Temperature Sensor Market by Product Type (Bimetallic, Thermistor, IC, RTD, Thermocouple, IR, Fiber Optic), End-User Industry (Oil & Gas, Chemicals, Automotive, Consumer Electronics, Healthcare), and Geography - Global Forecast to 2023
The temperature sensor market was valued at USD 5.29 Billion in 2017 and is expected to reach USD 7.48 Billion by 2023, at a CAGR of 5.9% during the forecast period. The base year considered for the study is 2017, and the forecast period considered is 20182023. The objective of the report is to provide a detailed analysis of the market by product type, end-user industry, and region. The report forecasts the market size, in terms of value, of various segments with regard to 4 main regions North America, Europe, APAC, and RoW. It strategically profiles the key players and comprehensively analyzes their rankings and core competencies in the market, and details the competitive landscape for these market leaders.
The research methodology used to estimate and forecast the temperature sensor market begins with capturing data on key vendor revenues through secondary research. Secondary sources used for this research study include government sources and corporate filings (such as annual reports, investor presentations, and financial statements). The bottom-up procedure has been employed to arrive at the overall size of the market from the revenue of key players in the market. After arriving at the overall market size, the total market has been split into several segments and subsegments, which have been verified through primary research by conducting extensive interviews with experts such as CEOs, VPs, directors, and executives. The data triangulation and market breakdown procedures have been employed to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The breakdown of the profiles of primary respondents has been depicted in the below figure.
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Selected Market Dynamics in Temperature Sensor Market
Increasing penetration of temperature sensors in advanced and portable healthcare equipment
Growing demand for advanced and portable healthcare equipment is driving the temperature sensor market. With the onset of technologies such as advanced patient monitoring systems and portable health monitoring systems, demand for temperature sensors is on the rise.
With rising aging population and growing lifestyle diseases, demand for portable healthcare devices will see a rise. Technological advancements and miniaturization trends in sensors make it possible to make healthcare and wearable products available at an affordable price. Temperature sensors are used in the healthcare end-user industry in various equipment. Wearable healthcare products have become popular over the past few years owing to the increased growth of the wearable devices. Temperature sensors are used in wearable healthcare devices to offer continuous monitoring of patients/subjects. The increasing popularity of portable and wearable healthcare devices acts as a major driving factor for the growth of the temperature sensor market.
Decline in PC market
Temperature sensors are used in personal computers mainly for controlling and monitoring the temperature of CPU. Generally, 35 temperature sensor ICs are used in desktops and laptops. As computers/desktops and laptops are vulnerable to overheating, measuring and controlling temperature is of utmost importance. Hence, personal computers (PCs) have contributed significantly to the growth of the temperature sensor market. However, the introduction of smartphones and tablets has impacted the shipment of PCs.
Tablet computers were introduced in 2010, and the shipment of PCs started falling after 2011. This marked the inflection point in the PC industry, and the shipments have been declining since then. For instance, in 2011, a total of 364 million units of PCs were shipped worldwide, and it dropped to ~263 million units in 2017.
Moreover, the use of desktops or personal computers at workplaces has dropped due to the concept of bring your own device (BYOD) to save money on IT infrastructure. This impacts the PC market, and subsequently the market. As a result, it has adversely affected the revenues of companies developing temperature sensors particularly for personal computers.
The temperature sensor market comprises a network of players involved in research and product development, raw material suppliers, manufacturers, investors, and distributors. Players operating in the market include ABB (Switzerland), Texas Instruments (US), Analog Devices (US), Honeywell International (US), Amphenol (US), Global Mixed Mode Technology (Taiwan), Integrated Device Technology (US), Kongsberg Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US), Endress+Hauser (Switzerland), Okazaki Manufacturing Company (Japan), Yamari Industries (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik (Germany), and Omega Engineering (US).
