Market Overview:
The global temperature sensor market is expected to grow at a CAGR of 6.5% from 2018 to 2030. The growth in the market can be attributed to the increasing demand for temperature sensors in automotive, electronics, and manufacturing applications. Additionally, the growing demand for non-contact sensors is also contributing to the growth of this market. The thermistor segment is expected to dominate the global temperature sensor market during the forecast period owing to its low cost and high accuracy. The resistance temperature detector (RTD) segment is projected to grow at a higher CAGR than other segments during the forecast period as it offers better accuracy and stability as compared with other types of sensors. In terms of application, automotive accounted for majority share of the global Temperature Sensor Market in 2017 and is projected to maintain its dominance duringthe forecast period dueto increasing adoptionof advanced safety featuresin vehicles such as lane departure warning system (LDWS), forward collision warning system (FCWS), blind spot detection system (BSD), automatic emergency braking system(AEBS),and tire pressure monitoring systems(TPMS).
Product Definition:
A temperature sensor is a device used to measure the temperature of an object or environment. Temperature sensors are used in a wide range of applications, from consumer products to industrial and scientific instruments. The most common type of temperature sensor is the thermocouple, which generates an electric current in response to changes in temperature.
Thermistor:
A thermistor is a heat-sensitive device that changes its resistance value when the temperature changes. Thermistors are used in various applications such as temperature sensors, thermoelectric generators, and voltage regulators. The growth factor for the market is high demand from end-use industries such as automotive & transportation and medical equipment manufacturing which includes heart rate monitors, blood glucose sensors among others.
Resistance Temperature Detector (RTD):
Resistance temperature detector (RTD) is a type of sensor that converts thermal energy to electric energy. It's major applications are in thermometers and heaters. Thermometer uses include industrial, medical, food processing and packaging, automotive industries etc., whereas heaters use includes furnaces/boilers, kilns/ovens and other heating equipment.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. The increasing need for monitoring and controlling various engine functions such as temperature, pressure, and fuel level is driving the demand for automotive electronics. In addition, growing concerns regarding vehicle safety are propelling growth of this segment. Temperature sensors are used in automobile electronic control systems to monitor coolant temperature so that appropriate heat management strategies can be employed by ECUs during normal operation as well as during hard overheating or under cold starts. These factors are projected to drive global automotive electronics industry over the forecast period thereby benefitting market growth across regions.
Manufacturing accounted for a significant share on account of extensive usage of process controllers which require constant monitoring of process conditions such as temperature & pressure among others which drives their demand globally across all industries where manufacturing activities take place including aerospace & defense, oil & gas etcetera).
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 players such as Honeywell International Inc.; Maxim Integrated Products Inc.; and Johnson Controls, LLC. The region accounted for more than 30% revenue share in 2016 and is anticipated to reach around USD X billion by 2030.
The European temperature sensor market was valued at over USD X billion in 2016 and is estimated to grow significantly over the forecast period due to increasing demand from automotive manufacturers for advanced temperature sensors that can withstand high temperatures while maintaining accuracy. The growing electronics industry in Europe will drive product demand further, especially with rising applications such as medical devices, energy management systems, security systems used across various industries including manufacturing, oil & gas exploration/production (E&P), aerospace & defense (AD) among others to name a few are driving regional growth.
Growth Factors:
- Increasing demand from the automotive industry for temperature sensors in vehicles for efficient and accurate engine performance.
- Growing demand for thermal management systems in data centers, telecom, and other industries to maintain an optimum operating temperature.
- Proliferation of smart devices and the Internet of Things (IoT) is expected to drive the market growth as these devices require temperature sensors for effective functioning.
- Rising awareness about energy conservation is also propelling the market growth as temperature sensors help optimize energy consumption by regulating equipment temperatures accordingly.
Scope Of The Report
Report Attributes
Report Details
Report Title
Temperature Sensor Market Research Report
By Type
Thermistor, Resistance Temperature Detector (RTD), Thermocouple, Temperature Sensor IC, Non-Contact Sensors
By Application
Automotive, Electronics, Manufacturing, Aerospace & Defense, Oil & Gas, Healthcare, Marine
By Companies
Microchip Technology, NXP Semiconductors, Panasonic, Analog Devices, Maxim Integrated, ...
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
247
Number of Tables & Figures
173
Customization Available
Yes, the report can be customized as per your need.
Global Temperature Sensor Market Report Segments:
The global Temperature Sensor market is segmented on the basis of:
Types
Thermistor, Resistance Temperature Detector (RTD), Thermocouple, Temperature Sensor IC, Non-Contact Sensors
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
Automotive, Electronics, Manufacturing, Aerospace & Defense, Oil & Gas, Healthcare, Marine
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:
- Microchip Technology
- NXP Semiconductors
- Panasonic
- Analog Devices
- Maxim Integrated
- ...
