Temperature Sensor Market

Temperature Sensor Market was valued at USD 7.0 billion in 2023 and is forecast to touch USD 11.0 billion in 2031, and the market is expected to grow at a CAGR of 5.8% from 2024-2031.

Temperature Sensor Market Overview

A temperature sensor is a device that is used to measure the temperature from a particular source by collecting temperature data and converting it in an understandable form for an observer or a device. There are two major types of temperature sensors: contact temperature sensors and non-contact temperature sensors. The contact temperature sensor measures temperature which it comes in contact with an object. The contact temperature sensor includes Bimetallic Temperature Sensors, Thermocouples, Resistive Temperature Detectors, Thermistors, and Temperature Sensor ICS. The non-contact sensor measures temperature by detecting the energy emits of an object and send a signal to an electronic circuit which determines the object’s temperature. Temperature sensors are majorly used in metal & mining, food & beverages, automotive, and chemical industry.

Major Temperature Sensor Market Drivers

The major factors propelling the growth of the Global Temperature Sensor market includes the growing demand for advanced and portable healthcare equipment and the increasing adoption of these sensors in the automotive industry and in home & building automation systems. The increasing demand for the temperature sensors in the healthcare sector driven by its numerous application such as used in imaging devices, diagnostics devices, and implant devices, which further fuel the market growth of temperature sensors. Temperature sensors are widely used in petrochemical, automotive, aerospace & defense, consumer electronics, and other industries to measure the temperature of a medium accurately and efficiently in a given set of requirements. These sensors offer exceptional advantages such as smaller in size, cost-efficient, and power-efficient. The increasing penetration of consumer electronics such as smartphones, smart TV, laptops, camera, and other electronical devices is accelerating the demand for temperature sensor as is used for monitoring, measuring, data logging, and controlling systems. On the other hand, the continuous price reduction and high competition among the manufacturers are some factors which will hamper the growth of the market.

Based on the Product Type, the Contact Temperature Sensor segment is anticipated to lead the market during the forecast period owing to the growing adoption of contact temperature sensor among various industries such as oil & gas, chemical, energy & power, automotive, and many other industries driven by  its low cost, broad temperature ranges, and high precision features.

 Based on the Output, the Digital Output Segment is anticipated to lead the market during the forecast period owing to the increasing penetration in medical, aerospace, test and measurement equipment, and industrial automation sectors.  It offers various benefits such as fast response, easy to use, customization option, and the replacement cost is less as compared to other outputs.

Based on the End-User Industry, the Chemical segment is projected to grow at a higher CAGR during the forecast period owing to the growing usage of temperature sensors for monitoring various process such as heat tracing, refining, cracking, and incineration. The temperature sensors are mainly used for monitoring and control temperature during these processes.

Regional – Segment Analysis

Based on the region, Asia-pacific is anticipated to lead in the global Temperature Sensor market during the forecast period owing to the rapid growing development of industries in this region, especially in China, Japan, South Korea, and India. The increasing manufacturing and automotive industries, coupled with surging demand for consumer equipment such as portable healthcare electronics, are further creating growth opportunities for the temperature sensor market in this region.

Top Market Players

The major key players in the Temperature Sensor market include Honeywell International Inc., TE Connectivity, Texas Instruments Incorporated, Endress+Hauser, Siemens AG, Maxim Integrated, Emerson Electric Co., Amphenol Corporation, Wika Instruments India Pvt. Ltd., Dwyer Instruments Inc. among others.

Key Developments:

• • In 2020, TE Connectivity launched MS5839-02BA, an ultra-compact, harsh media resistant digital pressure and temperature sensor. This sensor is embedded in consumer devices like swim watches and diving equipment.
  • In Oct 2018, Texas Instruments launched a new temperature sensor TMP117 that provides ±0.1°C accuracy across a broad range of temperature and helps to simplify industrial and medical applications system design.

