Asia Pacific Temperature Sensor Market by Connectivity (Wired, Wireless), Contact Type (Thermocouple, Thermistors, Resistive Temperature Detectors), Non-contact Type (Infrared Temperature, Fiber Optic), & Output (Digital, Analog) - Forecast to 2030

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USD 4.51 BN
MARKET SIZE, 2030
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CAGR 4.7%
(2025-2030)
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200
REPORT PAGES
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100
MARKET TABLES

OVERVIEW

Asia Pacific Temperature Sensor Market Overview

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

The Asia Pacific temperature sensor market is projected to grow from USD 3.58 billion in 2025 to USD 4.51 billion by 2030, registering a CAGR of 4.7%. 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 temperature sensor market. Moreover, China is witnessing rapid economic development. Emerging technologies in China have facilitated the development of numerous consumer electronics, medical equipment, telecom and communication devices, and automobiles. With the launch of 5G services in the country, the demand for smartphones has been increasing. The increasing trend of advanced technologies drives the semiconductor market, thereby increasing the need for temperature sensors in the region.

KEY TAKEAWAYS

  • BY COUNTRY
    China is estimated to dominate the Asia Pacific temperature sensor market with a share of 48.9% in 2025.
  • BY PRODUCT TYPE
    By product type, the contact temperature sensor segment accounted for the largest market share of 85.5% in 2024.
  • BY CONNECTIVITY
    By connectivity, the wireless segment is projected to grow at the highest CAGR during the forecast period.
  • By Output
    By output, the digital segment is projected to grow at the highest CAGR during the forecast period.
  • BY END-USE INDUSTRY
    By end-use industry, consumer electronics is expected to account for a 14.7% share of the Asia Pacific temperature sensor market in 2025.
  • Competitive Landscape
    Texas Instruments, Inc. and Honeywell International, Inc., among others, were identified as star players in the Asia Pacific temperature sensor market, due to their strong market share and extensive product footprint.
  • Competitive Landscape
    FLIR Systems, Inc. and Pyromation, among others, have distinguished themselves among startups and SMEs by securing strong footholds in specialized niche areas, underscoring their potential as emerging market leaders.

Rapid industrialization, increasing electric vehicle EV) adoption, the implementation of Industry 4.0, and the development of smart cities are all driving the demand for precise thermal monitoring. This is essential for improving the safety, efficiency, and reliability of systems. Additionally, growing investments in healthcare devices, renewable energy, and HVAC infrastructure are expanding the application scope, thereby driving the temperature sensor market in the Asia Pacific region.

TRENDS & DISRUPTIONS IMPACTING CUSTOMERS' CUSTOMERS

The Asia Pacific temperature sensor market is undergoing a transformative shift driven by a growing demand for advanced, multi-functional systems. Key innovation hotspots, such as industrial automation, healthcare automation, and smart wearables, are reshaping the future revenue mix. These advancements directly influence industries, including consumer electronics, healthcare, and others, ultimately leading to measurable shifts in client revenues.

Asia Pacific Temperature Sensor Market Disruptions

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

MARKET DYNAMICS

Drivers
Impact
Level
  • Rising adoption of Industry 4.0 and IoT technologies
  • Increasing need for sensors to control spacecraft remotely
RESTRAINTS
Impact
Level
  • Fluctuations in raw material costs
OPPORTUNITIES
Impact
Level
  • Rising investments in IoT research projects
  • Increasing preference for wearable devices
CHALLENGES
Impact
Level
  • Stringent performance requirements for advanced applications
  • Intense price competition among manufacturers

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Driver: Increasing need for sensors to control spacecraft remotely

Sensors for spacecraft must distinguish between payload sensors and sensors that control the function of the satellite platform and payload. Remote sensing payloads use electromagnetic techniques for information acquisition. Different types of sensors operate in different ranges of the electromagnetic spectrum.

Restraint: Fluctuations in raw material costs

Fluctuations in these raw material prices are attributed to continuing global economic growth in emerging economies, trade tariffs, increases in global demand, natural disasters, wars, and other political events, and the volatility in foreign currency exchange rates.

