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Global Temperature Sensor Market – Industry Trends and Forecast to 2030

  • Semiconductors and Electronics
  • Upcoming Report
  • Oct 2023
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Temperature Sensor Market – Industry Trends and Forecast to 2030

Market Size in USD Billion

CAGR - % Diagram

Diagram Forecast Period 2022–2030
Diagram Market Size (Base Year) USD 5.69 Billion
Diagram Market Size (Forecast Year) USD 9.79 Billion
Diagram CAGR %

Global Temperature Sensor Market, By Product (Contact Type and Non-contact Type), Output (Analog and Digital), End-User (Chemicals, Oil and Gas, Consumer Electronics, Energy and Power, Healthcare, Automotive, Metals and Mining, Food and Beverages, Pulp and Paper, Advanced Fuel, Aerospace and Defense, Glass and Others) – Industry Trends and Forecast to 2030.

 

Temperature Sensor Market Analysis and Size

Temperature sensors are being highly adopted in numerous industries such as manufacturing, automotive and electronics, among others. These sensors are available in various forms having their own unique applications.

Global temperature sensor market was valued at USD 5.69 billion in 2022 and is expected to reach USD 9.79 billion by 2030, registering a CAGR of 7.02% during the forecast period of 2023-2030. The “automotive sector” accounts for the largest segment in the end use industry owing to the rise in demand for zero emission vehicles. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysisIn addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.

Temperature Sensor Market Scope and Segmentation

Report Metric

Details

Forecast Period

2023 to 2030

Base Year

2022

Historic Years

2021 (Customisablr to 2015-2020)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Global Temperature Sensor Market, By Product (Contact Type and Non-contact Type), Output (Analog and Digital), End-User (Chemicals, Oil and Gas, Consumer Electronics, Energy and Power, Healthcare, Automotive, Metals and Mining, Food and Beverages, Pulp and Paper, Advanced Fuel, Aerospace and Defense, Glass and Others)

Countries Covered

U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of the Middle East and Africa

Market Players Covered

Texas Instruments Incorporated (U.S.), Panasonic Corporation (Japan), Siemens (Germany), Honeywell International Inc. (U.S.), ABB (Switzerland), Analog Devices, Inc. (U.S.), General Electric Company (U.S.), Kongsberg (Norway), Emerson Electric Co. (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (U.S.), NXP Semiconductors (Netherland), Maxim Integrated (U.S.) and Mouser Electronics, Inc. (U.S.), Robert Bosch GmbH (Germany), TE Connectivity (Switzerland), OMEGA Engineering Inc. (U.S.), Semiconductor Components Industries, LLC (U.S.), Endress+Hauser Hauser Group Services AG (Switzerland), Amphenol Corporation (U.S.)

Market Opportunities

Market Definition

A temperature sensor, also known as instrumentation equipment, an RTD, or a thermocouple, is a device that uses an electrical signal to measure heat or temperature. A thermocouple is a device that senses temperature and is made up of two dissimilar metals that produce an electrical voltage that is directly proportional to temperature change.

Global Temperature Sensor Market Dynamics

Drivers

  • Growing Penetration of Temperature Sensors

The global temperature sensor market is being driven by the growing need for innovative and portable healthcare equipment. The demand for temperature sensors is increasing as new technologies emerge, such as improved patient monitoring systems and portable health monitoring systems

  • Rising for Temperature Sensors in Automotive Sector

The market for temperature sensors has expanded in tandem with the increased need for reliability, comfort, and other innovative features in automobiles.

  • Growing Use in Home and Building Automation

Sensors are an important part of the home and building automation network since they aid in notifying smart devices about their surroundings. Thermal sensors are one of the most common sensors used in home and building automation which will further accelerate the market growth.

Opportunity

  • Rising Demand of Wearable Devices

Furthermore, growing popularity of wearable devices will further expand the market. Also, supportive government initiatives and funding for IoT projects will further expand the market.

