Market Revenue Temperature Sensors Market Driver Analysis

Temperature Sensors Market Driver Analysis, Dynamics,
Framework Forecast 2012-2020
“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.”
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. These sensors are also used
in switches, wireless routers, VoIP equipment Bluetooth devices, modems. Growing demand for these products
and devices would positively impact the sensors market growth over the forecast period.
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