Opportunity: Rising investments in IoT research projects

Governments worldwide are supporting and funding IoT-related innovations, as the government sector is likely to be one of the largest potential customers of IoT. Governments are also funding new IoT research projects to develop smart cities. This support is expected to play a crucial role in the growth of the IoT in the next few years.

Challenge: Stringent performance requirements for advanced applications

Temperature measurement is essential in nearly every process, resulting in widespread use of sensors in the market. However, low-priced sensors face challenges with volume discounting. To maintain market demand, it is crucial to ensure high precision, ease of integration, and strong competency.

Asia Pacific Temperature Sensor Market: COMMERCIAL USE CASES ACROSS INDUSTRIES

COMPANY USE CASE DESCRIPTION BENEFITS
Honeywell’s temperature sensors are deployed across aerospace, automotive, and industrial automation sectors for precise thermal monitoring, HVAC control, and energy management. Enhances operational reliability, reduces maintenance downtime, and optimizes energy efficiency through advanced thermal control and diagnostics.
Texas Instruments Incorporated's analog and digital temperature sensing ICs are used in data centers, EV battery management, and consumer electronics for compact, energy-efficient thermal monitoring. Enables high-accuracy thermal control, improved device safety, and faster product design cycles through scalable sensor integration.
TE Connectivity Ltd.'s temperature sensors support automotive, industrial, and medical applications, including EV charging systems, HVAC, and patient monitoring devices. Improves system performance and product safety, ensuring temperature stability and compliance with automotive and medical-grade standards.
Endress+Hauser’s industrial-grade temperature sensors and transmitters are used in process automation for oil & gas, chemical, and food & beverage sectors. Enhances process efficiency, ensures product quality, and minimizes operational risks through precise and real-time temperature monitoring.
Siemens integrates temperature sensors into its automation and building management systems for predictive maintenance and energy optimization. Enables smart infrastructure and efficient energy utilization through IoT-enabled monitoring and predictive analytics.

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET ECOSYSTEM

In the component and solution providers sector, key players such as Honeywell International Inc. (US) and Texas Instruments Incorporated (US) play a crucial role in enhancing the upstream landscape. On the distribution side, companies like DigiKey (US) and Mouser Electronics (US) serve as essential channels for product availability and accessibility. Additionally, the end-use segment includes significant temperature sensor adopters such as Johnson & Johnson Services, Inc. (US) and Reynolds Group Ltd. (New Zealand), providing a more comprehensive overview of the industry landscape.

Asia Pacific Temperature Sensor Market Ecosystem

Logos and trademarks shown above are the property of their respective owners. Their use here is for informational and illustrative purposes only.

MARKET SEGMENTS

Asia Pacific Temperature Sensor Market Segments

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

Asia Pacific Temperature Sensor Market, by Product Type

By product type, the contact type segment accounted for the largest share in the Asia Pacific temperature sensor market in 2024, and it is expected to continue dominating the market during the forecast period.

Asia Pacific Temperature Sensor Market, by Connectivity

By connectivity, the wireless segment accounted for the largest market share in 2024, driven by the increasing demand for industrial automation and a rise in the need for miniaturized consumer devices across regions, including wearables and IoT-connected devices. Additionally, the increasing development of temperature sensors by various manufacturers is creating an opportunity for the market.

Asia Pacific Temperature Sensor Market, by End-user Industry

By end-user industry, the consumer electronics segment is expected to grow at the highest CAGR during the forecast period. The increasing use of temperature sensors in smartphones, PCs, laptops, tablets, and other smart home appliances, including smart refrigerators, is expected to contribute to the market growth. This growth in the consumer electronics industry presents a huge opportunity for innovative and power-efficient temperature sensors. The market for temperature sensors in electrical and electronic applications is expected to grow with the introduction of new and innovative technologies.

