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Temperature Sensor Market worth 7.48 Billion USD by 2023

The temperature sensor market, the overall market is estimated to grow from USD 5.62 Billion in 2018 to USD 7.48 Billion by 2023, at a CAGR of 5.9% between 2018 and 2023. The increasing penetration of temperature sensors in advanced and portable healthcare equipment, growing demand for temperature sensors in the automotive sector, and the increasing adoption of home and building automation systems are the key factors driving the temperature sensor market growth. <br><br>• Download PDF Brochure:- https://www.marketsandmarkets.com/pdfdownload.asp?id=522<br><br>This report segments the temperature sensor market by product type, end-user industry, and region. By product type, the temperature sensor market has been segmented into contact-type temperature sensor and noncontact-type temperature sensor. The market for contact-type temperature sensor is expected to grow at a higher CAGR between 2018 and 2023 owing to the various advantages of these sensors, such as easy handling, increased throughput rates, fast response time, high flexibility, and prolonged service life.<br><br>Major players operating in the temperature sensor market include ABB (Switzerland), Texas Instruments (US), Analog Devices (US), Honeywell International (US), Amphenol (US), Global Mixed Mode Technology (Taiwan), Integrated Device Tecgnology (US), Kongsberg Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US), Endress Hauser (Switzerland), Okazaki Manufacturing Company (Japan), Yamari Industries (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik (Germany), and Omega Engineering (US).

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Temperature Sensor Market worth 7.48 Billion USD by 2023

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  1. MarketsandMarkets Presents Publishing Date: August 2015 Temperature Sensor Market The overall market is estimated to grow from USD 5.62 Billion in 2018 to USD 7.48 Billion by 2023, at a CAGR of 5.9% between 2018 and 2023

  2. About our Report • The temperature sensor market is estimated to grow from USD 5.62 Billion in 2018 to USD 7.48 Billion by 2023, at a CAGR of 5.9% between 2018 and 2023. The growth of this market can be attributed to the increasing penetration of temperature sensors in advanced and portable healthcare equipment. • This report segments the temperature sensor market by product type, end-user industry, and region. By product type, the temperature sensor market has been segmented into contact-type temperature sensor and noncontact-type temperature sensor. The market for contact-type temperature sensor is expected to grow at a higher CAGR between 2018 and 2023 owing to the various advantages of these sensors, such as easy handling, increased throughput rates, fast response time, high flexibility, and prolonged service life.

  3. Inside of Report Browse: • 66 market data tables. • 58 figures spread through 166 pages. • in-depth TOC on "Temperature Sensor Market - Global Forecast to 2023" • The temperature sensor market in Asia Pacific is expected to grow at the highest CAGR during the forecast period as APAC has a strong demand for consumer equipment, including portable healthcare electronics and white goods. Increasing industrial automation, especially in automotive and food & beverages sectors, will generate demand for temperature sensors in APAC. • Contact-type temperature sensors comprise thermocouple, RTD, thermistor, temperature sensor IC, and bimetallic temperature sensor. These are widely used in industries such as chemicals, consumer electronics, oil & gas, energy & power, and automotive, owing to their low cost, wide temperature range, and high accuracy. The rising adoption of temperature sensors in automotive, chemicals, and consumer electronics sectors is the major driving factor for the market. Moreover, it is expected that the growth of contact-type temperature sensors will be driven by wearables, smartphones, and other consumer electronics devices.

  4. Table of Content Table of Contents 1 Introduction (Page No. - 1)    1.1 Study Objectives     1.2 Definition     1.3 Study Scope            1.3.1 Markets Covered           1.3.2 Years Considered for This Study           1.3.3 Geographic Scope    1.4 Currency     1.5 Package Size     1.6 Stakeholders 2 Research Methodology (Page No. - 5)    2.1 Research Data            2.1.1 Secondary Data . . 11 Appendix (Page No. - 158)     11.1 Discussion Guide      11.2 Knowledge Store: Marketsandmarkets’ Subscription Portal

  5. Temperature Sensor Market Download Free Sample Pages :- https://www.marketsandmarkets.com/pdfdownload.asp?id=522 Temperature sensors are used in personal computers mainly for controlling and monitoring the temperature of CPU. Generally, 3–5 temperature sensor ICs are used in desktops and laptops. As computers/desktops and laptops are vulnerable to overheating, measuring and controlling temperature is of utmost importance. Hence, personal computers (PCs) have contributed significantly to the growth of the temperature sensor market. However, the introduction of smartphones and tablets has impacted the shipment of PCs. Hence, the declining trend of the PC market has adversely affected the growth of the temperature sensor market.

  6. Key Players • ABB (Switzerland), • Texas Instruments (US), • Analog Devices (US), • Honeywell International (US), • Amphenol (US), • Global Mixed Mode Technology (Taiwan), • Integrated Device Technology (US), • Kongsberg Gruppen (Norway), • Microchip Technology (US), • ON Semiconductor (US), • Endress+Hauser (Switzerland), • Okazaki Manufacturing Company (Japan), • Yamari Industries (Japan), • STMicroelectronics (Switzerland),

  7. Key Players • TE Connectivity (Switzerland), • Gunther GmbH Temperaturmesstechnik (Germany), and • Omega Engineering (US).

  8. Summary The temperature sensor market is estimated to grow from USD 5.62 Billion in 2018 to USD 7.48 Billion by 2023, at a CAGR of 5.9% between 2018 and 2023. The growth of this market can be attributed to the increasing penetration of temperature sensors in advanced and portable healthcare equipment. This report segments the temperature sensor market by product type, end-user industry, and region. By product type, the temperature sensor market has been segmented into contact-type temperature sensor and noncontact-type temperature sensor. The market for contact-type temperature sensor is expected to grow at a higher CAGR between 2018 and 2023 owing to the various advantages of these sensors, such as easy handling, increased throughput rates, fast response time, high flexibility, and prolonged service life.

  9. Get detail of this Report ? We at MarketsandMarkets, are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. For More Information https://www.marketsandmarkets.com/Market-Reports/temperature-sensor-market-522.html Contact:Mr. SalgarkarMarketsandMarkets™ INC. 630 Dundee Road Suite 430 Northbrook, IL 60062 USA : 1-888-600-6441 sales@marketsandmarkets.com

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