Temperature Sensor Market

Key Revenue Pockets - Temperature Sensor Market

A temperature sensor is a device that measures the degree of heat of a substance or its surroundings and converts it into a readable form. Temperature sensing is a vital part of any process in the present world. Temperature sensors can be classified broadly into two main categories: contact and non-contact sensors.

Contact sensors: For 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 changes in temperature. 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).

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Non-contact sensors: These types of temperature sensors work on the principles of convection and radiation to monitor changes in temperature. 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.

The global temperature sensor market size is projected to grow from USD 6.3 billion in 2020 to USD 8.8 billion by 2027, recording a CAGR of 4.8%. The temperature sensor industry growth is driven mainly by increasing penetration of temperature sensors in advanced and portable healthcare equipment, growing demand for temperature sensors in the automotive sector, and rising adoption of home and building automation systems.

The contact type temperature sensor segment is projected to hold a larger share in the temperature sensor market during the forecast period. Contact temperature sensors are used widely in industries such as chemicals, consumer electronics, oil & gas, energy & power, and automotive, because of their low cost, wide temperature ranges, and high accuracy.

The digital output segment is projected to hold a larger share in the temperature sensor market during the forecast period. Temperature sensors with digital output have several advantages over sensors with analog output and are especially suited for remote applications. Digital temperature sensors find application in medical, aerospace, test and measurement equipment, and industrial automation.

The chemicals end-user industry segment is projected to hold the largest share in the temperature sensor market during the forecast period. Temperature sensors play an important role in the chemicals end-user industry. Processes such as refining, heat tracing, cracking, and incineration, and systems such as sanitary systems and piping systems use temperature sensors for temperature monitoring and control.

The absolute humidity sensor segment is projected to hold a larger share in the humidity sensor market during the forecast period. Absolute humidity sensors, supported by two NTC thermistor elements, measure the absolute humidity by measuring the difference in thermal conductivity of dry air and the air containing water vapor. These humidity sensors are used for measuring humidity in HVACs, fax machines, printers, automotive, weather stations, refrigerators, and food processing units.

Asia Pacific is projected to hold the largest share in the temperature sensor market during the forecast period. China, India, South Korea, and Japan are the major contributors to the growth of the temperature sensor market in APAC.

Fast track industrialization across the APAC region has created a conducive environment for the growth of the temperature sensor market. Expanding automobile and industrial manufacturing, in particular, is generating massive demand for temperature sensors. Also, robust demand for consumer equipment, including portable healthcare electronics and white goods, is expected to foster the demand for temperature sensors.

Related Reports:

Temperature Sensor Market by Product Type (Thermocouples, RTDs, Thermistors, Temperature Sensor ICs, Bimetallic, Infrared, and Fiber Optic Temperature Sensors), Output, End-user Industry, and Region – Global Forecast to 2027

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Report Code
SE 2914
RI Published ON
3/31/2020
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