Temperature Sensor Market Analysis 2030 - Trends and Growth

Temperature Sensor Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type (Thermocouple, Resistance Temperature Detectors (RTDs), Thermistor, Infrared, and Others), Connectivity (Wired and Wireless), and End User (Semiconductor Manufacturing, Healthcare and Pharma, Food and Beverages, Data Center, Aerospace, Energy and Utilities, and Others)

  • Report Code : TIPRE00003152
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 268
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Temperature Sensor Market Analysis 2030 - Trends and Growth

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[Research Report] The temperature sensor market size was valued at US$ 6.01 billion in 2022 and is expected to reach US$ 9.66 billion by 2030; it is estimated to record a CAGR of 6.3% from 2023 to 2030.

Analyst Perspective:

Growing demand for temperature sensing technologies among manufacturers across the globe is expected to boost the temperature sensor market during the forecast period. Temperature sensing technologies are widely integrated into consumer electronics, automotive, communications, industrial, and enterprise sectors. The growth in the number of data center construction activities, increasing renewable energy and smart city projects, and significant government initiatives are propelling the temperature sensor market. A rise in demand for temperature sensors in sectors such as semiconductor manufacturing, aerospace, healthcare & pharmaceuticals, food & beverages, energy & utilities, and data centers contributes significantly to the overall temperature sensor market.

Rapid urbanization and rise in the global population drive the semiconductor manufacturing, consumer electronics, and automotive sectors. The expansion of the consumer electronics industry, coupled with the rising demand for smartphones, tablets, laptops, smartwatches, and desktop computers, contributes significantly to the expansion of the temperature sensor market. Consumers are highly concerned about maintaining the device temperature and protecting their device from overheating, which reflects a high demand for temperature sensor features integrated into smartphones, smartwatches, tablets, laptops, and other consumer electronic devices. Thermocouple temperature sensors are highly integrated into smartphones and tablets to prevent overheating. Moreover, the miniaturization of temperature sensors is expected to bring new temperature sensor market trends in the coming years.

Temperature Sensor Market Overview:

A temperature sensor is a device used to measure and detect liquid temperature, air temperature, or the temperature of solid matter. Temperature sensors measure the hotness and coolness of an object and significantly convert it into an electrical signal that a computer or other monitoring device can read. A variety of temperature sensors, such as thermocouples, thermistors, resistance temperature detectors, and infrared, are available in the market. They use different principles and technologies to measure different temperatures. Several products used by consumers heavily rely on temperature sensors. Consumer electronics devices such as refrigerators, microwaves, thermostats, and ovens depend on temperature control and maintenance to function properly.

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Temperature Sensor Market: Strategic Insights

Temperature Sensor Market

  • CAGR (2022 - 2030)
    6.3%
  • Market Size 2022
    US$ 6.01 Billion
  • Market Size 2030
    US$ 9.66 Billion

Market Dynamics

GROWTH DRIVERS
  • Growing Adoption Across Industries
  • Increasing Number of Data Centers
  • Strategic Initiatives by Government
FUTURE TRENDS
  • Miniaturization of Temperature Sensors
OPPORTUNITIES
  • Evolution of Industry 4.0
  • Rising Demand for Wireless Temperature Sensors

Key Players

  • Texas Instruments Inc
  • Siemens AG
  • TE Connectivity Ltd
  • Amphenol Corp
  • Analog Devices Inc
  • Emerson Electric Co
  • Microchip Technology Inc
  • Panasonic Holdings Corp
  • Honeywell International Inc

Regional Overview

  • North America
  • Europe
  • Asia-Pacific
  • South and Central America
  • Middle East and Africa

Market Segmentation

Type
  • Thermocouple
  • Resistance Temperature Detectors
Connectivity
  • Wired and Wireless
End User
  • Semiconductor Manufacturing
  • Healthcare and Pharma
  • Food and Beverages
  • Data Center
  • Aerospace
  • Energy and Utilities
  • Others
  • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

Temperature Sensor Market Driver:

Growing Adoption Across Various Industries Drives Temperature Sensor Market

Temperature sensors are used for various purposes across sectors such as semiconductor manufacturing, aerospace, healthcare & pharma, food & beverage, energy & utilities, and data centers for accurately and efficiently monitoring the temperatures of a particular object or environment. These sensors are used for calculating the temperature of a certain object or environment. Below mentioned are the uses and benefits provided by temperature sensors in numerous industries.

