Temperature Sensors: Global Markets
Report Highlights
The global market for temperature sensors is expected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028.
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
Report Scope
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.
Sensors are important elements for the majority of technology products being built today, and their application areas cover products from simple switches and temperature-sensing devices as part of the most basic home appliances to sophisticated manufacturing equipment and factory automation systems. 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.
Frequently Asked Questions (FAQs)
- By Technology.
- By Industry.
- By Region.
Analyst Credentials
BCC Research Team possesses expertise and experience in life and physical science domains. They specialize in offering valuable business insights, including industry analysis, competitor intelligence, strategic and financial analysis, and opportunity assessment. The team has in-depth knowledge of various sectors, including healthcare, biotechnology, pharmaceuticals, IT, automation, advanced materials, and energy. They are proficient in qualitative and quantitative market intelligence providing clients with actionable insights. With a vast understanding of the competitive landscape, the team can support clients in making data-driven decisions to help them achieve a competitive edge in their respective markets.
Report Synopsis
| Report Metrics | Details |
| Base year considered | 2022 |
| Forecast period considered | 2023-2028 |
| Base year market size | $6.9 billion |
| Market size forecast | $9.0 billion |
| Growth rate | CAGR of 4.3% from 2023 to 2028 |
| Units considered | $ Millions (Revenue) and Million Units (Volume) |
| Segments covered | By Technology, Industry and Region |
| Regions covered | The Americas, Europe, Asia-Pacific, and the Middle East and Africa (MEA) |
| Key Market Drivers |
|
| Companies studied |
|
Report Highlights
The global temperature sensors market should reach $10.5 billion by 2023 from $8.1 billion in 2018 at a compound annual growth rate (CAGR) of 5.2% for the period 2018-2023.
Report Includes
- 41 data tables
- An overview and industry analysis of the global market for temperature sensors within the industry
- Analyses of global market trends, with data from 2017, estimates for 2018, and projections of compound annual growth rates (CAGRs) through 2023
- Characterization and quantification of market potential for temperature sensors by type, application areas and geographical regions
- An assessment of market dynamics and identification of growth driving factors and recent innovations that affect the temperature sensor market
- Discussion of the major manufacturers across each regional market
- Emphasis on the vendor landscape and includes detailed profiles of the major vendors in the global temperature sensor market, including Ametek, Amphenol Corp., Badger Meter, Inc., Delphi Technologies, Honeywell International and Panasonic Corp.
Report Highlights
Report Includes
- An overview of the global market for sensors in various applications; this report focuses on Temperature Sensors
- Analyses of global market trends, with data from 2011 and 2012, estimates for 2014, and projections of compound annual growth rates (CAGRs) through 2019
- Explanations of the role of sensors in various applications, the technology and innovation behind sensor development and production, and major market trends both in terms of region and application sector
- Evaluations of new developments in the sensors industry with respect to continuous improvements in environmental performance
- Comprehensive company profiles of major players.