Temperature Sensor Market

Temperature Sensor Market Size, Share, Statistics and Industry Growth Analysis Report by Product Type (Contact Temperature Sensor, Non-Contact Temperature Sensor), Output (Analog, Digital), Connectivity (Wired, Wireless), End-user Industry (Consumer Electronics, Oil & Gas) and Region - Global Forecast to 2029

Report Code: SE 2914 Jan, 2024, by marketsandmarkets.com

[233 Pages Report] The Temperature Sensor Market Size is projected to grow from USD 7.4 billion in 2024 to USD 9.7 billion by 2029, registering a CAGR of 5.6% during the forecast period.

The rising inclusion of temperature control systems in food safety management , increasing adoption of Industry 4.0 and IoT, and increasing penetration of temperature sensors in advanced & portable healthcare equipment is expected to propel the temperature sensor market in the next five years. However, continuous price reductions and intense competition among manufacturers will likely pose challenges for industry players.

The objective of the report is to define, describe, and forecast the temperature sensor market based on product type, output, connectivity, end-user industry, and region.

Temperature Sensor Market

Temperature Sensor Market

Temperature Sensor Market Forecast to 2029

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Temperature Sensor Market Dynamics.

Driver: Increasing adoption of Industry 4.0 and IoT

Temperature sensors play a critical role in Industry 4.0 and industrial automation by providing real-time data for process monitoring, control, and optimization. The integration of temperature sensors with Internet of Things (IoT) devices and Industry 4.0 initiatives provides opportunities for real-time monitoring, data analytics, and automation in various industries and thus drives the temperature sensor market growth. The need for temperature sensors is growing in a variety of sectors, including industry, energy, healthcare, and agriculture. This is creating new opportunities for sensor makers as well as diversifying the market. Furthermore, temperature sensors are becoming more and more integrated with AI and machine learning technologies, allowing for advanced data analysis and predictive capabilities for process optimization. With the continuous evolution of Industry 4.0 and industrial automation, the demand for advanced temperature sensors is expected to grow significantly. By investing in innovative sensor technology and creating intelligent solutions, companies can leverage the power of temperature sensors to achieve optimal performance, efficiency, and sustainability in industrial operations.

Restraint: High initial cost involved in advanced sensors

Advancements in materials science and engineering have paved the way for the development of new and more capable sensors. To a significant extent, manufacturing has been at the forefront of incorporating advanced sensor technology. For instance, the current revolution in computer-integrated manufacturing has been enabled by advanced sensor technology. The rising expense of quality inspection is reflected in the more competitive global economy. As a result, quality needs to be a fundamental component of the production process, which means that it needs to be controlled either by removing the product for inspection at intermediate manufacturing stages or by continuously monitoring it with the right sensors. High initial costs are therefore anticipated to negatively impact temperature sensor manufacturing and logistics.

Opportunities: Increasing trend of wearable devices

Wearable devices are used for tracking several biometric parameters, such as heartbeat and body temperature. A rising number of end users are opting for wearable technology to enhance their overall health and fitness, which is driving the adoption of these electronic devices. With the advancement of technology, there is a growing need for temperature sensors in wearables like fitness trackers and smartwatches to detect and monitor physiological parameters like body temperature, heart rate, and pulse rate. It is anticipated that as technology advances, there will be a greater need for better wearables. It is anticipated that the players in the temperature sensor market will have development possibilities due to the increasing demand and increased health consciousness among people.

Challenges: Stringent performance requirements for advanced applications

Depending on the end-use application, the sensing capability of sensors varies, leading to inaccurate temperature measurement. For instance, temperature measurement parameters in the automotive end-user industry are different from those in the oil & gas end-user industry; therefore, the performance requirements of temperature sensors become critical for advanced applications. Higher application segments, such as process industries (chemicals, glass, and biotechnology), have different requirements in terms of temperature sensors—generally, high-temperature measurement is required. Furthermore, the temperature sensor market is characterized by the presence of a large number of manufacturers focusing mostly on the automotive, aerospace & defense, consumer electronics, and power industries. Since temperature measurement is a vital parameter in almost every process, sensors have achieved deep market penetration. Volume discounting in the case of low-priced sensors is a challenge.

Market Map/Ecosystem

Temperature Sensor Market by Map

Temperature Sensor Market: Key Trends.

The prominent players in the temperature sensor market are Honeywell International Inc. (US), TE Connectivity (Switzerland), Texas Instruments Incorporated (US), Endress+Hauser Group Services AG (Switzerland), Siemens (Germany), Emerson Electric Co. (US), Analog Devices (US), Amphenol Corporation (US), WIKA Alexander Wiegand SE & Co. KG (Germany), and Microchip Technology Inc. (US)among others. These companies boast mixing trends with a comprehensive product portfolio and strong geographic footprint.

Non-contact temperature sensor is expected to grow at the highest CARG in the temperature sensor market during the forecast period.

The non-contact temperature sensor segment is expected to account for a significant share and grow at the highest CAGR during the forecast period. These sensors measure the surface temperature of a body or object to be identified without any physical contact between the sensor and the measurement object. They are mainly used for small, moving, and inaccessible objects/sources/devices. Non-contact temperature sensors include infrared and fiber optic temperature sensors. Some of the prominent companies offering non-contact temperature sensors are OMEGA Engineering (US), TE Connectivity (Switzerland), Keyence Corporation (Japan), and Melexis (Belgium).

Consumer Electronics are expected to hold the largest share of the temperature sensor market in 2024.

The consumer electronics segment is expected to account for the highest share during the forecast period. The increasing use of temperature sensors in consumer electronics, such as smartphones, PCs, laptops, tablets, and other smart home appliances, is expected to keep this segment's market share at the top during the projected period. Moreover, with the introduction of new and innovative technologies in the consumer electronics industry, there is a huge opportunity for innovative and power-efficient temperature sensors.

The temperature sensor market is expected to have a high market share in China from the Asia Pacific region during the forecast period.

