Global Market for Temperature Sensor is Anticipated to grow at a Significant Pace i.e., USD 11.5 Billion during the Forecast Period 2022-2028

Published Date: Jul, 2022

The global temperature sensor market is expected to register a CAGR of 5% during the analysis period 2022-2028. The increased use of temperature sensors across a variety of end-use sectors and the quick uptake of temperature sensors to measure heat generated and alert the end-user are two factors that have a significant impact on the worldwide temperature sensor market. Due to the increasing use of temperature sensors in consumer electronics, wearable technology, automotive, and other application owing to its cost-efficacy, compactness, and multifunctional nature, thereby the demand for temperature sensors is expected to increase during the analysis period.  The use of temperature sensors in the healthcare sector is also anticipated to increase because of technological advancements such as advanced patient monitoring systems, miniaturization of medical devices and portable health monitoring systems. Moreover, the increased deployment of temperature sensors in automobiles to improve engine performance, maintain the safety of the vehicle, reduce emission will drive the market growth. Thus, features like durability, accuracy, and low power consumption will propel the market growth of temperature sensors industry.

In January 2022, the High-Performance Infrared-Reflection (HPIR-R) moisture sensor from ABB offers the quickest, most accurate moisture monitoring currently available. The sensor provides accurate, high-resolution measurements up to 5,000 measurements per second, allowing mills to enhance throughput while lowering operational costs. With a built-in sheet temperature sensor and a fully air-cooled architecture, ABB's new HPIR-R moisture measurement system is intended to be field serviceable.

Even throughout the COVID-19 pandemic, the global market for temperature sensors continued to expand steadily. The market demand for temperature sensors in the pandemic was driven by the greater deployment of temperature sensors across a number of industries like healthcare, consumer electronics, etc.

The market share for temperature sensors is growing because the temperature sensors business offers a wide range of temperature modifications to meet diverse needs in various industries.

Browse 63 market data Tables and 40 Figures spread through 200 Pages and in-depth TOC on " Temperature Sensor Market by Product Type (Contact Temperature Sensors (Thermocouples, Resistive Temperature Detectors, Thermistors, Temperature Sensor ICs, and Bimetallic Temperature Sensors) and Non-Contact Temperature Sensors (Infrared Temperature Sensors and Fiber Optic Temperature Sensors)), by Output (Digital and Analog), by Connectivity (Wired and Wireless), by End-Use Industry (Automotive, Chemicals, Oil & Gas, Metals & Mining, Consumer Electronics, Energy & Power, Aerospace & Defense, Healthcare, Food & Beverages, Pulp & Paper, and Others), and Region - Global Forecast to 2028"

By product type, infrared temperature sensor is anticipated to have significant market opportunities during the forecast period.

The healthcare sector may provide significant opportunities for the infrared sensor. In medical applications, these sensors provide for precise non-contact temperature measurement. These tools aid in providing enhanced patient comfort while more accurately diagnosing patients with severe diseases including infection and hypothermia.  These non-contact sensors can measure skin temperature, ear temperature, and forehead temperature without making direct contact with the subject's body because of their compact circuit package availability. As a result, temperature sensors are increasingly needed to create new temperature monitoring systems to combat the COVID-19 epidemic. Moreover, the increased adoption in the manufacturing sector, plastic moulding industry, and automotive sector will further drive the infrared non-contact sensor segment growth.

Global Temperature Sensor Market Segmentation Analysis

Segment

Categorization

Leading Category

Product Type

 Contact Temperature Sensors (Thermocouples, Resistive Temperature Detectors, Thermistors, Temperature Sensor ICs, and Bimetallic Temperature Sensors) and Non-Contact Temperature Sensors (Infrared Temperature Sensors and Fiber Optic Temperature Sensors)

Non-Contact Temperature Sensors (Fastest)

Output

Digital and Analog

Digital (Largest)

Connectivity

Wired and Wireless

Wireless (High CAGR)

End-Use Industry

Automotive, Chemicals, Oil & Gas, Metals & Mining, Consumer Electronics, Energy & Power, Aerospace & Defense, Healthcare, Food & Beverages, Pulp & Paper, and Others

Consumer Electronics (Largest)

Healthcare (Fastest)

 

Region

North America, Europe, Asia-Pacific, and Rest of the World

Asia-Pacific

(Largest)

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“North America is anticipated to have a significant share in the temperature sensor market during the forecast period.”

North America holds a significant market share in the temperature sensor market owing to the presence of well-established manufacturers that are investing substantially in development of existing temperature sensors.

Some of the major players in the global Temperature Sensor industry include Texas Instruments Incorporated, Honeywell International Inc, Murata Manufacturing Co., Ltd., STMicroelectronics, NXP Semiconductors, Siemens, ABB, Analog Devices, Inc., Emerson Electric Co., and Maxim Integrated.

Scope of the Report

Report Metric

Details

Market Size Available for the Years in the Study

2016–2028

Historical Period

2016–2021

Base Year

2021

Forecast Period

2022–2028

Segments Covered in the Study

Product Type, Output, Connectivity, End-Use Industry, and Region

Geographies Covered in the Study

North America (U.S., Canada, Mexico), Europe (Germany, U.K., France, Italy, Spain, Russia), Asia-Pacific (China, Japan, India, South Korea), and Rest of the World (Brazil, Saudi Arabia, South Africa, U.A.E.)

Companies Covered in the Study

Texas Instruments Incorporated, Honeywell International Inc, Murata Manufacturing Co., Ltd., STMicroelectronics, NXP Semiconductors, Siemens, ABB, Analog Devices, Inc., Emerson Electric Co., and Maxim Integrated

Global Temperature Sensor Market Coverage

Product Type Insight and Forecast 2016-2028

  • Contact Temperature Sensors
    • Thermocouples
    • Resistive Temperature Detectors
    • Thermistors
    • Temperature Sensor ICs
    • Bimetallic Temperature Sensors
  • Non-Contact Temperature Sensors
    • Infrared Temperature Sensors
    • Fiber Optic Temperature Sensors

Output Insight and Forecast 2016-2028

  • Digital
  • Analog

Connectivity Insight and Forecast 2016-2028

  • Wired
  • Wireless

End-Use Industry Insight and Forecast 2016-2028

  • Automotive
  • Chemicals
  • Oil & Gas
  • Metals & Mining
  • Consumer Electronics
  • Aerospace & Defense
  • Energy & Power
  • Healthcare
  • Food & Beverages
  • Pulp & Paper
  • Others

Geographical Segmentation

Temperature Sensor Market by Region

North America

  • By Product Type
  • By Output
  • By Connectivity
  • By End-Use Industry
  • By Country – U.S., Canada, and Mexico

Europe

  • By Product Type
  • By Output
  • By Connectivity
  • By End-Use Industry
  • By Country – Germany, U.K., France, Italy, Spain, Russia, and Rest of Europe

Asia-Pacific (APAC)

  • By Product Type
  • By Output
  • By Connectivity
  • By End-Use Industry
  • By Country – China, Japan, India, South Korea, and Rest of Asia-Pacific

Rest of the World (RoW)

  • By Product Type
  • By Output
  • By Connectivity
  • By End-Use Industry
  • By Country – Brazil, Saudi Arabia, South Africa, U.A.E., and Other Countries