Scope of the Report:
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Report Metric |
Details |
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Report Name |
Temperature Sensor Market |
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Base year |
2017 |
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Forecast period |
20182023 |
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Forecast units |
Value in terms of USD million and billion |
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Segments covered |
Product, System Type, Software & Services, Function, Industry, and Region |
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Geographic regions covered |
North America, APAC, Europe, and RoW |
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Companies covered |
ABB (Switzerland), Texas Instruments (US), Analog Devices (US), Honeywell International (US), Amphenol (US), Global Mixed Mode Technology (Taiwan), Integrated Device Technology (US), Kongsberg Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US), Endress+Hauser (Switzerland), Okazaki Manufacturing Company (Japan), Yamari Industries (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik (Germany), and Omega Engineering (US) |
Key Target Audience
- Raw material and manufacturing equipment suppliers
- Temperature sensor product manufacturers
- Temperature sensor original equipment manufacturers (OEMs)
- Distributors and traders
- Research organizations
- Technology investors
- Associations, alliances, and organizations related to temperature sensors
- Analysts and strategic business planners
- End users
This study answers several questions for stakeholders, primarily the market segments to focus on in the next 25 years for prioritizing efforts and investments.
Scope of the Report
This report categorizes the market by product type, end-user industry, and region.
Temperature Sensor Market, by Product Type:
- Contact-type temperature sensor
- Bimetallic temperature sensor
- Temperature sensor IC
- Thermistor
- Thermocouple
- Resistive temperature detector (RTD)
- Noncontact-type temperature sensor
- Infrared temperature sensor
- Fiber optic temperature sensor
Temperature Sensor Market, by End-User Industry:
- Chemicals
- Oil & Gas
- Consumer Electronics
- Energy & Power
- Automotive
- Healthcare
- Food & Beverages
- Metals & Mining
- Advanced Fuels
- Aerospace & Defense
- Glass
- Pulp & Paper
Temperature Sensor Market, by Region:
- North America
- Europe
- APAC
- RoW
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the companys specific needs. The following customization options are available for the report:
Company Information:
Detailed analysis and profiling of additional market players (up to 5)
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The temperature sensor market is estimated to grow from USD 5.62 Billion in 2018 to USD 7.48 Billion by 2023, at a CAGR of 5.9% between 2018 and 2023. The growth of this market can be attributed to the increasing penetration of temperature sensors in advanced and portable healthcare equipment.
This report segments the temperature sensor market by product type, end-user industry, and region. By product type, the market has been segmented into contact-type temperature sensor and noncontact-type temperature sensor. The market for contact-type temperature sensor is expected to grow at a higher CAGR between 2018 and 2023 owing to the various advantages of these sensors, such as easy handling, increased throughput rates, fast response time, high flexibility, and prolonged service life.
By end-user industry, the temperature sensor market has been segmented into chemicals, oil & gas, consumer electronics, energy & power, automotive, healthcare, food & beverages, metals & mining, advanced fuels, aerospace & defense, glass, and pulp & paper. The chemicals end-user industry is expected to dominate the market during the forecast period. Growing demand for advanced and portable healthcare equipment is driving the market. With the onset of technologies such as advanced patient monitoring systems and portable health monitoring systems, demand for temperature sensors is on the rise. Temperature control plays an important role in food safety management. In food safety management, temperature controlling or monitoring is required in various stages, such as cooking, hot holding, reheating, refrigeration, cooling, freezing, and defrosting.
Temperature sensors are used in personal computers mainly for controlling and monitoring the temperature of CPU. Generally, 35 temperature sensor ICs are used in desktops and laptops. As computers/desktops and laptops are vulnerable to overheating, measuring and controlling temperature is of utmost importance. Hence, personal computers (PCs) have contributed significantly to the growth of the market. However, the introduction of smartphones and tablets has impacted the shipment of PCs. Hence, the declining trend of the PC market has adversely affected the growth of the temperature sensor market.
The temperature sensor market in APAC is expected to grow at the highest CAGR during the forecast period. APAC has strong demand for consumer equipment, including portable healthcare electronics and white goods. In addition, the increasing industrial automation, especially in automotive and food & beverages sectors, will generate more demand for temperature sensors in APAC.
