Global Temperature Sensor Market 2017-2021

This industry research report identifies Honeywell International, Microchip Technology, NXP Semiconductors, and Panasonic as the key vendors in the global temperature sensor market. This industry research report also presents a detailed analysis of the market by application (consumer electronics, HVAC, food and beverage, automotive, oil and gas, and others) and by geography (the Americas, APAC, and EMEA).

Overview of the global temperature sensor market

Temperature sensors are primarily used in the food and beverage industry to check the temperature for quality assurance of the food products. The temperature in the production and storage stages must be optimum to ensure the quality and freshness of the packaged food products. Technavio’s market study identifies the increasing applications of temperature sensors in the food and beverage industry to be one of the primary growth factors for the temperature sensor market. Temperature sensors continuously monitors the temperature and alerts the workers of any deviation in temperature. Our market analysts estimate that the market will grow steadily at a CAGR of almost 12% by 2021.

The demand for contactless temperature sensors is steadily increasing in the temperature monitor market due to their convenience and ease of use. Due to their reduced complexity in comparison to contact temperature sensors, conveniently in hazardous environments such as places that are exposed to radiation and microwaves. These contactless temperature sensors monitor temperature with high accuracy due to the integrated data acquisition system. Their small size improves their chances for micro-focusing beamlines. The increasing demand for contactless temperature sensors is identified to be one of the key factors having a positive impact on the temperature sensor market. 

Competitive landscape and key vendors

The temperature sensor market is moderately fragmented owing to the presence of several international, regional, and local vendors. Growing demand from end-user industries such as consumer electronics, automobiles, and defense and aerospace. Owing to the intense competition, the established players are investing heavily in R&D to develop advanced sensors that can cater to the diversified markets. Consolidation of established players are resulting in price wars. Also, the temperature monitor market is witnessing increasing number of new entrants.

The leading vendors in the market are

• Honeywell International
• Microchip Technology
• NXP Semiconductors
• Panasonic

The other prominent vendors in the market are ABB, Analog Devices, Emerson, Maxim Integrated, and Siemens.

Segmentation by application and analysis of the temperature sensor market

• Consumer electronics
• HVAC
• Food and beverage
• Automotive
• Oil and gas

Temperature sensors are used in several oil and gas applications in upstream, midstream, and downstream processes. These sensors are used to detect the temperature of oil wells and are installed in reactors, pumps, and steam drums. As the sensors need to be immersed during oil exploration, the demand for non-contact infrared sensors that can operate under high temperature and can be exposed to corrosion is increasing. These factors are influencing the growth of this segment in the temperature monitor market.

Geographical segmentation and analysis of the temperature sensor market

• Americas
• APAC
• EMEA

The Americas will be the major revenue contributor to the temperature monitor market due to the growing construction of smart homes and the growth of the automotive industry. Furthermore, the extensive industrial growth and the growing demand for consumer electronics, will also contribute to the growth of the temperature sensor market in the Americas.

Key questions answered in the report include

• What will the market size, market forecast and the growth rate be in 2021?
• What are the key factors driving the global temperature sensor market?
• What are the key market trends impacting the growth of the global temperature sensor market?
• What are the challenges to market growth?
• Who are the key vendors in the global temperature sensor market?
• What are the market opportunities and threats faced by the vendors in the global temperature sensor market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global temperature sensor market?