Jun 7, 2018   SOURCE: BusinessWire

Temperature Sensor (Bimetallic, Thermistor, IC, RTD, Thermocouple, IR, Fiber Optic) Market - Global Forecast to 2023 - ResearchAndMarkets.com

The "Temperature Sensor Market by Product Type (Bimetallic, Thermistor, IC, RTD, Thermocouple, IR, Fiber Optic), End-User Industry (Oil & Gas, Chemicals, Automotive, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2023" report has been added to ResearchAndMarkets.com's offering.

The temperature sensor market is expected to grow from USD 5.62 billion in 2018 to USD 7.48 billion by 2023, at a CAGR of 5.9% between 2018 and 2023

Factors such as growing demand for temperature sensors in the automotive sector and the increasing adoption of home and building automation systems are driving the market growth. The rising trend of wearable devices and growing need for temperature control for food safety management will provide opportunities to players in this market. However, the decline in the PC market will hinder the growth of the temperature sensor market.

The market for temperature sensor ICs is expected to grow at the highest CAGR between 2018 and 2023. This growth is attributed to the wide usage of temperature sensor ICs in computing applications owing to their small size and capability to sense remote locations. These are also increasingly used in electric and electronic products.

The chemicals end-user industry is expected to hold the largest share of the temperature sensor market between 2018 and 2023. Monitoring and controlling temperature in any chemical process is of vital importance. There are various critical and sensitive chemical processes wherein a small change in temperature may damage the processing equipment, as well as lead to loss of hundreds of thousands. Hence, temperature sensors play an important role in the chemicals end-user industry.

Key Topics Covered:

1 Introduction

2 Research Methodology

3 Executive Summary

4 Premium Insights

5 Market Overview

6 Temperature Sensor Market, By Product Type

7 Temperature Sensor Market, By End-User Industry

8 Geographic Analysis

9 Competitive Landscape

10 Company Profiles

  • ABB Limited
  • Amphenol
  • Analog Devices
  • Emerson Electric
  • Endress+Hauser Management
  • Global Mixed Mode Technology
  • Gunther GmbH Temperaturmesstechnik
  • Honeywell International
  • Integrated Device Technology
  • Kongsberg Gruppen
  • Maxim Integrated
  • Microchip Technology
  • NXP Semiconductors
  • Okazaki Manufacturing Company
  • Omega Engineering
  • On Semiconductor
  • Siemens
  • Stmicroelectronics
  • Te Connectivity
  • Texas Instruments
  • Yamari Industries

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