“The increasing demand for temperature sensors among industrial end users would drive the temperature sensors market”
The temperature sensors market will grow from $5.13 billion in 2016 to $6.79 billion by 2022, at estimated CAGR of 4.8% between 2016 and 2022. The temperature sensors market is primarily driven by factors such as high demand for temperature sensors among industrial end users, growing concerns toward security and surveillance, robust demand for consumer electronics products, developing automotive industry in emerging markets, and government initiatives toward environment & safety norms. Complete report on temperature sensors market spread across 202 pages, profiling 15 companies and supported with 79 tables and 107 figures is now available at http://www.rnrmarketresearch.com/temperature-sensor-market-a-study-of-sensor-types-temperature-ics-thermistor-resistive-temperature-detectors-rtds-thermocouple-and-ir-sensor-applications-global-forecast-analysis-2011-market-report.html .
“North America expected to lead the global temperature sensors market during the forecast period (2016–2022)”
The North American market is expected to hold the major market share between 2016 and 2022 owing to the growing demand for smart homes and in-home weather stations in the U.S., rising usage of temperature sensor products by scientific research institutions for the study of environmental changes across North America, and the presence of major temperature sensors manufacturers in the region. The APAC market is expected to grow at the highest CAGR between 2016 and 2022. In the process of determining and verifying the market size for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. The break-up of the profiles of primary participants is given below:
> By Company Type: Tier 1 – 42 %, Tier 2 – 20%, and Tier 3 – 38%
> By Designation: C-Level – 35%, Director Level – 25%, Others – 40%
> By Region: North America – 42%, Europe – 21%, APAC – 18%, RoW – 19%
The prominent players in temperature sensors market are Texas Instruments Incorporated (U.S.), Analog Devices, Inc. (U.S.), ABB Ltd. (Switzerland), Honeywell International Inc. (U.S.), Maxim Integrated Products Inc. (U.S.), Siemens AG (Germany), Danaher Corporation (U.S.), Kongsberg Gruppen (Norway), TE Connectivity Ltd. (U.S.), Emerson Electric Company (U.S.), Panasonic Corporation (Japan), General Electric Company (U.S.), STMicroelectronics N.V. (Switzerland), Microchip Technology Incorporated (U.S.) and NXP Semiconductors N.V. (Netherlands). Priced at $4650 for a single user PDF, Inquire Before Buying on “Temperature Sensors Market by Type (Thermistor, IC, RTD, Thermocouple, & Others), End User (Process Industry (Chemical, Oil & Gas, Power and Others) & Discrete Industry (Semiconductors, Automotive and Others)) and Geography - Global Forecast to 2022” research report can be requested at http://www.rnrmarketresearch.com/contacts/inquire-before-buying?rname=80124 .
“Thermocouple-based temperature sensors to gain maximum traction during the forecast period”
The thermocouple based temperature sensors holds the largest share of temperature sensors market. Furthermore, owing to the increasing demand for measuring and controlling sensors in industrial sectors on a global basis, temperature sensors devices are expected to gain traction and grow at a stable growth rate during the forecast period. The temperature sensors is expected to have a high demand from discrete industry end users such as semiconductors, automotive, and healthcare segment among others during the forecast period.
On a related note, another research titled Light Sensors Market Global Forecast to 2022 says, the global light sensors market is estimated to grow at a CAGR of 9.3% between 2016 and 2022 and is expected to reach $2.14 billion by 2022. The driving factors for the light sensors market are the growing implementation of light sensors for performing the functions in consumer electronic products such as smartphones and tablets. Companies like AMS AG, Avago Technologies Inc., Sharp Corporation, Stmicroelectronics NV., Vishay Intertechnology, Inc., Apple, Inc., Elan Microelectronic Corp., Everlight Electronics Co., Ltd., Heptagon, Maxim Integrated Products, Inc., Samsung Electronics Co., Ltd., Sitronix Technology Corporation and ROHM Co., Ltd. have been profiled in this 156 pages research report available at http://www.rnrmarketresearch.com/light-sensors-market-by-function-ambient-light-sensor-proximity-sensor-and-color-sensor-output-integration-application-automotive-consumer-electronics-industrial-entertainment-and-security-and-region-st-to-2022-market-report.html .
Explore more reports on Sensors market at http://www.rnrmarketresearch.com/reports/information-technology-telecommunication/electronics/sensors .
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