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Key Trends Influencing the Growth of the Temperature Sensor Market in 2025: Focus On Launch Of Advanced Products By Integrating Temperature Sensor
Stay ahead with our updated market reports featuring the latest on tariffs, trade flows, and supply chain transformations.What Is the Expected CAGR for the Temperature Sensor Market Through 2025?
In recent times, there has been a significant escalation in the size of the temperature sensor market. Projected growth sees it moving from a value of $9.48 billion in 2024 to approximately $10.15 billion in 2025, marking a compound annual growth rate (CAGR) of 7.1%. The unprecedented growth during the historic period can be credited to factors such as industrial automation, consumption of electronics, initiatives towards energy efficiency, the demands of healthcare, and food safety regulations.
What's the Projected Size of the Global Temperature Sensor Market by 2029?
In the foreseeable future, the market for temperature sensors is forecasted to experience robust expansion, reaching a value of $14.56 billion by 2029, with a compound annual growth rate (CAGR) of 9.4%. This projected growth during the forecast period can be accredited to areas such as environmental monitoring, healthcare wearables, precision agriculture, cold storage and logistics, and data center cooling. The period under forecast also reveals major trends, including miniaturization and integration with the Internet of Things (IoT), non-contact temperature sensing, wireless temperature monitoring, industrial automation, and highly precise sensors.
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Top Growth Drivers in the Temperature Sensor Industry: What's Accelerating the Market?
The expansion of the healthcare industry plays a substantial role in the surge of the temperature sensor market. The escalating healthcare operations necessitate the application of temperature sensors for reliable and exact monitoring of essential temperatures. These sensors find usage in a variety of medical machines, like sleep apnea ones, digital thermometers, blood analysis equipment, anesthesia delivery devices, neonatal intensive care units for patient temperature observation, ventilators, medical incubators, equipment for monitoring and controlling humidified oxygen heater temperatures, and kidney dialysis machines. For instance, as per a report by India Brand Equity Foundation (IBEF), the healthcare sector is projected to hit USD372 billion by 2022. Hence, the burgeoning healthcare industry fuels the growth of the temperature sensor market in future years.
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What Trends Will Shape the Temperature Sensor Market Through 2029 and Beyond?
Technological progressions are driving the growth of the temperature sensor market. To consolidate their market standings, leading players in this market are concentrating on the creation of technologically superior temperature sensor devices. As an example, the American tech giant Apple, in July 2022, incorporated temperature sensors into their Apple Watch Series 8 and Apple Watch Ultra models. These watches come with two temperature sensors; one situated near the skin on the back crystal, and another one just below the display. The sensors are engineered to monitor wrist temperature when the user is sleeping, taking measurements every five seconds. The collected temperature data is then stored in the Health app, which allows users to observe their overnight changes in body temperatures.
What Are the Main 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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Which Top Companies are Driving Growth in the Temperature Sensor Market?
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
Which Regions Will Dominate the Temperature Sensor Market Through 2029?
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.
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