Restraint/Challenge

  • High Cost of Raw Materials and Stringent Regulations

On the other hand, the fluctuations in the costs of the raw material is further anticipated to hinder the market growth. However, the stringent performance demands for advanced applications might further hamper the growth of the market in the forecast period 2023-2030.

This global temperature sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on global temperature sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays

Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.

Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.

Expected Impact of Economic Slowdown on the Pricing and Availability of Products

When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.

 Recent Development

  • In May 2021, Honeywell stated that dnata US has launched the Honeywell ThermoRebellion temperature monitoring solution at Boston Logan International Airport to support domestic and international passengers. Dnata US, one of the world's leading aviation services companies, provides ground handling, cargo, transport, and flight catering services on five continents

Global Temperature Sensor Market Scope

The global temperature sensor market is segmented on the basis of product, output, and end user.  The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Contact Type
  • Non-Contact Type

Output

  • Analog
  • Digital

End User

  • Chemicals
  • Oil and Gas
  • Consumer Electronics
  • Energy and Power
  • Healthcare
  • Automotive
  • Metals and Mining
  • Food and Beverages
  • Pulp and Paper
  • Advanced Fuel
  • Aerospace and Defense
  • Glass
  • Others

Global Temperature Sensor Market Region Analysis/Insights

The global temperature sensor market is analysed and market size insights and trends are provided by country, product, output, and end user as referenced above.

The countries covered in the global temperature sensor market report are U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA).

North America dominates the global temperature sensor market  because of the presence of major key players within the region. Furthermore, the rise in the adoption of smart home applications will further influence the growth of the market.

Asia-Pacific is expected to show significant amount of growth during the forecast period of 2023 to 2030 because of growing manufacturing sector. Moreover, the easy availability of raw materials is further anticipated to boost the growth of the market.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Temperature Sensor Market Share Analysis

The global temperature sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to global temperature sensor market.

Some of the major players operating in the global temperature sensor market are

  • Texas Instruments Incorporated (U.S.)
  • Panasonic Corporation (Japan)
  • Siemens (Germany)
  • Honeywell International Inc. (U.S.)
  • ABB (Switzerland)
  • Analog Devices, Inc. (U.S.)
  • General Electric Company (U.S.)
  • Kongsberg (Norway)
  • Emerson Electric Co. (U.S.)
  • STMicroelectronics (Switzerland)
  • Microchip Technology Inc. (U.S.)
  • NXP Semiconductors (Netherland)
  • Maxim Integrated (U.S.)
  • Mouser Electronics, Inc. (U.S.)
  • Robert Bosch GmbH (Germany)
  • TE Connectivity (Switzerland)
  • OMEGA Engineering Inc. (U.S.)
  • Semiconductor Components Industries, LLC (U.S.)
  • Endress+Hauser Hauser Group Services AG (Switzerland)
  • Amphenol Corporation (U.S.)


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Research Methodology:

Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

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Customization Available:

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.

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FREQUENTLY ASK QUESTIONS

The temperature sensor market size will be worth USD 9.79 billion by 2030 during the forecast period.
The growth rate of the temperature sensor market is 7.02% in the forecast by 2030.
The Growing penetration of temperature sensors & rising temperature sensors in the automotive sector are the growth drivers of the temperature sensor market.
The Product, output, and end-user are the factors on which the temperature sensor market research is based.
The Major companies in the temperature sensor market are Texas Instruments Incorporated (U.S.), Panasonic Corporation (Japan), Siemens (Germany), Honeywell International Inc. (U.S.), ABB (Switzerland), Analog Devices, Inc. (U.S.), General Electric Company (U.S.), Kongsberg (Norway), Emerson Electric Co. (US), STMicroelectronics (Switzerland), Microchip Technology Inc. (U.S.), NXP Semiconductors (Netherland), Maxim Integrated (U.S.) and Mouser Electronics, Inc. (U.S.), Robert Bosch GmbH (Germany), TE Connectivity (Switzerland), OMEGA Engineering Inc. (U.S.), Semiconductor Components Industries, LLC (U.S.), Endress+Hauser Hauser Group Services AG (Switzerland), Amphenol Corporation (U.S.).
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