The Global Temperature Sensor Market is estimated to reach USD 7.8 Billion by 2027 at a CAGR of 5.7%, predicts forencis research (FSR).
A temperature sensor is a device that detects and measures coolness and hotness and converts them into an electrical signal. In other words, temperature sensor measures the temperature of an object by remotely detecting energy emitted from an object. Temperature sensors are divided into two types: Contact and Non-contact temperature sensors. With modern technologies and advancement in electrical engineering, the temperature sensor market is showing an exponential growth in the semiconductor and electronics market. STMicroelectronics, Texas Instruments, microchip technologies are some of the keyplayers in the global market.
Market Drivers:
A Temperature Sensor will often play an important part in the manufacturing, automotive, and consumer electronics industries. In many industrial applications such as food and beverage processing, cosmetics, and pharmaceutical applications, temperature sensors are used for detecting, measuring, and controlling the object or machine temperatures. In consumer electronics, temperature sensors are used to enhance circuit stability and detecting high-temperature levels to avert disasters. Increasing the market of smartphones, televisions, and smart homes, the consumer electronics market is expected to grow at faster rate during the forecast period and hence the temperature sensor market will increase accordingly.
Life expectancy has been increasing worldwide due to significant improvements in the medicine and healthcare market as well as due to growing consciousness regarding environmental and personal hygiene. Currently, the sensors are playing a vital role in the healthcare market. In the healthcare industry, temperature sensors are mainly used for maintaining temperature and humidity of drugs, vaccines, tissues and food&beverages. Moreover, the temperature sensors are also used for environmental monitoring for blood and tissues. Hence, manufacturers are developing various high-end instruments which are expected to drive the temperature sensor market during the projected period.
Market Restraints:
In a personal computer, thermal or temperature sensors detects the temperature of hardware system to protect it from overheating. Especially, Central Processing Unit (CPU) and Graphics Processing Unit (GPU) gets overheated during extended operations.If the system overheats, and temperature sensors are not present in the system, then the system is subjected to a catostrophic failure. However, in recent years, the market for smartphones and tablets is increased which directly hampers the growth of personal computers market which is expected to restrain the growth of temperature sensor market during the forecast period.
The report on the temperature sensor market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.
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Report Features |
Specifics |
|---|---|
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Historical/Estimated/Forecasted Market Size Years |
2018-2027 |
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Base Year for Market Calculation |
2019 |
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Forecasted Period |
2020-2027 (2020 estimated year, forecasted up to 2027) |
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Measured Units |
Value (USD Million) Volume (Units) |
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Segments Included |
Type, End User Industry, and Region |
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Regional Coverage |
North America, Asia-Pacific, Europe, Middle East and Africa, and South Africa |
For the scope of report, In-depth segmentation is offered by Forencis Research
TEMPERATURE SENSOR Market, by Type
TEMPERATURE SENSOR Market, by End User Industry
TEMPERATURE SENSOR Market, by Region
1 INTRODUCTION
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Regional Coverage
1.5 Research Timeline
1.6 Assumptions
1.7 Limitations
2 RESEARCH DESIGN & SCOPE
2.1 Introduction
2.2 Primary Research
2.2.1 Key Industry Expert Insight
2.3 Secondary Research
2.3.1 Vital Data from Secondary Sources
2.4 Market Size Estimation
2.5 Data Validation & Triangulation
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Introduction
4.2 Drivers
4.2.1. Demand from Manufacturing, Automotive, and Consumer Electronics Industries
4.2.2. Growing Technical Advancements in Healthcare Instruments
4.3 Restraint
4.3.1. Saturation in Personal Computer (PC) Market
4.4 Opportunities
4.4.1. Rising Adoption of Portable Machines and Equipment
4.5 Challenges
4.5.1. Issues Related to Thermowells
5 INDUSTRY TRENDS – PORTERS FIVE FORCES ANALYSIS
5.1 Introduction
5.1.1. Power of Buyers
5.1.2. Power of Suppliers
5.1.3. Intensity of Competition
5.1.4. Challenges of Substitutes
5.1.5. Challenges of New Entrants
5.2 Macro-Economic Indicators
6 GLOBAL REAL TIME LOCATION SYSTEM MARKET BY TYPE, Market Size in USD Million and Units (2019—2027)
6.1 Introduction
6.2 Contact Sensors
6.2.1 Thermocouple
6.2.2 Resistance Temperature Detector (RTD)
6.2.3 Thermistors
6.2.4 Temperature Sensor ICs
6.2.5 Bimetallic Sensor
6.3 Non-Contact Sensors
6.3.1 IR Sensors
6.3.2 Fiber Optic Temperature Sensor
7 GLOBAL REAL TIME LOCATION SYSTEM MARKET BY END USER INDUSTRY, Market Size in USD Million and Units (2019—2027)
7.1 Introduction
7.2 Consumer Electronics
7.3 Automotive
7.4 Healthcare
7.5 Aerospace & Defense
7.6 Oil & Gas
7.7 Chemicals & Materials
7.8 Energy & Power
7.9 Construction & mining
7.10 Others
8 GLOBAL REAL TIME LOCATION SYSTEM MARKET BY REGION, Market Size in USD Million (2019—2027)
8.1 North America
8.1.1 US
8.1.2 Canada
8.1.3 Mexico
8.2 Europe
8.2.1 Germany
8.2.2 France
8.2.3 Italy
8.2.4 UK
8.2.5 Russia
8.2.6 Rest of Europe
8.3 Asia-Pacific
8.3.1 China
8.3.2 India
8.3.3 Japan
8.3.4 South Korea
8.3.5 Taiwan
8.3.6 Rest of Asia-Pacific
8.4 Middle East and Africa
8.4.1 Saudi Arabia
8.4.2 UAE
8.4.3 Rest of Middle East and Africa
8.5 South America
8.5.1 Brazil
8.5.2 Argentina
8.5.3 Rest of South America
9 COMPETITIVE LANDSCAPE
9.1 Introduction
9.2 Company Benchmarking
10 COMPANY PROFILES
10.1 STMicroelectronics
10.1.1 Company Overview
10.1.2 Financial Overview
10.1.3 Products/Solutions/Services Offered
10.1.4 Key Developments
10.1.5 SWOT Analysis
10.2 NXP Semiconductors
10.3 Texas Instruments Incorporated
10.4 TE Connectivity
10.5 Analog Devices, Inc.
10.6 Microchip Technology Inc.
10.7 ON SEMICONDUCTOR CORPORATION
10.8 Robert Bosch GmbH
10.9 Omega Engineering Inc.
10.10 ABB
10.11 Murata Manufacturing Co., Ltd
10.12 Other Key Companies
11 APPENDIX
11.1 Key Industry Expert Insights
11.2 Primary Discussion Guide
11.3 Customization Options
Note1: Tentative table of contents, may get updated during the course of research.
Note2: Company financial information is subject to availability in public domain
