Temperature Sensor Market New Tech Developments And Advancements To Watch Out For 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.

 

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Temperature Sensor Market: Drivers & Challenges

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.

·         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

 

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

 

TEMPERATURE SENSOR Market, by Region

·         Asia-Pacific

·         China

·         India

·         Japan

·         South Korea

·         Taiwan

·         Rest of Asia-Pacific

·         North America

·         US

·         Canada

·         Mexico

·         Europe

·         Germany

·         UK

·         France

·         Italy

·         Russia

·         Rest of Europe

·         Middle East & Africa

·         Saudi Arabia

·         UAE

·         Rest of Middle East & Africa

·         South America

·         Brazil

·         Argentina

·         Rest of South America

 

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