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Temperature Sensor Market - Global Industry Analysis

Temperature Sensor Market (Thermistor, Resistive Temperature Detector, Thermocouple, Infrared Temperature Sensor, Fiber Optic Temperature Sensor, Bimetallic Temperature Sensor And Others) Market For Food And Beverage, Aerospace And Defense, Chemicals, Oil & Gas, Consumer Electronics, Automotive, Healthcare And Others End-User: Global Industry Perspective, Comprehensive Analysis And Forecast, 2020 – 2028

Published Date: 23-Aug-2021 Category: Semiconductor & Electronics Report Format : PDF Pages: 130 Report Code: ZMR-1977 Status : Published

The global Temperature Sensor market accounted for USD 5.8 Billion in 2020 and is expected to reach USD 7.7 Billion by 2028, growing at a CAGR of around 3.6% between 2021 and 2028.

Description

Market Overview     

The global Temperature Sensor market accounted for USD 5.8 Billion in 2020 and is expected to reach USD 7.7 Billion by 2028, growing at a CAGR of around 3.6% between 2021 and 2028.      

A temperature Sensor is nothing but a tool typically an RTD or thermocouple provides for temperature measurement through an electrical signal. Temperature sensor plays an important role in various applications like food processing, medical devices, HVAC environmental control, chemical handling and automotive under the hood monitoring. Mounting significance of advanced & portable healthcare devices and high-performing sensor devices will propel the expansion of the temperature sensor market within the years ahead. Fierce competition and saturation witnessed across the Pc sector, however, is foreseen to hinder the expansion propensity of the temperature sensor market within the near future. Nevertheless, massive product applications across oil & gas, food & beverages, aerospace & defense, and chemicals sectors will further leverage the expansion graph of the temperature sensors market within the coming years.

Global Temperature Sensor Market Size

COVID-19 Impact Analysis  

In the era of a COVID-19 pandemic, when a high temperature could be a sign of being ill with COVID-19, it could be a helpful smartphone feature to have. Temperature Sensors are employing IoT connectivity to hurry COVID-19 screening. Polysense Technologies and Semtech have joined forces to develop a series of physical body temperature monitoring devices that supported Semtech’s LoRa LPWAN. The sensors offer real-time data to frontline healthcare workers and quickly screen individuals with heat, one of the foremost common symptoms of COVID-19.

Growth Factors

The major growth drivers that impact the temperature sensors market are new technological advancements in the petrochemical industry. The growing huge demand for medical sensors owing to the rise within the number of diseases boosts the expansion of the thermistor sort of temperature sensor. Another foremost driver for temperature sensors in consumer electronics is that the substantial growth of tablets and mobile phones owing to research and development's immense innovations.

Report Scope:  

Report Attribute Details
Base Year 2020
Historic Years 2016 - 2020
Forecast Years 2021 - 2028
Segments Covered By Product Type, By Application, and By End Use
Forecast Units Value (USD Billion), and Volume (Units)
Quantitative Units Revenue in USD million/billion and CAGR from 2021 to 2028
Regions Covered North America, Europe, Asia Pacific, Latin America, and Middle East & Africa, and Rest of World
Countries Covered U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, Brazil, Argentina, GCC Countries, and South Africa, among others
Number of Companies Covered 10 companies with scope for including additional 15 companies upon request
Report Coverage Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, market attractiveness analysis by segments and region, company market share analysis, and COVID-19 impact analysis.
Customization Scope Avail customized purchase options to meet your exact research needs.

Segment Analysis Preview  

The main products available in this temperature sensor market are Thermocouple, Thermistor, Temperature Sensor, Resistive Temperature Detector, Bimetallic Temperature Sensor, Infrared Temperature Sensor, and Fiber Optic Temperature Sensor. Among them, the demand for Thermocouple is relatively higher and the trend is anticipated to remain so over the next few years.

Based on application, the chemicals end-user industry segment is projected to hold the largest share in the temperature sensor industry during the forecast period. Temperature sensors play an important 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.

