Supply Chain Ecosystem Analysis now part of DBMR Reports
Market Size in USD Billion
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USD 6,389.30 Million |
| USD 10,183.57 Million | |
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Global Integrated Circuit (IC) Temperature Sensor Market, By Output (Analog, Digital), Alloy Used (Type K, Type M, Type E, Type J, Type C, Type N, Type T, Others), Deployment (Wired, Wireless Metals (Platinum, Nickel, Copper, Tungsten, Silicon), End User (Chemicals, Oil and Gas, Consumer Electronics, Energy and Power, Healthcare, Automotive, Metals and Mining, Food and Beverages, Pulp and Paper, Advanced Fuel, Aerospace and Defence, Glass, Others) – Industry Trends and Forecast to 2029.
Integrated circuit (IC) temperature sensors are one of the largest adopted temperature sensors in the past few years. These sensors can work over an extensive range of temperatures. The integrated circuit (IC) temperature sensor market is mainly driven by its extreme benefits such as low power consumption, durability and accuracy. Moreover, IC temperature sensors are promptly gaining popularity in automotive applications and manufacturing industries, which drives huge market growth. IC temperature sensors are extensively used in several industries such as oil and gas, automotive and power generation, among others due to their wide temperature ranges, high-temperature limits and durable nature.
Data Bridge Market Research analyses that the integrated circuit (IC) temperature sensor market was valued at USD 6,389.30 million in 2021 and is expected to reach USD 10,183.57 million by 2029, registering a CAGR of 6.00% during the forecast period of 2022 to 2029. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Report Metric
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Details
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Forecast Period
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2022 to 2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014 - 2019)
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Quantitative Units
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Revenue in USD Million, Volumes in Units, Pricing in USD
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Segments Covered
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Output (Analog, Digital), Alloy Used (Type K, Type M, Type E, Type J, Type C, Type N, Type T, Others), Deployment (Wired, Wireless Metals (Platinum, Nickel, Copper, Tungsten, Silicon), End User (Chemicals, Oil and Gas, Consumer Electronics, Energy and Power, Healthcare, Automotive, Metals and Mining, Food and Beverages, Pulp and Paper, Advanced Fuel, Aerospace and Defence, Glass, Others)
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America
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Market Players Covered
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OMEGA Engineering Inc. (U.S.), Endress+Hauser Group Services AG (Switzerland), Honeywell International Inc. (U.S.), ABB (Switzerland), Maxim Integrated (U.S.), Danfoss A/S (Denmark), Thermometrics Corporation (U.S.), Durex Industries (U.S.), Thermo Sensor GmbH (Germany), Microchip Technology Inc (U.S.), KEYENCE CORPORATION (Japan), Applied Sensor Technologies (U.S.), Okazaki Manufacturing Company (U.K.), SOR Inc. (U.S.), Thermo Sensors (India), Emerson Electric Co (U.S.), Pyromation, Inc. (U.S.), GÜNTHER GmbH (Germany), West Control Solutions (U.K.), WIKA Alexander Wiegand SE & Co. KG (Germany), TE Connectivity (Switzerland)
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Market Opportunities
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Market Definition
An IC temperature sensor is a two terminal integrated circuit temperature transducer that generates an output current which is proportional to absolute temperature. The small sensor package has a fast response time and low thermal mass. The most common temperature range is 55 to 150°C (-58 to 302°F).
Drivers
IC temperature sensor is widely used in several industries such as automotive, food and beverages, aerospace and healthcare, among others which is one of the major factors expected to drive the growth of integrated circuit (IC) temperature sensor market.
IC temperature sensor is widely used in automobiles sector due to the increasing demand for reliability, comfort, and other innovative features in automobiles. The rising demand of IC temperature sensor for innovative features are also expected to boost the demand of the integrated circuit (IC) temperature sensor in the market.
The integrated circuit (IC) temperature sensor market is being driven by the increasing need for portable and innovative healthcare devices. The demand for integrated circuit (IC) temperature sensors is growing as new technologies emerge, such as improved portable health monitoring systems and patient monitoring systems.
Furthermore, growing adoption of building and home automation systems is also a major factor that is expected to enhance the integrated circuit (IC) temperature sensor market growth during the forecast period of 2022-2029.
Opportunities
The technological advancements for reducing the manufacturing cost of the IC temperature sensor will bring more opportunities for the major key leaders in the upcoming period. Furthermore, improvement and development in automotive, aerospace, consumer electronics, energy and power, healthcare and many other industries will further expand the integrated circuit (IC) temperature sensor market growth during the forecast period of 2022-2029.
Moreover, growing adoption of wearable devices and increasing need for IC temperature sensor in food safety will also create several opportunities to boost the growth of the IC temperature sensor during forecast period.
Restraints/ Challenges
Volatility in the cost pf raw materials which is used for the production of IC temperature sensor along with increasing cost of research and development are acting as restraints for integrated circuit (IC) temperature sensor market in the above mentioned forecasted period.
The lower productivity of the IC temperature sensor due to other alternatives might hinder the growth of the global integrated circuit (IC) temperature sensor market during the forecast period of 2022-2029.
This integrated circuit (IC) temperature sensor market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the integrated circuit (IC) temperature sensor market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
The COVID-19 negatively impacted the integrated circuit (IC) temperature sensor market due to the strict social distancing and lockdowns to contain the widespread corona virus. The partial shutdown of the business, economic uncertainty and low consumer confidence has impacted the demand of the IC temperature sensor based technology. The supply chain was hindered during this pandemic along with delayed logistics activities. However, the integrated circuit (IC) temperature sensor market is anticipated to recover its pace during the post pandemic scenario.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
The integrated circuit (IC) temperature sensor market is segmented on the basis of output, alloy used, deployment, metals and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Output
Alloy Used
Deployment
Metals
End User
The integrated circuit (IC) temperature sensor market is analysed and market size insights and trends are provided by country, output, alloy used, deployment, metals and end user as referenced above.
The countries covered in the integrated circuit (IC) temperature sensor market report U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the integrated circuit (IC) temperature sensor market in terms of revenue growth and market share. This is due to the adoption of advanced technology and high growth of automation industry in this region.
Asia-Pacific is projected to be the fastest developing region during the forecast period of 2022-2029 due to rapid industrialisation along with improved standardisation of living in this region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
The integrated circuit (IC) temperature sensor market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to integrated circuit (IC) temperature sensor market.
Some of the major players operating in the integrated circuit (IC) temperature sensor market are:
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To support market growth and help clients navigate the impact of geopolitical shifts, DBMR has integrated in-depth supply chain analysis into its Global Ic Temperature Sensor Market research reports. This addition empowers clients to respond effectively to global changes affecting their industries. The supply chain analysis section includes detailed insights such as Global Ic Temperature Sensor Market consumption and production by country, price trend analysis, the impact of tariffs and geopolitical developments, and import and export trends by country and HSN code. It also highlights major suppliers with data on production capacity and company profiles, as well as key importers and exporters. In addition to research, DBMR offers specialized supply chain consulting services backed by over a decade of experience, providing solutions like supplier discovery, supplier risk assessment, price trend analysis, impact evaluation of inflation and trade route changes, and comprehensive market trend analysis.
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Fact book) or can assist you in creating presentations from the data sets available in the report.