1. HOME
2. Research Insight
3. Temperature Sensor Companies - Honeywell International Inc. (US) and Texas Instruments Incorporated (US) are the Key Players

The Temperature Sensor Market 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 temperature sensor market is growing due to the ongoing demand from sectors including consumer electronics and healthcare for temperature sensors, which are integrated into wearable bands, smartphones, and patient monitoring systems. The need for dependable, efficient, and reasonably priced sensors has grown over the past few years, spurring the creation of novel technologies like micro- and nanotechnology, which provide advantages like mass production, low power consumption, and miniaturization. The expensive upfront cost of sophisticated sensors, however, is anticipated to limit industry expansion.

Major 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),
• Microchip Technology Inc. (US).

Major strategies adopted by top players to enhance their product portfolios, increase their market share, and expand their presence in the market include new product launches and deals such as acquisitions and partnerships.

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

Honeywell International Inc. is a diversified technology and manufacturing company offering building automation systems, commercial combustion control systems, scanners, computer devices, wearable devices, RFID solutions, advanced automotive technologies, connected vehicle solutions, protective equipment, sensors, and switches. These products and solutions have applications in several industries such as construction, retail, manufacturing, automotive, energy and utilities, aerospace & defense, healthcare, and chemicals. The company offers temperature sensors through its Honeywell Building Technologies and Safety and Productivity Solutions segments.
TE Connectivity is one of the leaders in designing and manufacturing connectivity and sensor solutions. The company has an extensive product portfolio that includes antennas, cable assemblies, connectors, fiber optics, heat shrink tubes, power systems, relays, contactors and switches, sensors, and wires and cables. These products are used in several industries, such as aerospace, automotive, defense & military, medical & healthcare, and oil & gas. TE Connectivity operates through three segments—Transportation Solutions, Industrial Solutions, and Communications Solutions. The Transportation Solutions segment of the company offers temperature sensors.

Texas Instruments Incorporated is a semiconductor manufacturer with several products and solution offerings, including amplifiers, audio devices, clocks & timing devices, data converters, die & wafer services, interface solutions, isolation systems, logic systems, microcontrollers, motor drivers, power management solutions, processors, RF & microwave, sensors, space & harsh environment solutions, switches & multiplexers, and wireless connectivity solutions. These products and solutions find applications in several verticals, including automotive, telecommunications, IT, industrial, and semiconductor & electronics. Through the Analog segment, the company offers temperature sensors alongside switches and interfaces, integrated protection devices, high-voltage products, battery management solutions, portable components, power supply controls, point-of-load products, mobile lighting and display products, amplifiers, data converters, interface products, motor drives, clocks, and sensing products, displays, and automotive safety systems.

Related Reports:

Temperature Sensor Market 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

Contact:
Mr. Aashish Mehra
MarketsandMarkets™ INC.
630 Dundee Road
Suite 430
Northbrook, IL 60062
USA : 1-888-600-6441
[email protected]