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Temperature Sensors Market is Expected to Reach $4.51 Billion Units by 2016 with an Estimated CAGR of 5.6% - New Report by MarketsandMarkets
Date:3/10/2013

(PRWEB) March 10, 2013

According to a new market research report “Temperature Sensor Market, A Study of major Sensor types (ICs, Thermostat, Thermistor, Resistive Temperature Detectors, Thermocouple) & Applications, Global Forecast & Analysis 2011 – 2016” published by MarketsandMarkets, the market size of temperature sensors in the year 2010 was $3.27 billion and is expected to reach $4.51 billion units by 2016, at an estimated CAGR of 5.6%.

In terms of volume, the unit shipment for temperature sensors was 2.02 billion units in the year 2010 and is expected to reach 3.54 billion units by 2016, at an estimated CAGR of 10%from 2011 to 2016.

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  • 105 Market Data Tables
  • 43 Figures
  • 290 pages and an in-depth Table of Content on “Temperature Sensors Market"

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The need for temperature sensors is evolving and this section is continuously climbing up the success ladder. Temperature sensors mainly utilize digital technology, which means better in efficiency and sensing performance. Temperature sensors have a significant place in different industry verticals. The major applications of temperature sensors are in petrochemical industry, automotive industry, consumer electronics industry, metal industries, food and beverages industry, and healthcare.

The largest application segment for temperature sensors is the petrochemical segment, together with related process applications. The electronics segment follows as the second largest application segment for temperature sensors. In the automotive industry, the temperature sensors are improving passeng
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