The global temperature sensor market size is projected to grow from USD 6.3 billion in 2020 to USD 8.8 billion by 2027, recording a CAGR of 4.8%.
The increasing trend of wearable devices and the rising need for temperature control for food safety management provide major growth opportunities to market players. The temperature sensor industry growth is driven mainly by increasing penetration of temperature sensors in advanced and portable healthcare equipment, growing demand for temperature sensors in the automotive sector, and rising adoption of home and building automation systems. Fluctuating raw material prices is expected to restrain the market growth.
Chemicals end-user industry to hold the largest share in the temperature sensor market by 2027.
The chemicals end-user industry segment in the temperature sensor industry is projected to hold the largest share during the forecast period. Temperature sensors play an essential role in the chemicals end-user industry. Processes such as refining, heat tracing, cracking, and incineration, and systems such as sanitary systems and piping systems use temperature sensors for temperature monitoring and control.
Contact type temperature sensor to hold the larger share in the temperature sensor industry by 2027.
The contact type temperature segment is projected to hold the majority of the temperature sensor market share during the forecast period. Contact temperature sensors are used widely in industries such as chemicals, consumer electronics, oil & gas, energy & power, and automotive, because of their low cost, wide temperature ranges, and high accuracy. These benefits will drive market growth
Digital output to hold a larger share in the temperature sensor market by 2027.
The digital output segment is projected to hold a larger share in the temperature sensor industry during the forecast period. Temperature sensors with digital output have several advantages over sensors with analog output and are especially suited for remote applications. Digital temperature sensors find use in medical, aerospace, test and measurement equipment, and industrial automation.
Absolute humidity sensor to hold the larger share in the humidity sensor market by 2027.
The absolute humidity sensor segment is projected to hold a larger share in the humidity sensor market during the forecast period. Absolute humidity sensors, supported by two NTC thermistor elements, measure the absolute humidity by measuring the difference in thermal conductivity of dry air and the air containing water vapor. These humidity sensors are used for measuring humidity in HVACs, fax machines, printers, automotive, weather stations, refrigerators, and food processing units.
APAC to be the largest temperature sensor market by 2027.
Asia Pacific is projected to hold the largest share in the global temperature sensor market during the forecast period. China, India, South Korea, and Japan are the major contributors to the growth of the temperature sensor industry in APAC.
Fast track industrialization across APAC has created a conducive environment for the growth of the temperature sensor market. Expanding automobile and industrial manufacturing, in particular, is generating massive demand for temperature sensors. Also, robust demand for consumer equipment, including portable healthcare electronics and white goods, is expected to foster the demand for temperature sensors.
Key Topics Covered:
1 Introduction
2 Research Methodology
3 Executive Summary
4 Premium Insights 4.1 Attractive Opportunities in Temperature Sensor Market 4.2 Temperature Sensor Market in Apac, by Country and End-User Industry 4.3 Temperature Sensor Market, by Product Type 4.4 Temperature Sensor Market, by Output 4.5 Temperature Sensor Market, by End-User Industry 4.6 Temperature Sensor Market, by Country