The Asia Pacific region continues to be a significant market for temperature sensors. Asia Pacific has been ahead of other regions in terms of the adoption of temperature sensor products and solutions. Continuous demand for cost-effective and highly efficient temperature sensors from chemicals, oil & gas, consumer electronics, energy & power, healthcare, automotive, and metals & mining industries is expected to drive the growth of the temperature sensor market in this region. The region’s automotive sector accounts for more than 50% of the world’s passenger car production. The thriving electrical and electronics industry in Asia Pacific is also supporting the growth of the temperature sensor market.

China is the largest consumer of electricity in the Asia Pacific, primarily owing to its rapid industrialization and high population. Growing demand from the energy & power sector will be one of the key drivers for the growth of the market in China. The country plans to invest heavily in renewable energy resources, which is anticipated to boost the demand for temperature sensors. Transformer monitoring systems, which deploy temperature sensors, are also being increasingly used in the country, which is likely to surge the demand for temperature sensors in the coming years.

Temperature Sensor Market by Region

Temperature Sensor Market by Region

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Key Market Players

Major vendors in the temperature sensor companies include Honeywell International Inc. (US), TE Connectivity (Switzerland), Texas Instruments Incorporated (US), Endress+Hauser Group Services AG (Switzerland), Siemens (Germany), Emerson Electric Co. (US), Analog Devices (US), Amphenol Corporation (US), WIKA Alexander Wiegand SE & Co. KG (Germany), and  Microchip Technology Inc. (US)among others.

Temperature Sensor Market Report Scope

Report Metric

Details

Market Size Available for Years

2020–2029

Base Year

2023

Forecast Period

2024–2029

Units

Value (USD Million/USD Billion)

Segments Covered

Product type, output, connectivity, end-user industry, and region

Regions Covered

North America, Europe, Asia Pacific, and RoW

Companies Covered

Honeywell International Inc. (US), TE Connectivity (Switzerland), Texas Instruments Incorporated (US), Endress+Hauser Group Services AG (Switzerland), Siemens (Germany), Emerson Electric Co. (US), Analog Devices (US), Amphenol Corporation (US), WIKA Alexander Wiegand SE & Co. KG (Germany), and Microchip Technology Inc. (US) among others.
A total of 25 players are profiled in the report.

Temperature Sensor Market Highlights

This report categorizes the temperature sensor market based on product type, output, connectivity, end-user industry, and region.

Segment

Subsegment

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

By Output

  • Digital
  • Analog

By Connectivity

  • Wired
  • Wireless

By End-User Industry

  • Chemicals
  • Oil & Gas
  • Consumer Electronics
  • Energy & Power
  • Healthcare
  • Automotive
  • Metals & Mining
  • Food & Beverages
  • Pulp & Paper
  • Advanced Fuel
  • Aerospace & Defense
  • Glass
  • Others

By Region

  • North America
    • US
    • Canada
    • Mexico
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Rest of Asia Pacific
  • RoW
    • South America
    • GCC
    • Rest of the Middle East & Africa

Recent Developments

  • In October 2023, Endress+Hauser Group Services AG and SICK are aiming for a strategic partnership for SICK’s process automation business segment and have signed a joint memorandum of understanding.
  • In February 2023, In order to implement remote monitoring solutions for condition-based maintenance and operational productivity benefits, TE Connectivity partnered with Preddio Technologies.
  • In July 2022, Siemens added new CO2 control and monitoring capabilities to the RDG200 thermostat. There is a model in the RDG200 thermostat series that comes with control features and a CO2 sensor built right in.

Frequently asked questions:

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TABLE OF CONTENTS
 
1 INTRODUCTION (Page No. - 22)
    1.1 STUDY OBJECTIVES 
    1.2 MARKET DEFINITION 
           1.2.1 INCLUSIONS AND EXCLUSIONS
    1.3 STUDY SCOPE 
           1.3.1 MARKETS COVERED
                    FIGURE 1 TEMPERATURE SENSOR MARKET SEGMENTATION
           1.3.2 REGIONAL SCOPE
           1.3.3 YEARS CONSIDERED
           1.3.4 CURRENCY CONSIDERED
           1.3.5 UNIT CONSIDERED
    1.4 LIMITATIONS 
    1.5 STAKEHOLDERS 
    1.6 SUMMARY OF CHANGES 
    1.7 IMPACT OF RECESSION 
 
2 RESEARCH METHODOLOGY (Page No. - 28)
    2.1 RESEARCH DATA 
           FIGURE 2 TEMPERATURE SENSOR MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 List of major secondary sources
                    2.1.1.2 Key data from secondary sources
           2.1.2 PRIMARY DATA
                    2.1.2.1 Key data from primary sources
                    2.1.2.2 Breakdown of primaries
                    2.1.2.3 Key industry insights
                    2.1.2.4 List of primary interview participants
           2.1.3 SECONDARY AND PRIMARY RESEARCH
    2.2 MARKET SIZE ESTIMATION METHODOLOGY 
           2.2.1 BOTTOM-UP APPROACH
                    2.2.1.1 Approach to derive market size using bottom-up approach (demand side)
                               FIGURE 3 TEMPERATURE SENSOR MARKET: BOTTOM-UP APPROACH
           2.2.2 TOP-DOWN APPROACH
                    2.2.2.1 Approach to derive market size using top-down approach (supply side)
                               FIGURE 4 MARKET SIZE ESTIMATION METHODOLOGY
                               FIGURE 5 MARKET: TOP-DOWN APPROACH
    2.3 MARKET BREAKDOWN AND DATA TRIANGULATION 
           FIGURE 6 MARKET: DATA TRIANGULATION
    2.4 RESEARCH ASSUMPTIONS 
           TABLE 1 TEMPERATURE SENSOR MARKET: RESEARCH ASSUMPTIONS
    2.5 PARAMETERS CONSIDERED TO ANALYZE RECESSION IMPACT 
    2.6 RESEARCH LIMITATIONS 
    2.7 RISK ASSESSMENT 
 
3 EXECUTIVE SUMMARY (Page No. - 39)
    FIGURE 7 CONTACT PRODUCT TYPE TO ACCOUNT FOR HIGHER MARKET SHARE IN 2024
    FIGURE 8 DIGITAL OUTPUT TO EXHIBIT HIGHER CAGR IN MARKET FROM 2024 TO 2029
    FIGURE 9 WIRELESS CONNECTIVITY TO HOLD LARGER SHARE OF MARKET IN 2024
    FIGURE 10 CONSUMER ELECTRONICS INDUSTRY TO ACCOUNT FOR LARGEST MARKET SHARE IN 2029
    FIGURE 11 ASIA PACIFIC HELD LARGEST SHARE OF MARKET IN 2023
 
