Global Temperature Sensor Market: Key Highlights
Global Temperature Sensor Market: Key Market Dynamics
Global Temperature Sensor Market: Regional Overview
North America is expected to dominate the temperature sensor market during the forecast period due to presence of global players such as Texas Instruments Incorporated, Analog Devices Inc., On Semiconductors, and early adopters of new wireless technologies. US is expected to hold the largest market share and Canada & Mexico is expected to grow at stable rate during the forecast period
Asia-Pacific is expected to grow at faster rate during the forecast period due to increasing population, smart home initiatives, high presence of semiconductor manufacturing & telecom industries. China, Japan, India, and South Korea are expected to grow at a faster rate during forecast period.
Global Temperature Sensor Market: Key Players Overview
Texas Instruments Incorporated engages in the design and manufacture of semiconductor solutions for the digital &analog applications and embedded processing. It operates through the following two segments: analog and embedded processing. The company provides analog temperature sensors, digital temperature sensors, temperature switches, and thermistors for various end use industries. In October 2018, Texas Instrument launched new temperature sensors (±0.1°C accuracy) with a wide temperature range for various industrial and medical applications.
STMicroelectronics develops, manufactures, designs products which offer application-specific integrated circuits, discrete and standard commodity components, full custom devices and semi-custom devices for digital, analog, and mixed-signal applications. It operates through the following segments: analog and MEMS group, microcontrollers and digital ICs group, and automotive and discrete group. The company provides analog and digital temperature sensors for various end use industries such as automotive, consumer electronics, among others. In April 2019, STMicroelectronics launched MEMS 3-axis accelerometer with temperature sensor for MEMS 3-axis accelerometer to enhance the overall speed of the operation of the system with temperature sensing accuracy of around 0.8°C.
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