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The North America region was the third highest contributor to the global thermocouple temperature sensor market, generating $XX million in 2018, and is projected to reach $XX million by 2027, registering a CAGR of 4.19% over the forecasting years of 2019-2027. The U.S. and Canada are the countries which are involved majorly in the regional market.
The increasing sales and advancement of automobiles, the amplifying technological developments and the budding importance of safety & security have been propelling the growth of the market for thermocouple temperature sensors. The aerospace industry is undergoing gradual expansion in the next few years mainly due to the focused attention on innovation and digital transformation. This step is expected to boost the demand for thermocouple temperature sensors due to their extensive use in aircrafts.
The major companies functioning in the market are Texas Instruments, Maxim Integrated Products Inc., TE Connectivity, Danfoss A/S, Keyence Corporation, Honeywell International Inc., STMicroelectronics, Bosch Sensortec, NXP Semiconductors N.V., and Microchip Technology Inc.