Temperature Sensors: Global Strategic Business Report

Global Temperature Sensors Market to Reach $9.8 Billion by 2030

The global market for Temperature Sensors estimated at US$5.6 Billion in the year 2022, is projected to reach a revised size of US$9.8 Billion by 2030, growing at a CAGR of 7.2% over the analysis period 2022-2030. Contact, one of the segments analyzed in the report, is projected to record 6.1% CAGR and reach US$5.2 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the Non-Contact segment is readjusted to a revised 8.6% CAGR for the next 8-year period.

The U.S. Market is Estimated at $1.5 Billion, While China is Forecast to Grow at 10.9% CAGR

The Temperature Sensors market in the U.S. is estimated at US$1.5 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2030 trailing a CAGR of 10.9% over the analysis period 2022 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4.5% and 5.9% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 5.5% CAGR.

Select Competitors (Total 116 Featured) -

• ABB Ltd.
• Amphenol Advanced Sensors
• Analog Devices, Inc.
• Endress+Hauser AG
• Global Mixed-mode Technology Inc.
• Gunther GmbH Temperaturmesstechnik
• Honeywell Sensing and Control
• Integrated Device Technology, Inc.
• Kongsberg Defence & Aerospace AS
• Microchip Technology, Inc.
• Okazaki Manufacturing Company
• Omega Engineering, Inc.
• ON Semiconductor Corporation
• STMicroelectronics NV
• TE Connectivity Ltd.
• Texas Instruments, Inc.
• Yamari Industries Limited

What's New?

• Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
• Global competitiveness and key competitor percentage market shares
• Market presence across multiple geographies - Strong/Active/Niche/Trivial
• Online interactive peer-to-peer collaborative bespoke updates
• Access to digital archives and Research Platform
• Complimentary updates for one year