Growth factors of Temperature Sensor Market and in-depth analysis

The temperature sensor market is expected to be worth USD 7.48 Billion by 2023, growing at a CAGR of 5.9% between 2018 and 2023.

The increasing demand for temperature sensors, which are integrated into devices such as wearable bands, smartphones, and patient monitoring devices, from industries such as consumer electronics and healthcare is driving the temperature sensor market growth.

Also, growing demand for advanced and portable healthcare equipment is driving the temperature sensor market. With the onset of technologies such as advanced patient monitoring systems and portable health monitoring systems, demand for temperature sensors is on the rise. Along with this, consumer electronics and food & beverages are the key end-user segments for the temperature sensor market.

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The temperature sensor market comprises a network of players involved in research and product development, raw material suppliers, manufacturers, investors, and distributors. Players operating in the temperature sensor market include ABB (Switzerland), Texas Instruments (US), Analog Devices (US), Honeywell International (US), Amphenol (US), Global Mixed Mode Technology (Taiwan), Integrated Device Technology (US), Kongsberg Gruppen (Norway), Microchip Technology (US), ON Semiconductor (US), Endress+Hauser (Switzerland), Okazaki Manufacturing Company (Japan), Yamari Industries (Japan), STMicroelectronics (Switzerland), TE Connectivity (Switzerland), Gunther GmbH Temperaturmesstechnik (Germany), and Omega Engineering (US).

Scope of the Report

This report categorizes the temperature sensor market by product type, end-user industry, and region.

Temperature Sensor Market, by Product Type:

• Contact-type temperature sensor
• Bimetallic temperature sensor
• Temperature sensor IC
• Thermistor
• Thermocouple
• Resistive temperature detector (RTD)

• Noncontact-type temperature sensor
  • Infrared temperature sensor
  • Fiber optic temperature sensor

Temperature Sensor Market, by End-User Industry:

• Chemicals
• Oil & Gas
• Consumer Electronics
• Energy & Power
• Automotive
• Healthcare
• Food & Beverages
• Metals & Mining
• Advanced Fuels
• Aerospace & Defense
• Glass
• Pulp & Paper

Temperature Sensor Market, by Region:

• North America
• Europe
• APAC
• RoW

Available Customizations

With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:

Company Information:

Detailed analysis and profiling of additional market players (up to 5)

• Market for contact-type temperature sensor to grow at higher CAGR during forecast period

• Chemicals to account for largest size of temperature sensor market in 2018

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