DUBLIN, Dec. 5, 2017 /PRNewswire/ --
The "Global Temperature Sensor Market 2017-2021" report has been added to Research and Markets' offering.
The global temperature sensor market to grow at a CAGR of 11.54% during the period 2017-2021.
Global Temperature Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
One trend in the market is increasing demand for DTS. DTS or distributed temperature sensing is an optoelectrical device that is made up of optical fibers. The temperature can be recorded on a continuous basis rather than only at a certain point using these devices. The DTS segment is anticipated to grow at a high rate during the forecast period.
According to the report, one driver in the market is regulatory framework associated with the automotive segment. A number of regulations associated with the safety and emission controls standards require sensors. It is essential for automotive manufacturers to comply with essential safety and emission standards set by the authorities.
This will drive the global temperature sensor market during the forecast period. The innovation and development of newer electric, hybrid, and driverless cars will further enhance the demand for temperature sensors during the forecast period. The applications include checking of the air intake temperature in cylinder heads to alert the driver about the engine overheating. The sensors are also used in the engine coolant compartment, which is used to measure the temperature of transmission fluid applications.
Further, the report states that one challenge in the market is constant reduction in the price. The global temperature sensor market is highly competitive due to many vendors offering homogeneous products. Manufacturers constantly compete based on product quality, performance, durability, and price. Manufacturers produce high-quality products that are offered at lower prices.
In emerging countries like China, many small domestic suppliers enter the market by introducing products at lower prices, leading to price wars among vendors. This is a constant challenge for the OEMs. The reduction in the prices has a direct impact on the cash flow of the companies.
- Honeywell International
- Microchip Technology
- NXP Semiconductors
Other prominent vendors
- Analog Devices
- Maxim Integrated
Key Topics Covered:
Part 01: Executive Summary
Part 02: Scope Of The Report
Part 03: Research Methodology
Part 04: Introduction
Part 05: Market Landscape
Part 06: Market Segmentation By Application
Part 07: Regional Landscape
Part 08: Decision Framework
Part 09: Drivers And Challenges
Part 10: Market Trends
Part 11: Vendor Landscape
Part 12: Vendor Analysis
Part 13: Appendix
For more information about this report visit https://www.researchandmarkets.com/research/psct6t/global
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SOURCE Research and Markets