TechNavio today launched its report, Global Temperature Sensor Market 2011-2015, based on an in-depth analysis covering the Americas, and the EMEA and APAC regions. The report aims to aid decision makers’ understanding of the present and future landscape of the market.
Commenting on the report, an analyst from TechNavio’s Hardware team said: ”The increasing demand for sophisticated functionalities in various electronic devices has led to technological advancements in temperature sensors. These advancements provide a high-quality output for customers. The rate of change of technological advancements in the Global Temperature Sensor market is very fast. This trend has led to the development of advanced temperature sensor products that have a high level of sensitivity. With the advanced temperature sensors, electronic products are designed in such a way that end-users find them easy to operate.”
According to the report, worldwide, the increasing demand for temperature sensors in the Automotive segment is the major growth driver for the Global Temperature Sensor market. One of the major applications of temperature sensors is maintaining the temperature of an engine. These sensors measure the temperature of the engine coolant and transfer the information to the engine control unit. This will help adjust the fuel injection and ignition time. Thus, this has led to increased usage of temperature sensors in the Automotive segment. Furthermore, the demand for automobiles is increasing in most of the emerging countries in the APAC region, leading to the growth of the Global Temperature Sensor market.
Further, the report reveals that the major challenge for the market is the lack of product differentiation. Temperature sensors are widely used across various end-user segments.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors. For further information on this report, please visit https://www.technavio.com/content/global-temperature-sensor-market-2011-2015
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic market research reports on niche and emerging technologies. For more information on our Hardware market research, please visit https://www.technavio.com/hardware
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TechNavio Announces the Publication of its Research Report – Global Temperature Sensor Market 2011-2015
