Temperature Sensor Market Skyrockets to $9.66 Billion by 2030

­According to a new comprehensive report from The Insight Partners, “Temperature Sensor Market Size and Forecast (2020 - 2030), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Type, Connectivity, End User, and Geography”, the global temperature sensor market is observing significant growth. Growing demand for temperature sensing technologies among manufacturers across the globe is expected to boost the temperature sensor market during the forecast period.

Temperature sensing technologies are widely integrated into consumer electronics, automotive, communications, industrial, and enterprise sectors. The growth in the number of data center construction activities, increasing renewable energy and smart city projects, and significant government initiatives are propelling the temperature sensor market.

The report runs an in-depth analysis of market trends, key players, and future opportunities. A rise in demand for temperature sensors in industries such as semiconductor manufacturing, aerospace, healthcare & pharmaceuticals, food & beverages, energy & utilities, and data centers contributes significantly to the overall temperature sensor market growth.

Market Overview and Growth Trajectory:

Temperature Sensor Market Growth: According to an exhaustive report by The Insight Partners, the Temperature Sensor Market is experiencing significant growth, driven by miniaturization of temperature sensors and evolution of Industry 4.0. The market, valued at $6.01 Billion in 2022, is expected to grow at a Compound Annual Growth Rate (CAGR) of 6.3% during 2022–2030.

Rapid urbanization and rise in the global population drive the semiconductor manufacturing, consumer electronics, and automotive sectors. The expansion of the consumer electronics industry, coupled with the rising demand for smartphones, tablets, laptops, smartwatches, and desktop computers, contributes significantly to the expansion of the temperature sensor market size. Consumers are highly concerned about maintaining the device temperature and protecting their device from overheating, which reflects a high demand for temperature sensor features integrated into smartphones, smartwatches, tablets, laptops, and other consumer electronic devices. Thermocouple temperature sensors are highly integrated into smartphones and tablets to prevent overheating.

Growing Adoption Across Various Industries: Temperature sensors are used for various purposes across industries such as semiconductor manufacturing, aerospace, healthcare & pharma, food & beverage, energy & utilities, and data centers for accurately and efficiently monitoring the temperatures of a particular object or environment. These sensors are used for calculating the temperature of a certain object or environment. The growing use of temperature sensors helps industries measure temperature by tracking activities, which is propelling the market.

Increasing number of Data Centers: A growing number of data center construction activities worldwide is accelerating the market. Data centers are increasingly using temperature sensors to monitor key environments. A change in the data center’s temperature results in overheating and can cause downtime. The replacement of damaged equipment may incur huge expenses for the data center during downtime. For instance, according to the ASHRAE report of 2021, a data center requires a minimum of six temperature sensors per rack for monitoring the air inflow and exhaust temperatures. Similarly, high-density data centers most commonly use more than six temperature sensors per rack to measure more accurate temperature ranges, especially ambient temperature of 80°F. Thus, the growing number of data center construction activities has surged the demand for temperature sensors for measuring temperate ranges and overheating equipment.

Evolution of Industry 4.0: The introduction of Industry 4.0 brings several advances in the efficiency and productivity of industrial processes. Several industries use temperature sensors for generating real-time data based on temperature variation. Industries use this data for process optimization, predictive maintenance, and quality control, which further leads to a reduction in downtime, creating opportunities in the market. Temperature sensors are deployed to monitor complex industrial instruments and machines for monitoring their temperature range to maintain operational efficiency. The evolution of Industry 4.0 encourages technological advancements in nations such as China, the UK, the US, Japan, India, South Korea, Canada, and Germany, which is creating opportunities for market growth.

Temperature Sensor Market Segmentation, Applications, Geographical Insights:

• Based on type, the temperature sensor market is segmented into thermocouples, thermistors, resistance temperature detectors, infrared, and others. The thermocouple segment held the largest share of the temperature sensor market in 2022.
   
• Connectivity in temperature sensors refers to how the sensors transmit temperature data to monitoring or control systems. Connectivity can be wired or wireless. The wired segment held the largest share of the temperature sensor market in 2022.
   
• Based on end users, the temperature sensor market is segmented into semiconductor manufacturing, aerospace, healthcare & pharma, food & beverages, energy & utility, data centers, and others. The semiconductor manufacturing segment held the largest share of the temperature sensor market in 2022.
   
• The temperature sensor market is segmented into five major regions: North America, Europe, APAC, the Middle East and Africa, and South and Central America.