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(Wireless-NewsWire.Com, September 19, 2018 ) According to Verified Market Intelligence, the global temperature sensors market was valued at USD 4.95 billion in 2016 and is projected to reach USD 7.37 billion by 2025, growing at a CAGR of 4.52% from 2017 to 2025.
Temperature sensors are the devices designed to measure the heat amount or coldness that is generated by an object. It allows the detection of any physical change to that temperature by producing a digital output. It is classified into contact temperature sensor types and non-contact temperature sensor types based on its applications. Temperature sensors are used in different industries such as automotive, electronics, petrochemical, aerospace, healthcare etc. it offers various benefits that include- cost-effective, easy customizations, simple structure, faster temperature responses, wide temperature range and easy to use.
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Increasing demand for body-worn temperature sensors, the rising trend of home and building automation, increasing importance of advanced and portable healthcare equipment and growing automotive sector has been driving the global temperature sensors market. While high competition among manufacturers, declining prices and saturation in the Pc market acts a potential restraint for the overall market at a global level.
The “Global Temperature Sensors Market” study report will provide a valuable insight with an emphasis on global market including some of the major players such as Amphenol Corporation, Global Mixed Mode Technology, Inc., Integrated Device Technology Inc., Maxim Integrated Products Inc., NXP Semiconductors N.V., Siemens, TE Connectivity Ltd. and Texas Instruments Inc. Our market analysis also entails a section solely dedicated to such major players wherein our analysts provide an insight into the financial statements of all the major players, along with its product benchmarking and SWOT analysis.
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