Temperature Sensor Market:
Growth opportunities in the Temperature Sensor Market look promising over the next six years. This is mainly due to the mounting demand for advanced and portable healthcare equipment and their enormous exceptional advantages such as cost and power efficiency.
Temperature Sensor Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
The prominent drivers responsible for the growth of the global temperature sensor market include the augmenting demand for sophisticated and convenient healthcare equipment along with their rising acquisition in the home and building automation systems and automotive industry. Also, these sensors are increasingly implemented in various healthcare industry applications such as imaging, diagnostic, and implant devices, which further strengthen the temperature sensor market size. Moreover, these sensors are employed to measure the temperature of a medium accurately and effectively in sectors such as automotive, aerospace & defence, petrochemical, consumer electronics under a given set of requirements. These sensors provide enormous remarkable features such as smaller size, productivity, and power-saving. Additionally, the accelerating penetration of consumer electronics, including smart TV, laptops, and camera, stimulates the demand for sensors to be utilized for measuring, data logging, controlling, and monitoring systems. However, the ongoing reduction in price and immense competition among producers will hamper the temperature sensor market share.
Product Type Segment Drivers
Based on the Product Type, the Contact Temperature Sensor is expected to dominate the market over the forecast period. This is primarily attributed to their rising endorsement in energy & power, chemical, oil & gas, and automotive industries promoted by their economical cost, high precision features, and broad temperature ranges.
Regional Drivers
Based on the regional coverage, Asia-pacific is projected to lead the market over the forecast period. This is mainly because of the swift expansion of industries, especially in India, South Korea, China, and Japan. In addition to it, the growing automotive and manufacturing enterprises, accompanied by the escalating demand for commercial tools such as portable healthcare electronics, are further bolstering the market growth.
Temperature Sensor Market’s leading Manufacturers:
- Dwyer Instruments Inc.
- Amphenol Corporation
- Maxim Integrated
- Endress+Hauser
- TE Connectivity
- Wika Instruments India Pvt. Ltd.
- Emerson Electric Co.
- Siemens AG
- Texas Instruments Incorporated
- Honeywell International Inc.
Temperature Sensor Market Segmentation:
Segmentation by Type
- Absolute Humidity Sensors
- Relative Humidity Sensors
Segmentation by Product Type
- Contact Temperature Sensors
- Bimetallic Temperature Sensors
- Thermocouples
- Resistive Temperature Detectors
- Thermistors
- Temperature Sensor ICS
- Non-Contact Temperature Sensors
- Infrared Temperature Sensors
- Fiber Optic Temperature Sensors
Segmentation by Output
- Analog
- Digital
- Single-Channel Digital Temperature Sensors
- Multichannel Digital Temperature Sensors
Segmentation by End-User Industry
- Chemicals
- Oil & Gas
- Consumer Electronics
- Energy & Power
- Healthcare
- Automotive
- Metals & Mining
- Food & Beverages
- Pulp & Paper
- Advanced Fuel
- Aerospace & Defense
- Glass
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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