Regional Analysis Preview  

Regionally, North America has been leading the worldwide temperature sensor market and is anticipated to continue on the dominant position within the years to return. Favorable state guidelines to market the expansion of medical & healthcare sectors are the most factor behind the dominance of the North American temperature sensor market. For the record, in 2018, North America contributed quite 40% towards the general temperature sensor market share 2018.

Global Temperature Sensor Market Share

Key Market Players & Competitive Landscape

The key players of temperature sensor market include ABB Ltd., General Electric Co., Panasonic Corp., ON Semiconductor, NXP Semiconductors N.V., Maxim Integrated Products Inc., Infineon Technologies AG, STMicroelectronics N.V., Honeywell International Inc., Microchip Technology Inc., Analog Devices Inc., Kongsberg Gruppen, Siemens and Texas Instruments Inc.

Global Temperature Sensor Market Regional Analysis

The global Temperature Sensor Market is segmented as follows:

By Product

  • Thermistor
  • Thermocouple
  • Infrared Temperature Sensor
  • Fiber Optic Temperature Sensor
  • Resistive Temperature Detector
  • Bimetallic Temperature Sensor
  • Others

By End-User

  • Food and Beverage
  • Aerospace and Defense
  • Chemicals
  • Oil & Gas
  • Consumer electronics
  • Automotive
  • Healthcare
  • Others