  • Semiconductor Manufacturing – Temperature sensors are usually incorporated into integrated circuits (ICs), including microprocessors and microcontrollers. These ICs are widely used to manufacture laptops, tablets, desktop computers, mobile telephones, and other electronic devices. Growing demand for high-performance microprocessors and microcontrollers among electronics manufacturers is driving the market. For instance, in December 2023, Microchip Technology Inc. launched the AVR EB Family of Microcontrollers (AVR EB MCUs), used to manufacture laptops, desktop computers, and other electronic devices. AVR EB MCUs are used to reduce noise, vibration, and system harness by adjusting timing, speed, and waveform shape in the semiconductor manufacturing process.
  • Aerospace – Temperature sensors are essential for the aerospace industry for measuring the degree of hydraulic oils, fuel, and coolants. Resistance temperature detectors (RTD) and thermocouples are the two most common temperature sensors that can withstand extreme high-heat environments and are used to measure overeating of engines accurately. Companies such as Fluid Components LLC, Temp-Pro Inc., and AMETEK Inc. are engaged in developing high-performance temperature sensors for the aerospace industry.
  • Healthcare & Pharma – Healthcare & pharma industries are increasingly using temperature sensors integrated within the machines and devices. Temperature sensors, such as thermistors, thermocouples, magnetic resonance imaging (MRI) equipment, resistance temperature detectors (RTDs), and portable ultrasound scanners, are used to perform a range of medical procedures and monitor patients. For instance, temperature sensors support thermometers in the quick and accurate measurement of a patient's health. They provide real-time data to medical staff to offer higher standards of service to patients. For instance, in September 2023, TriMedika Ltd launched TRITEMP non-contact thermometer for monitoring patient's foreheads. TRITEMP is integrated with an infrared sensor that detects infrared radiation emitted by a patient's forehead and converts it into an accurate reading for healthcare providers. Moreover, TRITEMP is a highly portable and versatile device that can be used in numerous healthcare settings, including hospitals, clinics, and home care.

Other industries such as food & beverages, energy & utilities, data centers, oil & gas, mining, and automotive are also increasingly adopting temperature sensors for measuring the temperature of engines and machines. The growing use of temperature sensors helps industries measure temperature by tracking activities, which, in turn is favoring the temperature sensor market growth.

Temperature Sensor Market Report Segmentation and Scope:

The temperature sensor market is segmented on the basis of type, connectivity, end users, and geography. Based on type, the market is segmented into thermocouples, thermistors, resistance temperature detectors, infrared, and others. Based on connectivity, the market is bifurcated into wired and wireless. Based on end user, the market is segmented into semiconductor manufacturing, aerospace, healthcare & pharma, food & beverages, energy & utility, data centers, and others. The scope of the temperature sensor market report is primarily segmented into North America (the US, Canada, and Mexico), Europe (Russia, Germany, France, Italy, and the Rest of Europe), Asia Pacific (South Korea, China, India, Japan, Australia, and the Rest of Asia Pacific), Middle East & Africa (South Africa, Saudi Arabia, the UAE, and the Rest of Middle East & Africa), and South & Central America (Brazil, Argentina, and the Rest of South & Central America).

Temperature Sensor Market Segmental Analysis:

Based on connectivity, the market is bifurcated into wired and wireless. The wired segment held a larger temperature sensor market share in 2022. Wired temperature sensors are devices that measure temperature and transmit the data using physical wires or cables. The most significant benefit of wired sensors is the stability of the connection. Wired connections do not suffer from data loss from signal strength issues. A wired connection also helps to reduce interference from outside sources that can have an impact on wireless signals. The constant and stable connection from wired sensors provides the most accurate, real-time results possible. Wired temperature sensors are more reliable and durable than their wireless counterparts, making them well-suited for applications that need consistent readings in challenging environments. In industrial processes, a wired thermocouple is used to measure the temperature of molten metal in a manufacturing setting. Industries such as semiconductor manufacturing, aerospace & defense, food & beverages, energy & utility, pharmaceutical, HVAC, chemical & petrochemical, agriculture, and automotive are majorly using wired temperature sensors for seamlessly managing their business operations.

Temperature Sensor Market Regional Analysis:

In terms of revenue, Asia Pacific dominated the temperature sensor market share. Asia Pacific is emerging as a key region in healthcare and pharma, attracting significant investments. According to MJH Life Sciences, China, Japan, and India are the largest healthcare and pharma markets in the region. China's healthcare industry is experiencing rapid growth, driven by rising incomes, increasing health awareness, and an aging population. It is also a priority sector for the Chinese Government to address healthcare gaps and meet rising demand. Chinese firms are taking several initiatives to adopt temperature sensors for the healthcare industry. For instance, in January 2020, the Shanghai Public Health Clinical Center (SPHCC) used VivaLNK's continuous temperature sensor to monitor COVID-19 patients.

Moreover, China's healthcare sector generated 10 trillion yuan in 2021. The Healthy China 2030 initiative has also precipitated an increase in demand for new technology to optimize healthcare delivery systems, including digitalization. Such growth in the healthcare and pharma sector in major markets of Asia Pacific will drive the temperature sensor market growth in the region.