Major players in the temperature sensor market are ABB (Switzerland), Texas Instruments (US), Analog Devices (US), Honeywell International (US), Amphenol (US), Global Mixed Mode Technology (Taiwan), Integrated Device Technology (US), Kongsberg Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US), Endress+Hauser (Switzerland), Okazaki Manufacturing Company (Japan), Yamari Industries (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik (Germany), and Omega Engineering (US).
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Table of Contents
1 Introduction (Page No. - 15)
1.1 Study Objectives
1.2 Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for This Study
1.4 Currency
1.5 Package Size
1.6 Stakeholders
2 Research Methodology (Page No. - 18)
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 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
2.2 Market Size Estimation
2.2.1 Bottom-Up Approach
2.2.2 Top-Down Approach
2.3 Market Breakdown and Data Triangulation
2.4 Research Assumptions
3 Executive Summary (Page No. - 26)
4 Premium Insights (Page No. - 29)
4.1 Attractive Opportunities for Temperature Sensor Market Growth
4.2 Market, By Product Type
4.3 Market, By End-User Industry
4.4 Market in APAC, By Contact-Type Temperature Sensor and End-User Industry
4.5 Market for Chemicals, By Product Type
5 Market Overview (Page No. - 33)
5.1 Overview
5.2 Market Dynamics
5.2.1 Drivers
5.2.1.1 Increasing Penetration of Temperature Sensors in Advanced and Portable Healthcare Equipment
5.2.1.2 Growing Demand for Temperature Sensors in Automotive Sector
5.2.1.3 Increasing Adoption of Home and Building Automation Systems
5.2.2 Restraints
5.2.2.1 Decline in PC Market
5.2.3 Opportunities
5.2.3.1 Increasing Trend of Wearable Devices
5.2.3.2 Rising Need for Temperature Control for Food Safety Management
5.2.4 Challenges
5.2.4.1 Stringent Performance Requirements for Advanced Applications
5.2.4.2 Continual Price Reductions and Intense Competition Among Manufacturers
6 Market, By Product Type (Page No. - 40)
6.1 Introduction
6.2 Contact-Type Temperature Sensor
6.2.1 Bimetallic Temperature Sensor
6.2.2 Temperature Sensor IC
6.2.3 Thermistor
6.2.4 Resistive Temperature Detector (RTD)
6.2.5 Thermocouple
6.3 Noncontact-Type Temperature Sensor
6.3.1 Infrared Temperature Sensor
6.3.2 Fiber Optic Temperature Sensor
7 Market, By End-User Industry (Page No. - 56)
7.1 Introduction
7.2 Chemicals
7.3 Oil & Gas
7.4 Energy & Power
7.5 Consumer Electronics
7.6 Food & Beverages
7.7 Healthcare
7.8 Automotive
7.9 Aerospace & Defense
7.10 Advanced Fuels
7.11 Metals & Mining
7.12 Glass
7.13 Pulp & Paper
7.14 Others
8 Geographic Analysis (Page No. - 81)
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 France
8.3.3 UK
8.3.4 Spain
8.3.5 Rest of Europe
8.4 APAC
8.4.1 China
8.4.2 Japan
8.4.3 India
8.4.4 South Korea
8.4.5 Rest of APAC
8.5 RoW
8.5.1 South America
8.5.2 Middle East
8.5.3 Africa
9 Competitive Landscape (Page No. - 100)
9.1 Overview
9.2 Competitive Situations and Trends
9.2.1 Product Launches
9.2.2 Partnerships, Agreements, and Contracts
9.2.3 Others
10 Company Profiles (Page No. - 103)
(Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View)*
10.1 Key Players
10.1.1 ABB Limited
10.1.2 Analog Devices
10.1.3 Texas Instruments
10.1.4 Honeywell International
10.1.5 Maxim Integrated
10.1.6 Amphenol
10.1.7 Global Mixed Mode Technology
10.1.8 Integrated Device Technology
10.1.9 Kongsberg Gruppen
10.1.10 Microchip Technology
10.1.11 NXP Semiconductors
10.1.12 On Semiconductor
10.1.13 Siemens
10.1.14 Emerson Electric
10.1.15 Endress+Hauser Management
10.1.16 Okazaki Manufacturing Company
10.1.17 Yamari Industries
10.2 Other Players
10.2.1 Stmicroelectronics
10.2.2 Te Connectivity
10.2.3 Gunther GmbH Temperaturmesstechnik
10.2.4 Omega Engineering
*Details on Business Overview, Products Offered, Recent Developments, SWOT Analysis, and MnM View Might Not Be Captured in Case of Unlisted Companies.
