
Temperature Sensor Market With COVID-19 Impact by Product Type, Output, Connectivity, End-User Industry, & Region - Global Forecast to 2028
Bharat Book Bureau Provides the Trending Industry Research Report on "Temperature Sensor Market With COVID-19 Impact by Product Type (Thermocouples, RTDS, Thermistors, Temperature Sensor ICS, Infrared, and Fiber Optic Temperature Sensors), Output, Connectivity, End-User Industry, & Region - Global Forecast to 2028" under Consumer Goods Market Research ReportsCategory. The report offers a collection of superior Industry research, Industry analysis, competitive intelligence and Industry reports.
The Temperature Sensor Market is projected to grow from USD 5.9 billion in 2021 to USD 8.0 billion by 2028, at a CAGR of 4.5% from 2021 to 2028. The continuous demand for temperature sensors, which are integrated into devices like wearable bands, smartphones, and patient monitoring devices, from industries such as consumer electronics and healthcare is driving the temperature sensor market growth. For the past few years, the demand for reliable, high-performance, and low-cost sensors has been increasing, leading to the development of new technologies like micro and nanotechnology, which provides benefits such as miniaturization, low power consumption, and mass production. However, high initial cost involved in advanced sensors is expected to restraint market growth.
Non-contact
temperature sensors will have the highest growth in the coming years
The non-contact temperature sensors segment is projected to
register a higher than the contact temperature sensors segment from 2021 to
2028, owing to their capacity of measuring the surface temperature of a body or
object to be identified without any physical contact between the sensor and the
measurement object. These temperature sensors are mainly used for small,
moving, and inaccessible objects/sources/devices.
Consumer
Electronics is expected to hold the largest share in 2028
The consumer electronics segment is projected to register a
CAGR of 5.7% during the forecast period. This segment is likely to continue
holding the largest market share during the forecast period owing to the
growing adoption of temperature sensors in consumer electronics, including
smartphones, PCs, laptops, tablets, and other smart home appliances. Lately,
several newer devices have also been added under this segment.
APAC is
attributed to growing at the highest CAGR in the temperature sensor market
during the forecast period (2021-2028)
APAC accounted for the largest share (~46%) of the
temperature sensor market in 2020. China, India, South Korea, and Japan are the
major contributors to the growth of the temperature sensor market in APAC. The
temperature sensor market in APAC is likely to be driven by the evolving
automotive, medical, and industrial manufacturing companies and the rising
demand for temperature sensors from overseas markets of North America and
Europe. However, the US, Canada, and Mexico are the major contributors to the
growth of the temperature sensor market in North America. North America is one
of the most technologically advanced markets for temperature sensors owing to
the presence of prominent system suppliers as well as large chemicals, oil &
gas, healthcare, and food & beverage companies in the region.
The
break-up of primary participants for the report has been shown below:
•By Company Type: Tier 1 - 45%, Tier 2 - 32%, and Tier 3 -
23%•By Designation: C-level Executives - 30%, Director Level - 45%, and Others
- 25%•By Region: North America - 26%, Europe - 40%, APAC - 22%, and RoW - 12%
Temperature sensor market was dominated by Honeywell International Inc. (US), TE Connectivity Ltd. (Switzerland), Texas Instruments Incorporated (US), Endress+Hauser Management AG (Switzerland), and Siemens AG (Germany).
Research
Coverage:
This research report categorizes the temperature sensor
market by product type, output, connectivity, end-user industry, and region.
The report describes the major drivers, restraints, challenges, and
opportunities pertaining to the temperature sensor market and forecasts the
same till 2028.
Key Benefits of Buying the Report
The report would help leaders/new entrants in this
market in the following ways:
1.This report segments the temperature sensor market comprehensively and
provides the closest market size projection for all subsegments across
different regions.
2. The report helps stakeholders understand the pulse of the market and
provides them with information on key drivers, restraints, challenges, and opportunities
for market growth.
3. This report would help stakeholders understand their competitors better and
gain more insights to improve their position in the business. The competitive
landscape section includes product launches and developments, collaborations
and acquisitions.
4. This report would help understand the pre and post-COVID-19 scenarios as to
how would the penetration of temperature sensors will look like for the
forecast period. The region segment includes the country wise impact analysis
of COVID-19 and initiatives taken to overcome these impacts.
Browse our full report with Table of Content :
https://www.bharatbook.com/report/891047/temperature-sensor-market-with-covid-impact-by-product-type-thermocouples-rtds-thermistors-temperature-sensor-ics-infrared-and-fiber-optic-temperature-sensors-output-connectivity-end-user-industry-region-global-forecast-to
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