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DUBLIN–(BUSINESS WIRE)–The “Temperature Sensors: Global Markets” report has been added to ResearchAndMarkets.com’s offering.
The global market for temperature sensors is expected to grow from USD 7.3 USD in 2023 to USD 9 USD by the end of 2028, at a compound annual growth rate (CAGR) of 4.30% from 2023 through 2028.
The report provides an overview of the temperature sensors global market value and volume and analyzes its trends. Using 2022 as the base year, the report provides estimated market data for the forecast period from 2023 through 2028. Revenue forecasts for this period are segmented by technology type, industry, and geographical region. It also highlights major trends and challenges that affect the market, concluding with an analysis of the vendor landscape and including detailed profiles of major players in the global temperature sensors market.
Microtechnology has revolutionized the electronics industry, and miniaturization has now become a standard part of any system. Industrial requirements have increased, indicating room for growth in sensor usage. Automotive safety markets have reacted swiftly, creating demand for temperature sensors.
Technological Advancements and Applications
Temperature sensors have become smarter with the introduction of microcontrollers, wireless communication, and other smart functions. The demand for these sensors is growing steadily; so is the demand for temperature meters working in harsh environments. Over the years, the sensors have evolved in terms of sensitivity, reliability, compactness, and versatility as a consequence of the ever-growing need for enhanced technology. An overall trend away from contact technologies toward radiation technologies can be observed, especially in high-temperature applications. Wireless sensors are also advancing, especially for improving HVAC systems in commercial buildings.
Market Dynamics and Growth Factors
Major drivers of the temperature sensor market include the growing demand for smart connected devices, industrial and home automation devices, and an increase in the development of connected and autonomous vehicles. Pricing and the maturity of critical end-user segments act as restraints to this market, whereas advances in MEMS sensors (micro-electromechanical systems sensors) and nanotechnology applications present future opportunities.
Report Includes
50 data tables and 35 additional tables
An overview of the global market for temperature sensors
Analysis of global market trends, featuring historical revenue data for 2022, estimated figures for 2023, forecasts for 2026-2028 and projections of compound annual growth rates (CAGRs) through 2028
Evaluation of the current market size and revenue growth prospects for temperature sensors, along with a market share analysis by technology, industry and geographic region
Coverage of the history and development of modern sensors, a life cycle assessment, and value chain processes for temperature sensors
An assessment of market dynamics and identification of the factors and recent innovations that are affecting the temperature sensor market
Identification of those market segments with the highest growth potential and their future applications
Discussion of the major manufacturers in each region
Profiles of leading market participants
Company Profiles
Amphenol Corp.
Analog Devices Inc.
Baumer
Emerson Electric Co.
Endress+Hauser Group Services Ag
Honeywell International Inc.
Murata Manufacturing Co. Ltd.
STMicroelectronics
TE Connectivity
TDK Corp.
Key Attributes:
Report Attribute
Details
No. of Pages
112
Forecast Period
2023 – 2028
Estimated Market Value (USD) in 2023
$7.3 USD
Forecasted Market Value (USD) by 2028
$9 USD
Compound Annual Growth Rate
4.3%
Regions Covered
Global
Key Topics Covered:
Chapter 1 Executive Summary
Market Outlook
Market Summary
Scope of the Report
Technological Advancements and Applications
Market Dynamics and Growth Factors
Future Trends and Developments
Segmental Analysis
Regional Insights and Emerging Markets
Conclusion
Chapter 2 Market Overview
Temperature Sensors Overview
Porter’s Five Forces Analysis of Temperature Sensors
Bargaining Power of Buyers
Bargaining Power of Suppliers
Threat from Substitutes
Potential of New Entrants
Competition in the Industry
Value Chain Analysis of Temperature Sensors
Research & Development
Raw Material Suppliers
Temperature Sensor Manufacturers
Suppliers and Distributors
End Users
Future of Temperature Sensors
Chapter 3 Market Dynamics
Market Dynamics
Market Drivers
Growing Demand for Smart Connected Devices, Industrial and Home Automation Devices
Massive Infrastructural Development in Terms of Smart Cities, Factory Automation, and Industry 4.0
IO-Link: Intelligent Communication Technology
Increasing Use of MEMS Temperature Sensors
Market Challenges/Restraints
High Competition for Sensor Pricing
Trade War and Tech War Is Causing Slow Growth in Electronics Market
Chapter 4 Emerging Technologies and Developments
IoT Temperature Sensors
Flexible Temperature Sensors
Patent Analysis
Chapter 5 Market Segmentation Analysis
Segment Breakdown
Temperature Sensor Market by Technology
Thermocouple
Resistance Temperature Detector
Thermistor
Infrared
IC Digital
Others
Temperature Sensor Market by Industry
Automotive
Healthcare
Aerospace & Defense
Manufacturing
HVAC System
Consumer Electronics
Others
Geographic Breakdown
Temperature Sensor Market by Region
Americas
Europe
Asia-Pacific
Middle East and Africa
Chapter 6 Competitive Intelligence
Top Players in the Temperature Sensors Industry
Strategic Analysis
Recent Key Developments
M&A and Venture Capital Funding Outlook
M&A Analysis
Venture Capital (VC) Funding in Temperature Sensors Market
Chapter 7 Sustainability in Temperature Sensors Industry: An ESG Perspective
Overview
Current Status of ESG in the Temperature Sensors Market
ESG Practices in the Temperature Sensors Market
Concluding Remarks
Chapter 8 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/fbgm6h
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The post Temperature Sensors Global Markets Report 2024: Historical Revenue Data for 2022, Estimated Figures for 2023, Forecasts for 2026-2028 and CAGR Projections through 2028 – ResearchAndMarkets.com appeared first on Fintech News.
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