REGION

India to be fastest-growing country in Asia Pacific temperature sensor market during forecast period

The Asia Pacific comprises major countries such as China, Japan, India, South Korea, and the Rest of Asia Pacific. The Asia Pacific temperature sensor market is witnessing strong growth driven by rapid industrialization, expansion of consumer electronics manufacturing, and accelerating adoption of smart devices across China, Japan, South Korea, and India. The region’s large-scale production of smartphones, wearables, home appliances, and automotive electronics creates a sustained demand pull for high-accuracy thermal sensing solutions. Growing investments in electric vehicles, battery management systems, and power electronics further boost the need for advanced temperature sensors to ensure safety, efficiency, and thermal stability. Additionally, rising penetration of IoT devices, smart factories, and HVAC automation, supported by government-led digitalization and energy-efficiency initiatives, is driving the shift toward digital and MEMS-based temperature sensing technologies.

Asia Pacific Temperature Sensor Market Region

Asia Pacific Temperature Sensor Market: COMPANY EVALUATION MATRIX

In the Asia Pacific temperature sensor market matrix, Texas Instruments Incorporated (Star) leads with a strong global presence and a comprehensive temperature sensor portfolio. Analog Devices, Inc. (Emerging Leader) is rapidly expanding its footprint through strong adoption in various sectors.

Asia Pacific Temperature Sensor Market Evaluation Metrics

Source: Secondary Research, Interviews with Experts, MarketsandMarkets Analysis

KEY MARKET PLAYERS

MARKET SCOPE

REPORT METRIC DETAILS
Market Size in 2024 (Value) USD 3.41 Billion
Market Forecast in 2030 (Value) USD 4.51 Billion
Growth Rate CAGR of 4.7% from 2025–2030
Years Considered 2021–2030
Base Year 2024
Forecast Period 2025–2030
Units Considered Value (USD Billion), Volume (Million Units)
Report Coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends.
Segments Covered
  • By Product Type:
    • Contact Temperature Sensors
    • Non-contact Temperature Sensors
  • By Output:
    • Digital
    • Analog
  • By Connectivity:
    • Wired
    • Wireless
  • By End-user Industry:
    • Chemicals
    • Oil & Gas
    • Consumer Electronics
    • Energy & Power
    • Healthcare
    • Automotive
    • Metal & Mining
    • Food & Beverage
    • Pulp & Paper
    • Aerospace & Defense
    • Glass
    • Other End-user Industries
Countries Covered China, Japan, India, South Korea, and Rest of Asia Pacific

WHAT IS IN IT FOR YOU: Asia Pacific Temperature Sensor Market REPORT CONTENT GUIDE

Asia Pacific Temperature Sensor Market Content Guide

DELIVERED CUSTOMIZATIONS

We have successfully delivered the following deep-dive customizations:

CLIENT REQUEST CUSTOMIZATION DELIVERED VALUE ADDS
Asia Pacific Electronics Manufacturer
  • Market benchmarking of temperature sensors across Asia Pacific consumer electronics, industrial automation, and EV supply chains
  • Assessment of locally manufactured vs. imported sensors
  • Evaluation of miniaturized and digital sensor adoption in Asia Pacific smartphones, wearables, and smart-home devices
  • Optimized sourcing strategy leveraging Asia Pacific’s cost-efficient sensor supply chain
  • Improved compliance with region-specific quality and safety standards
  • Strategic insights to capture high-growth opportunities in consumer electronics, EVs, and industrial automation across the Asia Pacific region

RECENT DEVELOPMENTS

  • June 2024 : Honeywell has completed its acquisition of Carrier Global Corporation's Global Access Solutions business for USD 4.95 billion. By acquiring Carrier's Global Access Solutions business, Honeywell is positioning itself as a security solutions provider for the digital age while allowing for opportunities for advanced innovation in the fast-growing, cloud-based services and solutions space. 
  • May 2024 : Amphenol Corporation has successfully completed the acquisition of the Carlisle Interconnect Technologies (CIT) business from Carlisle Companies Incorporated. This acquisition enhances Amphenol’s product portfolio by providing advanced interconnect solutions designed for highly engineered, harsh environments. It will also enable the company to better serve customers in the commercial aviation, defense, and industrial markets.

 

Table of Contents

Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.