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

Table Of Content

  • Chapter No. 1 Introduction
    • 1.1. Report Description
      • 1.1.1. Purpose of the Report
      • 1.1.2. USP & Key Offerings
    • 1.2. Key Benefits for Stakehulders
    • 1.3. Target Audience
    • 1.4. Report Scope
  • Chapter No. 2 Executive Summary
    • 2.1. Key Findings
      • 2.1.1. Top Investment Pockets
        • 2.1.1.1. Market Attractiveness Analysis, By Product
        • 2.1.1.2. Market Attractiveness Analysis, By End User
        • 2.1.1.3. Market Attractiveness Analysis, By Region
    • 2.2. Market Snapshot
    • 2.3. Global Temperature Sensor Market, 2016 – 2028 (USD Billion)
    • 2.4. Insights from Primary Respondents
  • Chapter No. 3 COVID 19 Impact Analysis
    • 3.1. Impact Assessment of COVID-19 Pandemic, By Region
      • 3.1.1. North America
      • 3.1.2. Europe
      • 3.1.3. Asia Pacific
      • 3.1.4. Latin America
      • 3.1.5. The Middle-East and Africa
    • 3.2. Quarterly Market Revenue and Forecast by Region 2020 & 2021
    • 3.3. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion)
    • 3.4. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion)
    • 3.5. Key Strategies Undertaken by Companies to Tackle COVID-19
      • 3.5.1. Company Quarterly Revenue Analysis, 2019 & 2020
    • 3.6. Short Term Dynamics
    • 3.7. Long Term Dynamics
  • Chapter No. 4 Temperature Sensor Market – Product Segment Analysis
    • 4.1. Overview
      • 4.1.1. Market Revenue Share, By Product, 2020 & 2028
    • 4.2. Thermistor
      • 4.2.1. Market Size and Forecast, By Region (USD Billion)
      • 4.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.3. Thermocouple
      • 4.3.1. Market Size and Forecast, By Region (USD Billion)
      • 4.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.4. Infrared Temperature Sensor
      • 4.4.1. Market Size and Forecast, By Region (USD Billion)
      • 4.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.5. Fiber Optic Temperature Sensor
      • 4.5.1. Market Size and Forecast, By Region (USD Billion)
      • 4.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.6. Resistive Temperature Detector
      • 4.6.1. Market Size and Forecast, By Region (USD Billion)
      • 4.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.7. Bimetallic Temperature Sensor
      • 4.7.1. Market Size and Forecast, By Region (USD Billion)
      • 4.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 4.8. Others
      • 4.8.1. Market Size and Forecast, By Region (USD Billion)
      • 4.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 4.8.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Temperature Sensor Market – End-User Segment Analysis
    • 5.1. Overview
      • 5.1.1. Market Revenue Share, By End User, 2020 & 2028
    • 5.2. Automotive
      • 5.2.1. Market Size and Forecast, By Region (USD Billion)
      • 5.2.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.2.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.3. Food and Beverage
      • 5.3.1. Market Size and Forecast, By Region (USD Billion)
      • 5.3.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.3.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.4. Aerospace and Defense
      • 5.4.1. Market Size and Forecast, By Region (USD Billion)
      • 5.4.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.4.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.5. Chemicals
      • 5.5.1. Market Size and Forecast, By Region (USD Billion)
      • 5.5.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.5.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.6. Oil & Gas
      • 5.6.1. Market Size and Forecast, By Region (USD Billion)
      • 5.6.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.6.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.7. Medical/Healthcare
      • 5.7.1. Market Size and Forecast, By Region (USD Billion)
