Temperature Sensors Market is Projected To Reach USD 6.13 Billion By 2020: Grand View Research, Inc.
“Swelling global demand for smarter consumer electronics and automobiles is expected to favor market growth over the forecast period. Increasing government initiatives for environmental conservation is estimated to fuel market demand �
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. Access Full Research Report on Global Temperature Sensors Market : http://www.grandviewresearch.com/industry-analysis/temperature-sensorsmarket 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
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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. 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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Grand View Research has segmented the global Temperature Sensors Market on the basis of application and region: Read Our Blogs on Reports from this category By Grand View Research: http://www.grandviewresearch.com/blogs/semiconductors-and-electronics Table of Content of Global Temperature Sensors Market Research Report: Chapter 1. Methodology and Scope 1.1. Research Methodology 1.2. Research Scope & Assumption 1.3. List of Data Sources Chapter 2. Executive Summary 2.1. Temperature Sensors - Industry Summary and Critical Success Factors (CSFs) Chapter 3. Temperature Sensors Industry Outlook 3.1. Market Segmentation 3.2. Market Size and Growth Prospects 3.3. Temperature Sensors Value Chain Analysis 3.4. Temperature Sensors Market Dynamics 3.4.1. Market Driver Analysis 3.4.2. Market Restraint Analysis 3.5. Key Opportunities Prioritized 3.6. Industry Analysis - Porter's 3.7. Temperature Sensors Market PESTEL Analysis, 2013 Chapter 4. Temperature Sensors Application Outlook 4.1. Automotive 4.1.1. Global market estimates and forecasts, 2012 – 2020
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4.2. Consumer Electronics 4.2.1. Global market estimates and forecasts, 2012 – 2020 4.3. Environmental 4.3.1. Global market estimates and forecasts, 2012 – 2020 4.4. Healthcare & Medical 4.4.1. Global market estimates and forecasts, 2012 – 2020 4.5. Process Industries 4.5.1. Global market estimates and forecasts, 2012 – 2020 4.6. Others 4.6.1. Global market estimates and forecasts, 2012 – 2020 Chapter 5. Temperature Sensors Regional Outlook 5.1. North America 5.1.1. Temperature sensors market by application, 2012 – 2020 5.1.2. U.S. 5.1.2.1. Temperature sensors market by application, 2012 – 2020 5.2. Europe 5.2.1. Temperature sensors market by application, 2012 – 2020 5.2.2. Germany 5.2.2.1. Temperature sensors market by application, 2012 – 2020 5.2.3. UK 5.2.3.1. Temperature sensors market by application, 2012 – 2020 5.3. Asia Pacific 5.3.1. Temperature sensors market by application, 2012 – 2020 5.3.2. China 5.3.2.1. Temperature sensors market by application, 2012 – 2020 5.3.3. Japan 5.3.3.1. Temperature sensors market by application, 2012 – 2020
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5.3.4. India 5.3.4.1. Temperature sensors market by application, 2012 – 2020 5.4. RoW 5.4.1. Temperature sensors market by application, 2012 – 2020 5.4.2. Brazil 5.4.2.1. Temperature sensors market by application, 2012 – 2020 Chapter 6. Competitive Landscape 6.1. ABB 6.1.1 Company Overview 6.1.2 Financial Performance 6.1.3 Product Benchmarking 6.1.4 Strategic Initiatives 6.2. AB Elektronik 6.2.1 Company Overview 6.2.2 Financial Performance 6.2.3 Product Benchmarking 6.2.4 Strategic Initiatives 6.3. Analog Devices, Inc. 6.3.1 Company Overview 6.3.2 Financial Performance 6.3.3 Product Benchmarking 6.3.4 Strategic Initiatives 6.4. Continental AG 6.4.1 Company Overview 6.4.2 Financial Performance 6.4.3 Product Benchmarking 6.4.4 Strategic Initiatives
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6.5. Delphi Automotive 6.5.1 Company Overview 6.5.2 Financial Performance 6.5.3 Product Benchmarking 6.5.4 Strategic Initiatives 6.6. Emerson 6.6.1 Company Overview 6.6.2 Financial Performance 6.6.3 Product Benchmarking 6.6.4 Strategic Initiatives 6.7. Freescale Semiconductor 6.7.1 Company Overview 6.7.2 Financial Performance 6.7.3 Product Benchmarking 6.7.4 Strategic Initiatives 6.8. Honeywell International 6.8.1 Company Overview 6.8.2 Financial Performance 6.8.3 Product Benchmarking 6.8.4 Strategic Initiatives 6.9. Maxim Integrated 6.9.1 Company Overview 6.9.2 Financial Performance 6.9.3 Product Benchmarking 6.9.4 Strategic Initiatives 6.10. Microchip 6.10.1 Company Overview
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6.10.2 Financial Performance 6.10.3 Product Benchmarking 6.10.4 Strategic Initiatives 6.11. Murata Manufacturing 6.11.1 Company Overview 6.11.2 Financial Performance 6.11.3 Product Benchmarking 6.11.4 Strategic Initiatives 6.12. NXP Semiconductors 6.12.1 Company Overview 6.12.2 Financial Performance 6.12.3 Product Benchmarking 6.12.4 Strategic Initiatives 6.13. Panasonic Corporation 6.13.1 Company Overview 6.13.2 Financial Performance 6.13.3 Product Benchmarking 6.13.4 Strategic Initiatives 6.14. Siemens AG 6.14.1 Company Overview 6.14.2 Financial Performance 6.14.3 Product Benchmarking 6.14.4 Strategic Initiatives 6.15. Texas Instruments 6.15.1 Company Overview 6.15.2 Financial Performance
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6.15.3 Product Benchmarking 6.15.4 Strategic Initiatives About Grand View Research, Inc.: 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. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
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