All updated as on -
By 2030, the market for temperature sensors is anticipated to reach USD 10.67 billion, growing at a 5.2% CAGR from 2022 to 2030.
An electrical device called a temperature sensor is made to measure and track temperature variations in a variety of applications. It is essential to sectors like transportation, healthcare, aircraft, and home automation. Commonly used principles for temperature sensors include resistance, voltage, thermocouples, and infrared radiation. They enable precise temperature monitoring and control because they can reliably detect and translate temperature changes into electrical impulses. Thermistors, thermocouples, resistance temperature detectors (RTDs), and digital temperature sensors are some of the numerous types of these sensors. They are used in environmental monitoring, industrial processes, food storage, and climate control systems.
This study classifies the temperature sensor market into numerous geographies and market categories, projects revenue growth, and examines trends in each submarket. The study examines the market for temperature sensors' major growth factors, prospects, and difficulties. The competitive landscape in the market has been depicted by including recent market developments and competitive tactics including growth, product launch and development, partnerships, mergers, and acquisitions.
Driving Factors
Several variables influence the global market for temperature sensors. One of the main factors is the rising need for temperature sensors across a range of sectors, including automotive, healthcare, and consumer electronics. To maintain security, dependability, and energy effectiveness in these businesses, precise temperature monitoring is essential. Additionally, the need for temperature sensors in smart home and industrial automation systems is being driven by the increased usage of IoT devices and automation technologies. The need for temperature sensors is also being driven by the growing focus on renewable energy sources and energy efficiency in manufacturing procedures. Additionally, the growing use of temperature sensors in medical devices and diagnostics is anticipated to fuel market expansion.
Restraining Factors
There are some obstacles to the expansion of the temperature sensor industry. The high expense of sophisticated temperature measuring devices is one key barrier. For certain businesses, the initial cost necessary to deploy temperature sensors, particularly in large-scale industrial applications, might be a barrier. Additionally, the cost is increased by the difficulty of calibrating and maintaining temperature sensors as well as by the requirement to integrate them into already-existing systems. The limited accuracy of some temperature sensor methods, which might not satisfy the exacting standards of some industries, such the medical and aerospace, is another constraint.
Report Coverage
Global Temperature Sensor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Temperature Sensor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Temperature Sensor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Temperature Sensor market players and analyses their core competencies in each global market sub-segments.
Key Points Covered in the Report
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Temperature Sensor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Temperature Sensor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ablic, Amphenol Advanced Sensors, Analog Devices, Inc., Osram AG, Dwyer Instruments, Emerson, Hans Turck, Honeywell International, IFM Electronic, Kongsberg Gruppen, Littelfuse, Inc., Microchip Technology Inc., Murata, NXP Semiconductors, Omega Engineering, On Semiconductor Corporation, Pyromation, Renesas Electronics, Rohm Co., Ltd, Sensata, STMicroelectronics N.V., TE Connectivity, Texas Instruments, Vishay Intertechnolog
Primary Target Market
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Temperature Sensor market based on the below-mentioned segments:
Global Temperature Sensor Market, By Product
Global Temperature Sensor market, By Output
Global Temperature Sensor Market, By Application
Global Temperature Sensor market, Regional Analysis
An electrical device called a temperature sensor is made to measure and track temperature variations in a variety of applications. It is essential to sectors like transportation, healthcare, aircraft, and home automation. Commonly used principles for temperature sensors include resistance, voltage, thermocouples, and infrared radiation. They enable precise temperature monitoring and control because they can reliably detect and translate temperature changes into electrical impulses. Thermistors, thermocouples, resistance temperature detectors (RTDs), and digital temperature sensors are some of the numerous types of these sensors. They are used in environmental monitoring, industrial processes, food storage, and climate control systems.
This study classifies the temperature sensor market into numerous geographies and market categories, projects revenue growth, and examines trends in each submarket. The study examines the market for temperature sensors' major growth factors, prospects, and difficulties. The competitive landscape in the market has been depicted by including recent market developments and competitive tactics including growth, product launch and development, partnerships, mergers, and acquisitions.
Driving Factors
Several variables influence the global market for temperature sensors. One of the main factors is the rising need for temperature sensors across a range of sectors, including automotive, healthcare, and consumer electronics. To maintain security, dependability, and energy effectiveness in these businesses, precise temperature monitoring is essential. Additionally, the need for temperature sensors in smart home and industrial automation systems is being driven by the increased usage of IoT devices and automation technologies. The need for temperature sensors is also being driven by the growing focus on renewable energy sources and energy efficiency in manufacturing procedures. Additionally, the growing use of temperature sensors in medical devices and diagnostics is anticipated to fuel market expansion.
