China Taiwan Crises
Temperature Sensor Market

Temperature Sensor Market Size, Share & Segment By Product Type (Contact Temperature Sensors, Non-Contact Temperature Sensors), By Output (Analog, Digital), By Connectivity (Wireless, Wired), By Industry Vertical (Healthcare, Consumer Electronics, Chemicals, Advanced Fuel, Aerospace & Defense, Oil & Gas, Energy & Power, Metals & Mining, Food & Beverages, Pulp & Paper, Automotive, Others), By Regions And Global Forecast 2022-2028

Report Id: SNS/SEMI/2659 | July 2022 | Region: Global | 126 Pages

Report Scope & Overview:

The Temperature Sensor Market Size was valued at USD 6.1 billion in 2021, and is expected to reach USD 8.1 billion by 2028, and grow at a CAGR of 4.2% over the forecast period 2022-2028.

Temperature sensor is an electrical device, which measures temperature by an electrical signal. Temperature is a term used to describe the degree or heat capacity present in an object. These sensors can be used on a variety of systems to measure emissions and alert the end user. The temperature sensor finds its wide range of applications in several industries such as the electronics, automotive, and manufacturing industries. These sensors come in a variety of forms, with their own unique system for instance, an integrated temperature sensor (IC) is used in electrical systems to detect emissions and to initiate a cooling device.

Temperature Sensor Market Revenue Graph

MARKET DYNAMICS:

KEY DRIVERS:

  • Temperature sensors being used in space applications.

  • Rapid manufacturing automation and industry 4.0.

  • Increasing need for temperature sensors in the automobile industry.

RESTRAINTS:

  • Advanced sensors come with a high initial investment cost.

OPPORTUNITIES:

  • Government funding & support for IoT projects that need temperature sensors.

  • Increasing use of temperature control devices for managing food safety.

CHALLENGES: 

  • Price reductions that never stop and fierce manufacturing competition.

  • High performance standards for advanced applications.

IMPACT OF COVID-19: 

An outbreak of coronavirus is causing a worldwide havoc. Businesses and the workforce have to contend with major financial problems during the crisis. The global economy has refused to lower rates and will need many years to regain normal growth rates. The world is badly affected by the COVID19 epidemic in the financial and healthcare sectors. Due to the lockdown, the industrial and production work units were closed for an indefinite period which disrupted the entire supply chain. However, the global temperature sensor market has continued even in these difficult times and continues to grow. The increase in the acceptance of temperature sensors in several sectors has increased the demand for the temperature sensor market in this epidemic. As the temperature sensor industry offers a wide range of temperature adjustments that meet the needs of different sectors, it is boosting the market share of the temperature sensor. The steady increase in the implementation of temperature sensors will signal the growth of the temperature sensor market at the top for many years to come.

Based on Product Type, the temperature sensor market is segmented into Contact Temperature Sensors and Non-contact Temperature Sensors.

The non-contact temperature sensor is expected to register higher than half of the contact temperature sensor from 2022 to 2028, due to their volume measurement of higher body temperature or the object to be identified without physical contact between sensor and the measurement. These temperature sensors are widely used for small moving and inaccessible objects.

Based on Industry vertical, the temperature sensor market is segmented into Healthcare, Consumer Electronics, Chemicals, Advanced Fuel, Aerospace & Defense, Oil & Gas, Energy & Power, Metals & Mining, Food & Beverages, Pulp & Paper, Automotive and Others.

The consumer electronics segment is expected to register a highest CAGR during the forecast period. This segment is likely to continue to hold the largest market share during forecasting due to the growing acceptance of temperature sensors in consumer electronics, including smartphones, PCs, laptops, tablets, and other smart home appliances. More recently, a few new devices have also been added under this segment.

COMPETITIVE LANDSCAPE:

The key players in the Temperature sensors market are STMicroelectronics, Honeywell International, Ultra Electronics Holdings, TE Connectivity, UTC Aerospace Systems, Analog Devices, Siemens, Maxim Integrated Products, Texas Instruments, ABB Limited and Emerson Electric Corporation.

MARKET SEGMENTS:

BY PRODUCT TYPE

  • Contact Temperature Sensors

  • Non-contact Temperature Sensors

BY OUTPUT

  • Analog

  • Digital

BY CONNECTIVITY

  • Wireless

  • Wired

BY INDUSTRY VERTICAL

  • Healthcare

  • Consumer Electronics

  • Chemicals

  • Advanced Fuel

  • Aerospace & Defense

  • Oil & Gas

  • Energy & Power

  • Metals & Mining

  • Food & Beverages

  • Pulp & Paper

  • Automotive

  • Others

Temperature Sensor Market Segment Pie Chart

REGIONAL ANALYSIS:

APAC had the largest share of the heat sensor market. China, India, South Korea, and Japan are the main contributors to the growth of the APAC temperature sensor market. The APAC heat sensor market is likely to be driven by automotive, pharmaceutical, and growing industries as well as the growing demand for temperature sensors from overseas markets in North America and Europe. However, the US, Canada, and Mexico are the main contributors to the growth of the temperature sensor market in North America. North America is one of the most advanced markets for temperature sensor technology due to the presence of outstanding system providers and major chemicals, oil and gas, health care, and food and beverage companies in the region.