TITLE
PAGE NO
1
INTRODUCTION
 
 
 
15
2
EXECUTIVE SUMMARY
 
 
 
 
3
PREMIUM INSIGHTS
 
 
 
 
4
MARKET OVERVIEW
Maps the market evolution with focus on trend catalysts, risk factors, and growth opportunities across segments.
 
 
 
 
 
4.1
INTRODUCTION
 
 
 
 
4.2
MARKET DYNAMICS
 
 
 
 
4.3
INTERCONNECTED MARKETS AND CROSS-SECTOR OPPORTUNITIES
 
 
 
 
4.4
STRATEGIC MOVES BY TIER-1/2/3 PLAYERS
 
 
 
5
INDUSTRY TRENDS
Provides a snapshot of current market scenario, value chain context, and factors impacting competitive intensity.
 
 
 
 
 
5.1
PORTER'S FIVE FORCES ANALYSIS
 
 
 
 
5.2
MACROECONOMICS INDICATORS
 
 
 
 
 
5.2.1
INTRODUCTION
 
 
 
 
5.2.2
GDP TRENDS AND FORECAST
 
 
 
5.3
VALUE CHAIN ANALYSIS
 
 
 
 
 
5.4
ECOSYSTEM ANALYSIS
 
 
 
 
 
5.5
PRICING ANALYSIS
 
 
 
 
 
 
5.5.1
AVERAGE SELLING PRICE TREND OF KEY PLAYERS (2021–2024)
 
 
 
 
5.5.2
AVERAGE SELLING PRICE TREND, BY END-USE INDUSTRY (2021–2024)
 
 
 
5.6
TRADE ANALYSIS
 
 
 
 
 
 
5.6.1
IMPORT SCENARIO
 
 
 
 
5.6.2
EXPORT SCENARIO
 
 
 
5.7
KEY CONFERENCES AND EVENTS (2025–2026)
 
 
 
 
5.8
TRENDS/DISRUPTIONS IMPACTING CUSTOMER BUSINESS
 
 
 
 
5.9
INVESTMENT AND FUNDING SCENARIO
 
 
 
 
5.10
CASE STUDY ANALYSIS
 
 
 
 
5.11
IMPACT OF 2025 US TARIFF – ASIA PACIFIC TEMPERATURE SENSOR MARKET
 
 
 
 
 
 
5.11.1
INTRODUCTION
 
 
 
 
5.11.2
KEY TARIFF RATES
 
 
 
 
5.11.3
PRICE IMPACT ANALYSIS
 
 
 
 
5.11.4
IMPACT ON COUNTRY/REGION
 
 
 
 
5.11.5
IMPACT ON END-USE INDUSTRY
 
 
6
STRATEGIC DISRUPTION THROUGH TECHNOLOGY, PATENTS, DIGITAL, AND AI ADOPTION
 
 
 
 
 
6.1
KEY EMERGING TECHNOLOGIES
 
 
 
 
6.2
COMPLEMENTARY TECHNOLOGIES
 
 
 
 
6.3
TECHNOLOGY/PRODUCT ROADMAP
 
 
 
 
6.4
PATENT ANALYSIS
 
 
 
 
 
6.5
IMPACT OF AI/GEN AI ON ASIA PACIFIC TEMPERATURE SENSOR MARKET
 
 
 
 
 
 
6.5.1
TOP USE CASES AND MARKET POTENTIAL
 
 
 
 
6.5.2
CASE STUDIES OF AI IMPLEMENTATION IN ASIA PACIFIC TEMPERATURE SENSOR MARKET
 
 
 
 
6.5.3
INTERCONNECTED ADJACENT ECOSYSTEM AND IMPACT ON MARKET PLAYERS
 
 
 
 
6.5.4
CLIENTS’ READINESS TO ADOPT GENERATIVE AI IN ASIA PACIFIC TEMPERATURE SENSOR MARKET
 
 
7
REGULATORY LANDSCAPE
 
 
 
 
 
7.1
REGIONAL REGULATIONS AND COMPLIANCE
 
 
 
 
 