4 PREMIUM INSIGHTS (Page No. - 43)
    4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN TEMPERATURE SENSOR MARKET 
           FIGURE 12 INCREASING DEMAND FOR PORTABLE HEALTHCARE EQUIPMENT TO FUEL MARKET GROWTH
    4.2 TEMPERATURE SENSOR MARKET, BY PRODUCT TYPE 
           FIGURE 13 CONTACT PRODUCT TYPE TO ACCOUNT FOR LARGER MARKET SHARE IN 2029
    4.3 TEMPERATURE SENSOR MARKET IN AISA PACIFIC, BY END-USER INDUSTRY AND COUNTRY 
           FIGURE 14 CONSUMER ELECTRONICS AND CHINA HELD LARGEST SHARES OF ASIA PACIFIC MARKET IN 2023
    4.4 TEMPERATURE SENSOR MARKET, BY COUNTRY 
           FIGURE 15 CHINA TO DOMINATE MARKET DURING FORECAST PERIOD
 
5 MARKET OVERVIEW (Page No. - 46)
    5.1 INTRODUCTION 
    5.2 MARKET DYNAMICS 
           FIGURE 16 TEMPERATURE SENSOR MARKET: DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES
           5.2.1 DRIVERS
                    FIGURE 17 TEMPERATURE SENSOR MARKET: DRIVERS AND THEIR IMPACT
                    5.2.1.1 Surging demand for portable health monitoring systems
                    5.2.1.2 Rising popularity of autonomous vehicles
                               FIGURE 18 AUTOMOTIVE SALES, BY VEHICLE TYPE, 2019–2022 (MILLION UNITS)
                    5.2.1.3 Escalating adoption of Industry 4.0 and IoT technologies
                    5.2.1.4 Increasing need for sensors to control spacecraft remotely
           5.2.2 RESTRAINTS
                    FIGURE 19 TEMPERATURE SENSOR MARKET: RESTRAINTS AND THEIR IMPACT
                    5.2.2.1 Fluctuations in raw material costs
           5.2.3 OPPORTUNITIES
                    FIGURE 20 TEMPERATURE SENSOR MARKET: OPPORTUNITIES AND THEIR IMPACT
                    5.2.3.1 Rising preference for wearable devices
                               FIGURE 21 WEARABLE DEVICE SHIPMENT, 2018 VS. 2022 (MILLION UNITS)
                    5.2.3.2 Increasing consumption of packaged foods
                    5.2.3.3 Mounting investment in IoT research projects
           5.2.4 CHALLENGES
                    FIGURE 22 TEMPERATURE SENSOR MARKET: CHALLENGES AND THEIR IMPACT
                    5.2.4.1 Stringent performance requirements for advanced applications
                    5.2.4.2 Intense price competition among manufacturers
    5.3 VALUE CHAIN ANALYSIS 
           FIGURE 23 TEMPERATURE SENSOR MARKET: VALUE CHAIN ANALYSIS
    5.4 ECOSYSTEM/MARKET MAP 
           TABLE 2 COMPANIES AND THEIR ROLES IN TEMPERATURE SENSOR ECOSYSTEM
    5.5 TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES 
           FIGURE 24 TEMPERATURE SENSOR MARKET: TRENDS/DISRUPTIONS IMPACTING CUSTOMERS’ BUSINESSES
    5.6 PRICING ANALYSIS 
           5.6.1 AVERAGE SELLING PRICE (ASP) TREND, BY PRODUCT TYPE (USD)
                    TABLE 3 AVERAGE SELLING PRICE TREND, BY PRODUCT TYPE (USD)
           5.6.2 AVERAGE SELLING PRICE OF THERMISTORS OFFERED BY TWO KEY PLAYERS (USD)
                    FIGURE 25 AVERAGE SELLING PRICE OF THERMISTORS OFFERED BY TWO KEY PLAYERS (USD)
                    TABLE 4 AVERAGE SELLING PRICE OF THERMISTORS OFFERED BY TWO KEY PLAYERS (USD)
                    FIGURE 26 AVERAGE SELLING PRICE OF TEMPERATURE SENSORS, 2019–2023 (USD)
    5.7 TECHNOLOGY ANALYSIS 
           5.7.1 MEMS TEMPERATURE SENSORS
           5.7.2 MINIATURE FIBER-OPTIC TEMPERATURE SENSORS
    5.8 CASE STUDY ANALYSIS 
           5.8.1 PEAK SENSORS LTD DESIGNS TYPE B THERMOCOUPLES TO ADDRESS ISSUE OF CERAMIC COMPONENT FAILURE
           5.8.2 PYROCONTROLE PROPOSES TEMPERATURE SENSOR ASSEMBLY USING IN-SITU CALIBRATION TECHNOLOGY
           5.8.3 PEAK SENSORS LTD IMPROVES DOUBLE-PRESSURE CONTAINMENT TO EASE DEVELOPMENT OF NOVEL REACTION VESSELS
    5.9 PATENT ANALYSIS 
           FIGURE 27 TEMPERATURE SENSOR MARKET: PATENTS APPLIED AND GRANTED, 2013–2023
           TABLE 5 MARKET: TOP 20 PATENT OWNERS IN LAST 10 YEARS
           TABLE 6 MARKET: LIST OF MAJOR PATENTS
    5.10 TRADE ANALYSIS 
           FIGURE 28 IMPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 902519, BY COUNTRY, 2018–2022 (USD THOUSAND)
           FIGURE 29 EXPORT DATA FOR PRODUCTS COVERED UNDER HS CODE 902519, BY COUNTRY, 2018–2022 (USD THOUSAND)
    5.11 TARIFF ANALYSIS 
           TABLE 7 MFN TARIFF FOR HS CODE 902519-COMPLIANT TEMPERATURE SENSORS EXPORTED BY US
           TABLE 8 MFN TARIFF FOR HS CODE 902519-COMPLIANT TEMPERATURE SENSORS EXPORTED BY CHINA
    5.12 KEY STAKEHOLDERS AND BUYING CRITERIA 
           5.12.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 30 TEMPERATURE SENSOR MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES
                    TABLE 9 MARKET: INFLUENCE OF STAKEHOLDERS ON BUYING PROCESS FOR TOP 3 END-USER INDUSTRIES (%)
           5.12.2 BUYING CRITERIA
                    FIGURE 31 MARKET: KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
                    TABLE 10 MARKET: KEY BUYING CRITERIA FOR TOP 3 END-USER INDUSTRIES
    5.13 PORTER’S FIVE FORCES ANALYSIS 
           FIGURE 32 MARKET: PORTER’S FIVE FORCES ANALYSIS
           TABLE 11 MARKET: PORTER’S FIVE FORCES ANALYSIS
           5.13.1 INTENSITY OF COMPETITIVE RIVALRY
           5.13.2 THREAT OF SUBSTITUTES
           5.13.3 BARGAINING POWER OF BUYERS
           5.13.4 BARGAINING POWER OF SUPPLIERS
           5.13.5 THREAT OF NEW ENTRANTS
    5.14 KEY CONFERENCES AND EVENTS, 2024–2025 
           TABLE 12 TEMPERATURE SENSOR MARKET: LIST OF KEY CONFERENCES AND EVENTS, 2024–2025
    5.15 REGULATORY LANDSCAPE AND STANDARDS 
           5.15.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 13 NORTH AMERICA: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 14 EUROPE: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 15 ASIA PACIFIC: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 16 ROW: LIST OF REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
           5.15.2 STANDARDS
                    TABLE 17 NORTH AMERICA: SAFETY STANDARDS FOR TEMPERATURE SENSORS
                    TABLE 18 EUROPE: SAFETY STANDARDS FOR TEMPERATURE SENSORS
                    TABLE 19 ASIA PACIFIC: SAFETY STANDARDS FOR TEMPERATURE SENSORS
                    TABLE 20 ROW: SAFETY STANDARDS FOR TEMPERATURE SENSORS
 