Segments covered in the Report:

The Global Temperature Sensor Market has been segmented on the basis of Product Type, Output, Connectivity and End-User Industry. Based on the Product Type, the market is segmented into Contact Temperature Sensors, (Thermocouples, Resistive Temperature Detectors, Thermistors, Temperature Sensor ICs, Bimetallic Temperature Sensors), Non-contact Temperature Sensors (Infrared Temperature Sensors, Fiber Optic Temperature Sensors). Based on the Output, the market is segmented into Digital, Analog. Based on the Connectivity, the market is segmented into Wired and Wireless. Based on the End-User Industry, the market is segmented into Chemicals, Oil & Gas, Consumer Electronics, Energy & Power, Automotive, Process Industries, Aerospace & Defense, Glass, Others.

Report Coverage	Details
Market Revenues (2023)	USD 7.0 billion
Market Base Year	2023
Market Forecast Period	2024-2031
Base Year & Forecast Units	Revenues (USD Billion)
Market Segment	By Product Type, By Output, By Connectivity, By End-User Industry, By Region
Regional Coverage	Asia Pacific, Europe, North America, and RoW
Companies Profiled	Honeywell International Inc., TE Connectivity, Texas Instruments Incorporated, Endress+Hauser, Siemens AG, Maxim Integrated, Emerson Electric Co., Amphenol Corporation, Wika Instruments India Pvt. Ltd., Dwye. among others; a total of 10 companies covered
25% Free Customization Available	We will customize this report up to 25% as a free customization to address our client’s specific requirements

Market Segmentation

Global Temperature Sensor Market by Product Type

• • Contact Temperature Sensors
    • Thermocouples
    • Resistive Temperature Detectors
    • Thermistors
    • Temperature Sensor ICs
    • Bimetallic Temperature Sensors
  • Non-contact Temperature Sensors
    • Infrared Temperature Sensors
    • Fiber Optic Temperature Sensors

Global Temperature Sensor Market by Output

• • Digital
  • Analog

Global Temperature Sensor Market by Connectivity

• • Wired
  • Wireless

Global Temperature Sensor Market by End-User Industry

• • Chemicals
  • Oil & Gas
  • Consumer Electronics
  • Energy & Power
  • Automotive
  • Process Industries
  • Aerospace & Defense
  • Glass
  • Others

Global Temperature Sensor Market by Region

• • North America Temperature Sensor Market (Option 1: As a part of the free 25% customization)

    • By Product Type
    • By Output
    • By Connectivity
    • By End-User Industry
    • US Market All-Up
    • Canada Market All-Up

  • Europe Temperature Sensor Market (Option 2: As a part of the free 25% customization)

    • By Product Type
    • By Output
    • By Connectivity
    • By End-User Industry
    • UK Market All-Up
    • Germany Market All-Up
    • France Market All-Up
    • Spain Market All-Up
    • Rest of Europe Market All-Up

• • Asia-Pacific Temperature Sensor Market (Option 3: As a part of the free 25% customization)

    • By Product Type
    • By Output
    • By Connectivity
    • By End-User Industry
    • China Market All-Up
    • India Market All-Up
    • Japan Market All-Up
    • Rest of APAC Market All-Up

  • ROW Temperature Sensor Market (Option 4: As a part of the free 25% customization)

    • By Product Type
    • By Output
    • By Connectivity
    • By End-User Industry
    • Brazil Market All-Up
    • South Africa Market All-Up
    • Saudi Arabia Market All-Up
    • UAE Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Market All-Up

Global Temperature Sensor Leading Market Players (Option 5: As a part of the free 25% customization – Profiles of 5 Additional Companies of your Choice)

• • Honeywell International Inc.
  • TE Connectivity
  • Texas Instruments Incorporated
  • Endress+Hauser
  • Siemens AG
  • Maxim Integrated
  • Emerson Electric Co.
  • Amphenol Corporation
  • Wika Instruments India Pvt. Ltd.
  • Dwye