Press release
Temperature Sensor Market Trends, Competitive Share & Forecast, 2021 – 2026
Temperature Sensor Market
The integration of Internet of Things with these electronic devices to obtain real-time temperature information will support the demand for the components in the coming years. IoT is used in various consumer electronics and smart home devices and the developments in IoT will allow multi-sensor integration, which will support various measurements in a single sensor package.
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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.
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.
Rising instances of digitalization in the manufacturing industry across Germany is one of the major factors supporting regional industrial development. Companies present in the region are working towards using advanced automation processes to enhance their manufacturing and improve competitiveness against other countries such as China. Consistent industrial advancement in Europe will bolster temperature sensor requirements.
Some of the leading temperature sensor providers include Rockwell Automation, Inc., NXP Semiconductors N.V., OMEGA Engineering, Inc., Texas Instruments Incorporated, and STMicroelectronics N.V., among numerous others.
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Partial Chapter of the Table of Content
Chapter 5. Temperature Sensor Market, By Output (Revenue, Shipments)
5.1. Key trends, by output
5.2. Analog
5.2.1. Market estimates and forecast, 2016 - 2026
5.3. Digital
5.3.1. Temperature Sensor Market estimates and forecast, 2016 - 2026
5.3.2. Single channel
5.3.2.1. Market estimates and forecast, 2016 - 2026
5.3.3. Multi-channel
5.3.3.1. Market estimates and forecast, 2016 - 2026
Chapter 6. Temperature Sensor Market, By Application (Revenue, Shipments)
6.1. Key trends, by application
6.2. Chemical
6.2.1. Market estimates and forecast, 2016 - 2026
6.3. Oil & gas
6.3.1. Market estimates and forecast, 2016 - 2026
6.4. Consumer electronics
6.4.1. Market estimates and forecast, 2016 - 2026
6.5. Healthcare
6.5.1. Temperature Sensor Market estimates and forecast, 2016 - 2026
6.6. Automotive
Browse full table of contents (TOC) of this report @ https://www.gminsights.com/toc/detail/temperature-sensor-market
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Global Market Insights, Inc.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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