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Global RTD Temperature Sensors Market - Segmented by Type of Measurement (Surface Measurement, Liquid Measurements, Air and Gas Stream Measurements), End-user Industry (Consumer Electronics, Automotive, Aerospace and Defense, Healthcare, Chemical, Oil and

Global RTD Temperature Sensors Market - Segmented by Type of Measurement (Surface Measurement, Liquid Measurements, Air and Gas Stream Measurements), End-user Industry (Consumer Electronics, Automotive, Aerospace and Defense, Healthcare, Chemical, Oil and Gas, Energy and Power, Food and Beverage, Retail Sector, Manufacturing), and Region - Growth, Trends, and Forecast (2018 - 2023)

The global RTD temperature sensors market USD 1.11 billion in 2017, and is expected to reach a value of USD 1.54 billion by 2023 at a CAGR of 5.64%, during the forecast period of (2018 - 2023). The scope of the report is limited to type of measurement like surface measurement, liquid measurements, air and gas stream measurements. End-user industry is limited to consumer electronics, automotive, aerospace & defense, healthcare, chemical, oil & gas, energy and power, food & beverage, and retail sector. While the region considered in the scope of the report include North America, Europe, Asia pacific, Middle East & Africa, and Latin America.

Increasing Demand for Temperature Sensors in Consumer Electronics

Temperature measurement and control is crucial to the steady performance of sophisticated consumer electronic products. The sensors provide long-term reliability, accuracy, and fast response times for the efficient operation of household electronics, such as home appliances, pool, and spa control, among other products. Owing to their high performance, RTDs are the primary sensors of choice for sophisticated HVAC applications. Highly efficient environmental building control systems require precision temperature measurements at numerous points within a project. Applications include monitoring and controlling room and air duct temperature, outside ambient temperature, condenser temperature, coolant line temperature, etc. Known for their precision, RTD has found a wide range of applications in the consumer electronics industry and the demand for them is expected to grow during the forecast period.

Automotive Sector Has the Highest Market Share

The automotive industry is currently experiencing a passive market change. The rise of the shared economy and new partnerships with disruptive tech companies, are the factors resulting in the growth of automotive manufacturers.

The three key markets for automotive sales are the US, China and Europe. The drive toward innovation and the advent of autonomous vehicles is expected to drive the growth of automotive industry significantly in the developed regions, while the developing economies have witnessed a considerable rise in the consumer disposable income and can directly translate into an increase in the purchase of automobiles.

North America region has a significant market share

The highest share is attributed to the booming manufacturing and food-processing industries, especially in chamber application, where usually temperature (cold) is the only parameter monitored. RTDs are the most advanced versions of temperature measurement sensors that provide highly accurate, stable, linear response for moderate range of temperatures; however, they are energy inefficient, as they need external power. According to the US FDA, only two temperatures sensors are used in regulating the food and drug industry, namely resistance temperature detectors (RTDs) and thermistors. The number of employees in the chemical manufacturing industry is growing, directly implying the growth of chemical manufacturing industry.

Key Developments in the Market

  • February 2017 - Emerson announced the sale of its Leroy-Somer and Control Techniques businesses to Nidec Corporation, which strengthens the company’s capacity for investment

Reasons to Purchase this Report
  • Increasing demand for temperature sensors in consumer electronics act as a driver to the global market scenario
  • Analyzing various perspectives of the market with the help of Porter’s five forces analysis
  • Solutions and type of security is expected to dominate the market
  • Regions are expected to witness fastest growth during the forecast period
  • Identify the latest developments, market shares, and strategies employed by the major market players
  • 3-month analyst support, along with the Market Estimate sheet ((in Excel).
Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.

1. Introduction
1.1 Key Study Deliverables
1.2 Key Study Assumptions
1.3 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2 Market Drivers
4.2.1 Growing Application of Temperature Sensors in Industries
4.2.2 Increasing Demand for Temperature Sensors in Consumer Electronics
4.3 Market Restraints
4.3.1 High Cost of the System
4.4 Porter’s Five Forces Model – Industry Attractiveness
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
5. Technology Snapshot
6. Global RTD Temperature Sensors Market - by Type of Measurement
6.1 Surface Measurement
6.2 Liquid Measurements
6.3 Air and Gas Stream Measurements
7. Global RTD Temperature Sensors Market Breakdown by End-user Industry
7.1 Consumer Electronics
7.2 Automotive
7.3 Aerospace & Defense
7.4 Healthcare
7.5 Chemical
7.6 Oil & Gas
7.7 Energy and Power
7.8 Food & Beverage
7.9 Retail Sector
7.10 Manufacturing
7.11 Others
8. Global RTD Temperature Sensors Market Breakdown by geography
8.1 North America
8.2 Europe
8.3 Asia Pacific
8.4 Middle East & Africa
8.5 Latin America
9. Global RTD Temperature Sensors Market - Company Profiles
9.1 Texas Instruments Incorporated
9.2 Panasonic Corporation
9.3 Siemens AG
9.4 Honeywell International, Inc.
9.5 ABB Ltd.
9.6 Analog Devices, Inc.
9.7 General Electric
9.8 Kongsberg Gruppen
9.9 Emerson Electric Company
9.10 STMicroelectronics
9.11 Microchip Technology Incorporated
9.12 NXP Semiconductors N.V.
9.13 Maxim Integrated Products
10. Investment Analysis
10.1 Investor Outlook
10.2 Recent Mergers & Acquisitions
11. Future Outlook of RTD Temperature Sensors Market

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