The "Temperature Sensor Market Research Report: By Product Type, Contact Type, Output, Vertical - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.
The revenue generated in the global temperature sensor market, which stood at $6.9 billion in 2019, is projected rise at a CAGR of 4.4% between 2020 and 2030 (forecast period), to reach $11.1 billion by 2030. Additionally, these devices help maintain optimum fuel efficiency, which has been mandated by governments around the world.
Till 2030, the resistance temperature detector (RTD) category is predicted to continue holding the largest temperature sensor market share. This is because of these devices' linearity, high accuracy, and stability and customizable attributes.
In 2019, the non-contact bifurcation generated higher revenue in the market, due to the decreasing prices of these variants and growing demand for them among end users across industries.
The digital bifurcation is expected to witness the higher CAGR, of 4.6%, in the temperature sensor market, during the forecast period, as they provide programmable sampling and automated interrupts, which lead to their higher requirement.
During the historical period (2014-2019), the automotive & aerospace category held the largest share in the market, as a result of the use of these instruments in vehicles being made mandatory by the government in a number of nations. Further, automobile production is increasing, and the aftermarket is expanding, which are further driving the demand for these devices in the automotive sector.
In 2019, Asia-Pacific (APAC) generated the highest revenue in the temperature sensor market, and the region would also display the fastest growth in the coming years. This is because of the fact that the sales of smartphones and automobiles are rising swiftly in China, India, and other regional countries, on account of the swift urbanization and increase in the disposable income of people. China is already the largest consumer of temperature sensors in the region and second largest in the world, following the U.S.
- Honeywell International Inc.
- Infineon Technologies AG
- ABB Ltd.
- TE Connectivity Ltd.
- Texas Instruments Incorporated
- NXP Semiconductors N.V.
- Panasonic Corporation
- STMicroelectronics N.V.
- Robert Bosch GmbH
- Amphenol Corporation
- On Semiconductor Corporation
- Analog Devices Inc.
Key Topics Covered:
1 RESEARCH SCOPE
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
3.1 Global Market Summary
3.2 North America Market Summary
3.3 Europe Market Summary
3.4 APAC Market Summary
3.5 LATAM Market Summary
3.6 MEA Market Summary
4 MARKET INDICATORS
5 INDUSTRY OUTLOOK
5.1 Voice of Industry Experts/KOLs
5.2 Market Dynamics
5.2.4 Impact analysis of drivers/restraints
5.3 Value Chain Analysis
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining power of buyers
5.4.2 Bargaining power of suppliers
5.4.3 Intensity of rivalry
5.4.4 Threat of new entrants
5.4.5 Threat of substitutes
6 Global MARKET
6.2 Market Volume, by Product Type (2014-2030)
6.3 Market Revenue, by Product Type (2014-2030)
6.4 Market Revenue, by Contact Type (2014-2030)
6.5 Market Revenue, by Vertical (2014-2030)
6.6 Market Revenue, by Output (2014-2030)
6.7 Market Revenue, by Region (2014-2030)
7 NORTH AMERICA MARKET
8 EUROPE AMERICA MARKET
9 APAC MARKET
10 LATAM MARKET
11 MEA MARKET
12 MAJOR MARKETS: SEGMENT ANALYSIS
12.2 U.S. Market Revenue, by Product Type (2014-2030)
12.3 U.S. Market Revenue, by Vertical (2014-2030)
12.4 Germany Market Revenue, by Product Type (2014-2030)
12.5 Germany Market Revenue, by Vertical (2014-2030)
12.6 China Market Revenue, by Product Type (2014-2030)
12.7 China Market Revenue, by Vertical (2014-2030)
12.8 Mexico Market Revenue, by Product Type (2014-2030)
12.9 Mexico Market Revenue, by Vertical (2014-2030)
12.10 Turkey Market Revenue, by Product Type (2014-2030)
12.11 Turkey Market Revenue, by Vertical (2014-2030)
13 COMPETITIVE LANDSCAPE
13.1 List of Market Players and their Offerings
13.2 Market Ranking Analysis of Key Players
13.3 Product Benchmarking of Key Players
13.4 Competitive Benchmarking of Key Players
13.5 Recent Strategic Developments of Market Players
13.5.1 Product Launches
13.5.2 Other developments
14 COMPANY PROFILES
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