The Global Temperature Sensors Market was valued at USD 5.14 billion in 2016, and is projected to reach a value of USD 7.705 billion by end of 2022. The market is projected to grow at a CAGR of 6.98% over the forecast period of 2017-2022.
Temperature sensors are experiencing growth in adoption with increasing demand from automotive industry and R&D fields. Growth in connected technologies and increasing adoption for IoT systems in consumer electronics is creating demand for temperature sensors. These sensors are deployed for a vast range of applications in multiple industries for temperature sensing and monitoring. They are used in HVAC systems for temperature monitoring and control. These systems are finding applications in safety systems in industries to improve floor safety and provide better work environments. Innovations in sensor technology and growth in wireless sensors is driving the growth of the industry.
Temperature sensors are finding applications in many industries for multiple operation. Food industries are deploying temperature for production and monitoring to maintain consistency and quality. Wireless temperature sensors are witnessing increasing demand in monitoring applications. Also, increasing focus on workplace safety is driving the deployment of temperature sensors for work floor monitoring. These sensors are also being employed for automated safety triggers. Consumer electronics are also expected to drive the demand for temperature sensors. Intense competition in consumer electronics industry is pushing OEMs to offer new features in devices, driving the growth temperature sensors. However, availability of multiple technologies in this market is challenging the growth of this industry.
Global Temperature Sensor Vendor Market Share 2015
Global Temperature sensors market has been segmented Type (Wired and Wireless), by Technology (Resistive Temperature Detector (RTD), Infrared Temperature Sensor, Thermistor, Fiber Optic, Thermocouple, IC Temperature Sensor, Bimetallic, MEMS bases, and Others), by industry (Consumer Electronics, Automotive, Aerospace and Defense, Healthcare, Chemical, Oil & Gas, Energy and Power, Food & Beverage, Retail sector, and Manufacturing), and by region into North America, Europe, Asia-Pacific, Latin America, Middle East and Africa.
The report also considers key trends that will impact the industry and key profiles of leading suppliers of Temperature sensors which include Texas Instruments Incorporated, Panasonic Corporation, Siemens AG, Honeywell International Inc., ABB Ltd., Analog Devices, Inc., General Electric, Kongsberg Gruppen, Emerson Electric Company, STMicroelectronics, Microchip Technology Incorporated, NXP Semiconductors N.V., Maxim Integrated Products, and Mouser Electronics among others. North America holds the largest market share in this industry followed by Europe. Matured markets in these regions has facilitated the deployment of these systems. While, improving economic conditions and growing industrial trends is driving the market in Asia-Pacific which is expected to be fastest growing regions over the forecast period of 2017-2022.
Global Temperature Sensor Market Share By Region
This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of top players which includes the key growth strategies, geographical footprint, and competition analysis.
This Report Offers:
- Market Definition for Temperature Sensors along with identification of key drivers and restraints for the market.
- Market analysis for the Global Temperature Sensors Market, with region specific assessments and competition analysis on a global and regional scale.
- Identification of factors instrumental in changing the market scenarios, rising prospective opportunities and identification of key companies which can influence the market on a global and regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market shares.
- Identification and analysis of the Macro and Micro factors that affect the Temperature Sensors market on both global and regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
1.1 Study Assumptions
1.2 Study Deliverables
1.3 Key Findings of the Study
1.4 Market Definition
2. Research Methodology
3. Executive Summary
4. Market Dynamics
4.1 Market Overview
4.2.1 Growing Application of Temperature sensors in industries
4.2.2 Increasing focus on workplace safety
4.2.3 Increasing demand for consumer electronics
4.3.1 Availability of multiple technologies
4.4.1 Increasing adoption in developing nations
4.4.2 Growing innovations in MEMS technology
4.5 Industry Attractiveness - Porter's 5 Force Analysis
4.5.1 Bargaining Power of Suppliers
4.5.2 Bargaining Power of Consumers
4.5.3 Threat of New Entrants
4.5.4 Threat of Substitute Products or Services
4.5.5 Competitive Rivalry among Existing Competitors
4.6 Industry Value Chain Analysis
5. Technology Snapshot
6. Global Temperature Sensors Market Segmentation - Market Share, Trends, Forecast (2016-2021)
6.1 By Sensor Type
6.1.1 Wired Sensors
6.1.2 Wireless Sensors
6.2 By Technology
6.2.1 Resistive Temperature Detector (RTD)
6.2.2 Infrared Temperature Sensor
6.2.4 Fiber Optic
6.2.6 IC Temperature Sensor
6.2.8 MEMS bases
6.3 By Industry
6.3.1 Consumer Electronics
6.3.3 Aerospace and Defence
6.3.6 Oil & Gas
6.3.7 Energy and Power
6.3.8 Food & Beverage
6.3.9 Retail sector
6.4 By Region
6.4.1 North America
22.214.171.124 United States of America
126.96.36.199 United Kingdom
6.4.4 Latin America
6.4.5 Middle East and Africa
188.8.131.52 United Arab Emirates
184.108.40.206 Saudi Arabia
7. Vendor Market Share Analysis
8. Competitive Landscape - Company Profiles
8.1 Texas Instruments Incorporated
8.2 Panasonic Corporation
8.3 Siemens AG
8.4 Honeywell International Inc.
8.5 ABB Ltd.
8.6 Analog Devices, Inc.
8.7 General Electric
8.8 Kongsberg Gruppen
8.9 Emerson Electric Company
8.11 Microchip Technology Incorporated
8.12 NXP Semiconductors N.V.
8.13 Maxim Integrated Products
8.14 Mouser Electronics
9. Investment Analysis
9.1 Recent Mergers and Acquisitions
9.2 Investment Opportunities
10. Future of Global Temperature Sensors Market
- Texas Instruments Incorporated
- Panasonic Corporation
- Siemens AG
- Honeywell International Inc.
- ABB Ltd.
- Analog Devices, Inc.
- General Electric
- Kongsberg Gruppen
- Emerson Electric Company
- Microchip Technology Incorporated
- NXP Semiconductors N.V.
- Maxim Integrated Products
- Mouser Electronics