Temperature Sensor Market | Size, Share, Growth, Trends, and Forecast 2023-2029: Revenue to Reach US$ 10.25 Bn by 2029, CAGR 4.5% - ABB, Analog Devices, Honeywell Lead
Temperature Sensor Market Expected to Reach US$10.25 Billion by 2029, Driven by Growth in Automotive and Healthcare Industries Market Overview: The global temperature sensor market is expected to reach US$10.25 billion by 2029 , growing at a compound annual growth rate (CAGR) of 4.5% from 2023 to 2029. This growth is driven by several factors, including: Increasing adoption of HVAC modules in the automotive industry Rising demand for temperature sensors across various industrial applications Growing focus on security and surveillance Government measures towards safety requirements Strong demand for consumer electrical devices Shift towards digitalization in electronics, leading to the adoption of IoT and IIoT Every step forward is a chance to embrace possibility and shape our journey: https://www.maximizemarketresearch.com/request-sample/2806 Market Introduction: A temperature sensor is a device that measures temperature and converts the analog o