Temperature Sensors Market to be Dominated by Automobile Segment, Through 2028
Temperature sensors market is
being driven by the increasing use of temperature control devices in managing
food safety
According to TechSci Research
report, “Temperature Sensors Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018–2028,” the global temperature sensors
market is anticipated to register a robust growth during the forecast period,
2024-2028.”
Temperature sensors are
gaining immense popularity and witnessing increased adoption across the globe.
These sensors play a critical role in a wide range of applications, from
healthcare and automotive to industrial and consumer electronics.
The healthcare sector is
witnessing a surge in the use of temperature sensors in advanced and portable
healthcare equipment. The sensors enable continuous monitoring of vital signs,
aiding in early detection and management of various health conditions. Temperature
sensors are becoming integral to the automotive sector, particularly in engine
management, climate control systems, battery temperature management, and
exhaust gas monitoring. The increasing focus on electric and hybrid vehicles
further fuels the demand for temperature sensing solutions. The advent of
Industry 4.0 and the Internet of Things (IoT) has propelled the demand for
temperature sensors in industrial automation. These sensors are crucial for
process control, equipment monitoring, and predictive maintenance, contributing
to improved operational efficiency and cost savings. Miniaturization, increased
accuracy, and enhanced sensitivity of temperature sensors have revolutionized
their integration into compact and portable devices. These advancements enable
real-time temperature monitoring, leading to improved performance, safety, and
energy efficiency. Emerging opportunities in smart homes and smart cities: With
the rapid growth of smart homes and smart cities, temperature sensors are playing
a vital role in environmental monitoring, energy management, and building
automation systems. These sensors enable precise temperature control, enhancing
comfort and sustainability.
Browse over XX market data
Figures spread through XX Pages and an in-depth TOC on the "Global TemperatureSensors Market."
Based on type, the market is segmented into thermocouple,
thermistor, resistance temperature detector (RTD), semiconductor temperature
sensor, infrared temperature sensor, and others. Based on output, the market is
further bifurcated into digital and analog. Based on vertical, the market is
further split chemical & petrochemical, oil & gas, metal & mining,
power generation, food & beverage, automotive, medical, aerospace &
military, consumer electronics, and others. The market analysis study the
regional segmentation, divided among North America, Europe, Asia-Pacific, South
America, and Middle East & Africa.
Geographically, the market is segmented into
Asia-Pacific, North America, South America, Middle East & Africa, and
Europe. North America is estimated to hold the largest size of the overall
market, as it is considered the most advanced region in terms of technology
adoption and infrastructure.
Key market players in the global
temperature sensors market include:
- Siemens AG
- Panasonic Corporation
- Texas Instruments
Incorporated
- Honeywell International
Inc.
- ABB Ltd
- Analog Devices Inc.
- Fluke Process
Instruments
- Emerson Electric Company
- STMicroelectronics
- Microchip Technology Incorporated
Collaboration and
standardization efforts are in progress to ensure seamless integration and wide
adoption of temperature sensors. Working together to define common standards,
guidelines, and safety regulations are industry stakeholders, regulatory
bodies, and technology providers. These programs seek to improve overall user
experience while addressing interoperability issues and safety worries.
Renesas Electronics announced
a new family of temperature and relative humidity sensors in June 2022. The
sensors support deployment in portable devices or products made for harsh
environments by offering high accuracy, quick measurement response time, and
ultra-low power consumption in a small package size.
Honour released its Earbuds 3
Pro in March 2022 with built-in temperature monitoring technology. The
temperature sensor in Honor's buds would work in conjunction with an AI
temperature algorithm, which has an 80% chance of achieving an error of no more
than 0.3 degrees Celsius.
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“The global temperature
sensors market is expected to be driven by temperature sensing solutions in the
automobile industry are in high demand due to their crucial role in optimizing
engine performance, climate control systems, battery management, emission
control, drivetrain monitoring, and tire safety. As automotive technologies
continue to advance, the demand for accurate and reliable temperature sensors
is expected to grow further.” said Mr. Karan Chechi, Research Director with
TechSci Research, a research-based global management consulting firm.
“Temperature Sensor Market – Global Industry Size, Share, Trends,
Opportunity, and Forecast, 2018-2028F
Segmented
By Type (Thermocouple, Thermistor, Resistance Temperature Detector (RTD),
Semiconductor Temperature Sensor, Infrared Temperature Sensor, Others), By
Output (Digital, Analog), By Vertical (Chemical & Petrochemical, Oil &
Gas, Metal & Mining, Power Generation, Food & Beverage, Automotive,
Medical, Aerospace & Military, Consumer Electronics, Others), By Region and
Competition”, has
evaluated the future growth potential of Temperature Sensors and provides statistics and information on market structure,
size, share, and future growth. The report intends to provide cutting-edge
market intelligence and help decision makers take sound investment decisions.
Besides, the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in the global Temperature
Sensors market.
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