Temperature Sensor Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
Temperature sensor market size is anticipated to grow at over 4% CAGR between 2024 and 2032 fueled by the surging demand for accurate and dependable temperature measurements across sectors like automotive, healthcare, and industrial automation. In the automotive realm, temperature sensors play a pivotal role in monitoring engine performance, bolstering vehicle safety, and enhancing fuel efficiency.
With the advent of Industry 4.0 and a stronger push towards manufacturing automation, the demand for sophisticated temperature sensors to ensure optimal conditions has intensified. For instance, in August 2024, Google unveiled its Nest Learning Thermostat, complemented by an upgraded Nest Temperature Sensor.
Temperature sensors also find usage in smart grid systems, building management systems, and renewable energy sectors as they play a vital role in optimizing energy consumption, bolstering system reliability, and championing sustainable practices. Given the global emphasis on energy efficiency and environmental conservation, the uptake of temperature sensors in these domains is poised to surge, propelling market growth.
The industry is divided into product, output, application, and region.
Based on product, the temperature sensor market size from the contact segment is poised to grow between 2024 and 2032 due to the increasing number of partnerships and outsourcing agreements between sensor manufacturers and companies across various industries. Contact temperature sensors involve the supply of customized temperature sensors tailored to specific industrial applications, such as aerospace, automotive, and pharmaceuticals.
Temperature sensor market value from the healthcare application segment is set to witness a significant CAGR from 2024 to 2032. Temperature sensors are essential in medical devices for accurately tracking body temperature, managing patient care in real time, and maintaining optimal conditions for vaccines and pharmaceuticals. The increasing adoption of remote patient monitoring and telemedicine, coupled with stringent regulations on drug storage, drives the demand for advanced temperature-sensing solutions.
Asia Pacific temperature sensor industry is expected to accrue notable growth from 2024 to 2032. The rise in manufacturing activities and the push for smart cities will contribute to a higher demand for temperature sensors in industrial automation, HVAC systems, and energy management. Also, the burgeoning healthcare sector in countries like China and India, with a focus on advanced medical devices and temperature-sensitive drug storage will further fuel the regional market growth.
- Chapter 1 Methodology and Scope
- 1.1 Market scope and definition
- 1.2 Base estimates and calculations
- 1.3 Forecast calculation
- 1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
- 1.4.2.1 Paid sources
- 1.4.2.2 Public sources
- Chapter 2 Executive Summary
- 2.1 Industry 360º synopsis, 2021 - 2032
- Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.2 Vendor matrix
- 3.3 Profit margin analysis
- 3.4 Technology and innovation landscape
- 3.5 Patent analysis
- 3.6 Key news and initiatives
- 3.7 Regulatory landscape
- 3.8 Impact forces
- 3.8.1 Growth drivers
- 3.8.1.1 Increasing industrial automation
- 3.8.1.2 Rising demand in consumer electronics
- 3.8.1.3 Advancements in healthcare
- 3.8.1.4 Expansion in automotive sector
- 3.8.1.5 IOT and smart devices
- 3.8.2 Industry pitfalls and challenges
- 3.8.2.1 Supply chain disruptions
- 3.8.2.2 Data security concerns
- 3.9 Growth potential analysis
- 3.10 Porter’s analysis
- 3.10.1 Supplier power
- 3.10.2 Buyer power
- 3.10.3 Threat of new entrants
- 3.10.4 Threat of substitutes
- 3.10.5 Industry rivalry
- 3.11 PESTEL analysis
- Chapter 4 Competitive Landscape, 2023
- 4.1 Introduction
- 4.2 Company market share analysis
- 4.3 Competitive positioning matrix
- 4.4 Strategic outlook matrix
- Chapter 5 Market Estimates and Forecast, By Product, 2021 - 2032 (USD Million and Million Units)
- 5.1 Contact
- 5.1.1 Temperature sensor ICs
- 5.1.2 Resistive temperature detectors
- 5.1.3 Thermistors
- 5.1.4 Thermocouple
- 5.1.5 Bimetallic temperature detectors
- 5.2 Non-Contact
- 5.2.1 Infrared
- 5.2.2 Fiber-optic service
- Chapter 6 Market Estimates and Forecast, By Output, 2021 - 2032 (USD Million and Million Units)
- 6.1 Analog
- 6.2 Digital
- 6.2.1 Single channel
- 6.2.2 Multi-channel
- Chapter 7 Market Estimates and Forecast, By Application, 2021 - 2032 (USD Million and Million Units)
- 7.1 Chemicals
- 7.2 Oil and Gas
- 7.3 Consumer electronics
- 7.4 Healthcare
- 7.5 Automotive
- 7.6 Others
- Chapter 8 Market Estimates and Forecast, By Region, 2021 - 2032 (USD Million and Million Units)
- 8.1 Key trends
- 8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
- 8.3 Europe
- 8.3.1 UK
- 8.3.2 Germany
- 8.3.3 France
- 8.3.4 Italy
- 8.3.5 Spain
- 8.3.6 Rest of Europe
- 8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 India
- 8.4.3 Japan
- 8.4.4 South Korea
- 8.4.5 ANZ
- 8.4.6 Rest of Asia Pacific
- 8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Rest of Latin America
- 8.6 MEA
- 8.6.1 UAE
- 8.6.2 South Africa
- 8.6.3 Saudi Arabia
- 8.6.4 Rest of MEA
- Chapter 9 Company Profiles
- 9.1 ABLIC
- 9.2 AMPHENOL
- 9.3 Ams – OSRAM AG
- 9.4 Analog Devices
- 9.5 DWYER INSTRUMENTS
- 9.6 EMERSON
- 9.7 HANS TURCK
- 9.8 HONEYWELL
- 9.9 IFM ELECTRONIC
- 9.10 KONGSBERG GRUPPEN
- 9.11 Littelfuse
- 9.12 MICROCHIP
- 9.13 Murata
- 9.14 NXP SEMICONDUCTORS
- 9.15 OMEGA ENGINEERING
- 9.16 On Semiconductor
- 9.17 PYROMATION
- 9.18 ROHM Semiconductor
- 9.19 Sensata
- 9.20 Sensirion
- 9.21 SIEMENS
- 9.22 STMICROELECTRONICS
- 9.23 TE CONNECTIVITY
- 9.24 TEXAS INSTRUMENTS
- 9.25 Vishay Intertechnology
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