The Global Temperature Sensors Market is expected
to reach USD 6.13 billion by 2020, according to a new study by Grand View
Research, Inc. Increasing global demand for smarter consumer electronics and
automobiles is expected to favor market growth over the forecast period.
Temperature sensors are increasingly used in smartphones and other consumer
electronics to monitor their temperature and enhance performance.
Basic temperature sensors include resistive
temperature devices (RTD), thermocouples, liquid expansion devices, silicon
diodes, infrared sensors etc. Additionally, fusion of communication, computing
and sensing is expected to drive the MEMS market, which is expected to benefit
global temperature sensor demand. Technological advancements and device
miniaturization also drive market growth. Need for ensuring safety and
favorable regulatory scenario is expected to fuel market growth over the forecast
period. However, intense competition and significant price cuts may restrain
the temperature sensors market over the forecast period.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/temperature-sensors-market
Further key findings from the study suggest:
- Consumer electronics and environmental applications are expected to grow at a considerable rate over the forecast period. Temperature sensors are increasingly used standalone or integrated with diverse equipment. This technology is spurred by factors such as low cost and power and wireless connectivity. Introduction of new raw materials such as polymers is expected to lower the weight, size and cost of electronic devices.
- Sensors are used in wide range of applications such as consumer electronics, automotive, process industries etc. owing to easy equipment integration. Temperature sensors are increasing used in automotive applications such as cylinder head temperatures, coolant, and air intake. Therefore, rise in automobile production is expected to favor market demand. Temperature sensors are also used in HVAC, environmental control, food processing, medical devices and chemical handling applications.
- The Asia Pacific temperature sensors market accounted for over 30% of the global demand and is expected to grow at a considerable rate over the next six years. The regional market is expected to be driven by advancements in sensor technology and demand for high-performance sensors that can be fitted into handheld portable devices. China is expected to be the largest contributor to regional market revenue generation over the next six years.
- Key market participants include ABB, Delphi Automotive, Analog Devices Inc., Siemens AG, Freescale Semiconductor, Honeywell International, Texas Instruments, NXP Semiconductors, Panasonic, etc. Honeywell serves various industries including aerospace & defense, medical, transportation, industrial etc. Key players are increasingly moving their manufacturing facilities in countries with economical labor particularly in Asia Pacific to reduce their overall cost. Cost effective and differentiated services are expected to be a critical success factor for the industry participants.
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more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/sensors-and-controls
For the purpose of this study, Grand View Research has segmented the global temperature sensors market on the basis of application and region:
Temperature Sensors Application Outlook (Revenue, USD Million, 2012 – 2020)
- Automotive
- Consumer Electronics
- Environmental
- Healthcare & Medical
- Process Industries
- Others
- North America
- U.S.
- Europe
- Germany
- UK
- Asia Pacific
- China
- Japan
- India
- RoW
- Brazil
About Grand View
Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Website:
http://www.grandviewresearch.com/
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