DUBLIN--(BUSINESS WIRE)--The "Global Temperature Sensors Market - By Type , Technology, Industry, Geography, Trends, Forecast - 2017 - 2022" report has been added to Research and Markets' offering.
The Global Temperature Sensors Market was valued at USD 5.14 billion in 2016, and is projected to reach a value of USD 7.705 billion by end of 2022. The market is projected to grow at a CAGR of 6.98% over the forecast period of 2017-2022.
Temperature sensors are experiencing growth in adoption with increasing demand from automotive industry and R&D fields. Growth in connected technologies and increasing adoption for IoT systems in consumer electronics is creating demand for temperature sensors. These sensors are deployed for a vast range of applications in multiple industries for temperature sensing and monitoring. They are used in HVAC systems for temperature monitoring and control. These systems are finding applications in safety systems in industries to improve floor safety and provide better work environments. Innovations in sensor technology and growth in wireless sensors is driving the growth of the industry.
Temperature sensors are finding applications in many industries for multiple operation. Food industries are deploying temperature for production and monitoring to maintain consistency and quality. Wireless temperature sensors are witnessing increasing demand in monitoring applications. Also, increasing focus on workplace safety is driving the deployment of temperature sensors for work floor monitoring. These sensors are also being employed for automated safety triggers. Consumer electronics are also expected to drive the demand for temperature sensors. Intense competition in consumer electronics industry is pushing OEMs to offer new features in devices, driving the growth temperature sensors. However, availability of multiple technologies in this market is challenging the growth of this industry.
North America holds the largest market share in this industry followed by Europe. Matured markets in these regions has facilitated the deployment of these systems. While, improving economic conditions and growing industrial trends is driving the market in Asia-Pacific which is expected to be fastest growing regions over the forecast period of 2017-2022.
Key Topics Covered:
1. Introduction
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Technology Snapshot
6. Global Temperature Sensors Market Segmentation - Market Share, Trends, Forecast (2016-2021)
7. Vendor Market Share Analysis
8. Competitive Landscape - Company Profiles
9. Investment Analysis
10. Future of Global Temperature Sensors Market
Companies Mentioned
- Texas Instruments Incorporated
- Panasonic Corporation
- Siemens AG
- Honeywell International Inc.
- ABB Ltd.
- Analog Devices, Inc.
- General Electric
- Kongsberg Gruppen
- Emerson Electric Company
- STMicroelectronics
- Microchip Technology Incorporated
- NXP Semiconductors N.V.
- Maxim Integrated Products
- Mouser Electronics
For more information about this report visit https://www.researchandmarkets.com/research/lc3j5l/global