      • 5.7.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.7.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.8. Consumer Electronics
      • 5.8.1. Market Size and Forecast, By Region (USD Billion)
      • 5.8.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.8.3. Key Market Trends, Growth Factors, & Opportunities
    • 5.9. Others
      • 5.9.1. Market Size and Forecast, By Region (USD Billion)
      • 5.9.2. Comparative Revenue Analysis, By Country, 2020 & 2028
      • 5.9.3. Key Market Trends, Growth Factors, & Opportunities
  • Chapter No. 5 Temperature Sensor Market – Regional Segment Analysis
    • 6.1. Overview
      • 6.1.1. Global Market Revenue Share, By Region, 2020 & 2028
      • 6.1.2. Global Market Revenue, By Region, 2016 – 2028 (USD Billion)
    • 6.2. North America
      • 6.2.1. North America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.2.2. North America Market Revenue, By Product, 2016 – 2028
      • 6.2.3. North America Market Revenue, By End User, 2016 – 2028
      • 6.2.5. U.S.
        • 6.2.5.1. U.S. Market Revenue, By Product, 2016 – 2028
        • 6.2.5.2. U.S. Market Revenue, By End User, 2016 – 2028
      • 6.2.6. Canada
        • 6.2.6.1. Canada Market Revenue, By Product, 2016 – 2028
        • 6.2.6.2. Canada Market Revenue, By End User, 2016 – 2028
      • 6.2.7. Mexico
        • 6.2.7.1. Mexico Market Revenue, By Product, 2016 – 2028
        • 6.2.7.2. Mexico Market Revenue, By End User, 2016 – 2028
    • 6.3. Europe
      • 6.3.1. Europe Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.3.2. Europe Market Revenue, By Product, 2016 – 2028
      • 6.3.3. Europe Market Revenue, By End User, 2016 – 2028
      • 6.3.5. Germany
        • 6.3.5.1. Germany Market Revenue, By Product, 2016 – 2028
        • 6.3.5.2. Germany Market Revenue, By End User, 2016 – 2028
      • 6.3.6. France
        • 6.3.6.1. France Market Revenue, By Product, 2016 – 2028
        • 6.3.6.2. France Market Revenue, By End User, 2016 – 2028
      • 6.3.7. U.K.
        • 6.3.7.1. U.K. Market Revenue, By Product, 2016 – 2028
        • 6.3.7.2. U.K. Market Revenue, By End User, 2016 – 2028
      • 6.3.8. Italy
        • 6.3.8.1. Italy Market Revenue, By Product, 2016 – 2028
        • 6.3.8.2. Italy Market Revenue, By End User, 2016 – 2028
      • 6.3.9. Spain
        • 6.3.9.1. Spain Market Revenue, By Product, 2016 – 2028
        • 6.3.9.2. Spain Market Revenue, By End User, 2016 – 2028
      • 6.3.10. Rest of Europe
        • 6.3.10.1. Rest of Europe Market Revenue, By Product, 2016 – 2028
        • 6.3.10.2. Rest of Europe Market Revenue, By End User, 2016 – 2028
    • 6.4. Asia Pacific
      • 6.4.1. Asia Pacific Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.4.2. Asia Pacific Market Revenue, By Product, 2016 – 2028
      • 6.4.3. Asia Pacific Market Revenue, By End User, 2016 – 2028
      • 6.4.5. China
        • 6.4.5.1. China Market Revenue, By Product, 2016 – 2028
        • 6.4.5.2. China Market Revenue, By End User, 2016 – 2028
      • 6.4.6. Japan
        • 6.4.6.1. Japan Market Revenue, By Product, 2016 – 2028
        • 6.4.6.2. Japan Market Revenue, By End User, 2016 – 2028
      • 6.4.7. India
        • 6.4.7.1. India Market Revenue, By Product, 2016 – 2028
        • 6.4.7.2. India Market Revenue, By End User, 2016 – 2028
      • 6.4.8. South Korea
        • 6.4.8.1. South Korea Market Revenue, By Product, 2016 – 2028
        • 6.4.8.2. South Korea Market Revenue, By End User, 2016 – 2028
      • 6.4.9. South-East Asia
        • 6.4.9.1. South-East Asia Market Revenue, By Product, 2016 – 2028
        • 6.4.9.2. South-East Asia Market Revenue, By End User, 2016 – 2028
      • 6.4.10. Rest of Asia Pacific
        • 6.4.10.1. Rest of Asia Pacific Market Revenue, By Product, 2016 – 2028
        • 6.4.10.2. Rest of Asia Pacific Market Revenue, By End User, 2016 – 2028
    • 6.5. Latin America
      • 6.5.1. Latin America Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.5.2. Latin America Market Revenue, By Product, 2016 – 2028