7.1.1
REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
 
 
 
 
7.1.2
INDUSTRY STANDARDS
 
 
8
CUSTOMER LANDSCAPE & BUYER BEHAVIOR
 
 
 
 
 
8.1
DECISION-MAKING PROCESS
 
 
 
 
8.2
BUYER STAKEHOLDERS AND BUYING EVALUATION CRITERIA
 
 
 
 
8.3
ADOPTION BARRIERS & INTERNAL CHALLENGES
 
 
 
 
8.4
UNMET NEEDS FROM VARIOUS END-USE INDUSTRIES
 
 
 
9
ASIA PACIFIC TEMPERATURE SENSOR MARKET, BY MATERIAL USED
Market Size, Volume & Forecast – USD Million
 
 
 
 
 
9.1
INTRODUCTION
 
 
 
 
9.2
POLYMER
 
 
 
 
9.3
CERAMIC
 
 
 
 
9.4
PLATINUM RESISTANCE TEMPERATURE DETECTORS
 
 
 
 
9.5
NICKEL CHROMIUM/NICKEL ALUMINUM (CODE K)
 
 
 
 
9.6
NICKEL CHROMIUM/CONSTANTAN (CODE E)
 
 
 
 
9.7
IRON/CONSTANTAN (CODE J)
 
 
 
 
9.8
NICKEL MOLYBDENUM-NICKEL COBALT THERMOCOUPLES (TYPE M)
 
 
 
 
9.9
NICROSIL/NISIL (CODE N)
 
 
 
 
9.10
COPPER/CONSTANTAN (CODE T)
 
 
 
 
9.11
OTHERS
 
 
 
10
ASIA PACIFIC TEMPERATURE SENSOR MARKET, BY PRODUCT TYPE (MARKET SIZE & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
10.1
INTRODUCTION
 
 
 
 
10.2
CONTACT TEMPERATURE SENSORS
 
 
 
 
 
10.2.1
BIMETALLIC TEMPERATURE SENSORS
 
 
 
 
10.2.2
THERMOCOUPLES
 
 
 
 
10.2.3
RESISTIVE TEMPERATURE DETECTORS
 
 
 
 
10.2.4
THERMISTORS
 
 
 
 
10.2.5
TEMPERATURE SENSOR ICS
 
 
 
10.3
NON-CONTACT TEMPERATURE SENSORS
 
 
 
 
 
10.3.1
INFRARED TEMPERATURE SENSORS
 
 
 
 
10.3.2
FIBER OPTIC TEMPERATURE SENSORS
 
 
11
ASIA PACIFIC TEMPERATURE SENSOR MARKET, BY OUTPUT (MARKET SIZE & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
11.1
INTRODUCTION
 
 
 
 
11.2
ANALOG
 
 
 
 
11.3
DIGITAL
 
 
 
 
 
11.3.1
SINGLE-CHANNEL DIGITAL TEMPERATURE SENSORS
 
 
 
 
11.3.2
MULTI-CHANNEL DIGITAL TEMPERATURE SENSORS
 
 
12
ASIA PACIFIC TEMPERATURE SENSOR MARKET, BY CONNECTIVITY (MARKET SIZE & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
12.1
INTRODUCTION
 
 
 
 
12.2
WIRELESS (WI-FI)
 
 
 
 
12.3
WIRED
 
 
 
13
ASIA PACIFIC TEMPERATURE SENSOR MARKET, BY END USER (MARKET SIZE & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
13.1
INTRODUCTION
 
 
 
 
13.2
CHEMICALS
 
 
 
 
13.3
OIL & GAS
 
 
 
 
13.4
CONSUMER ELECTRONICS
 
 
 
 
13.5
ENERGY & POWER
 
 
 
 
13.6
HEALTHCARE
 
 
 
 
13.7
AUTOMOTIVE
 
 
 
 
13.8
METALS & MINING
 
 
 
 
13.9
FOOD & BEVERAGES
 
 
 
 
13.10
PULP & PAPER
 
 
 
 
13.11
AEROSPACE & DEFENSE
 
 
 