6 TEMPERATURE SENSOR MATERIALS (Page No. - 77)
    6.1 INTRODUCTION 
           6.1.1 POLYMERS
           6.1.2 CERAMICS
           6.1.3 PLATINUM RESISTANCE TEMPERATURE DETECTORS
           6.1.4 NICKEL CHROMIUM/NICKEL ALUMINUM (CODE K)
           6.1.5 NICKEL CHROMIUM/CONSTANTAN (CODE E)
           6.1.6 IRON/CONSTANTAN (CODE J)
           6.1.7 NICKEL MOLYBDENUM-NICKEL COBALT THERMOCOUPLES (TYPE M)
           6.1.8 NICROSIL/NISIL (CODE N)
           6.1.9 COPPERS/CONSTANTAN (CODE T)
           6.1.10 OTHER TEMPERATURE SENSOR MATERIALS (CODE U)
 
7 TEMPERATURE SENSOR MARKET, BY PRODUCT TYPE (Page No. - 80)
    7.1 INTRODUCTION 
           FIGURE 33 MARKET, BY PRODUCT TYPE
           TABLE 21 MARKET, BY VALUE AND VOLUME, 2020–2023
           TABLE 22 MARKET, BY VALUE AND VOLUME, 2024–2029
           FIGURE 34 NON-CONTACT PRODUCT TYPE TO REGISTER HIGHER CAGR DURING FORECAST PERIOD
           TABLE 23 MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
           TABLE 24 MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
    7.2 CONTACT 
           TABLE 25 CHARACTERISTICS OF DIFFERENT TYPES OF CONTACT TEMPERATURE SENSORS
           TABLE 26 CONTACT: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
           TABLE 27 CONTACT: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
           7.2.1 BIMETALLIC TEMPERATURE SENSORS
                    7.2.1.1 Use of bimetallic devices in industrial temperature measurement systems to foster segmental growth
           7.2.2 THERMOCOUPLES
                    7.2.2.1 Installation of thermocouples in steel and iron manufacturing units for temperature monitoring to drive market
           7.2.3 RESISTIVE TEMPERATURE DETECTORS
                    7.2.3.1 High corrosion resistance to boost adoption of resistive temperature detectors in industrial applications
           7.2.4 THERMISTORS
                    7.2.4.1 Low cost and quick response to changes in temperature to contribute to segmental growth
           7.2.5 TEMPERATURE SENSOR ICS
                    7.2.5.1 Small-sized and low-cost attributes to accelerate demand for temperature sensor ICs
    7.3 NON-CONTACT 
           TABLE 28 NON-CONTACT: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
           TABLE 29 NON-CONTACT: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
           7.3.1 INFRARED TEMPERATURE SENSORS
                    7.3.1.1 Adoption of infrared sensors to detect hazardous activities in chemical facilities to fuel segmental growth
           7.3.2 FIBER-OPTIC TEMPERATURE SENSORS
                    7.3.2.1 Intrinsic safety and high-temperature operating capability to boost segmental growth
 
8 TEMPERATURE SENSOR MARKET, BY OUTPUT (Page No. - 89)
    8.1 INTRODUCTION 
           FIGURE 35 MARKET, BY OUTPUT
           FIGURE 36 DIGITAL OUTPUT TO DOMINATE MARKET FROM 2024 TO 2028
           TABLE 30 MARKET, BY OUTPUT, 2020–2023 (USD MILLION)
           TABLE 31 MARKET, BY OUTPUT, 2024–2029 (USD MILLION)
    8.2 ANALOG 
           8.2.1 EASE-OF-USE AND LOW-COST ATTRIBUTES TO AUGMENT SEGMENTAL GROWTH
    8.3 DIGITAL 
           8.3.1 RISING ADOPTION OF DIGITAL TEMPERATURE SENSORS IN REMOTE APPLICATIONS TO PROPEL MARKET
           8.3.2 SINGLE-CHANNEL DIGITAL TEMPERATURE SENSORS
           8.3.3 MULTI-CHANNEL DIGITAL TEMPERATURE SENSORS
 
