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Aug. 12, 2020, 8:20 a.m. EDT

Outlook on the Worldwide Temperature Sensor Market to 2030 - Industry Analysis and Growth Forecast

Dublin, Aug 12, 2020 (GLOBE NEWSWIRE via COMTEX) -- Dublin, Aug. 12, 2020 (GLOBE NEWSWIRE) -- The "Temperature Sensor Market Research Report: By Product Type, Contact Type, Output, Vertical - Global Industry Analysis and Growth Forecast to 2030" report has been added to ResearchAndMarkets.com's offering.

The revenue generated in the global temperature sensor market, which stood at $6.9 billion in 2019, is projected rise at a CAGR of 4.4% between 2020 and 2030 (forecast period), to reach $11.1 billion by 2030. Additionally, these devices help maintain optimum fuel efficiency, which has been mandated by governments around the world.

Till 2030, the resistance temperature detector (RTD) category is predicted to continue holding the largest temperature sensor market share. This is because of these devices' linearity, high accuracy, and stability and customizable attributes.

In 2019, the non-contact bifurcation generated higher revenue in the market, due to the decreasing prices of these variants and growing demand for them among end users across industries.

The digital bifurcation is expected to witness the higher CAGR, of 4.6%, in the temperature sensor market, during the forecast period, as they provide programmable sampling and automated interrupts, which lead to their higher requirement.

During the historical period (2014-2019), the automotive & aerospace category held the largest share in the market, as a result of the use of these instruments in vehicles being made mandatory by the government in a number of nations. Further, automobile production is increasing, and the aftermarket is expanding, which are further driving the demand for these devices in the automotive sector.

In 2019, Asia-Pacific (APAC) generated the highest revenue in the temperature sensor market, and the region would also display the fastest growth in the coming years. This is because of the fact that the sales of smartphones and automobiles are rising swiftly in China, India, and other regional countries, on account of the swift urbanization and increase in the disposable income of people. China is already the largest consumer of temperature sensors in the region and second largest in the world, following the U.S.

New Products being Launched by Market Players to Consolidate their Position

The temperature sensor market competitive landscape is presently characterized by the various products being launched by companies, in order to dominate the competition. For instance, Heilind Electronics introduced the 5024 EGR temperature sensor developed by Sensata Technologies in February 2020. Offering stable performance up till 300 C, it works on the negative temperature coefficient (NTC) principle.

Similarly, STMicroelectronics N.V. unveiled the STTS22H temperature sensor, which is accurate up to 25C, in November 2019. The sensor has been designed for shipping container loggers, heat flow monitoring in asset trackers, air humidifiers, heating, ventilation, and air conditioning (HVAC) systems, building automation systems, refrigerators, and smart consumer devices.

Among the companies operating in the global temperature sensor market, the prominent ones are Honeywell International Inc., TE Connectivity Ltd., Infineon Technologies AG, NXP Semiconductors N.V., Texas Instruments Incorporated, ABB Ltd., Panasonic Corporation, Amphenol Corporation, STMicroelectronics N.V., Analog Devices Inc., On Semiconductor Corporation, and Robert Bosch GmbH.

Key Topics Covered:

CHAPTER 01 RESEARCH SCOPE
1.1 Research Objectives
1.2 Market Definition
1.3 Analysis Period
1.4 Market Size Breakdown by Segment
1.4.1 Market size breakdown by product type
1.4.2 Market size breakdown by contact type
1.4.2 Market size breakdown by vertical
1.4.4 Market size breakdown by output
1.4.5 Market size breakdown by region
1.5 Market Data Reporting Unit
1.5.1 Volume
1.5.2 Value
1.6 Key Stakeholders

CHAPTER 02 RESEARCH METHODOLOGY
2.1 Secondary Research
2.1.1 Paid
2.1.2 Unpaid
2.1.3 Publisher Database
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Currency Conversion Rates
2.6 Assumptions for the Study
2.7 Notes and Caveats

CHAPTER 03 EXECUTIVE SUMMARY
3.1 Global Market Summary
3.2 North America Market Summary
3.3 Europe Market Summary
3.4 APAC Market Summary
3.5 LATAM Market Summary
3.6 MEA Market Summary

CHAPTER 04 MARKET INDICATORS

CHAPTER 05 INDUSTRY OUTLOOK
5.1 Voice of Industry Experts/KOLs
5.2 Market Dynamics
5.2.1 Trends
5.2.2 Drivers
5.2.3 Restraints/challenges
5.2.4 Impact analysis of drivers/restraints
5.3 Value Chain Analysis
5.4 Porter's Five Forces Analysis
5.4.1 Bargaining power of buyers
5.4.2 Bargaining power of suppliers
5.4.3 Intensity of rivalry
5.4.4 Threat of new entrants
5.4.5 Threat of substitutes

CHAPTER 06 Global MARKET
6.1 Overview
6.2 Market Volume, by Product Type (2014-2030)
6.3 Market Revenue, by Product Type (2014-2030)
6.4 Market Revenue, by Contact Type (2014-2030)
6.5 Market Revenue, by Vertical (2014-2030)
6.6 Market Revenue, by Output (2014-2030)
6.7 Market Revenue, by Region (2014-2030)

