The global temperature sensors market revenue was around US$ 6.04 billion in 2023 and is estimated to reach US$ 10.11 billion by 2032, growing at a compound annual growth rate (CAGR) of 5.9% during the forecast period from 2024 to 2032.
Temperature sensors are devices that utilize electricity to monitor data related to temperature. The sensor generates resistance or an electrical voltage when it detects a temperature change. Temperature sensors are classified into various varieties based on their technology, including thermocouples, infrared, thermistors, resistance temperature detectors (RTD), and others.
Market Driving Factors
Surging adoption in the automotive sector to boost the market growth. This is due to the increasing adoption in automotive to maintain vehicle safety, improve engine performance, and lower emissions. As a result, key players are adopting different inorganic and organic strategies to develop cutting-edge products and solutions, primarily for the automotive industry.
The surging usage of home and building automation is estimated to boost the temperature sensor market expansion. This is mainly due to the sensors being considered as an essential component in the home and building automation network as it helps in informing smart devices about the surrounding circumstances. In addition, one of the primary sensors utilized in the home and building automation is thermal sensors. These sensors are integrated into Heating, Ventilation, and Air Conditioning (HVAC), lighting control systems, fire detection alarm systems, and smart thermostats to manage and control temperature automatically.
The need for temperature control in food safety management is predicted to drive market growth. Maintaining temperature is very essential in the food and beverage industry, due to the perishable nature of food. Additionally, the automated temperature control and monitoring aid in ensuring food safety during storage, food processing, and food transit. Furthermore, in the food and beverage industry, these sensors are utilized at different stages from the warehouse to retail stores to control temperature depending upon the food.
Increasing penetration in portable healthcare equipment to fuel the market. This is primarily owing to the increasing aging population and rise in diseases will stimulate demand for cutting-edge portable healthcare devices. In addition, portable healthcare devices are precise in temperature monitoring and measurement which are adopting thermal sensors. As a result, medical devices with inbuilt sensors are utilized to monitor body temperature during hyperthermia treatments as well as to measure patient surface temperature during magnetic resonance imaging, or other specialized electro-surgical procedures.
The high initial price involved in cutting-edge sensors is estimated to hamper the market growth.
Regional Analysis
Asia Pacific dominated the market in terms of the largest shares and is estimated to maintain its dominance. This can be attributed to the constant demand for price-effective and highly efficient temperature sensors across different industries such as consumer electronics, chemicals, metals, automotive, oil and gas, power and energy, mining, and healthcare. In addition, China, as the largest consumer of electricity in the region, mainly owing to its immediate industrialization and large population, is a substantial contributor to the region's growth. Furthermore, the surged demand from the power and energy sector, along with substantial investments in renewable energy resources, is estimated to boost the demand for temperature sensors in China.
North America is expected to dominate the market in terms of the fastest growth rate. This is mainly due to the significant investments from well-established manufacturers in the region dedicated to advancing and improving existing temperature sensor technologies. According to the American Automotive Policy Council, the automotive sector, including automakers and their suppliers, stands as America's largest manufacturing sector, contributing 3% to the country's GDP (Gross domestic product).
Segmentation Insights
Product Type Insight
The thermocouple segment dominates the market in terms of the maximum share. This is due to that this sensor are utilized in a massive range of applications owing to their broad range of models and technical specifications. Furthermore, in the process industry, it is majorly utilized for petrochemical and chemical processing, power generation, metal treatment, diesel engine testing, and waste treatment. It assists in testing temperature in petroleum and chemical plants.
The non-contact temperature sensors segment is estimated to dominate the market in terms of the largest share. These sensors gauge the surface temperature of a body or object without establishing any physical contact between the sensor and the measured object. Furthermore, non-contact temperature sensors include infrared and fiber optic temperature sensors. They are mostly used for compact, mobile, and difficult-to-reach items or sources.