9 TEMPERATURE SENSOR MARKET, BY CONNECTIVITY (Page No. - 93)
    9.1 INTRODUCTION 
           FIGURE 37 MARKET, BY CONNECTIVITY
           FIGURE 38 WIRED CONNECTIVITY TO DOMINATE MARKET BETWEEN 2024 AND 2029
           TABLE 32 MARKET, BY CONNECTIVITY, 2020–2023 (USD MILLION)
           TABLE 33 MARKET, BY CONNECTIVITY, 2024–2029 (USD MILLION)
    9.2 WIRELESS 
           9.2.1 INCREASING DEVELOPMENT OF SENSORS WITH IN-BUILT EDGE AI AND MESH CONNECTIVITY TO ACCELERATE SEGMENTAL GROWTH
    9.3 WIRED 
           9.3.1 HIGH ACCURACY AND LOW COST OF WIRED TEMPERATURE SENSORS TO DRIVE MARKET
 
10 TEMPERATURE SENSOR MARKET, BY END-USER INDUSTRY (Page No. - 97)
     10.1 INTRODUCTION 
             FIGURE 39 MARKET, BY END-USER INDUSTRY
             FIGURE 40 CONSUMER ELECTRONICS INDUSTRY TO EXHIBIT HIGHEST CAGR IN MARKET DURING FORECAST PERIOD
             TABLE 34 MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 35 MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
     10.2 CHEMICALS 
             10.2.1 DEPLOYMENT OF AUTOMATION AND PROCESS CONTROL TECHNOLOGIES IN CHEMICAL PLANTS TO BOOST SEGMENTAL GROWTH
                        TABLE 36 CHEMICALS: MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 37 CHEMICALS: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.3 OIL & GAS 
             10.3.1 NEED FOR EARLY DETECTION OF POTENTIAL HAZARDS IN OIL & GAS FACILITIES TO DRIVE MARKET
                        TABLE 38 OIL & GAS: TEMPERATURE SENSOR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 39 OIL & GAS: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.4 CONSUMER ELECTRONICS 
             10.4.1 ADOPTION OF TEMPERATURE SENSOR ICS TO REMOTELY REPORT TEMPERATURES OF CONSUMER ELECTRICS TO PROPEL MARKET
                        TABLE 40 CONSUMER ELECTRONICS: MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 41 CONSUMER ELECTRONICS: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.5 ENERGY & POWER 
             10.5.1 PREFERENCE FOR RENEWABLE ENERGY GENERATION TO CONTRIBUTE TO SEGMENTAL GROWTH
                        TABLE 42 ENERGY & POWER: MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 43 ENERGY & POWER: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.6 HEALTHCARE 
             10.6.1 REQUIREMENT FOR SENSORS IN MEDICAL DEVICES TO CAPTURE REM-TIME DATA TO ACCELERATE SEGMENTAL GROWTH
                        TABLE 44 HEALTHCARE: MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 45 HEALTHCARE: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.7 AUTOMOTIVE 
             10.7.1 NEED TO MEASURE EXHAUST GAS TEMPERATURE FOR AUTOMOBILE’S ELECTRONIC CONTROL UNIT TO PROPEL MARKET
                        TABLE 46 AUTOMOTIVE: TEMPERATURE SENSOR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 47 AUTOMOTIVE: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.8 METALS & MINING 
             10.8.1 RELIANCE ON SENSORS FOR MINERAL EXTRACTION, REFINING, AND ENGINE MONITORING TO BOOST SEGMENTAL GROWTH
                        TABLE 48 METALS & MINING: MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 49 METALS & MINING: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.9 FOOD & BEVERAGES 
             10.9.1 DEPLOYMENT OF TEMPERATURE MONITORING AND CONTROL DEVICES TO MAINTAIN QUALITY OF FOODS & BEVERAGES TO PROPEL MARKET
                        TABLE 50 FOOD & BEVERAGES: MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 51 FOOD & BEVERAGES: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.10 PULP & PAPER 
             10.10.1 USE OF HIGH-TEMPERATURE SENSORS IN CHEMICAL PULPING PROCESSES TO FOSTER SEGMENTAL GROWTH
                        TABLE 52 PULP & PAPER: TEMPERATURE SENSOR MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 53 PULP & PAPER: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.11 AEROSPACE & DEFENSE 
             10.11.1 ADOPTION OF SENSORS TO PRECISELY MEASURE AIRCRAFT TEMPERATURE TO AUGMENT MARKET GROWTH
                        TABLE 54 AEROSPACE & DEFENSE: MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 55 AEROSPACE & DEFENSE: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.12 GLASS 
             10.12.1 USE OF INFRARED SENSORS TO MEASURE FURNACE TEMPERATURE TO DRIVE MARKET
                        TABLE 56 GLASS: MARKET, BY REGION, 2020–2023 (USD MILLION)
                        TABLE 57 GLASS: MARKET, BY REGION, 2024–2029 (USD MILLION)
     10.13 OTHER END-USER INDUSTRIES 
             TABLE 58 OTHER END-USER INDUSTRIES: MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 59 OTHER END-USER INDUSTRIES: MARKET, BY REGION, 2024–2029 (USD MILLION)
 
