Temperature Sensor Market
PUBLISHED: 2023 ID: SMRC24528
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Temperature Sensor Market

Temperature Sensor Market Forecasts to 2030 - Global Analysis By Product Type (Contact Temperature Sensors and Non Contact Temperature Sensors), By Metal Type (Platinum, Nickel, Copper, Tungsten, Silicon and Other Metal Types), Output, Connectivity, End User and By Geography

4.1 (65 reviews)
4.1 (65 reviews)
Published: 2023 ID: SMRC24528

This report covers the impact of COVID-19 on this global market
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Years Covered

2021-2030

Estimated Year Value (2023)

US $6.6 BN

Projected Year Value (2030)

US $10.3 BN

CAGR (2023 - 2030)

6.5%

Regions Covered

North America, Europe, Asia Pacific, South America, and Middle East & Africa

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

North America

Highest Growing Market

Asia Pacific


According to Stratistics MRC, the Global Temperature Sensor Market is accounted for $6.6 billion in 2023 and is expected to reach $10.3 billion by 2030 growing at a CAGR of 6.5% during the forecast period. A temperature sensor is a device that measures the level of heat and converts it into an electrical signal. Widely used in industrial, scientific, and consumer applications, temperature sensors play a crucial role in monitoring and controlling processes. Their advantages include accuracy, responsiveness, and the ability to provide real-time data for efficient temperature management.

According to the India Brand Equity Foundation (IBEF), the Indian automotive sector became the fourth largest in the world, with sales increasing 9.5% year-on-year to 4.02 billion units in 2017.

Market Dynamics: 

Driver: 

Growing adoption of temperature sensors in consumer electronics 

With the proliferation of smartphones, wearables, and smart home devices, temperature sensors play a pivotal role in ensuring optimal performance and user experience. These sensors monitor device temperature to prevent overheating, enhance energy efficiency, and contribute to overall system stability. As consumer electronics continue to evolve, incorporating advanced features and functionalities, the demand for accurate and reliable temperature sensing becomes increasingly crucial. This trend underscores the pivotal role of temperature sensors in safeguarding device integrity and contributing to the seamless operation of a wide array of consumer electronic products.

Restraint:

Calibration complexities and the need for periodic calibration

Calibration is essential to maintain the accuracy and reliability of temperature measurements over time. However, the process introduces challenges, including the requirement for specialized equipment, skilled personnel, and interruptions to regular operations during calibration periods. Ensuring consistent accuracy can be particularly intricate in harsh environments or extreme temperature conditions where frequent recalibration may be necessary. The complexity of calibration procedures can lead to downtime and increased operational costs for industries reliant on temperature-sensitive processes. 
Opportunity:

Rising use of temperature sensors in industrial automation

In the realm of Industry 4.0, temperature sensors play a pivotal role in optimizing processes, ensuring product quality, and maintaining operational efficiency. From manufacturing plants to logistics and supply chain management, industrial automation relies heavily on accurate temperature monitoring for equipment health and safety. As industries increasingly embrace automation for enhanced productivity, the demand for temperature sensors continues to grow. This opportunity is further accentuated by the integration of temperature sensing technologies with IoT and data analytics, providing real-time insights that contribute to informed decision-making and proactive maintenance strategies in industrial settings.

Threat:

Global supply chain disruptions

The intricate web of suppliers, manufacturers, and distributors involved in the production of temperature sensors is susceptible to external factors, such as geopolitical tensions, natural disasters, and global events like the COVID-19 pandemic. These disruptions can lead to delays in the procurement of raw materials, manufacturing components, and the transportation of finished products. As temperature sensors are integral components in various industries, including automotive, healthcare, and electronics, any interruption in the supply chain can result in production delays, increased costs, and a shortage of critical components.

Covid-19 Impact: 

The COVID-19 pandemic significantly impacted the market, causing disruptions in the global supply chain, manufacturing slowdowns, and project delays. The pandemic-induced economic uncertainties led to fluctuations in demand across industries. While the healthcare sector experienced increased demand for temperature monitoring devices, other sectors faced challenges due to lockdowns and restrictions. Despite short-term setbacks, the market demonstrated resilience, with a subsequent recovery driven by the renewed focus on healthcare infrastructure, the acceleration of digital transformation, and the growing importance of temperature sensing technologies in ensuring health and safety in various applications.

