Growing Demand for Temperature Sensors in Automotive Sector Driving the growth of Temperature Sensor Market

The temperature sensor market is estimated to grow from USD 5.62 Billion in 2018 to USD 7.48 Billion by 2023, at a CAGR of 5.9% between 2018 and 2023. The growth of this market can be attributed to the increasing penetration of temperature sensors in advanced and portable healthcare equipment.

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This report segments the temperature sensor market by product type, end-user industry, and region. By product type, the market has been segmented into contact-type temperature sensor and noncontact-type temperature sensor. The market for contact-type temperature sensor is expected to grow at a higher CAGR between 2018 and 2023 owing to the various advantages of these sensors, such as easy handling, increased throughput rates, fast response time, high flexibility, and prolonged service life.

Scope of the Report

This report categorizes the 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

APAC to dominate temperature sensor market during forecast period

The temperature sensor market in Asia Pacific is expected to grow at the highest CAGR during the forecast period as APAC has a strong demand for consumer equipment, including portable healthcare electronics and white goods. Increasing industrial automation, especially in automotive and food & beverages sectors, will generate demand for temperature sensors in APAC.

Major 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 Tecgnology (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).

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