Global Temperature Sensors Market By Applications, End User Industry, Type, Geography and Vendor Analysis- Forecasts, Trends and Shares (2015- 2020)
The global temperature sensors market is projected to reach USD 5.49 billion by 2018 growing at a CAGR of 5.48% over the period 2014-2020. Temperature sensing has been gaining importance in the R&D and industrial settings, giving rise to a high demand for temperature sensors. Huge investments from the companies operating in the market to develop enhanced temperature sensor functionalities, safety mandates in North America and Europe, and the increasing adoption of HVAC modules act as the key factors driving the market. Technological advancements and reduced prices have resulted in the introduction of new applications in the HVAC space.
Temperature controls are essential for manufacturing, handling and storing of medical equipment and drugs. They are increasingly used in communication industry with growth in handheld communication devices. Growing demand for consumer electronics such as smartphones, cameras, and media players, which make use of microprocessors with temperature sensing ICs, will further boost the market. However, intense competition and significant price cuts may restrain the temperature sensors market over the forecast period.
The global temperature sensors market is segmented on the basis of type, and industry. Asia Pacific is expected to be the key regional temperature sensors market over the forecast period. This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry. Some of the key players mentioned in the report are
Texas Instruments STMicroelectronics Honeywell International Infineon Technologies AG Freescale semiconductor Inc. Maxim Integrated Products Inc.
What the report offers
Market definition for the global temperature sensors market along with identification of key drivers and restraints for the market. Market analysis for the global temperature sensors market, with region specific assessments and competition analysis on a global and regional scale. Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale. Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share. Identification and analysis of the macro and micro factors that affect the global temperature sensors market on a global and regional scale. A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
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