Market Overview:
The global thermal sensor market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for thermal sensors in industrial, aerospace, and firefighting applications. Additionally, the growing demand for miniaturized and low-power thermal sensors is also contributing to the growth of this market. Thermocouples are expected to hold the largest share of the global thermal sensor market by type during the forecast period. This can be attributed to their wide range of applications and ability to detect minute temperature changes accurately.
Product Definition:
A thermal sensor is a device that measures the temperature of its surroundings. Thermal sensors are used in a variety of applications, including thermometers, climate control systems, and fire detectors.
Thermocouples:
Thermocouples are temperature sensors made from different materials and their properties are dependent on the temperature surroundings. They have wide applications in measuring heat flux, thermal radiation, phase change, fluid flow & pressure and many other areas. Thermocouples find its major application in industrial processes as they provide more accurate data than conventional devices such as resistance thermometers or liquid crystal thermometers (LCT).
Thermistors:
Thermistors are electronic devices that generate a small amount of heat when current is passed through them. They are most commonly used in temperature sensors, where they can be used to measure the temperature of an object without directly involving the heat from the object itself. Thermistors can also be used as switches, relays or as components in other electronic systems such as microcontrollers and computers.
The global thermal sensor market was valued at USD 12 billion in 2015.
Application Insights:
The industrial segment dominated the global thermal sensor market in terms of revenue share in 2017. The industrial application segment includes process, manufacturing, and energy sectors. Increasing demand for sensors from various industries including oil & gas, chemical, food processing and pulp & paper is expected to drive the overall market growth over the forecast period.
The aerospace sector is also anticipated to witness significant growth owing to increasing use of sensors for monitoring critical temperatures and pressures at different locations on an aircraft or spacecraft body. These factors are projected to contribute towards a lucrative industry future for GTS manufacturers across the globe during the forecast period from 2018 to 2030.
Regional Analysis:
The market in North America is expected to grow at a significant rate over the forecast period owing to the presence of major industry participants such as Honeywell International Inc. and Maxim Integrated Products Inc. The region accounted for more than 30% revenue share in 2017, which can be attributed to rising demand for thermal sensors from various end-use industries such as aerospace & defense, industrial, and others.
Asia Pacific is projected to emerge as the fastest-growing regional market during the forecast period due to increasing investments by governments of emerging economies aimed at developing manufacturing sectors with emphasis on R&D activities related thereto. This scenario will provide a boost across several application areas including industrial, firefighting & security sector among others. Moreover, growing awareness regarding environment protection along with rapid urbanization are some other factors driving regional growth over the next eight years.
Growth Factors:
- Increasing demand for thermal sensors in automotive sector
- Growing demand for thermal sensors from the industrial sector
- Rising adoption of thermal sensors in consumer electronics sector
- Proliferation of smart buildings and increasing demand for energy-efficient systems
- Growing awareness about the benefits of using thermal sensors
Scope Of The Report
Report Attributes
Report Details
Report Title
Thermal Sensor Market Research Report
By Type
Thermocouples, Thermistors, Others
By Application
Industrial, Aerospace, Firefighting, Others
By Companies
Excelitas Technologies Corp., System Sensor(Honeywell), Thermal Detection Ltd., LYNRED, Landsat, Limitor GmbH, NEW COSMOS ELECTRIC CO.,LTD, Heraeus Holding, Melexis, KOA Corporation, OMRON Corporation, KEMET Corporation, Anritsu, Schneider Electric, Panasonic
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Thermal Sensor Market Report Segments:
The global Thermal Sensor market is segmented on the basis of:
Types
Thermocouples, Thermistors, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Industrial, Aerospace, Firefighting, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Excelitas Technologies Corp.
- System Sensor(Honeywell)
- Thermal Detection Ltd.
