Skip to main content

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

Comments

Post a Comment

Popular posts from this blog

Increasing Internet Penetration Fueling Demand for Product Analytics

With the increasing penetration of the internet in both developing countries such as China and India and developed countries such as Singapore and the U.S., the worldwide demand for product analytics is rising rapidly. For example, according to the Office for National Statistics, in 2018, 90% of all households in Great Britain had access to the internet. Get the Sample Copy of this Report @ https://www.psmarketresearch.com/market-analysis/product-analytics-market/report-sample Additionally, the total percentage of adults who used the internet daily grew from 35% to 86% from 2006 to 2018 in the country. The rapid digital transformation in various countries is pushing up the requirement for product analytics solutions. Moreover, businesses all over the world are increasingly adopting advanced technologies such as product analytics for building a holistic understanding and delivering greater customer engagement. Apart from this, rapid advancements and innovations being made in various cog...
Post a Comment
Read more

Conversational AI Market Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2030

There are two ways in which conversational AI solutions are deployed, namely cloud and on-premises. Of these, the conversational AI solutions deployed through cloud recorded higher demand in 2018, and this deployment method is expected to remain more popular in the coming years. This is primarily attributed to the ballooning demand for scalability and easier maintenance features and 24*7 services offered by these solutions. Furthermore, many major companies are adopting cloud-based solutions for increasing their operational flexibility and reducing their operational costs. Coherent with these facts, the biggest phenomenon currently being observed in the conversational AI market is the mushrooming implementation of chatbots, as well as IVA, in various healthcare applications. Geographically, the highest demand for conversational AI market share has been witnessed in North America in the last few years, and the next few years will witness a similar situation. For instance, a Mahara...
Post a Comment
Read more

Battery Management System Market Size, Status, Top Players, Trends in Upcoming Years

The International Energy Association (IEA) predicts that the sale of battery electric vehicles (BEV) (trucks) and plug-in hybrid electric vehicles (PHEV) (trucks) will reach around 96,555 units and 107,571 units, respectively, by 2025. The organization also forecasts that the global stock of BEV cars and PHEV cars will reach 29,626,576 units and 16,335,941 units, respectively, by 2025. The surging electric vehicle (EV) sales will create an extensive requirement for battery management systems (BMSs) in the coming years, as batteries are the most important component of such vehicles. Besides, the surging use of rechargeable batteries in consumer electronic products is expected to drive the battery management system market at a vigorous CAGR of 15.0% during the forecast period (2021–2030).   The market revenue is expected to surge from $5,661.0 million in 2020 to $22,279.6 million by 2030. BMSs are installed in consumer electronics to control the operation of batteries and manag...
Post a Comment
Read more