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Asia Pacific dominates the Temperature Sensors Market

Temperature sensors are sensors that are installed into devices which are used to measure temperature of a medium for given set of requirements. Temperature sensors are categorized into two types namely Contact Sensor and Non-Contact Sensor. Contact sensor touch the object to measure the temperature generated whereas Non-Contact sensor measures the temperature without having physical contact with the object.

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Asia Pacific dominates the Temperature Sensors Market

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  1. The Consumer Electronics segment dominates the Temperature Sensors Market during the forecast period.

  2. Asia Pacific dominates the Temperature Sensors Market Asia Pacific will dominate the Temperature Sensors Market in the coming years. It is expected to reach $4,392.64 million by 2023 at a CAGR of 12.40%. The growth of this region is due to growing segments of automotive and consumer electronics. China holds the maximum share in the market followed by India, Japan, South Korea, and others. North America is the second largest region in the Temperature Sensors Market followed by Europe, Row, and South America. The growth of the South America temperature sensors market is due to the increasing safety and healthcare issues. Contact : sales@industryarc.com

  3. Selected Analysis done in the full Report: The Consumer Electronics segment dominates the Temperature Sensors Market during the forecast period. In 2017, this segment reached a $1,619.81 million. By 2023 it is expected to reach $4,148.69 million at a CAGR of 16.97%. The growth of this segment can be attributed to growing demand for smartphones, tablets, and other electronic products that make use of the temperature sensor. The food and beverage segment is the second largest segment in the market. It is expected to grow at $1,537.48 million by 2023 at a CAGR of 14.86%. Contact : sales@industryarc.com

  4. Excerpts on Market Growth Factors: Contact : sales@industryarc.com

  5. Key Players of the Temperature Sensors Market The key players of the Temperature Sensors Market include Texas Instruments, Analog Devices, Maxim Integrated Products, Honeywell International and STMicroelectronics. Texas Instruments manufactures IR Thermopile Temperature sensors and local temperature sensors. Analog Devices produces different products such as data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on microelectromechanical systems (MEMS) technology. Download Sample Report Contact : sales@industryarc.com

  6. You Can Customize the Report as Per Your Need. We have included Some Customization Options Company Profile Analyst Briefing Data Tables Key Contacts Contact : sales@industryarc.com

  7. About IndustryARC IndustryARC is a research and consulting firm that publishes more than 500 reports annually in various industries, such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare. IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications of the Market. Our Custom Research Services are designed to provide insights on the constant flux in the global demand-supply gap of markets. Our strong analyst team enables us to meet the client research needs at a very quick speed with a variety of options for your business. Contact : sales@industryarc.com

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