Category

Temperature Sensor Market Size, Share, Opportunities, COVID-19 Impact, And Trends By Type (Contact, Integrated Circuit, Thermistor, RTD, Thermocouple, Non-Contact, Infrared, Thermophile), By Connectivity (Wired, Wireless), By End-User Industry (Automotive, Oil And Gas, Food And Beverage, HVAC, Consumer Electronics, Chemical, Others), And By Geography - Forecasts From 2020 To 2025

Published: May 2021 | Report Code:  KSI061610254 | Pages:  125

The temperature sensor market is projected to grow at a CAGR of 4.69% over the forecast period to reach US$8.304 billion in 2025 from US$6.307 billion in 2019. Temperature Sensor is an electronic device which helps in measuring the temperature through electrical signal, these sensors are used in various systems to measure the heat released and alert the end-user.

Advancement in Nano and micro technology is helping in the development of high performance, reliable, accurate and cost-effective temperature sensors solution for various industrial solutions. Sensors are available in different forms according to specific installation like integrated circuit (IC) temperature sensor are used in electronic applications to detect the heat released and start the cooling device. Temperature sensors have benefits like durability, accuracy, and low power consumption. Demand for contactless temperature sensors for hazardous locations is also expected to boost the demand for these sensors. Stringent regulations with respect to the application of temperature sensors for ensuring over-heating issues will propel the market growth in the forecast period.

By Type

The temperature sensor market is segmented by type as resistor temperature detectors, thermocouples, infrared, thermistors, and others. Thermistors are thermally sensitive resistors whose prime function is to exhibit a large, predictable and precise change in electrical resistance when subjected to a corresponding change in body temperature. Integrated circuits sensors are available in a variety of interfaces like analog or digital. The integrated circuit produces an output current proportional to absolute temperature. The sensor package is small with a low thermal mass and fast response time. RTD is a resistance thermometer or resistance temperature detector which has higher accuracy and repeatability. The infrared temperature sensor senses electromagnetic waves in the 700 nm to 14,000 nm range. IR sensors read moving objects which can’t be read properly by contact temperature sensors.

By End-User Industry

By end-user industry, the temperature sensor market is segmented into automotive, oil and gas, food and beverage, HVAC, consumer electronics, chemical, and others. Temperature sensors are used in automotive sensors for sensing the temperature of liquid and gases in a vehicle. In Food and Beverage industry temperature sensors are used for keeping the food out of danger zone and activate alarms to alert workers when the temperature exceeds or drop from the safe range as a few degrees can make a lot of difference between a safe product and one contaminated with harmful bacteria.

By Geography

Geographically, the temperature sensor market is classified into North America, South America, Europe, Middle East, and Africa, and the Asia Pacific The report also analyses major countries across these regions with complete analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.  The mature market in North America coupled with the presence of a large number of global market players has led to the deployment of temperature sensors across various end-use industries. Asia Pacific region will witness the fastest regional market growth during the forecast period owing to rapid industrialization and urbanization in emerging economies, leading to rising adoption of temperature sensors across food and beverage, oil and gas, consumer electronics, and automotive industries.             

Competitive Insights

Prominent key market players in the temperature sensor market include Honeywell International Inc., Texas Instruments Incorporated, Microchip Technology Inc., Delphi, and Panasonic Corporation of North America among others. The market is highly competitive owing to the presence of a large number of market players. These players are adopting various strategies such as new product launches, M&A, partnerships, and business expansion to gain a competitive advantage in the global temperature sensors market. Recent developments in the market are: - In 2018 Escobee got investment worth 61 million from Amazon for smart thermostat connected devices in the industry.

Temperature Sensor Market Scope:

Report Metric Details
 Market size value in 2019  US$6.307 billion
 Market size value in 2025  US$8.304 billion
 Growth Rate  CAGR of 4.69% from 2019 to 2025
 Base year  2019
 Forecast period  2020–2025
 Forecast Unit (Value)  USD Billion
 Segments covered  Type, Connectivity, End-User Industry, And Geography
 Regions covered  North America, South America, Europe, Middle East and Africa, Asia Pacific
 Companies covered HONEYWELL INTERNATIONAL INC., Texas Instruments Incorporated, Microchip Technology Inc., Delphi, Panasonic Corporation of North America, NXP Semiconductors, ABB, Siemens, General Electric, Schneider Electric, Emerson Electric Co.
 Customization scope  Free report customization with purchase

Segmentation

The Temperature Sensor market is segmented by type, connectivity, end-user industry, and geography.

  • By Type
    • Resistor Temperature Detectors
    • Thermocouples
    • Infrared
    • Thermistors
    • Others
  • By Connectivity
    • Wired
    • Wireless
  • By End-User Industry
    • Automotive
    • Oil and Gas
    • Food and Beverage
    • HVAC
    • Consumer Electronics
    • Chemical
    • Others
  • By Geography
    • North America
      • USA
      • Canada
      • Mexico
    • South America
      • Brazil
      • Argentina
      • Others
    • Europe
      • Germany
      • France
      • United Kingdom
      • Spain
      • Others
    • Middle East and Africa
      • Saudi Arabia
      • Israel
      • UAE
      • Others
    • Asia Pacific
      • China
      • Japan
      • South Korea
      • India
      • Others

Frequently Asked Questions (FAQs)

Q1. What will be the temperature sensor market size by 2025?
A1. The temperature sensor market is projected to reach a total market size of US$8.304 billion by 2025.
 
Q2. What are the growth prospects for temperature sensor market?
A2. The global temperature sensor market is projected to grow at a CAGR of 4.69% over the forecast period.
 
Q3. What is the size of global temperature sensor market?
A3. Temperature Sensor market was valued at US$6.307 billion for the year 2019.
 
Q4. Which region holds the largest market share in the temperature sensor market?
A4. The mature market in North America coupled with the presence of a large number of global market players has led to the deployment of temperature sensors across various end-use industries. 
 
Q5. What factors are anticipated to drive the temperature sensor market growth?
A5. Stringent regulations with respect to the application of temperature sensors for ensuring over-heating issues will propel the market growth in the forecast period.

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