The contact temperature sensors segment is expected to be the largest during the forecast period

The contact temperature sensors segment is expected to have lucrative growth in the market. These sensors, including thermocouples and thermistors, offer accurate readings in various applications such as industrial processes, automotive systems, and medical devices. Known for their durability and versatility, contact temperature sensors play a vital role in monitoring and controlling temperature in real-time, ensuring the efficiency and reliability of processes across a wide range of industries.

The healthcare segment is expected to have the highest CAGR during the forecast period

The healthcare segment is anticipated to witness the fastest CAGR growth during the forecast period. Temperature sensors play a critical role in maintaining the integrity of pharmaceuticals, ensuring the accuracy of diagnostic equipment, and monitoring patient vital signs. With the increasing demand for advanced healthcare solutions, the temperature sensor market experiences growth as healthcare providers leverage these sensors to enhance patient care, improve operational efficiency, and meet stringent regulatory standards in medical applications.

Region with largest share:

During the forecast period, it is expected that the North American market will continue to hold a majority of the market share, driven by technological advancements and widespread adoption across diverse industries. The region witnesses substantial demand for temperature sensors in automotive applications, smart manufacturing, and healthcare. Additionally, the presence of key market players and a robust research and development ecosystem contribute to the continuous innovation and integration of temperature sensing technologies. The emphasis on energy efficiency, stringent regulatory standards, and the growing significance of IoT applications further solidify North America's position as a significant contributor to the global temperature sensor market.

Region with highest CAGR:

Asia Pacific is projected to have the highest CAGR over the forecast period driven by rapid industrialization and technological advancements. The region, led by countries such as China, Japan, and India, witnesses substantial demand for temperature sensors across diverse sectors including automotive, electronics, and manufacturing. The growing emphasis on smart infrastructure, coupled with increasing investments in industrial automation, creates a conducive environment for temperature sensor adoption. 

Key players in the market

Some of the key players in Temperature Sensor market include Amphenol, Dwyer Instruments, Emerson, Endress+Hauser Management AG, Honeywell International Inc., Kongsberg, Maxim Integrated, NXP Semiconductors, Pyromation, Siemens AG, STMicroelectronics, TE Connectivity Ltd., Texas Instruments Incorporated and WIKA Instruments.

Key Developments:

In February 2023, Micro Crystal introduced the RV-3032-C7 temperature sensor module suitable for applications that require continuous temperature monitoring, limits crossing detection, and timekeeping functions, with compliance to strict clock accuracy over time.

In December 2022, OMEGA Engineering announced the launch of the latest version of its HANI Clamp-On Temperature Sensor: the HANI Clamp Sensor is explicitly designed for plastic pipe applications. The Sensor precisely measures the temperature of media inside a pipe in seconds without ever breaching the pipe.
 
In July 2022, Siemens launched the RDG200 thermostat series. It offers a model that is natively equipped with a CO2 sensor and control functions. They allow indoor air quality to be monitored and adjusted to always ensure a healthy and productive indoor air climate for people in the building.

In June 2022, Sensirionlaunched its fourth-generation temperature sensor series: the STS4x. The digital sensor offers highly accurate measurements and offers industry-leading lead times. It is also available in different accuracy classes and is currently represented by the STS40. It offers features such as enhanced signal processing, three distinctive I2C addresses and communication speeds of up to 1 MHz. 

Product Types Covered:
• Contact Temperature Sensors
• Non Contact Temperature Sensors

Metal Types Covered:
• Platinum
• Nickel
• Copper
• Tungsten
• Silicon
• Other Metal Types

Outputs Covered:
• Digital
• Analog
 
Connectivities Covered:
• Wired
• Wireless

End Users Covered:
• Chemicals
• Oil & Gas
• Consumer Electronics
• Energy & Power
• Healthcare
• Automotive
• Metals & Mining
• Food & Beverages
• Pulp & Paper
• Aerospace & Defense
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan        
o China        
o India        
o Australia  
o New Zealand
o South Korea
o Rest of Asia Pacific    
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa 
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings: 
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary         
          
