Temperature Sensors Market

1
The Consumer Electronics segment dominates the
Temperature Sensors Market during the forecast
period.
2
Asia Pacific dominates the Temperature Sensors
Market Asia Pacific will dominate the
Temperature Sensors Market in the coming years.
It is expected to reach 4,392.64 million by 2023
at a CAGR of 12.40. The growth of this region is
due to growing segments of automotive and
consumer electronics. China holds the maximum
share in the market followed by India, Japan,
South Korea, and others. North America is the
second largest region in the Temperature Sensors
Market followed by Europe, Row, and South
America. The growth of the South America
temperature sensors market is due to the
increasing safety and healthcare issues.
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3
Selected Analysis done in the full Report
The Consumer Electronics segment dominates the
Temperature Sensors Market during the forecast
period. In 2017, this segment reached a 1,619.81
million. By 2023 it is expected to reach
4,148.69 million at a CAGR of 16.97. The growth
of this segment can be attributed to growing
demand for smartphones, tablets, and other
electronic products that make use of the
temperature sensor. The food and beverage segment
is the second largest segment in the market. It
is expected to grow at 1,537.48 million by 2023
at a CAGR of 14.86.
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Excerpts on Market Growth Factors

• Technological developments in the petrochemical
  industry drive the demand for the thermistor in
  the coming years.
• Growing demand for automotive sensors will
  enhance the demand for the rtd sensor during the
  forecast period.
• Growing demand for medical sensors due to rise
  in the number of diseases boosts the growth of
  the thermistor sensor.
• Electronic devices such as smartphones, cameras,
  and media players make use of microprocessors.
  This factor drives the market, since the devices
  have temperature sensing ICs.

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Key Players of the Temperature Sensors Market

• The key players of the Temperature Sensors Market
  include Texas Instruments, Analog Devices, Maxim
  Integrated Products, Honeywell International and
  STMicroelectronics. Texas Instruments
  manufactures IR Thermopile Temperature sensors
  and local temperature sensors. Analog Devices
  produces different products such as data
  converters, amplifiers and linear products, radio
  frequency (RF) ICs, power management products,
  sensors based on microelectromechanical systems
  (MEMS) technology.

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