Global Silicon Temperature Sensor Market: Introduction
Transparency Market Research delivers key insights on the global silicon temperature sensor market. In terms of revenue, the global silicon temperature sensor market is estimated to expand at a CAGR of 6.5% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in its report on the global silicon temperature sensor market.
Temperature sensors detect the temperature of an entity and convert the same into an electrical signal. A silicon temperature sensor is a common form of temperature sensor, and it can be included in a silicon-integrated circuit at very low cost. These sensors deliver highly accurate measurements, and are said to have high precision and high long-term stability. Other characteristics include linear output, relatively small size, limited temperature range, and low cost. These sensors are designed specifically for higher temperature sensing applications where simple calibration, high accuracy, and high long-term stability are of paramount importance. There is growing demand for these sensors from process and environmental control, automation, and security domains. Silicon-based temperature sensors support medical, industrial, data center, and mobile applications. All these advantages are boosting the growth of the global silicon temperature sensor market.
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Temperature sensors have become necessary for everyday products such as refrigerators, thermostats, and household ovens. All these rely on temperature control and maintenance to work properly. These sensors also have application in chemical engineering to maintain and control the temperature of chemical apparatus at the idyllic set-point, to ensure the safety of employees. Silicon temperature sensors are becoming popular as a temperature transducer in many applications. The rising demand from several industries for multiple applications is the result of advanced features associated with silicon temperature sensors. Silicon temperature sensors operate over a wide temperature range, and are miniature in size.
Also, these sensors offer high accuracy, low power consumption, capability of operating in autonomous sampling mode, interchangeability, various communication interfaces, and other advanced features. Silicon sensors are inexpensive instruments, and are available in robust mounting packages and probes. Silicon temperature sensors are widely used with local electronic equipment such as datacom applications, network equipment, base stations, Oven Controlled Crystal Oscillators (OCXO), HVAC/R, and battery protection, which require a moderate temperature range to operate. Hence, the increasing demand from several industries is helping the global silicon temperature sensor market grow at a decent pace.
Global Silicon Temperature Sensor Market: Prominent Regions
North America is the dominant region in the global silicon temperature sensor market. This growth can be attributed to huge investments in research and development activities by manufacturers operating in the region. Asia Pacific is estimated to register the strongest growth in the global silicon temperature sensor market during the forecast period. This is mainly due to rising adoption of silicon temperature sensors in developing economies in Asia Pacific, owing to technological advancements and cost efficiency. The silicon temperature sensor markets in the Middle East and South America are expected to witness moderate growth in the near future.
Key players operating in the global silicon temperature sensor market are displaying synergies through close cooperation and collaboration in the areas of sales, marketing, and production. Manufacturers are also expanding through organic methods, such as increasing production capacity, in order to meet the rising demand.
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Global Silicon Temperature Sensor Market: Key Players
Key players operating in the global silicon temperature sensor market are KOBOLD Messring GmbH, NXP Semiconductors, Omega Engineering Ltd., Danfoss, BeanAir, ROHM Semiconductor, Silicon Laboratories, Lake Shore Cryotronics, Inc., Texas Instruments, and Maxim Integrated.