Press release
Temperature Sensor Market: Exploring the Growth Path, Major Players, Trends and Market Size Forecasts
What Is The Projected Market Size Of The Global Temperature Sensor Market And Its Growth Rate?
•The temperature sensor market posted robust growth from $9.48 billion in 2024 to $10.15 billion in 2025 with a compound annual growth rate (CAGR) of 7.1%. Factors including industrial automation, consumer electronics, and healthcare needs fuelled this rise.
•Expectations for market size reflect a steady increase, with projections of $14.56 billion by 2029 and a compound annual growth rate (CAGR) of 9.4%.
•Growth can be attributed to elements such as environmental monitoring, healthcare wearables, precision farming, and data center cooling.
What Is Driving The Growth In The Temperature Sensor Market?
The impetus behind the growth of the temperature sensor market lies significantly in the burgeoning healthcare sector. The increasing business within the healthcare sector necessitates the utility of temperature sensors for reliable and precise temperature monitoring. These sensors find extensive use in a range of equipment include ventilators, kidney dialysis machines, and neonatal intensive care units. For instance, the healthcare sector is predicted to hit the mark of USD372 billion by 2022 according to a report by the India Brand Equity Foundation (IBEF). This predicted growth within the healthcare sector will act as a major driver for the temperature sensor market in the forthcoming years.
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Who Are the Key Players Driving Temperature Sensor Market Growth?
Prominent companies operating in the temperature sensor market include:
•Siemens AG
•NXP Semiconductors N.V.
•Infineon Technologies AG
•Texas Instruments Incorporated
•Denso Corporation
•Tyco Electronics Ltd Connectivity
•Omron Corporation
•Sensor Scientific Inc
•Chicago Telephone Supply Corporation
•WIKA Instruments India Pvt. Ltd.
What Are The Key Trends In The Temperature Sensor Market?
Major trends shaping the temperature sensor market include:
•Miniaturization and IoT integration
•Non-contact temperature sensing
•Wireless temperature monitoring
•Industrial automation
•High-precision sensors
What Are The Segments Of The Global Temperature Sensor Market?
The global temperature sensor market can be segmented as follows:
•By Product Type: Contact Temperature Sensors, Non-Contact Temperature Sensors
•By Output: Digital, Analog
•By Connectivity: Wired, Wireless
•By End-User: Manufacturing Industry, Aerospace Industry, Energy Sector, Electronics Industry, HVAC Industry, Other End-Users
Which Region Leads The Temperature Sensor Market?
Asia-Pacific took the lead as the largest region in the temperature sensor market in 2024. The region is also projected to be the fastest-growing region during the forecast period. The temperature sensor market report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What Is Covered In The Temperature Sensor Market Global Market Report?
- Market Size Analysis: Analyze the Temperature Sensor Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Temperature Sensor Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Temperature Sensor Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Temperature Sensor Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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