Press release
Expanding Role Of Temperature Sensors In The Growing Healthcare Sector: A Significant Driver Propelling The Temperature Sensor Market In 2025
Temperature Sensor
What Is the Temperature Sensor Market Size and Projected Growth Rate?
The market size of the temperature sensor has seen a substantial growth in the past few years. The market that was worth $9.48 billion in 2024, is now projected to reach a value of $10.15 billion in 2025 with a Compound Annual Growth Rate (CAGR) of 7.1%. The past growth is due to factors such as industrial automation, consumer electronics, energy efficiency initiatives, healthcare requirements, and food safety regulations.
In the coming years, the temperature sensor market is forecast to see significant expansion, reaching a whopping $14.56 billion in 2029 with a compound yearly growth rate of 9.4%. The expected growth in this period can be ascribed to factors like environmental observation, healthcare wearable devices, precision agriculture and farming, cold storage and logistics, and data center cooling. The key trends anticipated during this forecast period encompass the miniaturization and integration of IoT, non-contact temperature detection, wireless temperature surveillance, industrial automation, and high-precision sensors.
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What Are the Major Segments in the Temperature Sensor Market?
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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What Are The Driving Temperature Sensor Market Evolution?
The expansion of the healthcare industry is significantly fueling the temperature sensor market's growth. With the healthcare sector's growth, the need for temperature sensors to ensure reliable and accurate tracking of vital temperatures has never been greater. These sensors find their usage in diverse medical equipment such as sleep apnea machines, digital thermometers, blood analyzers, anesthesia delivery machines, neonatal intensive care units for patient temperature monitoring, ventilators, medical incubators, apparatus for humidified oxygen heater temperature monitoring and control, and kidney dialysis machines. For instance, a report by the India Brand Equity Foundation (IBEF) predicted that the healthcare sector would touch USD372 billion by 2022. Hence, the escalating healthcare industry is expected to accelerate the temperature sensor market in the forthcoming years.
Which Firms Dominate The Temperature Sensor Market Segments?
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
What Trends Are Expected to Dominate the Temperature Sensor Market in the Next 5 Years?
Technological progression is significantly influencing the temperature sensor market. The primary players in the temperature sensor market are concentrating on initiating technologically superior temperature sensor devices to reinforce their market stance. For example, in July 2022, Apple, the technology firm based in the US, incorporated temperature sensors into its Apple Watch Series 8 and Apple Watch Ultra editions. These timepieces come with two temperature sensors: one positioned on the back crystal near the skin, and another just below the display. These sensors are engineered to track wrist temperatures during the user's sleep, capturing readings every five seconds. The recorded temperature information is stored in the Health app, where users can monitor the changes in their body temperatures during sleep.
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Which Is The Largest Region 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.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Temperature Sensor Market?
2. What is the CAGR expected in the Temperature Sensor Market?
3. What Are the Key Innovations Transforming the Temperature Sensor Industry?
4. Which Region Is Leading the Temperature Sensor Market?
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