High sensitivity, low cost, quick response rate, the ability to customize flexibility, small size, and ease of use are some of the advantages of these devices over the other variants. When vertical is taken into consideration, the market is divided into automotive & aerospace, petrochemical and oil & gas, consumer electronics, food & beverage, pharmaceuticals, industrial, and utilities.
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Amongst these, the automotive & aerospace category recorded the highest growth in the market in the past years. This was because of the enactment of several strict government regulations and policies that mandate the usage of temperature sensors in vehicles. This was done for making the fuel consumption of the automobile more efficient, mainly due to the high air pollution and the huge demand for reducing the greenhouse gas emissions of vehicles.
Furthermore, the rapid expansion of the automotive industry and the aftermarket is boosting the requirement for temperature sensors all over the globe. Geographically, the temperature sensor market recorded the highest growth in Asia-Pacific (APAC) in the past and this trend is predicted to continue in the coming years as well. This would be because of the growing requirement for processed food items in the region, the rising urbanization rate, and the expanding automobile industry in the regional countries.
In this region, China is the biggest user of temperature sensors and across the world, it is the second-largest user of temperature sensors. Thus, it can be said with surety that the market would register huge growth all over the world in the upcoming years, primarily because of the increasing requirement for temperature sensors in the automobile industry and the boom of this industry in various countries.
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