Temperature Sensors Market

Market Overview:

The global temperature sensors market is expected to exhibit a growth rate (CAGR) of 5.1% during 2023-2028.

Temperature sensors are electronic devices that assist in measuring the temperature and converting the input data into electronic data to record, monitor, or signal temperature changes. They are durable and have a low initial cost, high-speed response, and remarkable accuracy. They are widely available in different sizes, shapes, and variants. At present, the need for faster processors, smaller system sizes, and supporting advanced applications in personal computing are making monitoring and controlling heat imperative. This, coupled with the increasing sales of desktop and portable computers, is positively influencing the demand for temperature controllers across the globe.

Temperature Sensors Market Trends:

Leading manufacturers operating in the food and beverage (F&B) sector are relying on temperature sensors to maintain higher quality and consistency. This represents one of the significant factors facilitating the growth of the market. Moreover, there is a rise in the need for advanced and portable healthcare equipment on account of the introduction of advanced patient monitoring systems and the rising geriatric population, deteriorating lifestyles, and growing viral infections, such as COVID-19. This, in confluence with the growing focus on security and surveillance worldwide and initiatives undertaken by numerous countries toward safety norms, is driving the overall sales. Apart from this, the increasing adoption of heating, ventilation, and air conditioning (HVAC) modules in the automotive sector is also strengthening the market growth. Furthermore, there is a rise in the utilization of wireless temperature sensors in different industries to reach locations wherein the physical deployment of a device is not possible. For instance, they are employed in the oil and gas industry, wherein temperature measurements are critical as the installation of a wired device inside a tank or a pipe can be inefficient if the operating temperature is high.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global temperature sensors market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on connectivity, technology and end use industry.

Breakup by Connectivity:

• Wired
• Wireless
   

Breakup by Technology:

• Infrared
• Thermocouple
• Resistance Temperature Detectors (RTD)
• Thermistor
• Temperature Transmitters
• Fiber Optic
• Others
   

Breakup by End Use Industry:

• Chemical and Petrochemical
• Oil and Gas
• Metal and Mining
• Power Generation
• Food and Beverage
• Automotive
• Medical
• Aerospace and Military
• Consumer Electronics
• Others
   

Breakup by Region:

• North America
  • United States
  • Canada
• Asia-Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Russia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being ABB Ltd., Amphenol Corporation, Analog Devices Inc., Continental AG, Emerson Electric Co., Honeywell International Inc., Microchip Technology Inc., NXP Semiconductors N.V., OMRON Corporation, Panasonic Corporation, Robert Bosch GmbH, Siemens AG, STMicroelectronics, TE Connectivity and Texas Instruments Incorporated.

Report Coverage:

Key Questions Answered in This Report:

• How has the global temperature sensors market performed so far and how will it perform in the coming years?
• What has been the impact of COVID-19 on the global temperature sensors market?
• What are the key regional markets?
• What is the breakup of the market based on the connectivity?
• What is the breakup of the market based on the technology?
• What is the breakup of the market based on the end use industry?
• What are the various stages in the value chain of the industry?
• What are the key driving factors and challenges in the industry?
• What is the structure of the global temperature sensors market and who are the key players?
• What is the degree of competition in the industry?