Product ID: SQSG55C2002
Report ID:
SQSG55C2002 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|
Tables:
69 |
Figures:
75
In 2021, North America accounted for the largest market share of the global market for temperature sensors, and this is what is expected to happen over the next few years. Since North America is ahead of the curve when it comes to developing HVAC systems, wearable devices, and small systems with sensors that work on their own, it is expected to stay ahead during the forecast period. Also, more people are learning about the benefits of these sensors in industries like automotive, oil & gas, and healthcare, which helps the market grow all over the region. With moderate growth over the long term, Europe is expected to stay in second place in the temperature sensor market.
The Asia-Pacific region is expected to show steady growth during the forecast period. The fast growth of the auto industry in places like Japan, China, and India is a big reason why the Asia-Pacific market is growing. Also, the fast growth of the consumer electronics, healthcare, and food & beverage industries gives the market in the region a lot of good ways to grow during the analysis period.
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REQUEST FREE CUSTOMIZATIONTemperature Sensor Market size was valued at USD 4.76 billion in 2019 and is poised to grow from USD 5 billion in 2023 to USD 12 billion by 2031, growing at a CAGR of 5% in the forecast period (2024-2031).
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Product ID: SQSG55C2002