According to a new market research report published by Credence Research “Non-contact Temperature Sensors Market (Product – Infrared, Fiber Optic; Application –Automobile, Infrastructure, Consumer Electronics, Food & Beverages, Medical) – Growth, Future Prospects and Competitive Analysis, 2019 – 2027”, the overall non-contact temperature sensors market worldwide is set to grow with a CAGR of 4.0% during the forecast period.
The overall non-contact temperature sensors market is highly driven by the demand for enriched signals. A sensor is a device that detects an occurrence of any event or change in the environmental condition and if found, provides a relevant output. Due to increased demand for non-contact sensors in the consumer electronics and automobile vehicles the non-contact temperature sensors market is on a growth trajectory. On account of increased adoption of non-contact sensors in various industries like healthcare, logistic, and defense, need for advanced security solutions in the automobiles the demand for non-contact temperature sensors market is growing. As a result of these factors, we are expecting high growth in non-contact temperature sensors market during the forecast period.
Based on product type, infrared temperature sensors segment led the market during the forecast period. Non-contact (infrared) temperature sensing reads temperature by capturing a portion of the infrared energy discharged by an object or substance, and identifying its intensity. It is used to sense the temperature of solids and liquids, but cannot be used on gases due to their translucent nature. Further, the modernization of the medical and healthcare sector is a key factor driving the growth of non-contact temperature sensor market. On account of all these factors, we are expecting the infrared temperature sensors segment to continue led the market throughout the forecast period.
Based on the geography, Europe is dominating the non-contact sensor market worldwide. During the forecast period, Asia-Pacific be the fastest growing region. Backed by rapid industrialization, strengthening manufacturing activities and strong economic development, Asia-Pacific shall continue generating large revenue for the non-contact temperature market. India and China being the emerging economies shall lead the growth in the Asia-Pacific region. Further, expansion of Oil & Gas services in the region along with growth in electronic shall boost the non-contact temperature market. As a result of these factors, we are expecting Asia Pacific to grow with the highest CAGR during the forecast period.
Some of the major companies profiled in the report include ABB LTD., Honeywell International Inc., Eaton, Baumer Customer Sensor & Technologies Inc.,Balluf Inc.Analog Devices Inc., Eaton Corporation Plc., Infineon Technologies AG, NXP Semiconductors, Emerson Process Management and others.
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