Temperature Sensor Market Set to Reach $9.0 Billion by 2028: Insights from BCC Research Analysis
BOSTON, April 19, 2024 /PRNewswire/ -- "According to the latest BCC Research study, the demand for Temperature Sensors: Global Markets is growing from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028."
- The report provides an overview of the global temperature sensors market, detailing its value and volume trends since 2022.
- Understanding these trends and navigating the competitive landscape will be key for players in the global temperature sensors market.
- In the Asia-Pacific region, particularly in China, the temperature sensor market has seen substantial growth, with China accounting for over 40% of the market share.
- Increasing Use of MEMS Temperature Sensors: These are tiny, efficient temperature sensors used in many devices like phones and cars.