 
13.12
GLASS
 
 
 
 
13.13
OTHERS
 
 
 
14
ASIA PACIFIC TEMPERATURE SENSOR MARKET, BY COUNTRY (MARKET SIZE & FORECAST TO 2030 – USD MILLION)
 
 
 
 
 
14.1
INTRODUCTION
 
 
 
 
14.2
ASIA PACIFIC
 
 
 
 
 
14.2.1
CHINA
 
 
 
 
14.2.2
JAPAN
 
 
 
 
14.2.3
INDIA
 
 
 
 
14.2.4
SOUTH KOREA
 
 
 
 
14.2.5
REST OF ASIA PACIFIC
 
 
15
COMPETITIVE LANDSCAPE
 
 
 
 
 
15.1
KEY PLAYER STRATEGIES/RIGHT TO WIN
 
 
 
 
15.2
REVENUE ANALYSIS
 
 
 
 
 
15.3
MARKET SHARE ANALYSIS
 
 
 
 
 
15.4
COMPANY VALUATION AND FINANCIAL METRICS
 
 
 
 
15.5
BRAND/PRODUCT COMPARISON
 
 
 
 
 
15.6
COMPANY EVALUATION MATRIX: KEY PLAYERS,
 
 
 
 
 
 
15.6.1
STARS
 
 
 
 
15.6.2
EMERGING LEADERS
 
 
 
 
15.6.3
PERVASIVE PLAYERS
 
 
 
 
15.6.4
PARTICIPANTS
 
 
 
 
15.6.5
COMPANY FOOTPRINT: KEY PLAYERS,
 
 
 
 
 
15.6.5.1
COMPANY FOOTPRINT
 
 
 
 
15.6.5.2
PRODUCT TYPE FOOTPRINT
 
 
 
 
15.6.5.3
END-USER FOOTPRINT
 
 
 
 
15.6.5.4
COUNTRY FOOTPRINT
 
 
15.7
COMPANY EVALUATION MATRIX: STARTUPS/SMES,
 
 
 
 
 
 
15.7.1
PROGRESSIVE COMPANIES
 
 
 
 
15.7.2
RESPONSIVE COMPANIES
 
 
 
 
15.7.3
DYNAMIC COMPANIES
 
 
 
 
15.7.4
STARTING BLOCKS
 
 
 
 
15.7.5
COMPETITIVE BENCHMARKING: STARTUPS/SMES,
 
 
 
 
 
15.7.5.1
DETAILED LIST OF KEY STARTUPS/SMES
 
 
 
 
15.7.5.2
COMPETITIVE BENCHMARKING OF KEY STARTUPS/SMES
 
 
15.8
COMPETITIVE SITUATION AND TRENDS
 
 
 
16
COMPANY PROFILES
 
 
 
 
 
16.1
KEY PLAYERS
 
 
 
 
 
16.1.1
HONEYWELL INTERNATIONAL INC.
 
 
 
 
16.1.2
TE CONNECTIVITY
 
 
 
 
16.1.3
TEXAS INSTRUMENTS INCORPORATED
 
 
 
 
16.1.4
ENDRESS+HAUSER GROUP SERVICES AG
 
 
 
 
16.1.5
EMERSON ELECTRIC CO.
 
 
 
 
16.1.6
AMPHENOL CORPORATION
 
 
 
 
16.1.7
MICROCHIP TECHNOLOGY INC.
 
 
 
 
16.1.8
STMICROELECTRONICS
 
 
 
 
16.1.9
NXP SEMICONDUCTORS
 
 
 
 
16.1.10
MURATA MANUFACTURING CO., LTD.
 
 
 
16.2
OTHER PLAYERS
 
 
 
17
RESEARCH METHODOLOGY
 
 
 
 
 
17.1
RESEARCH DATA
 
 
 
 
 
17.1.1
SECONDARY DATA
 
 
 
 
 
17.1.1.1
KEY DATA FROM SECONDARY SOURCES
 
 
 
17.1.2
PRIMARY DATA
 
 
 
 
 
