Research and Markets has announced the addition of the "Temperature Sensors Market by Type, Applications and Geography - Global Forecasts to 2020" report to their offering.
Growing end-users applications have contributed to the growth prospects of the temperature sensor market. Over the last few years, the market has seen a tremendous growth in terms of technological advancements, increasing automation needs, and integration of temperature sensor products with advance industries such as aerospace and defense.
Temperature sensors are becoming more popular in the aerospace and defense industry, where infrared temperature sensors and temperature sensors ICs (Integrated Circuit) are playing a vital role. Moreover, they also have application in industries such as plastics, metals, food and beverage, and glass, which is creating new opportunities for this market.
In this report, the major drivers, restraints, opportunities, and challenges for the temperature sensor market have been covered. The major driving factors for the temperature sensor market are increasing industrial applications, demand for security and surveillance, growing automotive industry, and increasing government intervention. The major restraints are competition within the technologies and higher associated costs.
In the temperature sensors market, the segment comprising thermocouples has captured the majority of the market share however; the fiber optic temperature sensor is the fastest growing product among the entire range of temperature sensors. Some of the major companies in this 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.)
On the basis of applications, this market analysis covers consumer electronics, power generation, automotive, petrochemicals, aerospace & defense, healthcare, and utilities, among others.