DUBLIN--(BUSINESS WIRE)--May 17, 2018--The "Global Temperature Sensors Market - Segmented by Type (Wired & Wireless), Technology, End-user, and Geography - Growth, Trends, and Forecast (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.

The global temperature sensors market was valued at USD 5531.9 million in 2017 and is expected to reach a value of USD 8503.1 million by 2023 at a CAGR of 7.37%, over the forecast period 2018-2023.

Consumer electronics is one of the most prominent markets for the use of temperature sensors. The trending wearable gadgets, such as bands and smartwatches, advanced ultra-thin personal computers and tablets, and smart home gadgets, make use of temperature sensors to work efficiently.

The significant advantages of these sensors are that they do not require lots of computation power. They are energy efficient, and becoming smaller and smaller with each iteration of the products released into the market, making them ideal for wearables while providing a broad range of potentially valuable applications in the future.

Since the idea of fourth industrial revolution, Industry 4.0, initiated at Hannover Fair, production platforms started adopting digital solution, more than ever in the history of automation. The sales of industrial robots are one of the most visible factors proving the rapid factory automation trend. In 2016, industrial robot sales increased by 16% to 294,312 units, a new peak for the fourth year, in a row. In a recent review on the industrial robots, IFR states that between 2011 and 2016, the average robot sales increased by 12% every year, and that the number of robot installations had never increased so profoundly before.

Companies Mentioned

Texas Instruments Incorporated Panasonic Corporation Siemens AG Honeywell International Inc. ABB Ltd. Analog Devices Inc. Kongsberg Gruppen Emerson Electric Company ST Microelectronics Microchip Technology Incorporated NXP

Key Topics Covered:

1. Introduction

2. Executive Summary

3. Market Overview

4. Market Dynamics

5. Technology Overview

6. Global Temperature Sensors Market Segmentation

7. Company Profiles

8. Investment Analysis

9. Future Outlook of Global Temperature Sensors Market

For more information about this report visit https://www.researchandmarkets.com/research/b7lxxl/global?w=4

View source version on businesswire.com:https://www.businesswire.com/news/home/20180517005581/en/

CONTACT: ResearchAndMarkets.com

Laura Wood, Senior Manager

press@researchandmarkets.com

For E.S.T Office Hours Call 1-917-300-0470

For U.S./CAN Toll Free Call 1-800-526-8630

For GMT Office Hours Call +353-1-416-8900

Related Topics:Temperature and Heat Sensors,Wireless Sensors

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY CONSUMER ELECTRONICS

SOURCE: Research and Markets

Copyright Business Wire 2018.

PUB: 05/17/2018 06:10 AM/DISC: 05/17/2018 06:10 AM

http://www.businesswire.com/news/home/20180517005581/en