17.1.2.1
KEY DATA FROM PRIMARY SOURCES
 
 
 
 
17.1.2.2
KEY PRIMARY PARTICIPANTS
 
 
 
 
17.1.2.3
BREAKDOWN OF PRIMARY INTERVIEWS
 
 
 
 
17.1.2.4
KEY INDUSTRY INSIGHTS
 
 
 
17.1.3
MARKET SIZE ESTIMATION
 
 
 
 
 
17.1.3.1
BOTTOM-UP APPROACH
 
 
 
 
17.1.3.2
TOP-DOWN APPROACH
 
 
 
 
17.1.3.3
BASE NUMBER CALCULATION
 
 
 
17.1.4
MARKET FORECAST APPROACH
 
 
 
 
 
17.1.4.1
SUPPLY SIDE
 
 
 
 
17.1.4.2
DEMAND SIDE
 
 
 
17.1.5
DATA TRIANGULATION
 
 
 
 
17.1.6
FACTOR ANALYSIS
 
 
 
 
17.1.7
RESEARCH ASSUMPTIONS
 
 
 
 
17.1.8
RESEARCH LIMITATIONS AND RISK ASSESSMENT
 
 
18
APPENDIX
 
 
 
 
 
18.1
DISCUSSION GUIDE
 
 
 
 
18.2
KNOWLEDGESTORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
 
 
 
 
18.3
AVAILABLE CUSTOMIZATIONS
 
 
 
 
18.4
RELATED REPORTS
 
 
 
 
18.5
AUTHOR DETAILS
 
 
 

Methodology

The study involved major activities in estimating the current size of the asia pacific temperature sensor market. Exhaustive secondary research was done to collect information on asia pacific temperature sensors. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Different approaches, such as top-down and bottom-up, were employed to estimate the total market size. After that, the market breakup and data triangulation procedures were used to estimate the market size of the segments and subsegments of the asia pacific temperature sensor.

Secondary Research

In the secondary research process, various secondary sources were referred to identify and collect information relevant to this study. Secondary sources included annual reports, press releases, and investor presentations of companies; white papers, certified publications, and articles from recognized authors; directories; and databases. Secondary research was mainly carried out to obtain critical information about the industry’s supply chain, value chain, the total pool of key players, and market classification and segmentation according to industry trends, geographic markets, and key developments from both market- and technology-oriented perspectives. Secondary sources included corporate filings (such as annual reports, investor presentations, and financial statements); trade, business, and professional associations; white papers; IoT technologies journals and certified publications; articles by recognized authors; gold- and silver-standard websites; directories; and databases. Data was also collected from secondary sources, such as the Semiconductor Industry Association, Global Semiconductor Alliance, and Taiwan Semiconductor Industry Association.

Secondary research was mainly used to obtain critical information about the industry's supply chain and value chain, the total pool of key players, market classification and segmentation according to industry trends to the bottom-most level, geographic markets, and key developments from both the market and technology-oriented perspectives. Secondary data has been gathered and analyzed to determine the overall market size, which has also been validated by primary research.

Primary Research

Extensive primary research was conducted after understanding and analyzing the current scenario of the asia pacific temperature sensor market through secondary research. A number of primary interviews were held with demand and supply side key opinion leaders in four key regions: North America, Europe, Asia Pacific, and Rest of the World. Nearly 25% of the primary interviews were held with the demand side and 75% with the supply side. The primary data was gathered primarily through telephonic interviews, which were 80% of the total primary interviews. Surveys and e-mails were also utilized to gather data.

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

Market Size Estimation

This report implements both the top-down and bottom-up approaches to estimate and validate the size of the asia pacific temperature sensor market and various other dependent submarkets. Key players in this market are identified through secondary research, and their market shares in the respective regions are determined through primary and secondary research.

This entire research methodology included the study of annual and financial reports of top companies, as well as interviews with experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative). All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All the possible parameters that affect the market covered in this research study were accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data was consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The figures given below show the overall market size estimation process employed for this study.

