It’s Only Common Sense: Stop Pitching, Start Listening
Trouble in Your Tank: Causes of Plating Voids, Pre-electroless Copper
Dan’s Biz Bookshelf: ‘Growth Hacker Marketing’
Global Temperature Sensor Market 2018-2023
June 7, 2018 | PRNewswireEstimated reading time: 1 minute
The temperature sensor market is estimated to grow from USD 5.62 Billion in 2018 to USD 7.48 Billion by 2023, at a CAGR of 5.9% between 2018 and 2023.
The growth of this market can be attributed to the increasing penetration of temperature sensors in advanced and portable healthcare equipment.
This report segments the temperature sensor market by product type, end-user industry, and region. By product type, the temperature sensor market has been segmented into contact-type temperature sensor and non contact-type temperature sensor. The market for contact-type temperature sensor is expected to grow at a higher CAGR between 2018 and 2023 owing to the various advantages of these sensors, such as easy handling, increased throughput rates, fast response time, high flexibility, and prolonged service life.
By end-user industry, the temperature sensor market has been segmented into chemicals, oil & gas, consumer electronics, energy & power, automotive, healthcare, food & beverages, metals & mining, advanced fuels, aerospace & defense, glass, and pulp & paper. The chemicals end-user industry is expected to dominate the temperature sensor market during the forecast period.
Growing demand for advanced and portable healthcare equipment is driving the temperature sensor market. With the onset of technologies such as advanced patient monitoring systems and portable health monitoring systems, demand for temperature sensors is on the rise. Temperature control plays an important role in food safety management. In food safety management, temperature controlling or monitoring is required in various stages, such as cooking, hot holding, reheating, refrigeration, cooling, freezing, and defrosting.
Temperature Sensor Market
Temperature sensors are used in personal computers mainly for controlling and monitoring the temperature of CPU. Generally, 3-5 temperature sensor ICs are used in desktops and laptops. As computers/desktops and laptops are vulnerable to overheating, measuring and controlling temperature is of utmost importance. Hence, personal computers (PCs) have contributed significantly to the growth of the temperature sensor market. However, the introduction of smartphones and tablets has impacted the shipment of PCs. Hence, the declining trend of the PC market has adversely affected the growth of the temperature sensor market.
The temperature sensor market in APAC is expected to grow at the highest CAGR during the forecast period. APAC has strong demand for consumer equipment, including portable healthcare electronics and white goods. In addition, the increasing industrial automation, especially in automotive and food & beverages sectors, will generate more demand for temperature sensors in APAC.
Share on:
Suggested Items
Barnes Aerospace Appoints George Whittier as CEO
05/12/2025 | BUSINESS WIREBarnes Aerospace, a global provider of component repair services and manufacturer of highly-engineered parts primarily for aeroengines and an operating division of Barnes Group Inc., announced the appointment of George Whittier to the newly created role of CEO, effective May 12, 2025.
'Chill Out' with TopLine’s President Martin Hart to Discuss Cold Electronics at SPWG 2025
05/02/2025 | TopLineBraided Solder Columns can withstand the rigors of deep space cold and cryogenic environments, and represent a robust new solution to challenges facing next generation large packages in electronics assembly.
Kitron: Q1 2025 - Strong Start to the Year
04/25/2025 | KitronKitron reported first-quarter results characterised by continued momentum in the Defence & Aerospace market sector and a growing order backlog.
RTX's Collins Aerospace Enhances Capabilities to Speed Marine Corps Decision-making in Battle
04/22/2025 | RTXCollins Aerospace, an RTX business, successfully demonstrated new technology that helps the military gather and use information from a wider range of sources at Project Convergence Capstone 5, a large-scale military exercise.
AdvancedPCB Appoints Gary Stoffer as Chief Commercial Officer
04/18/2025 | PRNewswireAdvancedPCB is proud to announce the appointment of Gary Stoffer as its new Chief Commercial Officer (CCO). In this role, Stoffer will lead all sales, marketing, and commercial strategy initiatives as the company continues its mission to deliver cutting-edge PCB solutions to industries worldwide.