11 TEMPERATURE SENSOR MARKET, BY REGION (Page No. - 113)
     11.1 INTRODUCTION 
             FIGURE 41 TEMPERATURE SENSOR MARKET, BY REGION
             FIGURE 42 ASIA PACIFIC TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
             TABLE 60 MARKET, BY REGION, 2020–2023 (USD MILLION)
             TABLE 61 MARKET, BY REGION, 2024–2029 (USD MILLION)
     11.2 NORTH AMERICA 
             FIGURE 43 NORTH AMERICA: MARKET SNAPSHOT
             TABLE 62 NORTH AMERICA: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 63 NORTH AMERICA: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             TABLE 64 NORTH AMERICA: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
             TABLE 65 NORTH AMERICA: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
             TABLE 66 NORTH AMERICA: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 67 NORTH AMERICA: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.2.1 US
                        11.2.1.1 Increasing adoption of smart home devices to contribute to market growth
                                     TABLE 68 US: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 69 US: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.2.2 CANADA
                        11.2.2.1 Rising production of heavy machinery and electronic devices to fuel market growth
                                     TABLE 70 CANADA: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 71 CANADA: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.2.3 MEXICO
                        11.2.3.1 Growing access to healthcare services to drive market
                                     TABLE 72 MEXICO: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 73 MEXICO: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.2.4 RECESSION IMPACT ON MARKET IN NORTH AMERICA
     11.3 EUROPE 
             FIGURE 44 EUROPE: TEMPERATURE SENSOR MARKET SNAPSHOT
             TABLE 74 EUROPE: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 75 EUROPE: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             TABLE 76 EUROPE: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
             TABLE 77 EUROPE: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
             TABLE 78 EUROPE: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 79 EUROPE: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.3.1 UK
                        11.3.1.1 Thriving high-end consumer electronics industry to foster market growth
                                     TABLE 80 UK: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 81 UK: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.3.2 GERMANY
                        11.3.2.1 Rising implementation of industry 4.0 to digitalize manufacturing operations to propel market
                                     TABLE 82 GERMANY: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 83 GERMANY: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.3.3 FRANCE
                        11.3.3.1 Increasing focus on electricity generation using recycled nuclear fuels to accelerate market growth
                                     TABLE 84 FRANCE: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 85 FRANCE: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.3.4 REST OF EUROPE
                        TABLE 86 REST OF EUROPE: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                        TABLE 87 REST OF EUROPE: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.3.5 RECESSION IMPACT ON MARKET IN EUROPE
     11.4 ASIA PACIFIC 
             FIGURE 45 ASIA PACIFIC: TEMPERATURE SENSOR MARKET SNAPSHOT
             TABLE 88 ASIA PACIFIC: MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 89 ASIA PACIFIC: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             TABLE 90 ASIA PACIFIC: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
             TABLE 91 ASIA PACIFIC: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
             TABLE 92 ASIA PACIFIC: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 93 ASIA PACIFIC: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.4.1 CHINA
                        11.4.1.1 Rapid industrialization to drive market
                                     TABLE 94 CHINA: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 95 CHINA: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.4.2 JAPAN
                        11.4.2.1 Heightened demand for home automation systems to boost market growth
                                     TABLE 96 JAPAN: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 97 JAPAN: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.4.3 SOUTH KOREA
                        11.4.3.1 Increased funds for semiconductor manufacturing to augment market growth
                                     TABLE 98 SOUTH KOREA: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 99 SOUTH KOREA: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.4.4 INDIA
                        11.4.4.1 Expansion of oil refineries to contribute to market growth
                                     TABLE 100 INDIA: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 101 INDIA: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.4.5 REST OF ASIA PACIFIC
                        TABLE 102 REST OF ASIA PACIFIC: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                        TABLE 103 REST OF ASIA PACIFIC: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.4.6 RECESSION IMPACT ON MARKET IN ASIA PACIFIC
     11.5 ROW 
             TABLE 104 ROW: TEMPERATURE SENSOR MARKET, BY COUNTRY, 2020–2023 (USD MILLION)
             TABLE 105 ROW: MARKET, BY COUNTRY, 2024–2029 (USD MILLION)
             TABLE 106 ROW: MARKET, BY PRODUCT TYPE, 2020–2023 (USD MILLION)
             TABLE 107 ROW: MARKET, BY PRODUCT TYPE, 2024–2029 (USD MILLION)
             TABLE 108 ROW: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
             TABLE 109 ROW: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.5.1 SOUTH AMERICA
                        11.5.1.1 Rise in electronics manufacturing to fuel market growth
                                     TABLE 110 SOUTH AMERICA: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 111 SOUTH AMERICA: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.5.2 GCC
                        11.5.2.1 Rapid digital transformation of oil & gas sector to drive market
                                     TABLE 112 GCC: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                                     TABLE 113 GCC: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
             11.5.3 REST OF MIDDLE EAST & AFRICA
                        TABLE 114 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USER INDUSTRY, 2020–2023 (USD MILLION)
                        TABLE 115 REST OF MIDDLE EAST & AFRICA: MARKET, BY END-USER INDUSTRY, 2024–2029 (USD MILLION)
 
12 COMPETITIVE LANDSCAPE (Page No. - 153)
     12.1 OVERVIEW 
     12.2 STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023 
             TABLE 116 TEMPERATURE SENSOR MARKET: OVERVIEW OF STRATEGIES ADOPTED BY KEY PLAYERS, 2019–2023
             12.2.1 PRODUCT PORTFOLIO EXPANSION
             12.2.2 REGIONAL FOOTPRINT EXPANSION
             12.2.3 ORGANIC/INORGANIC GROWTH
     12.3 MARKET SHARE ANALYSIS, 2022 
             FIGURE 46 MARKET SHARE ANALYSIS OF TOP 5 PLAYERS, 2022
             TABLE 117 TEMPERATURE SENSOR MARKET SHARE ANALYSIS, 2021
     12.4 REVENUE ANALYSIS, 2018–2022 
             FIGURE 47 REVENUE ANALYSIS OF TOP 5 PLAYERS, 2020–2022
     12.5 COMPANY EVALUATION MATRIX, 2022 
             12.5.1 STARS
             12.5.2 EMERGING LEADERS
             12.5.3 PERVASIVE PLAYERS
             12.5.4 PARTICIPANTS
             12.5.5 COMPANY FOOTPRINT
                        TABLE 118 COMPANY OVERALL FOOTPRINT
                        TABLE 119 COMPANY PRODUCT TYPE FOOTPRINT
                        TABLE 120 COMPANY END-USER INDUSTRY FOOTPRINT
                        TABLE 121 COMPANY REGION FOOTPRINT
                        FIGURE 48 TEMPERATURE SENSOR MARKET: COMPANY EVALUATION MATRIX, 2022
     12.6 START-UP/SMALL- AND MEDIUM-SIZED ENTERPRISE (SME) EVALUATION MATRIX, 2022 
             12.6.1 PROGRESSIVE COMPANIES
             12.6.2 RESPONSIVE COMPANIES
             12.6.3 DYNAMIC COMPANIES
             12.6.4 STARTING BLOCKS
             12.6.5 COMPETITIVE BENCHMARKING
                        TABLE 122 MARKET: LIST OF KEY START-UPS/SMES
                        TABLE 123 MARKET: COMPETITIVE BENCHMARKING OF KEY START-UPS/SMES
                        FIGURE 49 MARKET: START-UP/SME EVALUATION MATRIX, 2022
     12.7 COMPETITIVE SCENARIOS AND TRENDS 
             12.7.1 PRODUCT LAUNCHES
                        TABLE 124 TEMPERATURE SENSOR MARKET: PRODUCT LAUNCHES, 2020–2023
             12.7.2 DEALS
                        TABLE 125 TEMPERATURE SENSOR MARKET: DEALS, 2020–2023
             12.7.3 OTHERS
                        TABLE 126 TEMPERATURE SENSOR MARKET: OTHERS, 2020–2023
 
