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Temperature Sensor Market Analysis
- Report ID: GMI3469
- Published Date: Jan 2023
- Report Format: PDF
Temperature Sensor Market Analysis
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.
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.
Temperature sensor market valuation from consumer electronics is poised to exceed USD 1.5 billion by 2032. Temperature sensors are extensively used in consumer electronics products, including washing machines, dishwashers, refrigerators, and air conditioners, among others. The rising disposable incomes and growing consumer inclination towards luxury lifestyles have propelled the demand for smart home appliances. This growing preference for smart homes will positively influence temperature sensor applications in consumer electronics manufacturing.
Europe is anticipated to hold more than 35% of the temperature sensor market share by the end of 2032. The region is poised to emerge as a lucrative hub for temperature sensor manufacturers owing to stringent legislations associated with emission control and environmental safety. Several EU agencies and government bodies have introduced strict regulations for industrial manufacturers to adopt advanced technologies, allowing them to monitor indoor and outdoor conditions. This scenario is fuelling the demand for temperature sensors amongst manufacturers of consumer electronics and devices to cater to heating and cooling needs.
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Temperature Sensor Market Scope