11 Appendix (Page No. - 143)
11.1 Discussion Guide
11.2 Knowledge Store: Marketsandmarkets Subscription Portal
11.3 Introducing RT: Real-Time Market Intelligence
11.4 Available Customizations
11.5 Related Reports
11.6 Author Details
List of Tables (67 Tables)
Table 1 Major Product Type Characteristics
Table 2 Temperature Sensor Market, By Product Type, 20152023 (Million Units)
Table 3 Market, By Product Type, 20152023 (USD Million)
Table 4 Market, By Contact Type, 20152023 (USD Million)
Table 5 Market, By Noncontact Type, 20152023 (Million Units)
Table 6 Market for Contact-Type Temperature Sensors, By End-User Industry, 20152023 (USD Million)
Table 7 Market for Bimetallic Temperature Sensors, By End-User Industry, 20152023 (USD Million)
Table 8 Market for Temperature Sensor ICs, By End-User Industry, 20152023 (USD Million)
Table 9 Market for Thermistors, By End-User Industry, 20152023 (USD Million)
Table 10 Market for Resistive Temperature Detectors, By End-User Industry, 20152023 (USD Million)
Table 11 Common Types of Thermocouples
Table 12 Market for Thermocouples, By End-User Industry, 20152023 (USD Million)
Table 13 Market for Noncontact-Type Temperature Sensors, By End-User Industry, 20152023 (USD Million)
Table 14 Market for Infrared Temperature Sensors, By End-User Industry, 20152023 (USD Million)
Table 15 Market for Fiber Optic Temperature Sensors, By End-User Industry, 20152023 (USD Million)
Table 16 Market, By End-User Industry, 20152023 (USD Million)
Table 17 Market for Chemicals, By Region, 20152023 (USD Million)
Table 18 Market for Chemicals, By Product Type, 20152023 (USD Million)
Table 19 Market for Chemical End-User Industry, By Contact and Non Contact Type Temperature Sensors, 20152023 (USD Million)
Table 20 Market for Oil & Gas, By Region, 20152023 (USD Million)
Table 21 Market for Oil & Gas, By Product Type, 20152023 (USD Million)
Table 22 Market for Oil & Gas End-User Industry, By Contact and Non Contact Type Temperature Sensors, 20152023 (USD Million)
Table 23 Market for Energy & Power, By Region, 20152023 (USD Million)
Table 24 Market for Energy & Power, By Product Type, 20152023 (USD Million)
Table 25 Market for Energy & Power End-User Industry, By Contact and Non Contact Type Temperature Sensors, 20152023 (USD Million)
Table 26 Market for Consumer Electronics, By Region, 20152023 (USD Million)
Table 27 Market for Consumer Electronics, By Product Type, 20152023 (USD Million)
Table 28 Market for Consumer Electronics End-User Industry, By Contact and Non Contact Type Temperature Sensors, 20152023 (USD Million)
Table 29 Market for Food & Beverages, By Region, 20152023 (USD Million)
Table 30 Market for Food & Beverages, By Product Type, 20152023 (USD Million)
Table 31 Market for Food & Beverages End-User Industry, By Contact and Non Contact Type Temperature Sensors, 20152023 (USD Million)
Table 32 Market for Healthcare, By Region, 20152023 (USD Million)
Table 33 Market for Healthcare, By Product Type, 20152023 (USD Million)
Table 34 Market for Healthcare End-User Industry, By Contact and Non Contact Type Temperature Sensors, 20152023 (USD Million)
Table 35 Market for Automotive, By Region, 20152023 (USD Million)
Table 36 Market for Automotive, By Product Type, 20152023 (USD Million)
Table 37 Market for Automotive End-User Industry, By Contact and Non Contact Type Temperature Sensors, 20152023 (USD Million)
Table 38 Market for Aerospace & Defense, By Region, 20152023 (USD Million)
Table 39 Market for Aerospace & Defense, By Product Type, 20152023 (USD Million)
Table 40 Market for Aerospace & Defense End-User Industry, By Contact and Non Contact Type Temperature Sensors, 20152023 (USD Million)
Table 41 Market for Advanced Fuels, By Region, 20152023 (USD Million)