Restraining Factors
There are some obstacles to the expansion of the temperature sensor industry. The high expense of sophisticated temperature measuring devices is one key barrier. For certain businesses, the initial cost necessary to deploy temperature sensors, particularly in large-scale industrial applications, might be a barrier. Additionally, the cost is increased by the difficulty of calibrating and maintaining temperature sensors as well as by the requirement to integrate them into already-existing systems. The limited accuracy of some temperature sensor methods, which might not satisfy the exacting standards of some industries, such the medical and aerospace, is another constraint.
Report Coverage
Global Temperature Sensor research report categorizes the market for global based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. Global Temperature Sensor report analyses the key growth drivers, opportunities, and challenges influencing the global market. Recent market developments and Temperature Sensor competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key Temperature Sensor market players and analyses their core competencies in each global market sub-segments.
| REPORT ATTRIBUTES | DETAILS |
|---|---|
| Study Period | 2017-2030 |
| Base Year | 2020 |
| Forecast Period | 2022-2030 |
| Historical Period | 2017-2019 |
| Unit | Value (USD Billion) |
| Key Companies Profiled | Ablic, Amphenol Advanced Sensors, Analog Devices, Inc., Osram AG, Dwyer Instruments, Emerson, Hans Turck, Honeywell International, IFM Electronic, Kongsberg Gruppen, Littelfuse, Inc., Microchip Technology Inc., Murata, NXP Semiconductors, Omega Engineering, On Semiconductor Corporation, Pyromation, Renesas Electronics, Rohm Co., Ltd, Sensata, STMicroelectronics N.V., TE Connectivity, Texas Instruments, Vishay Intertechnolog |
| Segments Covered | • By Product |
| Customization Scope | Free report customization (equivalent to up to 3 analyst working days) with purchase. Addition or alteration to country, regional & segment scope |
Key Points Covered in the Report
- Market Revenue of Temperature Sensor Market from 2021 to 2030.
- Market Forecast for Temperature Sensor Market from 2021 to 2030.
- Regional Market Share and Revenue from 2021 to 2030.
- Country Market share within region from 2021 to 2030.
- Key Type and Application Revenue and forecast.
- Company Market Share Analysis, Temperature Sensor competitive scenario, ranking, and detailed company
profiles. - Market driver, restraints, and detailed COVID-19 impact on Temperature Sensor
Market
Competitive Environment:
The research provides an accurate study of the major organisations and companies operating in the global Temperature Sensor market, along with a comparative evaluation based on their product portfolios, corporate summaries, geographic reach, business plans, Temperature Sensor market shares in specific segments, and SWOT analyses. A detailed analysis of the firms' recent news and developments, such as product development, inventions, joint ventures, partnerships, mergers and acquisitions, strategic alliances, and other activities, is also included in the study. This makes it possible to assess the level of market competition as a whole.
List of Major Market Participants
Ablic, Amphenol Advanced Sensors, Analog Devices, Inc., Osram AG, Dwyer Instruments, Emerson, Hans Turck, Honeywell International, IFM Electronic, Kongsberg Gruppen, Littelfuse, Inc., Microchip Technology Inc., Murata, NXP Semiconductors, Omega Engineering, On Semiconductor Corporation, Pyromation, Renesas Electronics, Rohm Co., Ltd, Sensata, STMicroelectronics N.V., TE Connectivity, Texas Instruments, Vishay Intertechnolog
Primary Target Market
- Market Players of Temperature Sensor
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Third-party knowledge providers
- Value-Added Resellers (VARs)
Market Segment:
This study forecasts global, regional, and country revenue from 2019 to 2030. Spherical Insights has segmented the global Temperature Sensor market based on the below-mentioned segments:
Global Temperature Sensor Market, By Product
- Contact
- Non-Contact
Global Temperature Sensor market, By Output
- Analog
- Digital
Global Temperature Sensor Market, By Application
- Chemical
- Oil & Gas
- Consumer Electronics
- Healthcare
- Automotive
Global Temperature Sensor market, Regional Analysis
- Europe: Germany, Uk, France, Italy, Spain, Russia, Rest of Europe
- The Asia Pacific: China,Japan,India,South Korea,Australia,Rest of Asia Pacific
- South America: Brazil, Argentina, Rest of South America
- Middle East & Africa: UAE, Saudi Arabia, Qatar, South Africa, Rest of Middle East & Africa
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