      • 6.5.3. Latin America Market Revenue, By End User, 2016 – 2028
      • 6.5.5. Brazil
        • 6.5.5.1. Brazil Market Revenue, By Product, 2016 – 2028
        • 6.5.5.2. Brazil Market Revenue, By End User, 2016 – 2028
      • 6.5.6. Argentina
        • 6.5.6.1. Argentina Market Revenue, By Product, 2016 – 2028
        • 6.5.6.2. Argentina Market Revenue, By End User, 2016 – 2028
      • 6.5.7. Rest of Latin America
        • 6.5.7.1. Rest of Latin America Market Revenue, By Product, 2016 – 2028
        • 6.5.7.2. Rest of Latin America Market Revenue, By End User, 2016 – 2028
    • 6.6. The Middle-East and Africa
      • 6.6.1. The Middle-East and Africa Market Revenue, By Country, 2016 – 2028 (USD Billion)
      • 6.6.2. The Middle-East and Africa Market Revenue, By Product, 2016 – 2028
      • 6.6.3. The Middle-East and Africa Market Revenue, By End User, 2016 – 2028
      • 6.6.5. GCC Countries
        • 6.6.5.1. GCC Countries Market Revenue, By Product, 2016 – 2028
        • 6.6.5.2. GCC Countries Market Revenue, By End User, 2016 – 2028
      • 6.6.6. South Africa
        • 6.6.6.1. South Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.6.2. South Africa Market Revenue, By End User, 2016 – 2028
      • 6.6.7. Rest of Middle-East Africa
        • 6.6.7.1. Rest of Middle-East Africa Market Revenue, By Product, 2016 – 2028
        • 6.6.7.2. Rest of Middle-East Africa Market Revenue, By End User, 2016 – 2028
  • Chapter No. 7: Temperature Sensor Market – Industry Analysis
    • 7.1. Introduction
    • 7.2. Market Drivers
      • 7.2.1. Driving Factor 1 Analysis
      • 7.2.2. Driving Factor 2 Analysis
    • 7.3. Market Restraints
      • 7.3.1. Restraining Factor Analysis
    • 7.4. Market Opportunities
      • 7.4.1. Market Opportunity Analysis
    • 7.5. Porter’s Five Forces Analysis
    • 7.6. PEST Analysis
    • 7.7. Regulatory Landscape
    • 7.8. Technology Landscape
    • 7.9. Regional Market Trends
      • 7.9.1. North America
      • 7.9.2. Europe
      • 7.9.3. Asia Pacific
      • 7.9.4. Latin America
      • 7.9.5. The Middle-East and Africa
    • 7.10. Pricing Analysis
    • 7.11. Value Chain Analysis
    • 7.12. Downstream Buyers
    • 7.13. Distributors/Traders List
  • Chapter No. 8: Competitive Landscape
    • 8.1. Company Market Share Analysis – 2019
      • 8.1.1. Global Temperature Sensor Market: Company Market Share, 2019
      • 8.1.2. Global Temperature Sensor Market, Company Market Revenue, 2016 – 2019 (USD Billion)
      • 8.1.3. Global Temperature Sensor Market, Company Y-o-Y Growth, 2017 – 2019 (%)
      • 8.1.4. Global Temperature Sensor Market: Radar Determinant Chart, 2019
    • 8.2. Strategic Developments
      • 8.2.1. Acquisitions & Mergers
      • 8.2.2. New Product Launch
      • 8.2.3. Regional Expansion
    • 8.3. Company Strategic Developments – Heat Map Analysis
  • Chapter No. 9: Company Profiles
    • 9.1. ABB Ltd.
      • 9.1.1. Company Overview
      • 9.1.2. Key Executives
      • 9.1.3. Product Portfolio
      • 9.1.4. Financial Overview
      • 9.1.5. Operating Business Segments
      • 9.1.6. Business Performance
      • 9.1.7. Recent Developments
    • 9.2. General Electric Co.
    • 9.3. Panasonic Corp.
    • 9.4. ON Semiconductor
    • 9.5. NXP Semiconductors N.V.
    • 9.7. Maxim Integrated Products Inc.
    • 9.8. Infineon Technulogies AG
    • 9.9. STMicroelectronics N.V.
    • 9.10. Honeywell International Inc.
  • Chapter No. 10: Marketing Strategy Analysis
    • 10.1. Marketing Channel
    • 10.2. Direct Marketing
    • 10.3. Indirect Marketing
    • 10.4. Marketing Channel Development Trends
    • 10.5. Economic/Pulitical Environmental Change
  • Chapter No. 11: Research Methodology
    • 11.1. Research Methodology
    • 11.2. Phase I - Secondary Research
    • 11.3. Phase II - Data Modeling
      • 11.3.1. Company Share Analysis Model
      • 11.3.2. Revenue Based Modeling
    • 11.4. Phase III - Primary Research
    • 11.5. Research Limitations
      • 11.5.1. Assumptions

