Temperature Sensor Market Growth, Size, Share, Opportunities, Forecast 2028
At a CAGR of 4.5% from 2021 to 2028, the Temperature Sensor Market is anticipated to increase from USD 5.9 billion in 2021 to USD 8.0 billion by 2028. The expansion of the temperature sensor market is being driven by the persistent need for temperature sensors, which are used in products like wearable bands, smartphones, and patient monitoring devices from sectors like consumer electronics and healthcare. The need for dependable, high-performing, and affordable sensors has grown over the past several years, which has sparked the creation of new technologies like micro and nanotechnology, which provide advantages including miniaturisation, low power consumption, and mass production. The high initial cost of sophisticated sensors, however, is anticipated to impede market expansion. Texas Instruments Incorporated (US), Honeywell International Inc. (US), TE Connectivity Ltd. (Switzerland), Endress+Hauser Management AG (Switzerland), and Siemens AG dominated the temperature sen...