Temperature Sensor Market - Global Industry Analysis, Competitive Insight And Key Drivers; Research Report 2020-2027

The Global Temperature Sensor Market is estimated to reach USD 7.8 Billion by 2027 at a CAGR of 5.7%, predicts forencis research (FSR).

A temperature sensor is a device that detects and measures coolness and hotness and converts them into an electrical signal. In other words, temperature sensor measures the temperature of an object by remotely detecting energy emitted from an object. Temperature sensors are divided into two types: Contact and Non-contact temperature sensors. With modern technologies and advancement in electrical engineering, the temperature sensor market is showing an exponential growth in the semiconductor and electronics market. STMicroelectronics, Texas Instruments, microchip technologies are some of the keyplayers in the global market.

Temperature Sensor Market: Drivers & Restraints

Market Drivers:

Demand from Manufacturing, Automotive, and Consumer Electronics Industries

A Temperature Sensor will often play an important part in the manufacturing, automotive, and consumer electronics industries. In many industrial applications such as food and beverage processing, cosmetics, and pharmaceutical applications, temperature sensors are used for detecting, measuring, and controlling the object or machine temperatures. In consumer electronics, temperature sensors are used to enhance circuit stability and detecting high temperature levels to avert disasters. Increasing the market of smartphones, televisions, and smart homes, the consumer electronics market is expected to grow at faster rate during the forecast period and hence the temperature sensor market will increase accordingly.

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Growing Technical Advancements in Healthcare Instruments

Life expectancy has been increasing worldwide due to significant improvements in the medicine and healthcare market as well as due to growing consciousness regarding environmental and personal hygiene. Currently, the sensors are playing a vital role in the healthcare market. In the healthcare industry, temperature sensors are mainly used for maintaining temperature and humidity of drugs, vaccines, tissues and food&beverages. Moreover, the temperature sensors are also used for environmental monitoring for blood and tissues. Hence, manufacturers are developing various high-end instruments which are expected to drive the temperature sensor market during the projected period.

Market Restraints:

Saturation in Personal Computer (PC) Market

In a personal computer, thermal or temperature sensors detects the temperature of hardware system to protect it from overheating. Especially, Central Processing Unit (CPU) and Graphics Processing Unit (GPU) gets overheated during extended operations.If the system overheats, and temperature sensors are not present in the system, then the system is subjected to a catostrophic failure. However, in recent years, the market for smartphones and tablets is increased which directly hampers the growth of personal computers market which is expected to restrain the growth of temperature sensor market during the forecast period.

Temperature Sensor Market: Key Segments

Based on type: Contact Sensors (Thermocouple, Resistance Temperature Detector (RTD), Thermistors, Temperature Sensor ICs, Bimetallic Sensor) Non-Contact Sensors (IR Sensors, Fiber Optic Temperature Sensor)
Based on End User Industry: Consumer Electronics, Automotive, Healthcare, Aerospace & Defense, Oil & Gas, Chemicals & Materials, Energy & Power, Construction & mining, and Others
Based on region: North America, South America, Europe, Asia-Pacific, and Middle East & Africa with individual country-level analysis

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Temperature Sensor Market: Report Scope

The report on the temperature sensor market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

List of the leading companies operating in the Temperature Sensor Market include:

STMicroelectronics (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
NXP Semiconductors
Texas Instruments Incorporated
TE Connectivity
Analog Devices, Inc.
Microchip Technology Inc.
ON SEMICONDUCTOR CORPORATION
Robert Bosch GmbH
Omega Engineering Inc.
ABB
Murata Manufacturing Co., Ltd
Other Key Companies

Temperature Sensor Market: Report Segmentation

For the scope of report, In-depth segmentation is offered by Forencis Research

Temperature Sensor Market, By Type

Contact Sensors

Thermocouple
Resistance Temperature Detector (RTD)
Thermistors
Temperature Sensor ICs
Bimetallic Sensor

Non-Contact Sensors

IR Sensors
Fiber Optic Temperature Sensor

Temperature Sensor Market, By End User Industry

Consumer Electronics
Automotive
Healthcare
Aerospace & Defense
Oil & Gas
Chemicals & Materials
Energy & Power
Construction & mining
Others

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Temperature Sensor Market by Region

Asia-Pacific (China, Japan, South Korea, India, Taiwan, Rest of Asia-Pacific)
North America (US, Canada, Mexico)
Europe (Germany, Russia, France, Italy, UK, Spain, The Netherlands, Rest of Europe)
Middle East and Africa (Saudi Arabia, UAE, Rest of Middle East & Africa)
South America (Brazil, Argentina, Rest of South America)

Key Questions answered by the report

What are the developments impacting the market worldwide and its growth?
What will be the result of the developments in the global market on the industry and on the market players in the near and far future?
What are the evolving types of the global market?
What are the evolving applications of global market?
What are the major characteristics that will influence the global market growth during the study period?
Who are the major global players operating in the market?
How are the key players leveraging in the existing global market situation?

