The global temperature sensors market size was USD 6.42 Billion in 2022 and is expected to register a steady revenue CAGR of 6.1% during the forecast period, according to latest analysis by Emergen Research. Rapid procurement of temperature sensors in various industrial temperature monitor and control applications is a major factor driving market revenue growth. Temperature sensor is a key industrial component for measuring, monitoring, and controlling temperature of industrial machinery and equipment, which can detect heat or cold and convert measurements into electrical signals. Temperature sensors are widely used in various industries across the world, including consumer electronics, Heating, Ventilation, and Air Conditioning (HVAC), and industrial machinery and equipment. In addition, increasing use of Industrial Internet of Things (IIoT) sensors and temperature sensors in consumer smart devices is another factor driving revenue growth of the market. Temperature measuring devices are increasingly offered by smart device manufacturers. For example, in February 2023, Apple Inc., a multinational technology corporation integrated temperature sensors in HomePod small and second generation HomePod devices. Several wearable device manufacturers are also incorporating temperature sensors in both wearable and wearable healthcare devices. However, high cost of sensor design and development is expansion major factor, which could restrain market revenue growth. Several complicated electronic architectures steps are involved in design and development phases of sensor manufacture. In addition, significant investments in technology and high precision machinery required to manufacture temperature sensors, is another factor, which could restrain revenue growth of the market.
The report further offers a complete value chain analysis along with an analysis of the downstream buyers and upstream raw materials. The study focuses on global trends, regulatory frameworks, and macro- and micro-economic factors. The report also provides an extensive analysis of the segment and sub-segmented expected to dominate the market over the projected period. The report offers a forecast estimation of the market with regards to the analysis of the market segmentation, including product type, end-user industries, application spectrum, and other segments.
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Key companies profiled in the report include:
TE Connectivity Ltd., Texas Instruments Incorporated, Renesas Electronics Corporation, Emerson Electric Co., Schneider Electric, Hydac International GmbH, STMicroelectronics NV, NXP Semiconductors N.V., Amphenol Corporation, Honeywell International Inc., Rockwell Automation, Inc., Robert Bosch, Denso Corporation
Key Questions Answered by the Report:
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Temperature Sensors market?
What are the key product types and applications of the Temperature Sensors industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
How is the competitive landscape of the Temperature Sensors market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Temperature Sensors Market by 2027?
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Market Segmentation
-
Product Outlook (Revenue, USD Billion; 2019-2032)
- Contact
- Resistance Temperature Detectors (RTDs)
- Liquid-in-glass Thermometers
- Bimetallic Thermometers
- Thermocouple
- Thermistors
- Non-Contact
- Radiation Thermometers
- Thermal Thermometers
- Fiber Optic Temperature Sensors
- Contact
-
Output Outlook (Revenue, USD Billion; 2019-2032)
- Analog
- Digital
-
End-use Outlook (Revenue, USD Billion; 2019-2032)
- Chemicals
- Oil & Gas (O&G)
- Aerospace and defense
- Energy and power
- Consumer electronics
- Healthcare
- Automotive
- Others
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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