2 Preface         
 2.1 Abstract        
 2.2 Stake Holders        
 2.3 Research Scope        
 2.4 Research Methodology        
  2.4.1 Data Mining       
  2.4.2 Data Analysis       
  2.4.3 Data Validation       
  2.4.4 Research Approach       
 2.5 Research Sources        
  2.5.1 Primary Research Sources       
  2.5.2 Secondary Research Sources       
  2.5.3 Assumptions       
          
3 Market Trend Analysis         
 3.1 Introduction        
 3.2 Drivers        
 3.3 Restraints        
 3.4 Opportunities        
 3.5 Threats        
 3.6 Product Analysis        
 3.7 End User Analysis        
 3.8 Emerging Markets        
 3.9 Impact of Covid-19        
          
4 Porters Five Force Analysis         
 4.1 Bargaining power of suppliers        
 4.2 Bargaining power of buyers        
 4.3 Threat of substitutes        
 4.4 Threat of new entrants        
 4.5 Competitive rivalry        
          
5 Global Temperature Sensor Market, By Product Type         
 5.1 Introduction        
 5.2 Contact Temperature Sensors        
  5.2.1 Thermocouples       
  5.2.2 Resistive Temperature Detectors       
  5.2.3 Thermistors       
  5.2.4 Temperature Sensor ICs       
  5.2.5 Bimetallic Temperature Sensors       
 5.3 Non Contact Temperature Sensors        
  5.3.1 Infrared Temperature Sensors       
  5.3.2 Fiber Optic Temperature Sensors       
          
6 Global Temperature Sensor Market, By Metal Type         
 6.1 Introduction        
 6.2 Platinum        
 6.3 Nickel        
 6.4 Copper        
 6.5 Tungsten        
 6.6 Silicon        
 6.7 Other Metal Types        
          
7 Global Temperature Sensor Market, By Output         
 7.1 Introduction        
 7.2 Digital        
  7.2.1 Single-Channel       
  7.2.2 Multi-Channel       
 7.3 Analog        
          
8 Global Temperature Sensor Market, By Connectivity         
 8.1 Introduction        
 8.2 Wired        
 8.3 Wireless        
          
9 Global Temperature Sensor Market, By End User         
 9.1 Introduction        
 9.2 Chemicals        
 9.3 Oil & Gas        
 9.4 Consumer Electronics        
 9.5 Energy & Power        
 9.6 Healthcare        
 9.7 Automotive        
 9.8 Metals & Mining        
 9.9 Food & Beverages        
 9.10 Pulp & Paper        
 9.11 Aerospace & Defense        
 9.12 Other End Users        
          
10 Global Temperature Sensor Market, By Geography         
 10.1 Introduction        
 10.2 North America        
  10.2.1 US       
  10.2.2 Canada       
  10.2.3 Mexico       
 10.3 Europe        
  10.3.1 Germany       
  10.3.2 UK       
  10.3.3 Italy       
  10.3.4 France       
  10.3.5 Spain       
  10.3.6 Rest of Europe       
 10.4 Asia Pacific        
  10.4.1 Japan       
  10.4.2 China       
  10.4.3 India       
  10.4.4 Australia       
  10.4.5 New Zealand       
  10.4.6 South Korea       
  10.4.7 Rest of Asia Pacific       
 10.5 South America        
  10.5.1 Argentina       
  10.5.2 Brazil       
  10.5.3 Chile       
  10.5.4 Rest of South America       
 10.6 Middle East & Africa        
  10.6.1 Saudi Arabia       
  10.6.2 UAE       
  10.6.3 Qatar       
  10.6.4 South Africa       
  10.6.5 Rest of Middle East & Africa       
          
11 Key Developments         
 11.1 Agreements, Partnerships, Collaborations and Joint Ventures        
 11.2 Acquisitions & Mergers        
 11.3 New Product Launch        
 11.4 Expansions        
 11.5 Other Key Strategies        
          
12 Company Profiling         
 12.1 Amphenol        
 12.2 Dwyer Instruments          
 12.3 Emerson        
 12.4 Endress+Hauser Management AG        
 12.5 Honeywell International Inc.        
 12.6 Kongsberg        
 12.7 Maxim Integrated        
 12.8 NXP Semiconductors        
 12.9 Pyromation        
 12.10 Siemens AG        
 12.11 STMicroelectronics        
 12.12 TE Connectivity Ltd.        
 12.13 Texas Instruments Incorporated        
 12.14 WIKA Instruments        
          