- LYNRED
- Landsat
- Limitor GmbH
- NEW COSMOS ELECTRIC CO.,LTD
- Heraeus Holding
- Melexis
- KOA Corporation
- OMRON Corporation
- KEMET Corporation
- Anritsu
- Schneider Electric
- Panasonic
Highlights of The Thermal Sensor Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Thermocouples
- Thermistors
- Others
- By Application:
- Industrial
- Aerospace
- Firefighting
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Thermal Sensor Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
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- Correctly Positioning New Products
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A thermal sensor is a device that measures the temperature of an object. This can be done by measuring the amount of heat that is being radiated from the object, or by detecting changes in temperature caused by heat radiation. Thermal sensors are often used to measure the temperature of objects near or inside a computer system, for example.
Some of the key players operating in the thermal sensor market are Excelitas Technologies Corp., System Sensor(Honeywell), Thermal Detection Ltd., LYNRED, Landsat, Limitor GmbH, NEW COSMOS ELECTRIC CO.,LTD, Heraeus Holding, Melexis, KOA Corporation, OMRON Corporation, KEMET Corporation, Anritsu, Schneider Electric, Panasonic.
The thermal sensor market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Thermal Sensor Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Thermal Sensor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Thermal Sensor Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Thermal Sensor Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Thermal Sensor Market Size & Forecast, 2018-2028
4.5.1 Thermal Sensor Market Size and Y-o-Y Growth
4.5.2 Thermal Sensor Market Absolute $ Opportunity
Chapter 5 Global Thermal Sensor Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Thermal Sensor Market Size Forecast by Type
5.2.1 Thermocouples
5.2.2 Thermistors
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Thermal Sensor Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Thermal Sensor Market Size Forecast by Applications
6.2.1 Industrial
6.2.2 Aerospace
6.2.3 Firefighting
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Thermal Sensor Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Thermal Sensor Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Thermal Sensor Analysis and Forecast
9.1 Introduction
9.2 North America Thermal Sensor Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Thermal Sensor Market Size Forecast by Type
9.6.1 Thermocouples
9.6.2 Thermistors
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Thermal Sensor Market Size Forecast by Applications
9.10.1 Industrial
9.10.2 Aerospace
9.10.3 Firefighting
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Thermal Sensor Analysis and Forecast
10.1 Introduction
10.2 Europe Thermal Sensor Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Thermal Sensor Market Size Forecast by Type
10.6.1 Thermocouples
10.6.2 Thermistors
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Thermal Sensor Market Size Forecast by Applications
10.10.1 Industrial
10.10.2 Aerospace
10.10.3 Firefighting
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Thermal Sensor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Thermal Sensor Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Thermal Sensor Market Size Forecast by Type
11.6.1 Thermocouples
11.6.2 Thermistors
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Thermal Sensor Market Size Forecast by Applications
11.10.1 Industrial
11.10.2 Aerospace
11.10.3 Firefighting
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Thermal Sensor Analysis and Forecast
12.1 Introduction
12.2 Latin America Thermal Sensor Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Thermal Sensor Market Size Forecast by Type
12.6.1 Thermocouples
12.6.2 Thermistors
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Thermal Sensor Market Size Forecast by Applications
12.10.1 Industrial
12.10.2 Aerospace
12.10.3 Firefighting
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Thermal Sensor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Thermal Sensor Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Thermal Sensor Market Size Forecast by Type
13.6.1 Thermocouples
13.6.2 Thermistors
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Thermal Sensor Market Size Forecast by Applications
13.10.1 Industrial
13.10.2 Aerospace
13.10.3 Firefighting
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Thermal Sensor Market: Competitive Dashboard
14.2 Global Thermal Sensor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Excelitas Technologies Corp.
14.3.2 System Sensor(Honeywell)
14.3.3 Thermal Detection Ltd.
14.3.4 LYNRED
14.3.5 Landsat
14.3.6 Limitor GmbH
14.3.7 NEW COSMOS ELECTRIC CO.,LTD
14.3.8 Heraeus Holding
14.3.9 Melexis
14.3.10 KOA Corporation
14.3.11 OMRON Corporation
14.3.12 KEMET Corporation
14.3.13 Anritsu
14.3.14 Schneider Electric
14.3.15 Panasonic