REGIONAL COVERAGE:

  • North America

    • USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

 

Temperature Sensor Market Report Scope
Report Attributes Details
Market Size in 2021 US$ 6.1 Billion
Market Size by 2028 US$ 8.1 Billion
CAGR CAGR of 4.2% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Product Type (Contact Temperature Sensors, Non-Contact Temperature Sensors)
• By Output (Analog, Digital)
• By Connectivity (Wireless, Wired)
• By Industry Vertical (Healthcare, Consumer Electronics, Chemicals, Advanced Fuel, Aerospace & Defense, Oil & Gas, Energy & Power, Metals & Mining, Food & Beverages, Pulp & Paper, Automotive, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles STMicroelectronics, Honeywell International, Ultra Electronics Holdings, TE Connectivity, UTC Aerospace Systems, Analog Devices, Siemens, Maxim Integrated Products, Texas Instruments, ABB Limited and Emerson Electric Corporation.
Key Drivers • Temperature sensors being used in space applications.
• Rapid manufacturing automation and industry 4.0.
RESTRAINTS • Advanced sensors come with a high initial investment cost.


Frequently Asked Questions (FAQ) :

The Temperature Sensor Market size was valued at 6.1 billion in 2021 at a CAGR of 4.2%.

The market value is expected to reach USD 8.1 billion by 2028.

The market has been segmented with respect to product type, output, connectivity and industry vertical.

Top-down research, bottom-up research, qualitative research, quantitative research, and Fundamental research.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.


Table of Contents

 

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

 

2. Research Methodology

 

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

 

4. Impact Analysis

4.1 COVID 19 Impact Analysis

4.2 Impact of Ukraine-Russia War

 

5. Value Chain Analysis

 

6. Porter’s 5 forces model

 

7.  PEST Analysis

  

8. Temperature Sensor Market Segmentation, by product type

8.1Introduction

8.2 Contact Temperature Sensors

8.3 Non-contact Temperature Sensors

 

9. Temperature Sensor Market Segmentation, by output

9.1Introduction

9.2 Analog

9.3 Digital

 

10. Temperature Sensor Market Segmentation, by connectivity

10.1 Introduction

10.2 Wireless

10.3 Wired

 

11. Temperature Sensor Market Segmentation, by industry vertical

11.1 Introduction

11.2 Healthcare

11.3 Consumer Electronics

11.4 Chemicals

11.5 Advanced Fuel

11.6 Aerospace & Defense

11.7 Oil & Gas

11.8 Energy & Power

11.9 Metals & Mining

11.10 Food & Beverages

11.11 Pulp & Paper

11.12 Automotive

11.13 Others

 

12. Regional Analysis

12.1 Introduction

12.2 North America

12.2.1 USA

12.2.2 Canada

12.2.3 Mexico

12.3 Europe

12.3.1 Germany

12.3.2 UK

12.3.3 France

12.3.4 Italy

12.3.5 Spain

12.3.6 The Netherlands

12.3.7 Rest of Europe

12.4 Asia-Pacific

12.4.1 Japan

12.4.2 South Korea

12.4.3 China

12.4.4 India

12.4.5 Australia

12.4.6 Rest of Asia-Pacific

12.5 The Middle East & Africa

12.5.1 Israel

12.5.2 UAE

12.5.3 South Africa

12.5.4 Rest

12.6 Latin America

12.6.1 Brazil

12.6.2 Argentina

12.6.3 Rest of Latin America

 

13.Company Profiles

13.1 Texas Instruments

13.1.1 Financial

13.1.2 Products/ Services Offered

13.1.3 SWOT Analysis

13.1.4 The SNS view

13.2 STMicroelectronics

13.3 Honeywell International

13.4 Ultra Electronics Holdings

13.5 TE Connectivity

13.6 UTC Aerospace Systems

13.7 Analog Devices

13.8 Siemens

13.9 Maxim Integrated Products

13.10 ABB Limited

13.11 Emerson Electric Corporation

 

14.Competitive Landscape

14.1 Competitive Benchmark

14.2 Market Share analysis

14.3 Recent Developments

 

15.Conclusion

 

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of the good and accurate research report and selecting the best methodology to complete the research is the toughest part. Since the research reports, we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

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