product developments and mergers & acquisitions among the industry players drive the overall temperature sensors market. The increasing demand for temperature sensors in industrial end users and surge in automobile industry on global basis are further driving the overall temperature sensors market.

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