Market Research Insights Temperature Sensors Market

Temperature Sensors Market Growth Prospect, Size and Key
Company Overview Forecast 2020
“Rising demand for temperature sensors in semiconductors, automotive
segment, and in other process industries including F&B, plastics and metal is
expected to drive the market growth over the forecast period.”
The global Temperature Sensors Market is anticipated to reach USD 6.13 billion by 2020. Rising demand for
temperature sensors in semiconductors, automotive segment, and in other process industries including F&B,
plastics and metal is expected to drive the market growth over the forecast period. Increasing need for advanced
sensing technologies including image, pressure, proximity, heat and acceleration sensors among various
industry players, coupled with rising number of automotive manufacturing facilities particularly in emerging
economies including India, and China can be attributed as the major factor propelling the market growth.
Demand for highly advanced innovative consumer electronics is expected to increase owing to changing
consumer preferences for high performance and efficient products. These trends are anticipated to positively
affect the temperature sensors product since sensors are considered to be the major part of electronic devices.
Use of nanotechnology and micro technology enables contactless and accurate measurements are anticipated
to offer future opportunities to the sensors market.
Temperature controls are vital for manufacturing, storing and handling of medical drugs and devices. The
sensors are widely used in communication sector including mobile phones and other handheld devices. They
maintain and provide efficient performance coupled with reduction in power consumed by monitoring and
controlling heat. Increasing demand for tech savvy products is expected to steer the overall market.
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