CHAPTER 07 NORTH AMERICA MARKET
7.1 Overview
7.2 Market Volume, by Product Type (2014-2030)
7.3 Market Revenue, by Product Type (2014-2030)
7.4 Market Revenue, by Contact Type (2014-2030)
7.5 Market Revenue, by Vertical (2014-2030)
7.6 Market Revenue, by Output (2014-2030)
7.7 Market Revenue, by Country (2014-2030)
7.7.1 U.S. Market Revenue (2014-2030)
7.7.2 Canada Market Revenue (2014-2030)

CHAPTER 08 EUROPE AMERICA MARKET
8.1 Overview
8.2 Market Volume, by Product Type (2014-2030)
8.3 Market Revenue, by Product Type (2014-2030)
8.4 Market Revenue, by Contact Type (2014-2030)
8.5 Market Revenue, by Vertical (2014-2030)
8.6 Market Revenue, by Output (2014-2030)
8.7 Market Revenue, by Country (2014-2030)
8.7.1 Germany Market Revenue (2014-2030)
8.7.2 France Market Revenue (2014-2030)
8.7.3 Spain Market Revenue (2014-2030)
8.7.4 U.K. Market Revenue (2014-2030)
8.7.5 Italy Market Revenue (2014-2030)
8.7.6 Rest of Europe Market Revenue (2014-2030)

CHAPTER 09 APAC MARKET
9.1 Overview
9.2 Market Volume, by Product Type (2014-2030)
9.3 Market Revenue, by Product Type (2014-2030)
9.4 Market Revenue, by Contact Type (2014-2030)
9.5 Market Revenue, by Vertical (2014-2030)
9.6 Market Revenue, by Output (2014-2030)
9.7 Market Revenue, by Country (2014-2030)
9.7.1 China Market Revenue (2014-2030)
9.7.2 Japan Market Revenue (2014-2030)
9.7.3 India Market Revenue (2014-2030)
9.7.4 South Korea Market Revenue (2014-2030)
9.7.5 Rest of APAC Market Revenue (2014-2030)

CHAPTER 10 LATAM MARKET
10.1 Overview
10.2 Market Volume, by Product Type (2014-2030)
10.3 Market Revenue, by Product Type (2014-2030)
10.4 Market Revenue, by Contact Type (2014-2030)
10.5 Market Revenue, by Vertical (2014-2030)
10.6 Market Revenue, by Output (2014-2030)
10.7 Market Revenue, by Country (2014-2030)
10.7.1 Mexico Market Revenue (2014-2030)
10.7.2 Brazil Market Revenue (2014-2030)
10.7.3 Argentina Market Revenue (2014-2030)
10.7.4 Rest of LATAM Market Revenue (2014-2030)

CHAPTER 11 MEA MARKET
11.1 Overview
11.2 Market Volume, by Product Type (2014-2030)
11.3 Market Revenue, by Product Type (2014-2030)
11.4 Market Revenue, by Contact Type (2014-2030)
11.5 Market Revenue, by Vertical (2014-2030)
11.6 Market Revenue, by Output (2014-2030)
11.7 Market Revenue, by Country (2014-2030)
11.7.1 Turkey Market Revenue (2014-2030)
11.7.2 Saudi Arabia Market Revenue (2014-2030)
11.7.3 South Africa Market Revenue (2014-2030)
11.7.4 Rest of MEA Market Revenue (2014-2030)

CHAPTER 12 MAJOR MARKETS: SEGMENT ANALYSIS
12.1 Overview
12.2 U.S. Market Revenue, by Product Type (2014-2030)
12.3 U.S. Market Revenue, by Vertical (2014-2030)
12.4 Germany Market Revenue, by Product Type (2014-2030)
12.5 Germany Market Revenue, by Vertical (2014-2030)
12.6 China Market Revenue, by Product Type (2014-2030)
12.7 China Market Revenue, by Vertical (2014-2030)
12.8 Mexico Market Revenue, by Product Type (2014-2030)
12.9 Mexico Market Revenue, by Vertical (2014-2030)
12.10 Turkey Market Revenue, by Product Type (2014-2030)
12.11 Turkey Market Revenue, by Vertical (2014-2030)

CHAPTER 13 COMPETITIVE LANDSCAPE
13.1 List of Market Players and their Offerings
13.2 Market Ranking Analysis of Key Players
13.3 Product Benchmarking of Key Players
13.4 Competitive Benchmarking of Key Players
13.5 Recent Strategic Developments of Market Players
13.5.1 Product Launches
13.5.2 Other developments

CHAPTER 14 COMPANY PROFILES
14.1 Honeywell International Inc.
14.1.1 Business overview
14.1.2 Product/service offerings
14.1.3 Key financial summary
14.2 Infineon Technologies AG
14.3 ABB Ltd.
14.4 TE Connectivity Ltd.
14.5 Texas Instruments Incorporated
14.6 NXP Semiconductors N.V.
14.7 Panasonic Corporation
14.8 STMicroelectronics N.V.
14.9 Robert Bosch GmbH
14.10 Amphenol Corporation
14.11 On Semiconductor Corporation
14.12 Analog Devices Inc.

CHAPTER 15 APPENDIX

For more information about this report visit https://www.researchandmarkets.com/r/t0tqjt

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