Highlights of The Temperature 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:
- Thermistor
- Resistance Temperature Detector (RTD)
- Thermocouple
- Temperature Sensor IC
- Non-Contact Sensors
- By Application:
- Automotive
- Electronics
- Manufacturing
- Aerospace & Defense
- Oil & Gas
- Healthcare
- Marine
- 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 Temperature 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.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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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 temperature 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 measuring how much heat has been absorbed by the object.
Some of the major players in the temperature sensor market are Microchip Technology, NXP Semiconductors, Panasonic, Analog Devices, Maxim Integrated.
The temperature sensor market is expected to register a CAGR of 6.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Temperature Sensor Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Temperature Sensor Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Temperature Sensor Market - Supply Chain
4.5. Global Temperature Sensor Market Forecast
4.5.1. Temperature Sensor Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Temperature Sensor Market Size (000 Units) and Y-o-Y Growth
4.5.3. Temperature Sensor Market Absolute $ Opportunity
5. Global Temperature Sensor Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Temperature Sensor Market Size and Volume Forecast by Type
5.3.1. Thermistor
5.3.2. Resistance Temperature Detector (RTD)
5.3.3. Thermocouple
5.3.4. Temperature Sensor IC
5.3.5. Non-Contact Sensors
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Temperature Sensor Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Temperature Sensor Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Electronics
6.3.3. Manufacturing
6.3.4. Aerospace & Defense
6.3.5. Oil & Gas
6.3.6. Healthcare
6.3.7. Marine
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Temperature Sensor Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Temperature Sensor Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Temperature Sensor Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Temperature Sensor Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Temperature Sensor Demand Share Forecast, 2019-2029
9. North America Temperature Sensor Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Temperature Sensor Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Temperature Sensor Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Electronics
9.4.3. Manufacturing
9.4.4. Aerospace & Defense
9.4.5. Oil & Gas
9.4.6. Healthcare
9.4.7. Marine
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Temperature Sensor Market Size and Volume Forecast by Type
9.7.1. Thermistor
9.7.2. Resistance Temperature Detector (RTD)
9.7.3. Thermocouple
9.7.4. Temperature Sensor IC
9.7.5. Non-Contact Sensors
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Temperature Sensor Demand Share Forecast, 2019-2029
10. Latin America Temperature Sensor Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Temperature Sensor Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Temperature Sensor Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Electronics
10.4.3. Manufacturing
10.4.4. Aerospace & Defense
10.4.5. Oil & Gas
10.4.6. Healthcare
10.4.7. Marine
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Temperature Sensor Market Size and Volume Forecast by Type
10.7.1. Thermistor
10.7.2. Resistance Temperature Detector (RTD)
10.7.3. Thermocouple
10.7.4. Temperature Sensor IC
10.7.5. Non-Contact Sensors
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Temperature Sensor Demand Share Forecast, 2019-2029
11. Europe Temperature Sensor Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Temperature Sensor Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Temperature Sensor Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Electronics
11.4.3. Manufacturing
11.4.4. Aerospace & Defense
11.4.5. Oil & Gas
11.4.6. Healthcare
11.4.7. Marine
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Temperature Sensor Market Size and Volume Forecast by Type
11.7.1. Thermistor
11.7.2. Resistance Temperature Detector (RTD)
11.7.3. Thermocouple
11.7.4. Temperature Sensor IC
11.7.5. Non-Contact Sensors
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Temperature Sensor Demand Share, 2019-2029
12. Asia Pacific Temperature Sensor Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Temperature Sensor Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Temperature Sensor Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Electronics
12.4.3. Manufacturing
12.4.4. Aerospace & Defense
12.4.5. Oil & Gas
12.4.6. Healthcare
12.4.7. Marine
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Temperature Sensor Market Size and Volume Forecast by Type
12.7.1. Thermistor
12.7.2. Resistance Temperature Detector (RTD)
12.7.3. Thermocouple
12.7.4. Temperature Sensor IC
12.7.5. Non-Contact Sensors
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Temperature Sensor Demand Share, 2019-2029
13. Middle East & Africa Temperature Sensor Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Temperature Sensor Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Temperature Sensor Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Electronics
13.4.3. Manufacturing
13.4.4. Aerospace & Defense
13.4.5. Oil & Gas
13.4.6. Healthcare
13.4.7. Marine
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Temperature Sensor Market Size and Volume Forecast by Type
13.7.1. Thermistor
13.7.2. Resistance Temperature Detector (RTD)
13.7.3. Thermocouple
13.7.4. Temperature Sensor IC
13.7.5. Non-Contact Sensors
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Temperature Sensor Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Temperature Sensor Market: Market Share Analysis
14.2. Temperature Sensor Distributors and Customers
14.3. Temperature Sensor Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Microchip Technology
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. NXP Semiconductors
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Panasonic
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Analog Devices
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Maxim Integrated
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ...
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. COMPANY7
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. COMPANY8
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
