Posted in | News | Temperature Sensors

Global Market for Temperature Sensors Forecast to Grow at 5.11% CAGR

According to a new market research report "Temperature Sensors Market by Type (Bimetallic, IC, Thermistor, RTD, Thermocouple, IR, Fiber Optic), Applications (Consumer, Power, Automotive, Petrochemicals, Aerospace & Defense, Healthcare, Industrial, & Utility) and Geography - Global Forecasts to 2020", published by MarketsandMarkets, the total market for temperature sensors is expected to reach $6.05 Billion by 2020, growing at a CAGR of 5.11% between 2014 and 2020.

Browse 67 market data Tables and 50 Figures spread through 160 Pages and in-depth TOC on "Temperature Sensors Market".

Early buyers will receive 10% customization on this report.

The demand for temperature sensors is growing. The major applications comprise consumer electronics, power generation, automotive, petrochemical, aerospace and defense, healthcare along with, industrial and utility segments. The industrial, petrochemical and consumer electronics segments are the highest contributors to the Temperature Sensors Market.

With the advent of new types of temperature sensors which use nanotechnology and micro technology enabling contactless and accurate measurement of temperature, the cost of temperature sensors has been declining. The market is expected to grow in the emerging economies, while the developed markets are expected to continue investing in more efficient and newer technologies which can measure temperature with more efficiency and accuracy.

The report provides a detailed segmentation by type and application. The geographic analysis covers the existing and emerging technologies in the Temperature Sensors Market. The market based on type is segmented into Bimetallic Temperature sensors, Temperature sensor IC, Thermistor, Resistance Temperature Detector (RTD), Thermocouple, Infrared sensors, and Fiber optic sensors. The report also covers major applications such as Consumer Electronics, Power Generation, Automotive, Petrochemicals, Aerospace & Defense, Healthcare, Industrial, and Utility with qualitative and quantitative industry insights.

One of the objectives of the report was to analyze market trends for each of the Temperature Sensor Market segments and their respective growth rates. Apart from market segmentation the report also provides an in-depth analysis with regard to Porter's Five Forces and the supply chain with a detailed process flow diagram, and market dynamics such as drivers, restraints, and opportunities for the temperature sensor market.

Inquiry Before Buying @

The market size included in the report comprises four geographic splits, namely- North America, Europe, Asia-Pacific, and Rest of the World (RoW). Asia Pacific is estimated to account for a major share in the Temperature Sensor Market and is estimated to grow at the highest rate, followed by the Rest of the World (RoW).

Some of the major companies in Temperature Sensor Market include Analog Devices, Inc. (U.S.), Honeywell International, Inc. (U.S.), Maxim Integrated Products Inc. (U.S.), Measurement Specialties (U.S.), Microchip Technology Inc. (U.S.), NXP Semiconductors (Netherlands), Panasonic Corporation (Japan), Siemens AG (Germany), STMicroelectronics (Switzerland), and Texas Instruments, Inc. (U.S.)

Browse Related Reports

Sensor Market in Consumer Healthcare by Application (Patient Monitoring, Therapeutic, Handheld and Homecare, & Fitness and wellness), Sensor Type (Blood Pressure Sensor, Temperature Sensor, Image sensor, Heart rate sensor, Touch Sensor & Motion Sensor) & by Geography - Analysis & Forecast to 2013 - 2020

Automotive Sensor Market by Product (Pressure, temperature, level, speed, MEMS, oxygen, Nox), Application (powertrain, safety & control, vehicle security, alternative fuel, telematics) and Geography - Forecast & Analysis to 2013 - 2022

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.