Temperature Sensors Market Target $10.11 Bn By 2032, 5.9% CAGR

Temperature Sensors Market Size Worth $10.11 Billion By 2032 | CAGR: 5.9%


The global Temperature Sensor market size is expected to reach USD 10.11 billion by 2032, according to a new study by Polaris Market Research. The report “Temperature Sensor Market Share, Size, Trends, Industry Analysis Report, By Output (Analog, Digital); By Product Type; By Connectivity; By End-User; By Region; Segment Forecast, 2024 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Maintaining an optimal temperature is of utmost significance within the food and beverage industry, given the perishable nature of food products. The pivotal role of automated temperature control and monitoring is evident in ensuring food safety across diverse stages, including food processing, storage, and transportation. Sensors are strategically deployed in this sector, spanning from warehouse operations to retail outlets, to effectively regulate temperature based on the specific requirements of various food items.

Furthermore, companies are now introducing specialized sensors explicitly crafted to meet the stringent High Temperature, Short Test (HTST) standards crucial for pasteurization procedures. For instance, Peak Sensors Ltd offers these dedicated sensors and accompanying equipment tailored for the food, beverage, and catering sectors, facilitating precise temperature measurement. The company also provides dataloggers equipped with these sensors for monitoring refrigerated transport or chilled cabinets, thereby enhancing overall temperature control measures.

The temperature sensor market is experiencing substantial growth, driven by its versatile applications across various sectors. The increased adoption of these sensors in the pharmaceutical industry is contributing to the expansion of the temperature sensor market. Products such as resistance temperature detectors (RTDs) offer a broader range of temperature adjustments, improved accuracy, and increased ruggedness. These advantages lead to a heightened demand for RTDs compared to thermocouple temperature sensors within the temperature sensors industry.

The integration of communication is also playing a vital role in advancing the growth of the temperature sensors market. Recent advancements in computing and sensing technology have fueled the potential of the global temperature sensors industry. Additionally, the widespread applications and increased deployment of temperature sensors contribute to the growth of the temperature sensors market in the years to come.

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The use of temperature sensors is on the rise in the healthcare sector, where they assist in maintaining specific temperatures for equipment storing medical drugs, cleaning other devices, and heating liquids. These applications drive the demand for temperature sensors in the healthcare industry. The availability of efficient and accurate temperature measurement solutions in the temperature sensors industry further enhances the market's potential. Consequently, these factors related to temperature sensors have led to an increased Compound Annual Growth Rate (CAGR) for the temperature sensors market worldwide in recent years.

Temperature Sensor Market Report Highlights

  • In 2023, the Temperature Sensor ICs segment dominated the revenue share. This dominance is attributed to the increasing adoption of temperature sensor ICs in various applications, including industrial, automotive, and consumer electronics. The growing demand for compact and economical temperature sensing solutions is driving the growth of this segment. Additionally, Infrared Temperature Sensors are expected to experience steady growth due to their high accuracy, non-contact operation, and the increasing demand for temperature sensing solutions in a range of industrial and consumer applications.
  • Throughout the forecast period, the Non-Contact Temperature Sensors segment secured the highest market share. These sensors measure the surface temperature of an object or body without establishing physical contact with the measured entity. Primarily utilized for small, mobile, and challenging-to-reach objects or sources, non-contact temperature sensors include infrared and fiber optic temperature sensors. Prominent companies offering non-contact temperature sensors include TE Connectivity (Switzerland), OMEGA Engineering (US), Keyence Corporation (Japan), and Melexis (Belgium).
  • In 2023, Asia Pacific emerged as the dominant market. The region has spearheaded the adoption of temperature sensor products and solutions, propelled by a persistent need for cost-effective and highly efficient temperature sensors across diverse industries, including chemicals, consumer electronics, metals, oil and gas, automotive, energy and power, healthcare, and mining. The automotive sector in the region, responsible for over 50% of global passenger car production, along with the thriving electrical and electronics industry, significantly contributes to the growth of the temperature sensor market.
  • The global key market players include Amphenol Corporation, Analog Devices, Emerson Electric Co., Endress+Hauser Group Services AG, Honeywell International Inc., Microchip Technology Inc., Siemens, TE Connectivity, Texas Instruments Incorporated, and WIKA Alexander Wiegand SE & Co. KG.

Polaris Market Research has segmented the Temperature Sensor market report based on output, product type, connectivity, end-user, and region:

Temperature Sensor, Output Outlook (Revenue - USD Billion, 2019 - 2032)

  • Analog
  • Digital

Temperature Sensor, Product Type Outlook (Revenue - USD Billion, 2019 - 2032)

  • Non-Contact Temperature Sensors
    • Fiber Optic Temperature Sensors
    • Infrared Temperature Sensors
  • Contact Temperature Sensors
    • Thermistors
    • Resistive Temperature Detectors
    • Thermocouples
    • Bimetallic temperature sensors
    • Temperature Sensors ICs

Temperature Sensor, Connectivity Outlook (Revenue - USD Billion, 2019 - 2032)

  • Wireless
  • Wired

Temperature Sensor, End-User Outlook (Revenue - USD Billion, 2019 - 2032)

  • Temperature Sensor ICs
  • Non-contact Temperature Sensors
  • Fiber Optic Temperature Sensors
  • Thermistors
  • Thermocouples
  • Resistive Temperature Detectors
  • Bimetallic Temperature Sensors
  • Infrared Temperature Sensors

Temperature Sensor, Regional Outlook (Revenue - USD Billion, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa

Temperature Sensor Market Report Scope

Report Attributes

Details

Market size value in 2024

USD 6.39 billion

Revenue forecast in 2032

USD 10.11 billion

CAGR

5.9% from 2024 – 2032

Base year

2023

Historical data

2019 – 2022

Forecast period

2024 – 2032

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2032

Segments Covered

By Output, By Product Type, By Connectivity, By End-user, By Region

Regional scope

North America, Europe, Asia Pacific, Latin America; Middle East & Africa

Customization

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  • Industry outlook
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