Press release
Key Trend Reshaping the Temperature Sensor Market in 2025: Focus On Launch Of Advanced Products By Integrating Temperature Sensor
Temperature Sensor Market Size
The expansion of the healthcare industry is playing a significant role in boosting the temperature sensor market. The escalating healthcare operations require the application of temperature sensors for reliable and accurate oversight of vital temperatures. These sensors find use in various equipment such as sleep apnea devices, digital thermometers, blood analyzers, anesthesia dispensing machines, neonatal intensive care units for patient temperature surveillance, medical ventilators, incubators, humidified oxygen heater temperature management apparatus, and kidney dialysis devices. An instance of this is the prediction by the India Brand Equity Foundation (IBEF) that the healthcare industry would surge to USD372 billion by 2022. Consequently, the burgeoning healthcare industry will propel the temperature sensor market in the forthcoming years.
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How will the growth rate of the temperature sensor market shape industry trends by 2034?
Recently, there has been significant growth in the size of the temperature sensor market. Its projected expansion takes it from $9.48 billion in 2024 to $10.15 billion in 2025, displaying a compound annual growth rate (CAGR) of 7.1%. The substantial growth during the historic period can be linked to factors such as industrial automation, consumer electronics developments, initiatives for energy efficiency, health care necessities, and food safety regulations.
The market size of the temperature sensor is projected to witness robust expansion in the coming years, potentially reaching a valuation of $14.56 billion by 2029, with a compound annual growth rate (CAGR) of 9.4%. The predicted growth during the forecast period may be due to several factors such as environmental monitoring, wearable healthcare devices, agriculture and precision farming, cold storage and logistics, and data center cooling. The forecast period is expected to see major trends like sensor miniaturization and integration with the Internet of Things (IoT), non-contact temperature sensing, wireless temperature monitoring, industrial automation, and high-precision sensors.
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What trends are poised to drive the future success of the temperature sensor market?
Technological progress is influencing the evolution of the temperature sensor market. Leading entities in the temperature sensor segment are striving to establish superior tech-powered temperature sensor equipment to fortify their market standing. For example, in July 2022, Apple, an American tech corporation, launched temperature sensors in its Apple Watch Series 8 and Apple Watch Ultra variants. These timepieces come with two temperature sensors - one located on the rear crystal near the skin and another below the screen. The sensors are engineered to record wrist temperature as the user sleeps, capturing data every five seconds. This temperature information is then preserved in the Health app, allowing users to monitor their overnight variations in body temperature.
Which primary segments of the temperature sensor market are driving growth and industry transformations?
The temperature sensor market covered in this report is segmented -
1) By Product Type: Contact Temperature Sensors, Non-Contact Temperature Sensors
2) By Output: Digital, Analog
3) By Connectivity: Wired, Wireless
4) By End-User: Manufacturing Industry, Aerospace Industry, Energy Sector, Electronics Industry, HVAC Industry, Other End-Users
Subsegments:
1) By Contact Temperature Sensors: Thermocouples, Resistance Temperature Detectors (RTDs), Thermistors, Bimetallic Temperature Sensors, Surface Temperature Sensors
2) By Non-Contact Temperature Sensors: Infrared Sensors, Thermal Imaging Cameras, Laser Temperature Sensors, Fiber Optic Temperature Sensors
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Which geographical regions are pioneering growth in the temperature sensor market?
Asia-Pacific was the largest region in the temperature sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the temperature sensor market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the influential players reshaping the temperature sensor market landscape?
Major 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., Keyence Corporation, Dwyer Instruments Ltd., Standex Electronics Inc., Thermocouple Technology LLC, Kelvin Technologies Inc., Thermo Sensors Corporation, Honeywell International Inc., Endress+Hauser Management AG, Maxim Integrated, Emerson Electric Co., Asea Brown Boveri, Kongsberg, Société de Techniques Microélectroniques, Amphenol Advanced Sensors, Sensata Technologies India Pvt. Ltd., Microchip Technology Inc., Omega Engineering Inc., Panasonic Corporation, Fluke Corporation, Danfoss A/S, Tokyo Denki Kagaku Kogyo Kabushiki-gaisha Corporation, Murata Manufacturing Co. Ltd., Vishay Intertechnology Inc., ON Semiconductor Corporation, Analog Devices Inc., Sensirion AG, Melexis NV, Elektronik Gesellschaft mit beschränkter Haftung, Heraeus Holding GmbH, Micro-Epsilon
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What Is Covered In The Temperature Sensor Global Market Report?
•Market Size Forecast: Examine the temperature sensor market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the temperature sensor market for a structured understanding.
•Key Players Overview: Analyze major players in the temperature sensor market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the temperature sensor market.
•Segment Contributions: Evaluate how different segments drive overall growth in the temperature sensor market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the temperature sensor market.
•Industry Challenges: Identify potential risks and obstacles affecting the temperature sensor market.
•Competitive Landscape: Review strategic developments in the temperature sensor market, including expansions, agreements, and new product launches.
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