13 COMPANY PROFILES (Page No. - 171)
(Business overview, Products/Solutions/Services offered, Recent developments & MnM View)*  
     13.1 KEY PLAYERS 
             13.1.1 HONEYWELL INTERNATIONAL INC.
                        TABLE 127 HONEYWELL INTERNATIONAL INC.: COMPANY OVERVIEW
                        FIGURE 50 HONEYWELL INTERNATIONAL INC.: COMPANY SNAPSHOT
                        TABLE 128 HONEYWELL INTERNATIONAL INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 129 HONEYWELL INTERNATIONAL INC.: PRODUCT LAUNCHES
                        TABLE 130 HONEYWELL INTERNATIONAL INC.: DEALS
             13.1.2 TE CONNECTIVITY
                        TABLE 131 TE CONNECTIVITY: COMPANY OVERVIEW
                        FIGURE 51 TE CONNECTIVITY: COMPANY SNAPSHOT
                        TABLE 132 TE CONNECTIVITY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 133 TE CONNECTIVITY: DEALS
             13.1.3 TEXAS INSTRUMENTS INCORPORATED
                        TABLE 134 TEXAS INSTRUMENTS INCORPORATED: COMPANY OVERVIEW
                        FIGURE 52 TEXAS INSTRUMENTS INCORPORATED: COMPANY SNAPSHOT
                        TABLE 135 TEXAS INSTRUMENTS INCORPORATED: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 136 TEXAS INSTRUMENTS INCORPORATED: PRODUCT LAUNCHES
             13.1.4 ENDRESS+HAUSER GROUP SERVICES AG
                        TABLE 137 ENDRESS+HAUSER GROUP SERVICES AG: COMPANY OVERVIEW
                        FIGURE 53 ENDRESS+HAUSER GROUP SERVICES AG: COMPANY SNAPSHOT
                        TABLE 138 ENDRESS+HAUSER GROUP SERVICES AG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 139 ENDRESS+HAUSER GROUP SERVICES AG: PRODUCT LAUNCHES
                        TABLE 140 ENDRESS+HAUSER GROUP SERVICES AG: DEALS
                        TABLE 141 ENDRESS+HAUSER GROUP SERVICES AG: OTHERS
             13.1.5 SIEMENS
                        TABLE 142 SIEMENS: COMPANY OVERVIEW
                        FIGURE 54 SIEMENS: COMPANY SNAPSHOT
                        TABLE 143 SIEMENS: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 144 SIEMENS: PRODUCT LAUNCHES
                        TABLE 145 SIEMENS: DEALS
             13.1.6 EMERSON ELECTRIC CO.
                        TABLE 146 EMERSON ELECTRIC CO.: COMPANY OVERVIEW
                        FIGURE 55 EMERSON ELECTRIC CO.: COMPANY SNAPSHOT
                        TABLE 147 EMERSON ELECTRIC CO.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 148 EMERSON ELECTRIC CO.: OTHERS
             13.1.7 ANALOG DEVICES, INC.
                        TABLE 149 ANALOG DEVICES, INC.: COMPANY OVERVIEW
                        FIGURE 56 ANALOG DEVICES, INC.: COMPANY SNAPSHOT
                        TABLE 150 ANALOG DEVICES, INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 151 ANALOG DEVICES, INC.: DEALS
                        TABLE 152 ANALOG DEVICES, INC.: OTHERS
             13.1.8 AMPHENOL CORPORATION
                        TABLE 153 AMPHENOL CORPORATION: COMPANY OVERVIEW
                        FIGURE 57 AMPHENOL CORPORATION: COMPANY SNAPSHOT
                        TABLE 154 AMPHENOL CORPORATION: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 155 AMPHENOL CORPORATION: DEALS
                        TABLE 156 AMPHENOL CORPORATION: OTHERS
             13.1.9 WIKA ALEXANDER WIEGAND SE & CO. KG
                        TABLE 157 WIKA ALEXANDER WIEGAND SE & CO. KG: COMPANY OVERVIEW
                        TABLE 158 WIKA ALEXANDER WIEGAND SE & CO. KG: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                        TABLE 159 WIKA ALEXANDER WIEGAND SE & CO. KG: OTHERS
             13.1.10 MICROCHIP TECHNOLOGY INC.
                        TABLE 160 MICROCHIP TECHNOLOGY INC.: COMPANY OVERVIEW
                        FIGURE 58 MICROCHIP TECHNOLOGY INC: COMPANY SNAPSHOT
                        TABLE 161 MICROCHIP TECHNOLOGY INC.: PRODUCTS/SOLUTIONS/SERVICES OFFERED
*Details on Business overview, Products/Solutions/Services offered, Recent developments & MnM View might not be captured in case of unlisted companies.  
     13.2 OTHER PLAYERS 
             13.2.1 STMICROELECTRONICS
             13.2.2 NXP SEMICONDUCTORS
             13.2.3 OMEGA ENGINEERING, INC.
             13.2.4 YOKOGAWA ELECTRIC CORPORATION
             13.2.5 MURATA MANUFACTURING CO., LTD.
             13.2.6 IFM ELECTRONIC GMBH
             13.2.7 DWYER INSTRUMENTS, LLC.
             13.2.8 VISHAY INTERTECHNOLOGY, INC.
             13.2.9 PANASONIC CORPORATION
             13.2.10 DENSO CORPORATION
             13.2.11 KONGSBERG MARITIME
             13.2.12 AMETEK, INC.
             13.2.13 AMS-OSRAM AG
             13.2.14 FLIR SYSTEMS, INC.
             13.2.15 PYROMATION
 
