Temperature sensors are transforming industries globally,
from smart cities to advanced manufacturing, by playing a pivotal
role in monitoring and enhancing processes. With the increasing
demand for IoT and Industry 4.0, temperature sensors are driving
significant changes in global markets.
BOSTON, April 19,
2024 /PRNewswire/ -- "According to the latest BCC
Research study, the demand for Temperature Sensors: Global
Markets is growing from $7.3
billion in 2023 to $9.0
billion by the end of 2028, at a compound annual growth rate
(CAGR) of 4.3% from 2023 through 2028."
Temperature sensors are crucial components across many products,
from basic home appliances to advanced manufacturing systems. With
advancements in microtechnology, sensors have become smaller and
more integral to various industries. The report provides an
overview of the global temperature sensors market, detailing its
value and volume trends since 2022. The demand for temperature
sensors has particularly surged in sectors like automotive safety.
As the market continues to evolve, vendors face opportunities and
challenges. Understanding these trends and navigating the
competitive landscape will be key for players in the global
temperature sensors market.
Temperature sensors have undergone significant advancements with
the integration of microcontrollers, enabling simplified two-way
communication. In the Asia-Pacific
region, particularly in China, the
temperature sensor market has seen substantial growth, with
China accounting for over 40% of
the market share. Additionally, there's a rising demand for
flexible temperature sensors due to their myriad advantages,
including stretchability, affordability, compatibility, and
flexibility. These sensors find potential applications across
various sectors such as prosthetics, aerospace, healthcare,
robotics, electronic skin, and human-machine interfaces, showcasing
their versatility and expanding market opportunities.
To gain further insight into the report Temperature Sensors:
Global Markets, click here for more information.
Driving Factors of Temperature Sensors Global Markets
Growing Demand for Smart Connected Devices, Industrial, and
Home Automation: As more people use smart devices like
wearables and smart home appliances, the need for temperature
sensors increases. These sensors make sure things stay at the right
temperature, which is crucial for performance and safety. In
industries, they help control processes, ensure quality, and save
energy.
Massive Infrastructural Development in Terms of Smart Cities,
Factory Automation, and Industry 4.0: With the rise of smart
cities and advanced manufacturing, temperature sensors play a big
role. They help monitor the environment, manage traffic, and save
energy in smart cities. In factories, they keep production running
smoothly, prevent breakdowns, and make operations more
efficient.
IO-Link: Intelligent Communication Technology: IO-Link is
a way for sensors to talk to each other and machines more easily.
Temperature sensors using IO-Link can be set up and checked from
far away, making things simpler and saving time. It's becoming
popular because it makes sensors easier to use.
Increasing Use of MEMS Temperature Sensors: These are
tiny, efficient temperature sensors used in many devices like
phones and cars. They're small, don't need much power, and are
accurate. Because they're affordable and can fit almost anywhere,
they're used in lots of different things, making technology better
and cheaper.
Request a Sample Copy of the Temperature
Sensors: Global Markets Reports.
Report Synopsis
Report
Metrics
|
Details
|
Base year
considered
|
2022
|
Forecast Period
considered
|
2023-2028
|
Base year market
size
|
$6.9 billion
|
Market Size
Forecast
|
$9.0 billion
|
Growth Rate
|
CAGR of 4.3% from 2023
to 2028
|
Segment
Covered
|
By Technology, Industry
and Region
|
Regions
covered
|
The Americas, Europe,
Asia-Pacific, and the Middle East and Africa (MEA)
|
Key Market
Drivers
|
- Growing Demand for
Smart Connected Devices, Industrial and Home Automation
Devices
- Massive
Infrastructural Development in Terms of Smart Cities, Factory
Automation, and Industry 4.0
- IO-Link:
Intelligent Communication Technology
- Increasing Use of
MEMS Temperature Sensors
|
Segmentation Analysis:
- Technology Segmentation: Explore a diverse array of
temperature sensing technologies including Thermocouples, RTDs,
Thermistors, Infrared Sensors, IC Digital Sensors, and a variety of
Other Types.
- Industry Segmentation: Discover how temperature
sensors revolutionize industries such as Automotive, Consumer
Electronics, Healthcare, Manufacturing, Aerospace & Defense,
and HVAC Systems.
This report on the Temperature Sensors provides comprehensive
insights and analysis, addressing the following key
questions:
- What is the projected market size and growth rate of the
market?
The market is projected to reach $9.0
billion by 2028, growing at a CAGR of 4.3%.
- What are the key factors driving the growth of the market?
The key factors driving the market include the growth of MEMS
sensors, IO-link technology, miniaturization and more.
- What segments are covered in the market?
- By Technology.
- By Industry.
- By Region.
- By technology, which segment will dominate the market by the
end of 2028?
By technology, thermocouple temperature sensors are expected to
dominate the market by the end of 2028.
- Which region has the highest market share in the market?
The Americas holds the highest share of the global temperature
sensors market.
Some of the Key Market Players Are:
- AMPHENOL CORP.
- ANALOG DEVICES INC.
- EMERSON ELECTRIC CO.
- ENDRESS+HAUSER GROUP SERVICES AG
- HONEYWELL INTERNATIONAL INC.
- MURATA MANUFACTURING CO. LTD.
- STMICROELECTRONICS
- TE CONNECTIVITY
- TDK CORP.
- BAUMER
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