The global market for Temperature Sensors is estimated at US$6.7 Billion in 2023 and is projected to reach US$9.8 Billion by 2030, growing at a CAGR of 5.6% from 2023 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions.
Several key factors drive the growth of the temperature sensor market. Technological innovations are enhancing sensor capabilities, making them more suited to both traditional and emerging applications. The increasing automation across various industries necessitates the use of reliable temperature sensors to monitor and control processes, thereby ensuring safety and boosting productivity. Stringent regulatory and quality standards across multiple sectors also mandate the use of advanced temperature sensing to comply with safety norms. Furthermore, the expansion of the consumer electronics market, advances in the medical industry, and enhancements in automotive technologies are increasing the demand for sophisticated temperature monitoring solutions. The integration of temperature sensors with IoT and smart technologies is set to transform temperature monitoring, leading to more autonomous and efficient systems capable of predictive maintenance and enhanced performance monitoring. This integration underscores the growing importance and continuous evolution of temperature sensors in adapting to the demands of a technologically advancing world.
Several key factors drive the growth of the temperature sensor market. Technological innovations are enhancing sensor capabilities, making them more suited to both traditional and emerging applications. The increasing automation across various industries necessitates the use of reliable temperature sensors to monitor and control processes, thereby ensuring safety and boosting productivity. Stringent regulatory and quality standards across multiple sectors also mandate the use of advanced temperature sensing to comply with safety norms. Furthermore, the expansion of the consumer electronics market, advances in the medical industry, and enhancements in automotive technologies are increasing the demand for sophisticated temperature monitoring solutions. The integration of temperature sensors with IoT and smart technologies is set to transform temperature monitoring, leading to more autonomous and efficient systems capable of predictive maintenance and enhanced performance monitoring. This integration underscores the growing importance and continuous evolution of temperature sensors in adapting to the demands of a technologically advancing world.
Key Insights:
- Market Growth: Understand the significant growth trajectory of the Contact Temperature Sensors segment, which is expected to reach US$5.2 Billion by 2030 with a CAGR of a 4.7%. The Non-Contact Temperature Sensors segment is also set to grow at 6.6% CAGR over the analysis period.
- Regional Analysis: Gain insights into the U.S. market, estimated at $1.8 Billion in 2023, and China, forecasted to grow at an impressive 8.2% CAGR to reach $2.2 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.
Why You Should Buy This Report:
- Detailed Market Analysis: Access a thorough analysis of the Global Temperature Sensors Market, covering all major geographic regions and market segments.
- Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
- Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Temperature Sensors Market.
- Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.
Key Questions Answered:
- How is the Global Temperature Sensors Market expected to evolve by 2030?
- What are the main drivers and restraints affecting the market?
- Which market segments will grow the most over the forecast period?
- How will market shares for different regions and segments change by 2030?
- Who are the leading players in the market, and what are their prospects?
Report Features:
- Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2023 to 2030.
- In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
- Company Profiles: Coverage of major players such as ABB Ltd., Amphenol Advanced Sensors, Analog Devices, Inc., and more.
- Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.
Select Competitors (Total 116 Featured):
- ABB Ltd.
- Amphenol Advanced Sensors
- Analog Devices, Inc.
- Endress+Hauser AG
- Global Mixed-mode Technology Inc.
- Gunther GmbH Temperaturmesstechnik
- Honeywell Sensing and Control
- Integrated Device Technology, Inc.
- Kongsberg Defence & Aerospace AS
- Microchip Technology, Inc.
- Okazaki Manufacturing Company
- Omega Engineering, Inc.
- ON Semiconductor Corporation
- STMicroelectronics NV
- TE Connectivity Ltd.
- Texas Instruments, Inc.
- Yamari Industries Limited
Table of Contents
I. METHODOLOGYII. EXECUTIVE SUMMARY2. FOCUS ON SELECT PLAYERSIII. MARKET ANALYSISCANADAITALYSPAINRUSSIAREST OF EUROPESOUTH KOREAREST OF ASIA-PACIFICARGENTINABRAZILMEXICOREST OF LATIN AMERICAIRANISRAELSAUDI ARABIAUNITED ARAB EMIRATESREST OF MIDDLE EASTIV. COMPETITION
1. MARKET OVERVIEW
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
UNITED STATES
JAPAN
CHINA
EUROPE
FRANCE
GERMANY
UNITED KINGDOM
ASIA-PACIFIC
AUSTRALIA
INDIA
LATIN AMERICA
MIDDLE EAST
AFRICA
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- ABB Ltd.
- Amphenol Advanced Sensors
- Analog Devices, Inc.
- Endress+Hauser AG
- Global Mixed-mode Technology Inc.
- Gunther GmbH Temperaturmesstechnik
- Honeywell Sensing and Control
- Integrated Device Technology, Inc.
- Kongsberg Defence & Aerospace AS
- Microchip Technology, Inc.
- Okazaki Manufacturing Company
- Omega Engineering, Inc.
- ON Semiconductor Corporation
- STMicroelectronics NV
- TE Connectivity Ltd.
- Texas Instruments, Inc.
- Yamari Industries Limited
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 324 |
| Published | November 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 6.7 Billion |
| Forecasted Market Value ( USD | $ 9.8 Billion |
| Compound Annual Growth Rate | 5.6% |
| Regions Covered | Global |