14 APPENDIX (Page No. - 226)
     14.1 INSIGHT FROM INDUSTRY EXPERTS 
     14.2 DISCUSSION GUIDE 
     14.3 KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL 
     14.4 CUSTOMIZATION OPTIONS 
     14.5 RELATED REPORTS 
     14.6 AUTHOR DETAILS 
 

The research process for this study included systematic gathering, recording, and analysis of data about customers and companies operating in the temperature sensor market. This process involved the extensive use of secondary sources, directories, and databases (Factiva, Oanda, and OneSource) for identifying and collecting valuable information for the comprehensive, technical, market-oriented, and commercial study of the temperature sensor market. In-depth interviews were conducted with primary respondents, including experts from core and related industries and preferred manufacturers, to obtain and verify critical qualitative and quantitative information as well as to assess growth prospects. Key players in the temperature sensor market were identified through secondary research, and their market rankings were determined through primary and secondary research. This research included studying annual reports of top players and interviewing key industry experts such as CEOs, directors, and marketing executives.

Secondary research

In the secondary research process, various secondary sources were referred to for identifying and collecting information important for this study. Secondary sources included corporate filings, such as annual reports, investor presentations, and financial statements; trade, business, and professional associations; white papers, temperature sensor products-related journals, certified publications; articles by recognized authors; directories; and databases.

Secondary research was conducted to obtain key information about the industry supply chain, market value chain, key players, market classification and segmentation as per industry trends to the bottom-most level, geographic markets, and key developments from both market- and technology-oriented perspectives. Data from secondary research was collected and analyzed to determine the overall market size, which was further validated by primary research.

Primary research

In the primary research process, various primary sources from the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. Primary sources from the supply side included industry experts such as CEOs, VPs, marketing directors, technology & innovation directors, and key executives from major companies in the temperature sensor market.

After going through market engineering (which includes calculations for market statistics, market breakdown, market size estimations, market forecasting, and data triangulation), extensive primary research was conducted to gather information and verify and validate the critical numbers obtained. Primary research was conducted to identify segmentation types, industry trends, key players, competitive landscape, and key market dynamics such as drivers, restraints, opportunities, and challenges, along with the key strategies adopted by players operating in the market.

Temperature Sensor Market
 Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market size estimation

In the complete market engineering process, both top-down and bottom-up approaches were used, along with several data triangulation methods, to estimate and forecast the size of the market and its segments and subsegments listed in the report. Extensive qualitative and quantitative analyses were carried out on the complete market engineering process to list the key information/insights pertaining to the temperature sensor market.

The key players in the market were identified through secondary research, and their rankings in the respective regions were determined through primary and secondary research. This entire procedure involved the study of the annual and financial reports of top players, as well as interviews with industry experts such as chief executive officers, vice presidents, directors, and marketing executives for quantitative and qualitative key insights. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All parameters that affect the markets covered in this research study were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and enhanced with detailed inputs and analysis from MarketsandMarkets and presented in this report.

Temperature Sensor Market: Bottom-up Approach

Temperature Sensor Market
 Size, and Bottom-up Approach

Temperature Sensor Market: Top-down Approach

Temperature Sensor Market
 Size, and Top-down Approach

Data triangulation

After arriving at the overall size of the temperature sensor market from the market size estimation process explained above, the total market was split into several segments and subsegments. Where applicable, the market breakdown and data triangulation procedures were employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data was triangulated by studying various factors and trends from both the demand and supply sides. Along with this, the market size was validated using top-down and bottom-up approaches.

Market Definition

A temperature sensor is a device that measures the degree of heat of a substance or its surroundings. Temperature sensors can be broadly classified into two main categories: contact and non-contact sensors.

Contact sensors: In these types of temperature sensors, physical contact with the object being sensed is required. These sensors work based on the principle of conduction to monitor temperature changes. They can be used to detect the temperature of solids, liquids, or gasses over a wide range. Major types of contact sensors are thermocouples, temperature sensor ICs, thermistors, and resistive temperature detectors (RTDs).

Non-contact sensors: These types of temperature sensors work on the principles of convection and radiation to monitor temperature changes. They detect the thermal radiation being transmitted from an object in the form of infrared radiation. The major types of non-contact sensors are infrared and optical sensors.

Key Stakeholders

  • Raw material suppliers for system manufacturing
  • Chemical Manufacturing Companies
  • Oil & Gas Companies
  • Energy & Power Generation Companies
  • Consumer Electronics Manufacturers
  • Food & Beverages Companies
  • Healthcare Companies
  • Automotive Manufacturers
  • Aerospace & Defense Manufacturers
  • Providers of Advanced Fuels
  • Metals & Mining Companies
  • Glass Manufacturers
  • Pulp & Paper Companies
  • Temperature Sensor Providers
  • Engineering and Manufacturing Companies

Report Objectives

  • To define, describe, and forecast the temperature sensor market based on product type, output, connectivity, end-user industry, and region
  • To forecast the sizes of various segments with respect to four major regions—
    North America, Europe, Asia Pacific, and RoW (Rest of the World)
  • To provide a detailed analysis of the temperature sensor supply chain
  • To analyze the impact of the recession on the temperature sensor market
  • To strategically analyze the micro markets with respect to individual growth trends and prospects and their contributions to the overall market
  • To analyze competitive developments, such as expansions, agreements, partnerships, acquisitions, product developments, and research and development (R&D), in the temperature sensor market
  • To analyze the opportunities for market players and provide details of the competitive landscape of the market
  • To benchmark the market players using the proprietary, company evaluation matrix framework, which analyzes the market players on various parameters within the broad categories of business strategy excellence and strength of product portfolios
  • To strategically profile the key players and comprehensively analyze their market positions in terms of ranking and core competencies, along with a detailed competitive landscape of the market.

Available customizations

With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies.

Product analysis

  • Detailed analysis and profiling of additional market players

The following customization options are available for the report:

  • Market sizing and forecast for additional countries
  • Additional five companies profiling
Custom Market Research Services

We will customize the research for you, in case the report listed above does not meet with your exact requirements. Our custom research will comprehensively cover the business information you require to help you arrive at strategic and profitable business decisions.

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Report Code
SE 2914
Published ON
Jan, 2024
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