List of Figures 

FIG NO. 1. Market Attractiveness Analysis, By Product
FIG NO. 2. Market Attractiveness Analysis, By End User
FIG NO. 3. Market Attractiveness Analysis, By Region
FIG NO. 4. Global Temperature Sensor Market Revenue, 2016 – 2028 (USD Billion)
FIG NO. 5. Impact of COVID-19 Pandemic in North America Countries
FIG NO. 6. Market Revenue Share, By Product, 2020 & 2028 
FIG NO. 7. Global Temperature Sensor Market for Thermistor, Revenue (USD Billion) 2016 – 2028
FIG NO. 8. Comparative Revenue Analysis of Temperature Sensor Market for Thermistor, By Country, 2020 & 2028
FIG NO. 9. Global Temperature Sensor Market for Thermocouple, Revenue (USD Billion) 2016 – 2028
FIG NO. 10. Comparative Revenue Analysis of Temperature Sensor Market for Thermocouple, By Country, 2020 & 2028
FIG NO. 11. Global Temperature Sensor Market for Infrared Temperature Sensor, Revenue (USD Billion) 2016 – 2028
FIG NO. 12. Comparative Revenue Analysis of Temperature Sensor Market for Infrared Temperature Sensor, By Country, 2020 & 2028
FIG NO. 13. Global Temperature Sensor Market for Fiber Optic Temperature Sensor, Revenue (USD Billion) 2016 – 2028
FIG NO. 14. Comparative Revenue Analysis of Temperature Sensor Market for Fiber Optic Temperature Sensor, By Country, 2020 & 2028
FIG NO. 15. Global Temperature Sensor Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 16. Comparative Revenue Analysis of Temperature Sensor Market for Others, By Country, 2020 & 2028
FIG NO. 17. Market Revenue Share, By End User, 2020 & 2028
FIG NO. 18. Global Temperature Sensor Market for Automotive, Revenue (USD Billion) 2016 – 2028
FIG NO. 19. Comparative Revenue Analysis of Temperature Sensor Market for Automotive, By Country, 2020 & 2028 
FIG NO. 20. Global Temperature Sensor Market for Food and Beverage, Revenue (USD Billion) 2016 – 2028
FIG NO. 21. Comparative Revenue Analysis of Temperature Sensor Market for Food and Beverage, By Country, 2020 & 2028
FIG NO. 22. Global Temperature Sensor Market for Aerospace and Defense, Revenue (USD Billion) 2016 – 2028 
FIG NO. 23. Comparative Revenue Analysis of Temperature Sensor Market for Aerospace and Defense, By Country, 2020 & 2028
FIG NO. 24. Global Temperature Sensor Market for Chemicals, Revenue (USD Billion) 2016 – 2028
FIG NO. 25. Comparative Revenue Analysis of Temperature Sensor Market for Chemicals, By Country, 2020 & 2028
FIG NO. 26. Global Temperature Sensor Market for Oil & Gas, Revenue (USD Billion) 2016 – 2028
FIG NO. 27. Comparative Revenue Analysis of Temperature Sensor Market for Oil & Gas, By Country, 2020 & 2028
FIG NO. 28. Global Temperature Sensor Market for Others, Revenue (USD Billion) 2016 – 2028
FIG NO. 29. Comparative Revenue Analysis of Temperature Sensor Market for Others, By Country, 2020 & 2028
FIG NO. 30. Global Temperature Sensor Market Revenue Share, By Region, 2020 & 2028
FIG NO. 31. North America Temperature Sensor Market Revenue, 2016 - 2028 (USD Billion)
FIG NO. 32. Porter’s Five Forces Analysis for Global Temperature Sensor Market
FIG NO. 33. PEST Analysis for Global Temperature Sensor Market
FIG NO. 34. Pricing Analysis for Global Temperature Sensor Market
FIG NO. 35. Value Chain Analysis for Global Temperature Sensor Market
FIG NO. 36. Company Share Analysis, 2019
FIG NO. 37. Radar Determinant Chart, 2019
FIG NO. 38. Company Strategic Developments – Heat Map Analysis
FIG NO. 39. Business Segment Revenue Share, 2020 (%)
FIG NO. 40. Geographical Segment Revenue Share, 2020 (%)
FIG NO. 41. Market Channels
FIG NO. 42. Marketing Channel Development Trend
FIG NO. 43. Growth in World Gross Product, 2008-2018
FIG NO. 44. Research Methodology – Detailed View
FIG NO. 45. Research Methodology


