Temperature Sensors Market Size Report Analysis, Share, Revenue, Growth Rate With Forecast Overview

3
others

Summary

There has been a significant presence of temperature sensors in the market for more than four decades and are the most commonly used devices for temperature measurement and controlling purposes.

Press Release

Amazon Music Disney Promo

Market Overview

The global temperature sensors Market valued at USD 6398.52 million in 2022, is expected to reach a value of USD 9790.93 million by 2031, at a CAGR of 7.39%, during the forecast period There has been a significant presence of temperature sensors in the market for more than four decades and are the most commonly used devices for temperature measurement and controlling purposes. Technological advancements are helping aid the market growth

-Market is witnessing the evolution of temperature sensors into smart sensors, by offering features, such as wireless connectivity, remote monitoring, automatic calibration, etc. -Wearables are attracting growing attention in the market, coupled with miniature, integrated sensors that are worn as garments or accessories. These devices are currently increasing the potential of temperatures sensor market.

Scope of the Report

The automotive, chemical, oil and gas, steel, consumer electronics, medical sectors show a strong ground for temperature sensors market. RTDs growing market is a reflection of its usage to measure the temperature at higher ranges with more accuracy in comparison to thermocouples or thermistors. The PRTs which makes use of Platinum, are more precise in measurements and stable as it doesn’t require a cold junction compensation as thermocouples do.

Click Here to Download Sample Report >> https://www.sdki.us/sample-request-78693

Consumer Electronics segment to witness highest growth

  • The trending wearable gadgets, such as bands and smartwatches, advanced ultra-thin personal computers and tablets, and smart home gadgets, make use of temperature sensors to work efficiently.
  • More businesses in wearable segment are closely working on improving the reliability of temperature readings with more easy to wear devices like t-shirts/workwear, in-ear devices, patches and head gears specifically for consumers at large.
  • Trends in the personal computing industry, such as smaller system size, faster processors, and the need to support more advanced applications make monitoring and controlling heat more important than before.

North America is expected to hold the major market share

  • The United States is the second largest producer of passenger car vehicles after China, according to the German Association of Automotive Industry. The use of temperature sensor in HVAC system contributes the most after applications in consumer/home electronics
  • The Oil & Gas, Automotive, Consumer Electronics sectors are the largest sources of demand for the temperature sensors in the country