Temperature Sensor Market worth 7.48 Billion USD by 2023 Temperature Sensor Market1 | Page 2

About our Report
• The temperature sensor market is estimated to grow from USD 5.62
Billion in 2018 to USD 7.48 Billion by 2023, at a CAGR of 5.9% between
2018 and 2023. The growth of this market can be attributed to the
increasing penetration of temperature sensors in advanced and portable
healthcare equipment.
• This report segments the temperature sensor market by product type,
end-user industry, and region. By product type, the temperature sensor
market has been segmented into contact-type temperature sensor and
noncontact-type temperature sensor. The market for contact-type
temperature sensor is expected to grow at a higher CAGR between 2018
and 2023 owing to the various advantages of these sensors, such as easy
handling, increased throughput rates, fast response time, high flexibility,
and prolonged service life.