Accordingly, to Global Market Insights research report The temperature sensor market is anticipated to witness noteworthy growth on account of surging application across diverse electronic appliances. Th product is extensively used in microwaves, air conditioners, battery chargers, and refrigerators. Since the introduction of AI and IoT in electronic appliances, manufacturers have started to integrate these sensors into their devices to improve their product’s efficiency and usefulness by gathering real-time temperature data.

 

Temperature sensors are observing immense traction across the oil & gas sector as they play a crucial part in processes like extraction, production, refining, and distribution of oil, gases, and petrochemicals. This has compelled temperature sensor manufacturers to launch new product lineups. Citing an instance, earlier in October 2018, Crowcon released a high-temperature sensor that detects the levels of H2S across oil & gas applications in the Middle East.

 

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Based on application, the temperature sensor market is bifurcated into oil & gas, chemical, healthcare, automotive, and consumer electronics. Out of these, the automotive segment is likely to embark remarkable growth, registering a compound annual growth rate of more than 3% by 2026. This growth can be attributed to the widespread adoption of thermistor contact sensors in exhaust applications and engine control units.

 

These sensors have robust designs and provide high-temperature sensing facility while being affordable. Shifting trends towards vehicle electrifications coupled with mounting federal norms that mandate the installation of electronic monitoring systems could strengthen the prospects of temperature sensor industry.

 

Notably, single-channel digital temperature sensors offer high flexibility, and features outstanding responses to low & high temperatures. Back in 2019, the segment held almost 20% of the overall market share, and is forecasted to maintain a 4% CAGR throughout the predicted timeframe. With the help of these digital outputs, the performance of temperature sensors can be adjusted as per the user-programmable internal register. Moreover, it enables an alarm output if the measuring temperature surpasses the predefined temperature output.

 

In a bid to achieve a competitive edge over competitors, industry participants are constantly focusing on developing and launching new products as well as entering into new strategic relationships to improve their existing partner network. Taking November 2019 for instance, STMicroelectronics unveiled its latest temperature sensor that has a temperature accuracy of 0.25°C, delivering applications in remote monitoring as well as low-power consumption.

 

Currently, TE Connectivity, Teledyne Technologies Incorporated, Amphenol Corporation, Rockwell Automation, Analog Devices, OMEGA Engineering, Texas Instruments Incorporated, Renesas Electronics Corporation, Integrated Device Technology, Inc., Honeywell International, STMicroelectronics N.V., and NXP Semiconductors N.V. are the leading firms in the global temperature sensors market.

 

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Table of Content (ToC)

Chapter 1.   Methodology and Scope

1.1.   Methodology

1.1.1. Definition and forecast parameters

1.1.1.1.   Definitions

1.1.1.2.   Assumptions, methodology and forecast parameters

1.2.   Data Sources

1.2.1. Primary

1.2.2. Secondary

Chapter 2.   Executive Summary

2.1.   Temperature sensor industry 3600 synopsis, 2016 - 2026

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Product trends

2.1.4. Output trends

2.1.5. Application trends

Chapter 3.   Temperature Sensor Insights

3.1.   Industry segmentation

3.2.   Industry landscape, 2016 – 2026

3.3.   Impact analysis of corona virus (COVID-19) pandemic on temperature sensor market

3.3.1. By region

3.3.1.1.   North America

3.3.1.2.   Europe

3.3.1.3.   Asia Pacific

3.3.1.4.   Latin America

3.3.1.5.   MEA

3.3.2. By application

3.3.2.1.   Oil & gas

3.3.2.2.   Chemical

3.3.2.3.   Consumer electronics

3.3.2.4.   Automotive

3.3.2.5.   Healthcare

3.4.   Industry ecosystem analysis

3.4.1. Raw material supplier

3.4.2. Manufacturers

3.4.3. Distributors

3.4.4. Vendor matrix

3.5.   Technology & innovation landscape

3.5.1. Near zero power temperature sensor

3.5.2. Non-invasive temperature sensor

3.6.   Regulatory landscape

3.6.1. North America

3.6.2. Europe

3.6.3. Asia Pacific

3.6.4. Latin America

3.6.5. MEA

3.7.   Industry impact forces

3.7.1. Growth drivers

3.7.1.1.   Rising adoption in advance and portable healthcare equipment

3.7.1.2.   Increasing home and building automation systems in developing nations

3.7.1.3.   Rapid use of temperature sensor in industrial automation

3.7.1.4.   Implementation of temperature control systems in food safety management

3.7.1.5.   Burgeoning growth of data centers in Asia Pacific

3.7.1.6.   Deployment of temperature sensors in space applications

3.7.2. Industry pitfalls and challenges

3.7.2.1.   High initial cost involved in advance sensors

3.8.   Growth potential analysis

3.9.   Porter’s analysis

3.9.1. Industry rivalry

3.9.2. Threat of new entrants

3.9.3. Buyer power

3.9.4. Supplier power

3.9.5. Threat of substitutes

3.10.   Competitive landscape, 2019

3.10.1.   Company market share

3.10.2.   Strategy dashboard

3.11.   PESTEL analysis

 

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