Japan’s temperature sensors market is projected to reach USD 0.41 billion by 2022, growing at a CAGR of 7.01% over the period 2017-2022. Temperature sensing has been gaining importance in the R&D and industrial settings, giving rise to a high demand for temperature sensors. Huge investments from the companies operating in the market to develop enhanced temperature sensor functionalities and the increasing adoption of HVAC modules act as the key factors driving the market. Technological advancements and reduced prices have resulted in the introduction of new applications in the HVAC space.
Japan Temperature Sensors Market-Market Dynamics
Temperature controls are essential for the manufacturing, handling, and storing of medical equipment and drugs. They are increasingly used in the communication industry as a result of the growth in handheld communication devices. The growing demand for consumer electronics such as smartphones, cameras, and media players that make use of microprocessors with temperature sensing ICs, will further boost the market. However, intense competition and significant price cuts may restrain the temperature sensors market over the forecast period.
Japan’s temperature sensors market is segmented on the basis of type and industry. Japan accounted for 25% of the Asia-Pacific temperature sensor market in 2014 and is estimated to grow at the third highest rate. Demand for the temperature sensors from the automotive and consumer electronics industries substantially contributes to the growth of the market in Japan.
This report gives a detailed study of Porter’s five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry. Some of the key players mentioned in the report are
- Freescale Semiconductor Inc.
- Honeywell International
- Infineon Technologies AG
- Maxim Integrated Products Inc.
- STMicroelectronics
- Texas Instruments
What the Report Offers
- Market definition for Japan’s temperature sensors market along with identification of key drivers and restraints for the market.
- Market analysis for Japan’s temperature sensors market, with region-specific assessments and competition analysis on a regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect Japan’s temperature sensors market on a regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
