A temperature sensor is a sensing device that converts heat energy or coldness (temperature) of an object into a measurable analog or digital signal (depending upon product type)."

Visionary leaders are the leading market players in terms of new developments such as product launches, innovative technologies, and adoption of growth strategies. These players have a broad portfolio of products that caters to most regions globally. Visionary leaders primarily focus on acquiring the leading market position through their strong financial capabilities and well-established brand equity.

Dynamic differentiators are established vendors with strong business strategies. They focus on a specific type of technology related to the service, and they have lesser product offerings compared with vanguards. In the temperature sensor market, dynamic differentiators refer to the players that offer a much focused portfolio of products for selected applications and provide specialized solutions.

Innovators demonstrate substantial service innovations. They have a diversified service portfolio. However, they have limited strategies for their overall business. In the temperature sensor market, innovators refer to the players that are developing different temperature sensors for various applications such healthcare and wearable devices.

Emerging companies have niche service offerings and are focusing to hold a position in the market. They do not have strong business strategies. They might be new entrants in the market and require time to get significant traction in the market.