Temperature Sensors Market Size, Share Analysis, Demand, Key Companies, and Forecast To 2032

 The global temperature sensors market size was USD 6.42 Billion in 2022 and is expected to register a steady revenue CAGR of 6.1% during the forecast period, according to latest analysis by Emergen Research. Rapid procurement of temperature sensors in various industrial temperature monitor and control applications is a major factor driving market revenue growth. Temperature sensor is a key industrial component for measuring, monitoring, and controlling temperature of industrial machinery and equipment, which can detect heat or cold and convert measurements into electrical signals. Temperature sensors are widely used in various industries across the world, including consumer electronics, Heating, Ventilation, and Air Conditioning (HVAC), and industrial machinery and equipment. In addition, increasing use of Industrial Internet of Things (IIoT) sensors and temperature sensors in consumer smart devices is another factor driving revenue growth of the market. Temperature measuring devices are increasingly offered by smart device manufacturers. For example, in February 2023, Apple Inc., a multinational technology corporation integrated temperature sensors in HomePod small and second generation HomePod devices. Several wearable device manufacturers are also incorporating temperature sensors in both wearable and wearable healthcare devices. However, high cost of sensor design and development is expansion major factor, which could restrain market revenue growth. Several complicated electronic architectures steps are involved in design and development phases of sensor manufacture. In addition, significant investments in technology and high precision machinery required to manufacture temperature sensors, is another factor, which could restrain revenue growth of the market.

The report covers historical revenue and sales volume, and the data is further validated to provide a forecast market estimation of the market size and sales numbers for key regions along with types and end-user applications. Moreover, the report also includes macroeconomic factors and regulatory policies pertaining to the Temperature Sensors industry for evaluation and predictive analysis. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario. 

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Competitive Outlook: The leading companies operating in the Temperature Sensors market have been enumerated in this report. This section of the report lays emphasis on the geographical reach and production facilities of these companies. To get ahead of their rivals, the leading players are focusing more on offering products at competitive prices, according to our analysts.

Top Companies Operating in the Temperature Sensors Market and Profiled in the Report are:

TE Connectivity Ltd., Texas Instruments Incorporated, Renesas Electronics Corporation, Emerson Electric Co., Schneider Electric, Hydac International GmbH, STMicroelectronics NV, NXP Semiconductors N.V., Amphenol Corporation, Honeywell International Inc., Rockwell Automation, Inc., Robert Bosch, Denso Corporation

Objectives of the Report:

Study of the global Temperature Sensors market size by key regions, types, and applications with reference to historical data (2017-2018) and forecast (2020-2027)

Industrial structure analysis of the Temperature Sensors market by identification of various sub-segments

Extensive analysis of key market players along with their SWOT analysis

Competitive landscape benchmarking

Analysis of Temperature Sensors market based on growth trends, futuristic outlook, and contribution to the total growth of the market

Analysis of drivers, constraints, opportunities, challenges, and risks in the global Temperature Sensors market

Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances

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Segments Covered in this report are:

 

  • Product Outlook (Revenue, USD Billion; 2019-2032)

    • Contact
      1. Resistance Temperature Detectors (RTDs)
      2. Liquid-in-glass Thermometers
      3. Bimetallic Thermometers
      4. Thermocouple
      5. Thermistors
    • Non-Contact
      1. Radiation Thermometers
    • Thermal Thermometers
      1. Fiber Optic Temperature Sensors

  • Output Outlook (Revenue, USD Billion; 2019-2032)

    • Analog
    • Digital

  • End-use Outlook (Revenue, USD Billion; 2019-2032)

    • Chemicals
    • Oil & Gas (O&G)
    • Aerospace and defense
    • Energy and power
    • Consumer electronics
    • Healthcare
    • Automotive
    • Others

Regional Segmentation:

North America (U.S., Canada)

Europe (U.K., Italy, Germany, France, Rest of EU)

Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

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About Emergen Research

 

Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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