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Why is Use of Temperature Sensors Soaring in Automobiles?

The mushrooming requirement for temperature sensors in the automotive industry is driving their sales across the world. In this industry, these instruments are used for measuring the temperature of various systems, liquids, and gases within automobiles in order to ensure their proper functioning. Heating, ventilation, and air conditioning (HVAC) systems are the main automobile components in which these sensors are used. 

Owing to these reason, the booming manufacturing and sales of automobiles, especially in the Asia-Pacific (APAC) countries, such as India, South Korea, and China, are fueling the demand for temperature sensors. Besides, the surging usage of smartphones is also predicted to fuel the temperature sensor market at a CAGR of 4.4% between 2020 and 2030 (forecast period). According to the estimates of the market research firm, P&S Intelligence, the revenue of the market will rise from $6.9 billion in 2019 to $11.1 billion by 2030. 


Temperature Sensor Market Key Manufacturers, Development Trends and Competitive Analysis
 
The mushrooming demand for body-worn sensors is also positively impacting the sales of temperature sensors across the world. With rapid advancements in the healthcare industry, these sensors are being increasingly used for monitoring the condition of patients in real time. In addition, the increasing adoption of the internet of things (IoT) in this industry is also pushing up the requirement for body-worn temperature sensors. 

These devices are incorporated in custom-made systems in smartwatches for measuring the pulse rate and temperature of the wearer. Furthermore, the growing usage of wearable medical monitoring devices, fitness bands, and smartwatches is also driving the requirement for body-worn temperature sensors. Resistance temperature detectors (RTD), thermistors, temperature IC, and thermocouple are the major types of temperature sensors used around the world.

This market research report provides a comprehensive overview of the market
  • The Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings

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