Temperature Sensors Market Size, Share - Industry Trends, And Outlook 2023 - 2030.

Global Temperature Sensors market is segmented By Type(Contact Temperature Sensing, Non-Contact Temperature Sensing), By Product Type(Thermistor, Thermocouple, Thermostat, Infrared Sensors), By Application(Oil and gas Industry, Chemicals, Automotive, Consumer Electronics, Healthcare, others), and By Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030.

Temperature Sensors Market Overview

A report by DataM Intelligence estimates the Global Temperature Sensors market to grow at a high CAGR Of 5.22% during the forecast period 2023- 2030. The market is expected to grow because it becomes important in different industries like Oil and gas Industry, Chemicals, Automotive, Consumer Electronics, Healthcare . The competitive rivalry intensifies with Panasonic Corporation, Bosch., Honeywell International, and others operating in the market.

A temperature sensor measures temperature & translates it into an electrical signal. Temperature sensors are used in consumer applications as well as almost all Industrial sectors. The global Temperature sensors market is highly competitive with a large number of local manufacturers.

Temperature Sensors Market Scope

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Temperature Sensors Market Dynamics

• Contact temperature sensors have been around for decades, and now many companies are investing in research to develop new non-contact sensing technologies. Growth in the automotive market in Asia will drive demand for thermistors.
• Non-contact sensors are expected to show higher growth as they are used extensively in the plastic, metal & food Industries.
  Process Industries are the biggest users of IR sensors a type of non-contact sensor where they are used to spot defects & measure surface temperature.
• IR sensors are used in Food & Beverage Industry to avoid spoilage. IoT (Internet of Things) is also going to drive the temperature sensors market.
• Traditional temperature sensors have become widespread now. The industry needs to develop new technologies and products so that they will be adopted in new applications. In the absence of new technologies, the Industry will not be able to achieve a very high growth rate.

Temperature Sensors Market Segmentation Analysis

• The global Temperature Sensor market can be segmented by feature, product type, or by application
  Based on Features, the Market can be segmented into Contact temperature sensors and non-contact temperature sensors. Contact sensors use conduction to sense the temperature. Non-contact sensors use convection & radiation to detect temperature.
• Based on technology Type, the market can be divided into Thermostat, Thermistor, Resistive temperature detectors, Thermocouple, IR sensors, and others.
• Thermistors are mostly negative temperature coefficient types; they are very accurate. Resistive temperature detectors, they could be made from Nickel, copper, or platinum.
• Platinum temperature detectors are the most accurate. They are linear, so resistance changes linearly with temperature. Semiconductors sensors are widely used in consumer electronics. IR sensors are increasingly adopted for use in high-temperature applications. Other products include mercury or organic fluid-based thermometer and thermostats. Thermostats are very cheap and found in domestic heating control systems.
• Based on application, the temperature sensor market is segmented into various industries Automotive, Medical, Defence & Aerospace, Metals, Chemicals & Petrochemicals, and others. They are used either for temperature control or temperature compensation.

Global Temperature Sensors Market Geography Share

Based on geography, the market can be segmented into North America, South America, Europe, Asia-Pacific & the rest of the world.
North America has the most significant share of the temperature sensor market since considerable companies are US-based. Asia-pacific is expected to show the highest growth rate. Due to the very high growth rate in the Automotive sector as well as increased Industrial output.

Temperature Sensors Market Companies and Competitive Landscape

The temperature sensor market consists of many domestic and international manufacturers. Some of the players in the Temperature Sensors Market include Omega Engineering, Bosch, Texas Instruments, ABB Ltd, Analog Devices Inc., STMicroelectronics, NXP Semiconductors, Siemens Process Instrumentation, etc.