List of Tables          
1 Global Temperature Sensor Market Outlook, By Region (2021-2030) ($MN)         
2 Global Temperature Sensor Market Outlook, By Product Type (2021-2030) ($MN)         
3 Global Temperature Sensor Market Outlook, By Contact Temperature Sensors (2021-2030) ($MN)         
4 Global Temperature Sensor Market Outlook, By Thermocouples (2021-2030) ($MN)         
5 Global Temperature Sensor Market Outlook, By Resistive Temperature Detectors (2021-2030) ($MN)         
6 Global Temperature Sensor Market Outlook, By Thermistors (2021-2030) ($MN)         
7 Global Temperature Sensor Market Outlook, By Temperature Sensor ICs (2021-2030) ($MN)         
8 Global Temperature Sensor Market Outlook, By Bimetallic Temperature Sensors (2021-2030) ($MN)         
9 Global Temperature Sensor Market Outlook, By Non Contact Temperature Sensors (2021-2030) ($MN)         
10 Global Temperature Sensor Market Outlook, By Infrared Temperature Sensors (2021-2030) ($MN)         
11 Global Temperature Sensor Market Outlook, By Fiber Optic Temperature Sensors (2021-2030) ($MN)         
12 Global Temperature Sensor Market Outlook, By Metal Type (2021-2030) ($MN)         
13 Global Temperature Sensor Market Outlook, By Platinum (2021-2030) ($MN)         
14 Global Temperature Sensor Market Outlook, By Nickel (2021-2030) ($MN)         
15 Global Temperature Sensor Market Outlook, By Copper (2021-2030) ($MN)         
16 Global Temperature Sensor Market Outlook, By Tungsten (2021-2030) ($MN)         
17 Global Temperature Sensor Market Outlook, By Silicon (2021-2030) ($MN)         
18 Global Temperature Sensor Market Outlook, By Other Metal Types (2021-2030) ($MN)         
19 Global Temperature Sensor Market Outlook, By Output (2021-2030) ($MN)         
20 Global Temperature Sensor Market Outlook, By Digital (2021-2030) ($MN)         
21 Global Temperature Sensor Market Outlook, By Single-Channel (2021-2030) ($MN)         
22 Global Temperature Sensor Market Outlook, By Multi-Channel (2021-2030) ($MN)         
23 Global Temperature Sensor Market Outlook, By Analog (2021-2030) ($MN)         
24 Global Temperature Sensor Market Outlook, By Connectivity (2021-2030) ($MN)         
25 Global Temperature Sensor Market Outlook, By Wired (2021-2030) ($MN)         
26 Global Temperature Sensor Market Outlook, By Wireless (2021-2030) ($MN)         
27 Global Temperature Sensor Market Outlook, By End User (2021-2030) ($MN)         
28 Global Temperature Sensor Market Outlook, By Chemicals (2021-2030) ($MN)         
29 Global Temperature Sensor Market Outlook, By Oil & Gas (2021-2030) ($MN)         
30 Global Temperature Sensor Market Outlook, By Consumer Electronics (2021-2030) ($MN)         
31 Global Temperature Sensor Market Outlook, By Energy & Power (2021-2030) ($MN)         
32 Global Temperature Sensor Market Outlook, By Healthcare (2021-2030) ($MN)         
33 Global Temperature Sensor Market Outlook, By Automotive (2021-2030) ($MN)         
34 Global Temperature Sensor Market Outlook, By Metals & Mining (2021-2030) ($MN)         
35 Global Temperature Sensor Market Outlook, By Food & Beverages (2021-2030) ($MN)         
36 Global Temperature Sensor Market Outlook, By Pulp & Paper (2021-2030) ($MN)         
37 Global Temperature Sensor Market Outlook, By Aerospace & Defense (2021-2030) ($MN)         
38 Global Temperature Sensor Market Outlook, By Other End Users (2021-2030) ($MN)         

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above. 

List of Figures

RESEARCH METHODOLOGY


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.


Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.


For more details about research methodology, kindly write to us at info@strategymrc.com

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