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According to a new report published by KBV research, the Global Temperature Sensor Market size is expected to reach $7.7 billion by 2023, rising at a market growth of 5.9% CAGR during the forecast period.
The Non-Contact Type market dominated the Global Temperature Sensor Market by Type in 2017. The Contact Type market is expected to witness a CAGR of 7.2% during (2018 - 2024).
The KBV Cardinal Matrix is a visual representation about the key players in the industry. The matrix is designed considering the major strategic developments including Mergers & Acquisitions, product launches, partnership among others and the financial strength of the company in the considered years.
KBV Cardinal Matrix - Temperature Sensor Market
The Asia Pacific market dominated the Global Infrared Temperature Sensor Market by Region in 2017, growing at a CAGR of 4.9 % during the forecast period. The Europe market is expected to witness a CAGR of 4.4% during (2018 - 2024). Additionally, The North America market is expected to witness a CAGR of 4.1% during (2018 - 2024).Source: KBV Research Analysis, Company Publications and Secondary Research
The Bimetallic Temperature Sensor market dominated the Global Temperature Sensor Market by Contact Type in 2017, growing at a CAGR of 5.4 % during the forecast period. Additionally, the Temperature Sensor IC market is expected to witness CAGR of 6% during (2018 - 2024). The Thermocouple market is expected to witness CAGR of 9.3% during (2018 - 2024).
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the Global Temperature Sensor Market have been discussed in the report with the competition analysis and elaborated company profiles of ABB Group, Siemens AG, Emerson Electric Co., Texas Instruments Incorporated, Honeywell International, Inc., Microchip Technology Incorporated, NXP Semiconductors N.V., Maxim Integrated Products, Inc., Analog Devices, Inc. and On Semiconductor.
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