5 Market Overview 5.1 Introduction 5.2 Market Dynamics 5.2.1 Drivers 5.2.1.1 Increasing Penetration of Temperature Sensors in Advanced and Portable Healthcare Equipment 5.2.1.2 Growing Demand for Temperature Sensors in Automotive Sector 5.2.1.3 Rising Adoption of Home and Building Automation Systems 5.2.2 Restraints 5.2.2.1 Fluctuating Raw Material Prices 5.2.3 Opportunities 5.2.3.1 Increasing Trend of Wearable Devices 5.2.3.2 Rising Need for Temperature Control for Food Safety Management 5.2.4 Challenges 5.2.4.1 Stringent Performance Requirements for Advanced Applications 5.2.4.2 Continual Price Reductions and Intense Competition Among Manufacturers 5.3 Impact of Covid-19 on Temperature Sensor Market 5.4 Value Chain Analysis
6 Humidity Sensor Market, by Type 6.1 Introduction 6.2 Humidity Sensors 6.2.1 Absolute Humidity Sensors 6.2.1.1 Absolute Humidity Sensors Accounted for Larger Share of Overall Humidity Sensor Market in 2019 6.2.2 Relative Humidity Sensors 6.2.2.1 Market for Relative Humidity Sensors is Expected to Grow at Higher Growth Rate During Forecast Period
7 Temperature Sensor Market, by Product Type 7.1 Introduction 7.2 Contact Temperature Sensors 7.2.1 Bimetallic Temperature Sensors 7.2.1.1 Bimetallic Temperature Sensors Are Used Extensively to Control Water Heating Elements in Boilers, Furnaces, and Hot Water Storage Tanks 7.2.2 Thermocouples 7.2.2.1 Thermocouples Accounted for Largest Share of Contact Temperature Sensor Market 7.2.3 Resistive Temperature Detectors 7.2.3.1 Owing to Their Linearity, Stability, and Accuracy, Rtds Are Widely Preferred for Air Conditioning, Food Processing, and Textile Production 7.2.4 Thermistors 7.2.4.1 Low-Cost Ntc Sensors Are Used in Applications Wherein Temperature Ranges from 40 C to +300 7.2.5 Temperature Sensor Ics 7.2.5.1 Market for Temperature Sensor Ics is Expected to Grow at Highest CAGR During Forecast Period 7.3 Non-Contact Temperature Sensors 7.3.1 Infrared Temperature Sensors 7.3.1.1 Infrared Temperature Sensors Accounted for Larger Share of Non-Contact Temperature Sensor Market 7.3.2 Fiber Optic Temperature Sensors 7.3.2.1 Market for Fiber Optic Temperature Sensors is Expected to Grow at Higher Cagr
8 Temperature Sensor Market, by Output 8.1 Introduction 8.2 Analog 8.2.1 Market for Analog Temperature Sensors is Expected to Grow at Higher CAGR During Forecast Period 8.3 Digital 8.3.1 Single-Channel Digital Temperature Sensors 8.3.1.1 Single-Channel Digital Temperature Sensors Have Low Power Consumption and Are Compact 8.3.2 Multichannel Digital Temperature Sensors 8.3.2.1 Multichannel Digital Sensors Can Monitor Multichannels, Have Flexible Design, and Offer Higher Accuracy
9 Temperature Sensor Market, by End-User Industry 9.1 Introduction 9.2 Chemicals 9.2.1 Processes Such as Refining, Heat Tracing, and Incineration Require Temperature Sensors 9.3 Oil & Gas 9.3.1 Oil & Gas Exploration Involves Critical Measures Such as Preventing Moisture, Overheating, Corrosion, and Inefficient Fuel Usage 9.4 Consumer Electronics 9.4.1 Introduction of New Technologies is Expected to Surge Growth of Temperature Sensor Market for Electrical and Electronic Applications 9.5 Energy & Power 9.5.1 Increasing Need for Renewable Energy Generation to Have Positive Impact on Growth of Temperature Sensor Market 9.6 Healthcare 9.6.1 Thermistors Are Mostly Used for Disposable Medical Applications as These Sensors Provide Most Accurate and Sensitive Measurements 9.7 Automotive 9.7.1 With Rising Concerns of Automobile