Market Share of North America Temperature Sensors Industry
The North America temperature sensor market is moderately fragmented due to many players operating in the market, such as Honeywell, Analog Devices Inc, and Texas Instruments, among other regional and local manufacturers. Continuous product up-gradation and industry convergence are driving the market towards highly differentiated offerings. Further, players adopt strategic initiatives such as mergers and acquisitions, partnerships, etc., to strengthen their market presence. Some of the recent developments in the market are:
- July 2020 - Maxim Integrated Products Inc. and Analog Devices Inc. announced that they entered into a definitive agreement. Analog Devices Inc. will acquire Maxim in an all-stock transaction that values the combined enterprise at over USD 68 billion. The transaction is expected to close in the summer of 2021. This transaction would strengthen Analog Devices Inc. and increase its reach and scale across multiple markets.
- May 2021 - Honeywell installed advanced skin temperature screening systems (Honeywell Thermo Rebellion) in Terminal One of New York's John F. Kennedy International Airport for passengers and employees
North America Temperature Sensors Market Leaders
Texas Instruments Incorporated
Honeywell International Inc
Analog Devices Inc
Fluke Process Instruments
Emerson Electric Company
*Disclaimer: Major Players sorted in no particular order
