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World Temperature Sensors Market - Opportunities and Forecasts, 2017 - 2023

  • ID: 3773208
  • Report
  • Region: Global
  • Allied Analytics LLP
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Temperature sensors are used to measure the amount of coldness and heat energy, generated by a system. These sensors help in detecting physical change to the temperature producing digital output. Furthermore, temperature sensors are mainly used in sectors including healthcare, food & beverage, automotive and consumer electronics. They have proved beneficial in serving the growing demand for advance automation in the above mentioned sectors.

Growing need for temperature sensors by various end users have contributed to the rapid growth of the market. Besides this, increased adoption rate of surveillance and security devices are further driving the temperature sensors market. In addition, factors such as increased vehicle production, government mandates to ensure environmental safety and ongoing demand for electronic products and computing peripherals have kept the prospects of the market high. However, dominance of legacy technologies and awareness of end-users have hampered the market growth. Technical developments and advent of MEMS are likely to create greater opportunities.

The temperature sensors market is segmented based on types, application and geography. The types covered in the market research report include fiber optic temperature sensors IC, bimetallic, resistance temperature detector, IR temperature sensor, thermistor and thermocouple. Applications evaluated during the study include utilities, consumer electronics, power generation, industrial, automotive, healthcare, petrochemicals and aerospace and defense. Regions such as North America, Europe, Asia -Pacific and LAMEA are expected to witness rapid growth.The key market players active in the temperature sensor market are Analog Devices Inc., Maxim Integrated, Measurement Specialties Inc., Microchip Technology Inc., Honeywell International Inc., NXP Semiconductors, STMicroelectronics, Panasonic Corporation, Texas Instruments and Siemens AG.

KEY BENEFITS FOR STAKEHOLDERS

The market research report provides an integrated information on the major drivers, restraints and opportunities influencing the industry growth during the forecast period.
The study further drills down to produce data volume by components, end customers and demography.
SWOT analysis of major brands, highlights weaknesses, strengths, opportunities and threats. The data proves effective for business owners planning on designing their marketing and branding strategies.
Region wise business performance discussed in the market research report would be valuable for enterprises planning to explore new areas.
The report not only examines the market dynamics but also takes a closer look at the growth rate and industrial chain structure.
Study further weigh up on the prominent market players and what they are doing different to position their product in the already crowded marketplace.
Assessment of upstream and downstream market also forms an important part of the report.

TEMPETURE SENSORS MARKET KEY SEGMENTS

Temperature Sensors Market By Type

Fiber Optic
Temperature Sensors IC
Bimetallic
Resistance Temperature Detector
IR Temperature Sensor
Thermistor
Thermocouple

Temperature Sensors Market By Application

Utilities
Consumer Electronics
Power Generation
Industrial
Automotive
Healthcare
Petrochemicals
Aerospace and Defense

Machine Health Monitoring Market By Geography

North America
Europe
Asia -Pacific
LAMEA

Key Player

Analog Devices Inc.
Maxim Integrated
Measurement Specialties Inc.
Microchip Technology Inc.
Honeywell International Inc.
NXP Semiconductors
STMicroelectronics
Panasonic Corporation
Texas Instruments
Siemens AG.



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Note: Product cover images may vary from those shown
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The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.

They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.

They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:

  • Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic news articles and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast

Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.

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