Temperature Sensor Market Size 2023: Global Share, Industry And Report Analysis By 2030 | Microchip Technology Inc. NXP Semiconductors N.V. Okazaki Manufacturing Co.

Temperature sensor market is anticipated to grow at a CAGR of 5.8% during the forecast period (2024-2031). The global temperature sensor market is driven by the rising demand for temperature sensors in end-user industries such as healthcare, oil & gas, and food & beverage among others. Further, technological advancements in temperature sensing, such as multi-parameter temperature sensing, IoT-enabled sensors, and integration in consumer electronics, have increased the application scope for the product.

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The rising need to monitor perishable goods such as food, beverages, and pharmaceuticals in manufacturing units has driven the demand for temperature sensors in the food industry. In the automobile industry, temperature sensors are used to transmit and notify heat levels for automotive systems. Temperature sensors are used to maintain optimum temperatures in commercial and residential buildings, maintain worker safety in oil mining sites, and monitor temperature for chemical reactions in the chemical industry among others, creating scope for the growth of the product. To meet the increasing demand for temperature sensors across industries key players are launching new sensors. For instance, in September 2023, E+E Elektronik introduced the HTS801, a powerful humidity and temperature sensor for industrial applications on the market. The HTS801 sensing probes include a premium, heatable sensing element for accurate measurements, ensuring long-term stability even in the most complex environments.

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• Market Coverage
• Market number available for - 2024-2031
• Base year- 2024
• Forecast period- 2024-2031
• Segment Covered- By Source, By Product Type, By Applications
• Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
• Inc., and others

Market Segmentation
Global Temperature Sensor Market by Product Type
o Contact Temperature Sensors
o Thermocouples
o Resistive Temperature Detectors
o Thermistors
o Temperature Sensor ICs
o Bimetallic Temperature Sensors
o Non-contact Temperature Sensors
o Infrared Temperature Sensors
o Fiber Optic Temperature Sensors

Global Temperature Sensor Market by Connectivity
o Wired
o Wireless

Global Temperature Sensor Market by End-User
o Chemicals
o Oil & Gas
o Consumer Electronics
o Energy & Power
o Healthcare
o Automotive
o Food & Beverages
o Aerospace & Defense

Regional Analysis
o North America
o United States
o Canada
o Europe
o UK
o Germany
o Italy
o Spain
o France
o Rest of Europe
o Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of Asia-Pacific
o Rest of the World
o Latin America
o Middle East and Africa

Company Profiles
o Amphenol Corp.
o DENSO Corp.
o Emerson Electric Co.
o Endress+Hauser AG
o Infineon Technologies AG
o Kongsberg Gruppen ASA
o Microchip Technology Inc.
o NXP Semiconductors N.V.
o Okazaki Manufacturing Co.
o OMRON Corp.
o Renesas Electronics Corp.
o Siemens AG
o TDK Corp.
o TE Connectivity Corp.
o Texas Instruments Inc.

The Report Covers
• Market value data analysis of 2023 and forecast to 2031.
• Annualized market revenues ($ million) for each market segment.
• Country-wise analysis of major geographical regions.
• Key companies operating in the global temperature sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
• Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
• Analysis of market-entry and market expansion strategies.
• Competitive strategies by identifying 'who-stands-where' in the market.

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