List of Tables 

TABLE NO. 1. Global Temperature Sensor Market: Snapshot
TABLE NO. 2. Quarterly Temperature Sensor Market Revenue by Region, 2020
TABLE NO. 3. Quarterly Temperature Sensor Market Revenue Forecast by Region, 2021
TABLE NO. 4. Pre COVID-19 Market Revenue, By Region, 2016-2019 (USD Billion) 
TABLE NO. 5. Post COVID-19 Market Revenue, By Region, 2020-2028 (USD Billion) 
TABLE NO. 6. Global Temperature Sensor Market for Thermistor, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 7. Global Temperature Sensor Market for Thermocouple, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 8. Global Temperature Sensor Market for Infrared Temperature Sensor, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 9. Global Temperature Sensor Market for Fiber Optic Temperature Sensor, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 10: Global Temperature Sensor Market for others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 11. Global Temperature Sensor Market for Automotive, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 12 Global Temperature Sensor Market for Food and Beverage, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 13. Global Temperature Sensor Market for Aerospace and Defense, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 14. Global Temperature Sensor Market for Chemicals, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 15. Global Temperature Sensor Market for Oil & Gas, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 16. Global Temperature Sensor Market for Others, by Region, 2016 – 2028 (USD Billion)
TABLE NO. 17. Global Temperature Sensor Market Revenue, By Region, 2016 – 2028 (USD Billion)
TABLE NO. 18. North America Temperature Sensor Market Revenue, By Country, 2016 – 2028 (USD Billion)
TABLE NO. 19. North America Temperature Sensor Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 20. North America Temperature Sensor Market Revenue, By End User, 2016 – 2028 (USD Billion)
TABLE NO. 21. U.S. Temperature Sensor Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 23. U.S. Temperature Sensor Market Revenue, By End User, 2016 – 2028 (USD Billion)
TABLE NO. 24. Canada Temperature Sensor Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 25. Canada Temperature Sensor Market Revenue, By End User, 2016 – 2028 (USD Billion)
TABLE NO. 26. Mexico Temperature Sensor Market Revenue, By Product, 2016 – 2028 (USD Billion)
TABLE NO. 27. Mexico Temperature Sensor Market Revenue, By End User, 2016 – 2028 (USD Billion)
TABLE NO. 28. Drivers for the Temperature Sensor Market: Impact Analysis
TABLE NO. 29. Restraints for the Temperature Sensor Market: Impact Analysis
TABLE NO. 30. Major Buyers of Temperature Sensor  
TABLE NO. 31. Distributors/Traders List of Temperature Sensor
TABLE NO. 32. Global Temperature Sensor Market, Company Market Revenue, 2016 – 2019 (USD Billion)
TABLE NO. 33: Global Temperature Sensor Market, Company Y-o-Y Growth, 2017 – 2019 (USD Billion)   


 

Methodology

This report is based on in-depth qualitative and quantitative analyses of the global Temperature Sensor market. Zion Research has collected and analyzed key data belong to the global Temperature Sensor market using a variety of methods. Quantitative analysis has been done following various projection and sampling techniques.

The qualitative analysis involved primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes were validated through experts' opinions. The market dynamics have been determined after conducting a detailed study of the micro and macroeconomic indicators of the market.

Various parameters have been taken into account, while estimating market size. The revenue generated by the leading industry participants in from the sales of Temperature Sensor across the world has been calculated through primary and secondary research.

Zion Research employs the combination of secondary research followed by extensive primary research. Under secondary research, we refer to prominent paid as well as open access data sources including product literature, company annual reports, government publications, press releases, industry association’s magazines and other relevant sources for data collection. Other prominent secondary sources include STATISTA, trade journals, trade associations, statistical data from government websites, etc. 

For this study, Zion Research has conducted all-encompassing primary research with key industry participants to collect first had data. Moreover, in-depth interviews with key opinion leaders also assisted in validation of findings from secondary research and to understand key trends in the Temperature Sensor industry. Primary research makes up the major source of data collection and validation.   

Primary Research

We conduct primary interviews with industry participants and commentators on an ongoing basis to validate data and analysis. A typical research interview fulfills the following functions:

  • Provides firsthand information on market size, market trends, growth trends, competitive landscape, outlook, etc.
  • Helps in validating and strengthening the secondary research findings
  • Further, develops the analysis team’s expertise and market understanding
  • Primary research involves e-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies

Participants who typically participate in such a process include, but are not limited to:

  • Industry participants: CEOs, VPs, marketing/product managers, market intelligence managers and national sales managers
  • Purchasing managers, technical personnel, distributors and resellers
  • Outside experts: Investment bankers, valuation experts and research analysts specializing in specific markets

Key opinion leaders specializing in different areas corresponding to different industry verticals

Secondary Research

Secondary research sources that are typically referred to include, but are not limited to:

  • Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
  • IDC and other relevant magazines
  • Internal and external proprietary databases, and relevant patent and regulatory databases
  • National government documents, statistical databases and market reports

News articles, press releases and webcasts specific to companies operating in the market

Following a comprehensive secondary and primary research and insights thus gathered, analysts at Zion Research have provided an in-depth analysis of various aspects of the Temperature Sensor market.

