Global Temperature Sensor Market, Product (Contact Type and Non-Contact Type), Output (Analog and Digital), End User (Chemicals, Oil & Gas, Consumer Electronics, Energy & Power, Healthcare, Automotive, Metals & Mining, Food & Beverages, Pulp & Paper, Advanced Fuel, Aerospace & Defense, Glass and Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2027
Market Analysis and Insights of Global Temperature Sensor Market
Global temperature sensor market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses the market growth at a CAGR of 5.1% in the above-mentioned forecast period. The rapid technological advancement is expected to provide huge opportunities for the market in the coming years.
Temperature sensor is an electronic device that provides the facility of measuring the temperature through an electrical signal. The key driving factors are the use of sophisticated and portable healthcare equipment and the rapidly growing automotive sector. The market is booming as a result of the increasing use of home and building automation and the growing use of food and security management.
The major growth drivers affecting the temperature sensor market are the new technological advancements in the petrochemical industry. Increasing demand for medical sensors due to the increasing number of diseases is driving the development of thermostat type temperature sensors. Another important driver for temperature sensors in consumer electronics is the significant increase in tablets and mobile phones due to enormous innovations in research and development.
In addition, the development is supported by stringent government regulations that mandate the use of temperature sensors in applications to diagnose overheating issues. In addition, temperature sensors are rapidly gaining popularity in manufacturing industries and automotive applications, which is a huge impetus for market growth. However, the technical understanding of the sensor and the heating issues at peak condition are the major constraints that prevent the growth of the market. In addition,
This 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 localised 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 Data Bridge Market Research temperature sensor market contact us for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Temperature Sensor Market Scope and Market Size
The temperature sensor market is segmented on the basis of product, output and end user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Based on product, the temperature sensor market is segmented into contact type and noncontact type. Contact type, is further segmented into thermocouples, resistive temperature detectors, thermistors, temperature sensor ICs, bimetallic temperature sensors. Non-contact type is sub-segmented infrared temperature sensor and fibre optic temperature sensor.
- Based on output, the temperature sensor market is segmented into Analog and Digital. Digital is sub-segmented into single-channel digital temperature sensor and multichannel digital temperature sensor.
- Based on end user, the temperature sensor market is segmented into chemicals, oil & gas, consumer electronics, energy & power, healthcare, automotive, metals & mining, food & beverages, pulp & paper, advanced fuel, aerospace & defense, glass and others.
Global Temperature Sensor Market Country Level Analysis
The temperature sensor market is analysed and market size insights and trends are provided by country, product, output and end use as referenced above.
The countries covered in the temperature sensor market report are 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.
Asia-Pacific dominates the temperature sensor market. China, India, South Korea and Japan contribute to the development of the temperature sensor industry in APAC. The fast track industrialization market in the APAC region has created a favourable environment for growth. The expansion of automobile and industrial manufacturing, in particular, is creating huge demand for temperature sensors. In addition, strong demand for consumer devices, including portable healthcare electronics and white goods, is expected to increase the demand for temperature sensors.
The country section of the temperature sensor market report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, 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.
Competitive Landscape and Global Temperature Sensor Market Share Analysis
The 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 temperature sensor market.
The major players covered in the temperature sensor market report are Texas Instruments Incorporated, Panasonic Corporation, Siemens AG, Honeywell International Inc., ABB Ltd., Analog Devices, Inc., General Electric, Kongsberg Gruppen, Emerson Electric Company, STMicroelectronics, Microchip Technology Inc., NXP Semiconductors N.V., Maxim Integrated, and Mouser Electronics, Inc. among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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 customised 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 analysed 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 (Factbook) or can assist you in creating presentations from the data sets available in the report.