Bottom-Up Approach

  • Key players in the asia pacific temperature sensor market were identified through secondary research, and their global market share was determined through primary and secondary research.
  • The research methodology included a study of annual and quarterly financial reports, regulatory filings of major market players (public), and interviews with industry experts for detailed market insights.
  • All temperature penetration rates, percentage shares, splits, and breakdowns for the asia pacific temperature sensor market were determined using secondary sources and verified through primary sources.
  • All key macro indicators affecting the revenue growth of the market segments and subsegments were accounted for, viewed in extensive detail, verified through primary research, and analyzed to obtain validated and verified quantitative and qualitative data.
  • The gathered market data was consolidated, enhanced with detailed inputs, analyzed, and presented in this report.

Top-Down Approach

  • Focusing initially on the top-line investments and expenditures made in the asia pacific temperature sensor ecosystem, splitting the key market areas into product type, output, connectivity, end-user industry, and region, and listing key developments
  • Identifying all leading players and end users in the asia pacific temperature sensor market based on product type, output, and connectivity through secondary research and fully verifying them through a brief discussion with industry experts
  • Analyzing revenues, product mix, geographic presence, and key applications served by all identified players to estimate and arrive at percentage splits for all key segments
  • Discussing splits with the industry experts to validate the information and identify key growth pockets across all key segments
  • Breaking down the total market based on verified splits and key growth pockets across all segments

Asia Pacific Temperature Sensor Market : Top-Down and Bottom-Up Approach

Asia Pacific Temperature Sensor Market Top Down and Bottom Up Approach

Data Triangulation

After arriving at the overall size of the asia pacific temperature sensor market from the estimation process explained above, the market was split into several segments and subsegments. The data triangulation and market breakdown procedures were employed (wherever applicable) 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. The size of the asia pacific temperature sensor market was validated using both top-down and bottom-up approaches.

Market Definition

A asia pacific temperature sensor is a device that is used to measure the degree or level of heat in a substance or its surroundings. Temperature sensors can typically be classified into two types: contact and non-contact sensors.

Contact sensors: These asia pacific temperature sensors need to make physical contact with the object being sensed. In contact sensors, temperature sensing occurs through conduction. Contact sensors are capable of measuring the temperature of solids, liquids, or gases over a wide range. A few examples of common contact sensors include thermocouples, asia pacific temperature sensor ICs, thermistors, and RTDs. Non-contact sensors operate on the principles of convection and radiation to detect temperature changes. Non-contact sensors detect the thermal radiation that is emitted from an object and are equipped with infrared radiation sensors. The major types of non-contact sensors are optical and infrared sensors.

Key Stakeholders

  • Semiconductor Industry Association
  • Global Semiconductor Alliance
  • European Semiconductor Industry Association
  • Taiwan Semiconductor Industry Association
  • SemiconPortal
  • AMA Association for Sensor Technology
  • OMICS International
  • IEEE
  • MEMS & Sensors Industry Group
  • Educational Institutions Research/White Papers (Published by Communication Organizations)
  • Investor Presentations and Annual Reports of Key Market Players

Report Objectives

  • To define, describe, and forecast the asia pacific temperature sensor market, by product type, output, connectivity, end-user industry, and region, in terms of value
  • To define, describe, and forecast the global asia pacific temperature sensor market, in terms of volume
  • To forecast the sizes of various segments with respect to the four major regions—
    North America, Europe, Asia Pacific, and Rest of the World (RoW)
  • To provide a detailed analysis of the asia pacific temperature sensors supply chain
  • To analyze the impact of the recession on the asia pacific temperature sensor market
  • To strategically analyze the micromarkets with respect to individual growth trends and prospects, and their contributions to the total market
  • To analyze competitive developments, such as expansions, agreements, partnerships, acquisitions, product developments, and research & development (R&D), in the asia pacific 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
  • To analyze the supply chain, market/ecosystem map, trend/disruptions impacting customer business, technology analysis, Porter’s five force analysis, trade analysis, patent analysis, key conferences & events, and regulations related to the asia pacific temperature sensor market

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Growth opportunities and latent adjacency in Asia Pacific Temperature Sensor Market

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