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Temperature Sensor Market Size By Product (Contact {Temperature Sensors ICs, Resistive Temperature Detectors, Thermistors, Thermocouples, Bimetallic Temperature Sensors}, Non-Contact {Infrared, Fiber-Optics}), By Output (Analog, Digital {Single-Channel, Multi-Channel}), By Application (Chemical, Oil & Gas, Consumer Electronics, Healthcare, Automotive), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2023 – 2032

  • Report ID: GMI3469
  • Published Date: Jan 2023
  • Report Format: PDF

Industry Statistics

Temperature Sensor Market size crossed USD 8 billion in 2022 and is anticipated to exhibit over 4% CAGR from 2023-2032. Surge in the adoption of wearable medical devices and portable healthcare technology will have a positive impact on industry dynamics.
 

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Rapid penetration of IoT, AI, and robots has enabled advancements in wearable technologies, fostering a massive demand for temperature sensors. Moreover, the recent breakthroughs in advanced patient monitoring systems allowing remote healthcare are further accelerating the need for sensors that enhance the intelligence of medical equipment, such as life-supporting implants. Temperature sensors are also gaining momentum owing to extensive applications in sleep apnea machines, blood analyzers, medical incubators, ventilators, kidney dialysis machines, neonatal intensive care units, and monitoring the temperature of organ transplant systems.
 

Risk of temperature sensor installation in harsh conditions may impede product demand

Limitations associated with temperature sensor applications in harsh environments could restrain overall industry performance. The biggest challenges include the utilization of temperature sensors in extreme environments and determining their functional capabilities. Based on external conditions, operators must have an accurate technique to assess the sensor’s functionality during installation as well as operation on a regular basis. This requires staff to be capable of creating, utilizing, and maintaining systems with a complete understanding of technical limitations and identifying the necessary modifications.
 

Burgeoning demand for IR-based non-contact sensors to influence market development

In terms of revenue, non-contact product segment accounted for more than USD 1 billion in the temperature sensors market in 2022. Non-contact sensors play a crucial role in detecting the temperatures of goods and items that are more prone to significant temperature fluctuations due to constant movement. The ongoing innovation and sophistication of medical technologies have introduced an array of non-contact sensors such as mounted devices, battery-powered portable devices, and online-process monitoring devices.
 

Non-contact sensors segment is further bifurcated into infrared, and fiber optics. The infrared sub-segment held more than 8% market share in 2022 owing to increasing adoption across automotive applications such as lane departure warning systems, night vision systems, and pedestrian detection. This technology is integrated with infrared cameras as well as optimized detection algorithms enabling accurate vision at night as compared to visible cameras.  Furthermore, the emergence of technology-centric trends, including electrification of vehicles, hybrid vehicles, and smart transportation in the automotive sector will augment the demand for IR-based non-contact sensors.
 

Increasing need for digitization of hospitals to fuel adoption of digital output temperature sensors

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Digital output segment is projected to surpass 25% of the temperature sensor market share by 2032. Rapid digitization of the healthcare sector is proliferating the adoption of digitally enabled temperature sensors for applications such as medical thermometers. Due to the increasing disease burden and the growing population rate, various developed and developing economies are investing heavily in the digitization of hospitals and healthcare infrastructure.
 

Influx of smart home trends in consumer electronics to propel integration of temperature sensors

 

Authors: Preeti Wadhwani, Aayush Jain

Frequently Asked Questions (FAQ) :

Global market size for temperature sensor crossed USD 8 billion in 2022 and is anticipated to exhibit over 4% CAGR from 2023-2032.
Non-contact temperature sensors accounted for more than USD 1 billion in revenue share for the temperature sensors market in 2022 due to the increasing use of IR sensors in smart vehicles.
Europe temperature sensor market is anticipated to hold more than 35% share by 2032 owing to the presence of very stringent regulations associated with emission control and environmental safety.
ABLIC, Analog Devices, Inc., OSRAM AG, DWYER INSTRUMENTS, EMERSON, HANS TURCK, and Honeywell International, are some of the key participants in the temperature sensor industry.

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 24
  • Tables & Figures: 515
  • Countries covered: 18
  • Pages: 340
  • Upcoming Report: Details can be customized to meet your information and data needs. Feel free to share your detailed research requirements via this form.

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