Models

Where no hard data is available, we use models and estimates to produce comprehensive data sets. A rigorous methodology is adopted, wherein the available hard data is cross-referenced with the following data types to produce estimates:

  • Demographic data: Population split by segments
  • Macroeconomic indicators: GDP, PPP, Per Capita Income, etc.
  • Industry indicators: Expenditure, technology stage and infrastructure, sector growth and facilities
  • Data is then cross-checked by an expert panel.

Free Analysis

A temperature sensor is an electrical device, generally a thermocouple or RTD (Resistance Temperature Detector) that provides for temperature measurement through an electrical signal. A thermocouple is a temperature-measuring device made from two dissimilar metals that generate an electrical voltage in direct proportion to changes in temperature. A temperature sensor plays an important role in many applications including petrochemical, automotive, consumer electronics, and aerospace and defense.

Temperature sensor market is mainly driven by increasing demand for high-performance sensor instruments, and increasing demand for consumer electronics. Moreover, rapid advancement in technology and growing demand for body-worn temperature sensors is expected to open new avenues for the market growth in the next few years. Additionally, increasing importance of advanced and portable healthcare equipment and growing automotive sector are expected to trigger the growth of this industry in the coming years. However, increasing competition with newest technologies & Saturation in Pc Market is expected to impede the market growth in the near future. 

Global-Temperature-Sensor-Market

The temperature sensor market is segmented by its products into thermistor, resistive temperature detector, thermocouple, infrared temperature sensor, fiber optic temperature sensor, bimetallic temperature sensor and others. The thermocouple is expected to the major segment of the temperature sensor and accounted for largest share of the global demand in 2016 due to their wide applications across process and non-process industries. The thermistor is also expected to grow at a significant rate.

Among all end-User, food and beverage segment is expected dominated the temperature sensor market due to the rising concerns pertaining to food safety and increasing government regulations on storage and transportation of food products. Consumer electronics and oil & gas industry also expected to the attractive segment in this market.

Geographically, North America acquired the majority of share temperature sensor market due to increasing government initiatives to improve the medical and healthcare industry. It accounted for over 41% share of the entire market in 2016. North America was followed by Europe and Asia Pacific. Asia pacific is anticipated to experience promising growth in the temperature sensor market in the coming years. It is expected to grow at the highest CAGR rate due to the increased demand for consumer electronics and the oil and gas industry in the region.

Some of the key players in temperature sensor market include Panasonic Corp., ON Semiconductor, NXP Semiconductors N.V., Maxim Integrated Products Inc., ABB Ltd., General Electric Co., Infineon Technologies AG, STMicroelectronics N.V., Honeywell International Inc., Microchip Technology Inc., Analog Devices Inc., Kongsberg Gruppen, Siemens and Texas Instruments Inc.

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FrequentlyAsked Questions

The global Temperature Sensor Market was valued at USD 5.8 billion in 2020.

The global Temperature Sensor Market is expected to reach USD 7.7 billion by 2028, growing at a CAGR of 3.6% between 2021 to 2028.

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.

The Asia Pacific is projected to account for the largest share in the 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.

The key players of temperature sensor market include ABB Ltd., General Electric Co., Panasonic Corp., ON Semiconductor, NXP Semiconductors N.V., Maxim Integrated Products Inc., Infineon Technologies AG, STMicroelectronics N.V., Honeywell International Inc., Microchip Technology Inc., Analog Devices Inc., Kongsberg Gruppen, Siemens and Texas Instruments Inc.

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