Key Player Analysis:

Texas Instruments Inc, Siemens AG, TE Connectivity Ltd, Amphenol Corp, Analog Devices Inc, Emerson Electric Co, Microchip Technology Inc, Panasonic Holdings Corp, Honeywell International Inc, and NXP Semiconductors NV are among the key players profiled in the temperature sensor market. Several other major market players were studied and analyzed during this market research study to get a holistic view of the market and its ecosystem. The temperature sensor market analysis provides detailed market insights, which help the key players strategize their growth.

 

Temperature Sensor Market Report Scope

Report Attribute Details
Market size in 2022 US$ 6.01 Billion
Market Size by 2030 US$ 9.66 Billion
Global CAGR (2022 - 2030) 6.3%
Historical Data 2020-2021
Forecast period 2023-2030
Segments Covered By Type
  • Thermocouple
  • Resistance Temperature Detectors
By Connectivity
  • Wired and Wireless
By End User
  • Semiconductor Manufacturing
  • Healthcare and Pharma
  • Food and Beverages
  • Data Center
  • Aerospace
  • Energy and Utilities
  • Others
Regions and Countries Covered North America
  • US
  • Canada
  • Mexico
Europe
  • UK
  • Germany
  • France
  • Russia
  • Italy
  • Rest of Europe
Asia-Pacific
  • China
  • India
  • Japan
  • Australia
  • Rest of Asia-Pacific
South and Central America
  • Brazil
  • Argentina
  • Rest of South and Central America
Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of Middle East and Africa
Market leaders and key company profiles
  • Texas Instruments Inc
  • Siemens AG
  • TE Connectivity Ltd
  • Amphenol Corp
  • Analog Devices Inc
  • Emerson Electric Co
  • Microchip Technology Inc
  • Panasonic Holdings Corp
  • Honeywell International Inc
    • Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.

     

    Temperature Sensor Market Recent Developments:

    The temperature sensor market forecast can help stakeholders plan their growth strategies. Inorganic and organic strategies such as mergers and acquisitions are highly adopted by companies in the market. A few recent key market developments are listed below:

    • In January 2024, Microchip Technology Inc launched the MCP998x family of 10 automotive-qualified remote temperature sensors. Designed for 1°C accuracy at a wide operational temperature range, the MCP998x family is one of the largest portfolios of automotive-grade multi-channel temperature sensors in the industry. It includes five sensors with shutdown temperature setpoints that are designed not to be overwritten by software or maliciously disabled.
    • In January 2023, TDK Corp introduced the TDK i3 Micro Module, the first module with edge AI and wireless mesh connectivity. It is developed in collaboration with Texas Instruments. It integrates TI SimpleLink, Arm Cortex-M4F MCU, SmartIndustrial MEMS accelerometer, and mesh network functionality. This module simplifies deployment and sensor data gathering.
    Report Coverage
    Report Coverage

    Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

    Segment Covered
    Segment Covered

    Type, Connectivity, and End User

    Regional Scope
    Regional Scope

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

    Country Scope
    Country Scope

    This text is related
    to country scope.

    Frequently Asked Questions


    Which is the leading type segment in the temperature sensor market?

    Thermocouple segment is expected to hold a major market share of temperature sensor market in 2022

    What will be the global market size of temperature sensor market by 2030?

    The global market size of temperature sensor market by 2030 will be around US$ 9.66 billion

    Which are the key players holding the major market share of temperature sensor market?

    Siemens AG, Honeywell International Inc, NXP Semiconductors NV, Amphenol Corp, and ABB Ltd, are the key market players expected to hold a major market share of temperature sensor market in 2022

    What are the driving factors impacting the temperature sensor market?

    Increasing number of data centers and strategic initiatives by government are the major factors that propel the temperature sensor market.

    What is the future trend in the temperature sensor market?

    Rising demand for wireless temperature sensors are anticipated to play a significant role in the temperature sensor market in the coming years.

    What is the estimated global market size for the temperature sensor market in 2022?

    The estimated global market size for the temperature sensor market in 2022 is expected to be around US$ 6.01 billion

    Which is the fastest growing regional market?

    Asia Pacific is expected to register highest CAGR in the temperature sensor market during the forecast period (2022-2030)

    Which countries are registering a high growth rate during the forecast period?

    United States, China, and Germany are expected to register high growth rate during the forecast period

    The List of Companies - Temperature Sensor Market

    1. Texas Instruments Inc
    2. Siemens AG
    3. TE Connectivity Ltd
    4. Amphenol Corp 
    5. Analog Devices Inc 
    6. Emerson Electric Co
    7. Microchip Technology Inc 
    8. Panasonic Holdings Corp 
    9. Honeywell International Inc 
    10. NXP Semiconductors NV

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