Table 42 Market for Advanced Fuels, By Product Type, 20152023 (USD Million)
Table 43 Market for Advance Fuels End-User Industry, By Product Type, 20152023 (USD Million)
Table 44 Market for Metals & Mining, By Region, 20152023 (USD Million)
Table 45 Market for Metals & Mining, By Product Type, 20152023 (USD Million)
Table 46 Market for Metals & Mining End-User Industry, By Product Type, 20152023 (USD Million)
Table 47 Market for Glass, By Region, 20152023 (USD Million)
Table 48 Market for Glass, By Product Type, 20152023 (USD Million)
Table 49 Market for Glass End-User Industry, By Product Type, 20152023 (USD Million)
Table 50 Market for Pulp & Paper, By Region, 20152023 (USD Million)
Table 51 Market for Pulp & Paper, By Product Type, 20152023 (USD Million)
Table 52 Market for Pulp & Paper End-User Industry, By Product Type, 20152023 (USD Million)
Table 53 Market for Others, By Region, 20152023 (USD Million)
Table 54 Market for Others, By Product Type, 20152023 (USD Million)
Table 55 Market for Other End-User Industry, By Product Type, 20152023 (USD Million)
Table 56 Market, By Region, 20152023 (USD Million)
Table 57 Market in North America, By Country, 20152023 (USD Million)
Table 58 Market in North America, By End-User Industry, 20152023 (USD Million)
Table 59 Market in Europe, By Country, 20152023 (USD Million)
Table 60 Market in Europe, By End-User Industry, 20152023 (USD Million)
Table 61 Market in APAC, By Country, 20152023 (USD Million)
Table 62 Market in APAC, By End-User Industry, 20152023 (USD Million)
Table 63 Market in RoW, By Region, 20152023 (USD Million)
Table 64 Market in RoW, By End-User Industry, 20152023 (USD Million)
Table 65 Product Launches (20152018)
Table 66 Partnerships, Agreements, and Contracts (20152018)
Table 67 Acquisitions (20152018)
List of Figures (52 Figures)
Figure 1 Market Segmentation
Figure 2 Market: Research Design
Figure 3 Process Flow of Market Size Estimation
Figure 4 Market Size Estimation Methodology: Bottom-Up Approach
Figure 5 Market Size Estimation Methodology: Top-Down Approach
Figure 6 Data Triangulation
Figure 7 Assumptions for Research Study
Figure 8 Thermocouple Expected to Hold Largest Size of Market By 2023
Figure 9 China Expected to Dominate Market in APAC During Forecast Period
Figure 10 Market in APAC to Grow at Highest CAGR During Forecast Period
Figure 11 Rising Adoption of Temperature Sensors in Wearable Devices and Food Safety Management Systems to Drive Temperature Sensor Market
Figure 12 Contact-Type Temperature Sensor to Hold Larger Size of Market By 2023
Figure 13 Chemicals to Hold Largest Size of Market By 2023
Figure 14 Thermocouple Held Largest Share of Market in APAC in 2017
Figure 15 Infrared Temperature Sensor to Lead Market for Chemicals During Forecast Period
Figure 16 Market Dynamics-Temperature Sensor Market
Figure 17 Number of Cars Sold Worldwide (19902018)
Figure 18 Global PC Market Volume (20062017)
Figure 19 Wearable Device Unit Shipments (20142018)
Figure 20 Temperature Sensor Market, By Product Type
Figure 21 Contact-Type Market for Temperature Sensor IC to Grow at Highest CAGR During Forecast Period
Figure 22 Working of Bimetallic Temperature Sensors
Figure 23 2-Wire Temperature Sensor IC Market Size (USD Million), 20142023
Figure 24 Noncontact-Type Market for Infrared Temperature Sensor to Grow at Higher CAGR Between 2018 and 2023
Figure 25 Working of Infrared Temperature Sensors
Figure 26 Market, By End-User Industry
Figure 27 Chemicals to Hold Largest Size of Market By 2023
Figure 28 RoW Expected to Hold Largest Size of Market for Oil & Gas By 2023
Figure 29 Geographic Snapshot of Market
Figure 30 North America: Market Snapshot
