What is the Current and Forecasted Size of the Temperature Sensor Market?
The temperature sensor market size has exhibited strong growth in recent years, expanding from $9.48 billion in 2024 to an estimated $10.15 billion in 2025 at a compound annual growth rate (CAGR) of 7.1%. This increase can be attributed to various factors such as industrial automation, consumer electronics, energy efficiency initiatives, and healthcare needs. Looking forward, the market is projected to reach $14.56 billion in 2029, growing at a CAGR of 9.4%. Future growth is expected to be driven by environmental monitoring, healthcare wearables, agriculture and precision farming, and data center cooling, among other factors.
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What Factors Are Driving the Temperature Sensor Market Growth?
The temperature sensor market is significantly influenced by the burgeoning expansion of the healthcare sector. Temperature sensors are widely used in various types of medical equipment including sleep apnea machines, digital thermometers, and kidney dialysis machines, underpinning their indispensable role in the healthcare industry. According to a report by the India Brand Equity Foundation (IBEF), the healthcare sector is estimated to reach USD 372 billion by 2022, indicating promising prospects for the temperature sensor market.
What Are the Major Segments within the Global Temperature Sensor Market?
1) By Product Type: Contact Temperature Sensors, Non-Contact Temperature Sensors
2) By Output: Digital, Analog
3) By Connectivity: Wired, Wireless
4) By End-User: Manufacturing Industry, Aerospace Industry, Energy Sector, Electronics Industry, HVAC Industry, Other End-Users
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Which Major Companies Are Operating in the Temperature Sensor Market?
Major firms operating in the temperature sensor market include Siemens AG, Infineon Technologies AG, Texas Instruments Incorporated, Denso Corporation, Tyco Electronics Ltd Connectivity, Sensor Scientific Inc., Chicago Telephone Supply Corporation., WIKA Instruments India Pvt. Ltd., Keyence Corporation, Kelvin Technologies Inc., Honeywell International Inc., Maxim Integrated, Emerson Electric Co., Kongsberg, Microchip Technology Inc., Panasonic Corporation, Fluke Corporation, Analog Devices Inc., and Micro-Epsilon, among several others.
What are the Emerging Trends in the Temperature Sensor Market?
In the face of increasing technological advancements, key industry players are focusing on developing advanced technological temperature sensor devices to strengthen their market position. In July 2022, for instance, Apple introduced temperature sensors in its Apple Watch Series 8 and Apple Watch Ultra models, further highlighting the growing integration of temperature sensors in wearable technology.
Which Region Holds the Largest Market Share in the Temperature Sensor Market?
Asia-Pacific accounted for the largest share in the temperature sensor market in 2024 and is projected to be the fastest-growing region during the forecast period. The temperature sensor market report also covers other regions including Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
What Does The Temperature Sensor Market Report 2025 Offer?
A temperature sensor is an electronic device used for recording, monitoring, or signaling temperature changes by measuring the temperature of its environment and converting it into electronic data. The Temperature Sensor Market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
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