End-User Insight
The temperature sensor ICs segment dominates the market in terms of the largest shares. This is mainly due to the increasing usage of temperature sensor ICs across various applications such as automotive, industrial, and consumer electronics. Furthermore, the escalating requirement for compact and price-effective temperature sensing solutions is driving the segment expansion.
Prominent Companies
Segmentation Outline
The global temperature sensors market segmentation focuses on Output, Product Type, Connectivity, End-User, and Region.
By Output
By Product Type
By Connectivity
By End-User
By Region
[TABLE OF CONTENTS]
1 INTRODUCTION OF GLOBAL TEMPERATURE SENSORS MARKET
1.1 OVERVIEW OF THE MARKET
1.2 SCOPE OF REPORT
1.3 ASSUMPTIONS
2 EXECUTIVE SUMMARY: TEMPERATURE SENSORS MARKET
3 RESEARCH METHODOLOGY
3.1 DATA MINING
3.2 VALIDATION
3.3 PRIMARY INTERVIEWS
3.4 LIST OF DATA SOURCES
3.5 ANALYST TOOLS AND MODELS
4 GLOBAL TEMPERATURE SENSORS MARKET OUTLOOK
4.1 OVERVIEW
4.2 MARKET DYNAMICS AND TRENDS
4.2.1 DRIVERS
4.2.2 RESTRAINTS
4.2.3 OPPORTUNITIES
4.3 PORTERS FIVE FORCE ANALYSIS
4.4 VALUE CHAIN ANALYSIS
4.5 MARKET GROWTH AND OUTLOOK
4.5.1 PRICE TREND ANALYSIS
4.5.2 OPPORTUNITY SHARE
5 GLOBAL TEMPERATURE SENSORS MARKET, BY OUTPUT
5.1 OVERVIEW
5.2 ANALOG
5.3 DIGITAL
6 GLOBAL TEMPERATURE SENSORS MARKET, BY PRODUCT TYPE
6.1 OVERVIEW
6.2 NON-CONTACT TEMPERATURE SENSORS
6.2.1 FIBER OPTIC TEMPERATURE SENSORS
6.2.2 INFRARED TEMPERATURE SENSORS
6.3 CONTACT TEMPERATURE SENSORS
6.3.1 THERMISTORS
6.3.2 RESISTIVE TEMPERATURE DETECTORS
6.3.3 THERMOCOUPLES
6.3.4 BIMETALLIC TEMPERATURE SENSORS
6.3.5 TEMPERATURE SENSORS ICS
7 GLOBAL TEMPERATURE SENSORS MARKET, BY CONNECTIVITY
7.1 OVERVIEW
7.2 WIRELESS
7.3 WIRED
8 GLOBAL TEMPERATURE SENSORS MARKET, BY END-USER
8.1 OVERVIEW
8.2 TEMPERATURE SENSOR IC
8.3 NON-CONTACT TEMPERATURE SENSORS
8.4 FIBER OPTIC TEMPERATURE SENSORS
8.5 THERMISTORS
8.6 THERMOCOUPLES
8.7 RESISTIVE TEMPERATURE DETECTORS
8.8 BIMETALLIC TEMPERATURE SENSORS
8.9 INFRARED TEMPERATURE SENSORS
9 GLOBAL TEMPERATURE SENSORS MARKET, BY GEOGRAPHY
9.1 OVERVIEW
9.2 NORTH AMERICA
9.2.1 NORTH AMERICA MARKET SNAPSHOT
9.2.2 U.S.
9.2.3 CANADA
9.2.4 MEXICO
9.3 EUROPE
9.3.1 EUROPE MARKET SNAPSHOT
9.3.2 WESTERN EUROPE
9.3.2.1 THE UK
9.3.2.2 GERMANY
9.3.2.3 FRANCE
9.3.2.4 ITALY
9.3.2.5 SPAIN
9.3.2.6 REST OF WESTERN EUROPE
9.3.3 EASTERN EUROPE
9.3.3.1 POLAND
9.3.3.2 RUSSIA
9.3.3.3 REST OF EASTERN EUROPE
9.4 ASIA PACIFIC
9.4.1 ASIA PACIFIC MARKET SNAPSHOT