Figure 31 Chemicals to Hold Largest Size of Market in North America By 2023
Figure 32 Europe: Temperature Sensor Market Snapshot
Figure 33 Asia Pacific: Temperature Sensor Market Snapshot
Figure 34 Market in APAC for Consumer Electronics to Grow at Highest CAGR During Forecast Period
Figure 35 Rest of the World: Market Snapshot
Figure 36 Market in RoW for Food & Beverages to Grow at Highest CAGR During Forecast Period
Figure 37 Organic and Inorganic Strategies Adopted By Companies Operating in Temperature Sensor Market
Figure 38 ABB Limited: Company Snapshot
Figure 39 Analog Devices: Company Snapshot
Figure 40 Texas Instruments: Company Snapshot
Figure 41 Honeywell International: Company Snapshot
Figure 42 Maxim Integrated: Company Snapshot
Figure 43 Amphenol: Company Snapshot
Figure 44 Global Mixed Mode Technology: Company Snapshot
Figure 45 Integrated Device Technology: Company Snapshot
Figure 46 Kongsberg Gruppen: Company Snapshot
Figure 47 Microchip Technology: Company Snapshot
Figure 48 NXP Semiconductors: Company Snapshot
Figure 49 On Semiconductor: Company Snapshot
Figure 50 Siemens: Company Snapshot
Figure 51 Emerson Electric: Company Snapshot
Figure 52 Endress+Hauser Management: Company Snapshot
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Growth opportunities and latent adjacency in Temperature Sensor Market
Our research group is currently conducting studies on contact thermometry and we need better understandings on the temperature sensor market.
Could you please share the sample pages as I found the content of the report suitable for our internal operations.
I am interesting in purchasing this report, however I am unable to purchase it without being able to sense check a number against our own data, to check that the data is accurate and reliable. Would it be possible to gain access to one figure (e.g. China or APAC temperature market size) in order to check this prior to purchasing? I am looking forward to hear from you.
At what extent, downfall in automotive sales will affect temperature sensor demand?
I am solution provider and interested in integrated temperature sensors, and I really want to know about the scope and research methodology of the market.
I am a researcher in luminescent molecular thermometers and in our group we frequently cite your organization as a realizable source in terms of sensor market. In order to keep us updated we kindly request a version of the report "Temperature Sensors Market by Product Type".
Interested in the depth analysis for the Asian temperature sensors market.
We are a small company working on SBIR proposal that require some market information. We do not have the resources to meet your price point but were wondering if you ever worked with small companies like us to provide some segments information of market research at a much lower price point? Thank you so much for your help!
I am trying to compile a report which outlines the most popular manufacturers of certain electrical components, (see below) over the last 20 years, segmented by global regions and industry. I understand your reports are highly valued as they give future forecasts. I wondered if it would be possible to negotiate a price for the data you have on file (2000-2017) ? List of components: Temperature sensors; pressure sensors; flow meters; level sensors; PLCs; DCSs; valves, actuators and positioners; variable speed drives, agitator controls and electric trace heating.
I am particularly interested in wireless temperature monitoring in pharmaceuticals and biologicals applications.
Need to understand the scope of temperature sensors market.
We are looking in to new products developments and the information related to market segmentation for temperature sensor.