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
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Report Metric
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Details
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Forecast Period
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2023 to 2030
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Base Year
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2022
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Historic Years
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2021 (Customisablr to 2015-2020)
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Quantitative Units
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Revenue in USD Billion, Volumes in Units, Pricing in USD
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Segments Covered
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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)
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Countries Covered
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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
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Market Players Covered
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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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Market Opportunities
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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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