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IoT Devices Driving Digital Temperature Sensors Market

Digital Temperature SensorsThe Digital Temperature Sensors Market key players have dealt with multiple challenges in extending the deployment of these sensors to various industries. With regular investment in R&D of these sensors to become more adaptable to different environments, newer breakthroughs are emerging consistently. Without temperature sensors, some of the most important functions provided by the internet of things technology such as heating, cooling, ventilation, and others will cease to exist. The rising demand for temperature sensors in machinery deployed in different kinds of manufacturing units will help the digital temperature sensors market in attaining noticeable growth in the upcoming years. During the forecast period 2019-2025, the market will grow with a CAGR of 11% and has been evaluated to have sold 3.8 billion units in 2018.

APAC Region Leading The Digital Temperature Sensors Market

The Asia Pacific region has emerged as the global leader of the digital temperature sensors market and had a share of 42.36% out of the total revenue earned by the market globally in 2018. The manufacturing industries present in China and India have acted as the propelling factor behind the growth of the digital temperature sensors market. In China, 40.5% out of the total gross domestic product in 2017 was contributed by manufacturing industries alone. Temperature sensors are used in optimizing and controlling production environments for manufacturing products that are identical in every aspect. Moreover, both India and China are extensively spending on sending space crafts to explore the deep space. The Indian Space Research Organization, for example, achieved some very important spatial targets in the past 5 years. In July 2019, ISRO launched Chandrayaan-2 which is India’s second mission to the moon. Digital temperature sensors form an important component of space missions where they are used in monitoring both the temperature outside as well maintaining optimum temperatures inside. Temperature sensors in space are required to measure extremely high-temperature environments, especially those resulting from solar flares or high energy. This requirement in space has provided growth to the regional digital temperature sensors market in the APAC region.

The Internet of Things Technology Impacting the Digital Temperature Sensors Market

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Niloy Banerjee

A generic movie-buff, passionate and professional with print journalism, serving editorial verticals on Technical and B2B segments, crude rover and writer on business happenings, spare time playing physical and digital forms of games; a love with philosophy is perennial as trying to archive pebbles from the ocean of literature. Lastly, a connoisseur in making and eating palatable cuisines.

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