Manufacturers About Occupant Comfort, Temperature Sensors Are Also Finding Application in Automotive Hvac Systems 9.8 Metals & Mining 9.8.1 in Metals & Mining End-User Industry, Temperature Sensors Are Used for Various Applications, Such as Mineral Extraction, Refining, and Engine Monitoring 9.9 Food & Beverages 9.9.1 Temperature Monitoring and Control is Required for Quality Assurance During Production, Storage, and Transit of Food and Beverages 9.10 Pulp & Paper 9.10.1 Temperature Monitoring and Control Through Temperature Sensors is Involved in Pulping and Bleaching Processes 9.11 Advanced Fuel 9.11.1 Temperature Sensors Have Witnessed Increase in Demand from Automobiles Which Are Using Different Varieties of Fuel 9.12 Aerospace & Defense 9.12.1 Typical Uses of Temperature Sensors Include Measurement of Aircraft Skin Temperature, Environmental Temperature, and Surrounding Critical Electronic Components 9.13 Glass 9.13.1 Temperature Sensors Are Required for Measuring High Temperatures During Glass Manufacturing 9.14 Others
10 Geographic Analysis 10.1 Introduction 10.2 North America 10.2.1 US 10.2.1.1 US to Hold Largest Share of Temperature Sensor Market in North America 10.2.2 Canada 10.2.2.1 Thriving Chemicals & Petrochemicals and Advanced Fuel Industries Fueling Growth of Temperature Sensor Market in Canada 10.2.3 Mexico 10.2.3.1 Market in Mexico to Grow at Highest Rate in North America 10.3 Europe 10.3.1 Germany 10.3.1.1 Germany Held Largest Share of Temperature Sensor Market in Europe in 2019 10.3.2 France 10.3.2.1 Robust Aviation Industry Supporting Growth of Temperature Sensor Market in France 10.3.3 UK 10.3.3.1 Consumer Electronics Industry Generating Substantial Demand for Temperature Sensors in UK 10.3.4 RoE 10.3.4.1 Market in Roe to Grow at Highest Rate in Europe 10.4 Apac 10.4.1 China 10.4.1.1 China Held Largest Share of Temperature Sensor Market in APAC in 2019 10.4.2 Japan 10.4.2.1 Evolving Market for Home Automation in Japan Will Boost Demand for Temperature Sensors in Coming Years 10.4.3 India 10.4.3.1 Temperature Sensor Market in India Expected to Witness Highest CAGR Among All Countries 10.4.4 South Korea 10.4.4.1 Growing Electronics and Automotive Industries Driving Demand for Temperature Sensor Market in South Korea 10.4.5 RoAPAC 10.5 RoW 10.5.1 MEA 10.5.1.1 MEA Held Larger Share of Temperature Sensor Market in Row 10.5.2 South America 10.5.2.1 Growing Energy & Power and Mining Industries Are Likely to Propel Temperature Sensor Market Growth in this Region
11 Competitive Landscape 11.1 Introduction 11.2 Ranking Analysis of Players in Temperature Sensor Market 11.3 Competitive Leadership Mapping 11.3.1 Visionary Leaders 11.3.2 Innovators 11.3.3 Dynamic Differentiators 11.3.4 Emerging Companies 11.4 Strength of Product Portfolio (25 Companies) 11.5 Business Strategy Excellence (25 Companies) 11.6 Competitive Scenario 11.6.1 Expansions 11.6.2 Product Launches and Developments 11.6.3 Mergers & Acquisitions 11.6.4 Contracts, Partnerships, Agreements, and Collaborations
12 Company Profiles 12.1 Key Players 12.1.1 Honeywell 12.1.2 TE Connectivity 12.1.3 Texas Instruments 12.1.4 Endress+Hauser 12.1.5 Siemens 12.1.6 Maxim Integrated 12.1.7 Emerson 12.1.8 Amphenol 12.1.9 Wika Instrument 12.1.10 Dwyer Instruments 12.2 Right to Win 12.2.1 Honeywell 12.2.2 TE Connectivity 12.2.3 Texas Instruments 12.2.4 Endress+Hauser 12.2.5 Siemens 12.3 Other Companies 12.3.1 Microchip 12.3.2 Kongsberg Gruppen 12.3.3 Pyromation 12.3.4 Analog Devices 12.3.5 Hans Turck 12.3.6 IFM Electronic 12.3.7 Stmicroelectronics 12.3.8 NXP Semiconductors 12.3.9 Omega Engineering 12.3.10 Yokogawa Electric 12.3.11 Murata Manufacturing