Table of Content

1 INTRODUCTION

1.1 Research Objectives

1.2 Market Definition

1.3 Research Scope

1.4 Regional Coverage

1.5 Research Timeline

1.6 Assumptions

1.7 Limitations

2 RESEARCH DESIGN & SCOPE

2.1 Introduction

2.2 Primary Research

2.2.1 Key Industry Expert Insight

2.3 Secondary Research

2.3.1 Vital Data from Secondary Sources

2.4 Market Size Estimation

2.5 Data Validation & Triangulation

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Introduction

4.2 Drivers

4.2.1. Demand from Manufacturing, Automotive, and Consumer Electronics Industries

4.2.2. Growing Technical Advancements in Healthcare Instruments

4.3 Restraint

4.3.1. Saturation in Personal Computer (PC) Market

4.4 Opportunities

4.4.1. Rising Adoption of Portable Machines and Equipment

4.5 Challenges

4.5.1. Issues Related to Thermowells

5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS

5.1 Introduction

5.1.1. Power of Buyers

5.1.2. Power of Suppliers

5.1.3. Intensity of Competition

5.1.4. Challenges of Substitutes

5.1.5. Challenges of New Entrants

5.2 Macro-Economic Indicators

6 GLOBAL REAL TIME LOCATION SYSTEM MARKET BY TYPE, Market Size in USD Million and Units (2019—2027)

6.1 Introduction

6.2 Contact Sensors

6.2.1 Thermocouple

6.2.2 Resistance Temperature Detector (RTD)

6.2.3 Thermistors

6.2.4 Temperature Sensor ICs

6.2.5 Bimetallic Sensor

6.3 Non-Contact Sensors

6.3.1 IR Sensors

6.3.2 Fiber Optic Temperature Sensor

7 GLOBAL REAL TIME LOCATION SYSTEM MARKET BY END USER INDUSTRY, Market Size in USD Million and Units (2019—2027)

7.1 Introduction

7.2 Consumer Electronics

7.3 Automotive

7.4 Healthcare

7.5 Aerospace & Defense

7.6 Oil & Gas

7.7 Chemicals & Materials

7.8 Energy & Power

7.9 Construction & mining

7.10 Others

8 GLOBAL REAL TIME LOCATION SYSTEM MARKET BY REGION, Market Size in USD Million (2019—2027)

8.1 North America

8.1.1 US

8.1.2 Canada

8.1.3 Mexico

8.2 Europe

8.2.1 Germany

8.2.2 France

8.2.3 Italy

8.2.4 UK

8.2.5 Russia

8.2.6 Rest of Europe

8.3 Asia-Pacific

8.3.1 China

8.3.2 India

8.3.3 Japan

8.3.4 South Korea

8.3.5 Taiwan

8.3.6 Rest of Asia-Pacific

8.4 Middle East and Africa

8.4.1 Saudi Arabia

8.4.2 UAE

8.4.3 Rest of Middle East and Africa

8.5 South America

8.5.1 Brazil

8.5.2 Argentina

8.5.3 Rest of South America

9 COMPETITIVE LANDSCAPE

9.1 Introduction

9.2 Company Benchmarking

10 COMPANY PROFILES

10.1 STMicroelectronics

10.1.1 Company Overview

10.1.2 Financial Overview

10.1.3 Products/Solutions/Services Offered

10.1.4 Key Developments

10.1.5 SWOT Analysis

10.2 NXP Semiconductors

10.3 Texas Instruments Incorporated

10.4 TE Connectivity

10.5 Analog Devices, Inc.

10.6 Microchip Technology Inc.

10.7 ON SEMICONDUCTOR CORPORATION

10.8 Robert Bosch GmbH

10.9 Omega Engineering Inc.

10.10 ABB

10.11 Murata Manufacturing Co., Ltd

10.12 Other Key Companies

11 APPENDIX

11.1 Key Industry Expert Insights

11.2 Primary Discussion Guide

11.3 Customization Options

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