9.4.2 CHINA
9.4.3 JAPAN
9.4.4 INDIA
9.4.5 AUSTRALIA & NEW ZEALAND
9.4.6 ASEAN
9.4.7 REST OF ASIA PACIFIC
9.5 MIDDLE EAST & AFRICA
9.5.1 MIDDLE EAST & AFRICA MARKET SNAPSHOT
9.5.2 UAE
9.5.3 SAUDI ARABIA
9.5.4 SOUTH AFRICA
9.5.5 REST OF MEA
9.6 SOUTH AMERICA
9.6.1 SOUTH AMERICA MARKET SNAPSHOT
9.6.2 BRAZIL
9.6.3 ARGENTINA
9.6.4 REST OF SOUTH AMERICA
10 GLOBAL TEMPERATURE SENSORS MARKET COMPETITIVE LANDSCAPE
10.1 OVERVIEW
10.2 COMPANY MARKET RANKING
10.3 KEY DEVELOPMENT STRATEGIES
10.4 COMPETITIVE DASHBOARD
10.5 PRODUCT MAPPING
10.6 TOP PLAYER POSITIONING, 2022
10.7 COMPETITIVE HEATMAP
10.8 TOP WINNING STRATEGIES
11 COMPANY PROFILES
11.1 AMPHENOL CORPORATION
11.1.1 OVERVIEW
11.1.2 FINANCIAL PERFORMANCE
11.1.3 PRODUCT OUTLOOK
11.1.4 KEY DEVELOPMENTS
11.1.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.2 ANALOG DEVICES
11.2.1 OVERVIEW
11.2.2 FINANCIAL PERFORMANCE
11.2.3 PRODUCT OUTLOOK
11.2.4 KEY DEVELOPMENTS
11.2.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.3 EMERSON ELECTRIC CO.
11.3.1 OVERVIEW
11.3.2 FINANCIAL PERFORMANCE
11.3.3 PRODUCT OUTLOOK
11.3.4 KEY DEVELOPMENTS
11.3.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.4 ENDRESS+HAUSER GROUP SERVICES AG
11.4.1 OVERVIEW
11.4.2 FINANCIAL PERFORMANCE
11.4.3 PRODUCT OUTLOOK
11.4.4 KEY DEVELOPMENTS
11.4.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.5 HONEYWELL INTERNATIONAL INC.
11.5.1 OVERVIEW
11.5.2 FINANCIAL PERFORMANCE
11.5.3 PRODUCT OUTLOOK
11.5.4 KEY DEVELOPMENTS
11.5.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.6 MICROCHIP TECHNOLOGY INC.
11.6.1 OVERVIEW
11.6.2 FINANCIAL PERFORMANCE
11.6.3 PRODUCT OUTLOOK
11.6.4 KEY DEVELOPMENTS
11.6.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.7 SIEMENS
11.7.1 OVERVIEW
11.7.2 FINANCIAL PERFORMANCE
11.7.3 PRODUCT OUTLOOK
11.7.4 KEY DEVELOPMENTS
11.7.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.8 TE CONNECTIVITY
11.8.1 OVERVIEW
11.8.2 FINANCIAL PERFORMANCE
11.8.3 PRODUCT OUTLOOK
11.8.4 KEY DEVELOPMENTS
11.8.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.9 TEXAS INSTRUMENTS INCORPORATED
11.9.1 OVERVIEW
11.9.2 FINANCIAL PERFORMANCE
11.9.3 PRODUCT OUTLOOK
11.9.4 KEY DEVELOPMENTS
11.9.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
11.10 WIKA ALEXANDER WIEGAND SE & CO. KG
11.10.1 OVERVIEW
11.10.2 FINANCIAL PERFORMANCE
11.10.3 PRODUCT OUTLOOK
11.10.4 KEY DEVELOPMENTS
11.10.5 KEY STRATEGIC MOVES AND DEVELOPMENTS
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