The increasing penetration of temperature sensors in portable and advanced healthcare equipment, high demand from automotive sector, and increase in adoption of home and building automation systems are the primary drivers that are boosting the growth of the temperature sensor market. Moreover, the growing trend of wearable devices and increasing requirement of these sensors for temperature control in food safety management are expected to provide significant opportunities to temperature sensor market to grow in the coming years.
Temperature sensor is an electronic device that measures the temperature with an electrical signal. These sensors can be utilized in numerous systems to measure the heat released and alert the end-user. Temperature sensor find its broad range of applications in various industries such as automotive, electronics, oil and gas, food & beverage, healthcare, chemicals, manufacturing, and others.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global temperature sensor market based on the type and industry vertical. It also provides market size and forecast till 2027 for overall temperature sensor market with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America (SAM). The market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
Besides this, the report analyzes factors affecting market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the market in these regions. Further, the report also includes ecosystem analysis for the temperature sensor market.
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Also, key temperature sensor market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products, and services offered, financial information of the last 3 years, the key development in the past five years. Some of the key players influencing the temperature sensor market are ABB Ltd., Analog Devices, Inc. , Denso Corporation, Emerson Electric Co., Honeywell International Inc., Infineon Technologies AG, Integrated Device Technology Inc., NXP Semiconductors, STMicroelectronics, and TE Connectivity among others.
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