According to the research, the Temperature Sensors Market is projected to reach a size of USD 9.35 billion in 2025, with expectations to grow to USD 12.68 billion by 2030. This represents a compound annual growth rate (CAGR) of 6.28% over the forecast period from 2025 to 2030.
The market growth is driven by the increasing adoption of temperature sensing in process industries such as oil and gas and chemicals. Sensors are required to prevent moisture, overheating, corrosion, and inefficient use of fuel. In addition, growing preference for smart homes and buildings and increasing use of temperature sensors in the consumer electronics industry will support the market growth over the forecast period.
This article will discuss the growth of temperature sensor in automation, healthcare, smart home and so on. In addition, it will talk about the future of temperature sensor.
Food Safety Management
Food is known to have a shelf life and is perishable, so maintaining temperature is very important in the food and beverage industry. Automatic temperature control and monitoring helps to ensure food safety during food processing, storage and transportation. In the food and beverage industry, these sensors are used at various stages of transportation from the warehouse to the retail store to regulate the temperature and preserve the quality and freshness of the food. In addition, some companies offer sensors specifically designed to measure the stringent High Temperature Short Time Test (HTST) requirements of pasteurization.
E.g. Peak Sensors Ltd provides these sensors and associated equipment for the food, beverage and catering industries to accurately measure temperature. It offers data loggers comprising these sensors for monitoring refrigerated transportation or refrigerated cabinets.
Home and Building Automation
With the development of smart homes, sensors are also being brought into a household and are considered an integral part of home and building automation networks. It helps in informing smart devices about the surroundings and detecting the ambient temperature in real time, thus improving the standard of living. One of the major sensors used in home and building automation is thermal sensors. These sensors are integrated into HVAC, fire detection and alarm systems, lighting control systems and smart thermostats to automatically control and manage temperature. Moreover, since these sensors help in indicating the ambient temperature, precautionary measures can be taken to ensure that the entire equipment is not damaged.
Portable Medical Equipment
The aging population and the surge of diseases have been an unavoidable problem in the current society. As more and more people enter old age, coupled with the blow to immunity brought about by large-scale epidemics, it will stimulate the demand for advanced portable medical equipment. Portable medical devices utilize thermal sensors to accurately measure and monitor temperature. Medical devices with built-in sensors are used to monitor body temperature during radiofrequency hyperthermia and to measure the patient’s body surface temperature during MRI, fMRI, or other specialized electrosurgical procedures.
The increasing use of these sensors in patient monitoring systems, digital temperature measurement systems, and life support machines is driving the demand for such sensors in healthcare. Moreover, rapid technological advancements in the healthcare sector and the need for miniaturization of devices will enhance the revenue of the temperature sensors market.
Automotive Industry
The electric vehicle market has been booming this year, and this has in part driven the increasing adoption of temperature sensors in the automotive industry. By controlling temperature, vehicle safety can be maintained, engine performance can be improved and emissions can be reduced. Various organic and inorganic strategies are being adopted by key players to develop advanced products and solutions, especially for the automotive industry. For instance, in August 2018, MS Motorservice International GmbH introduced an aftermarket exhaust gas temperature sensor specifically designed to withstand high temperatures in the range of – 40° to + 1,000°C for high accuracy. These sensors help monitor hot exhaust gas flow and protect temperature-sensitive components such as turbochargers from overheating.
In addition, governments have implemented vehicle safety and emission control standards. These measures will prompt automotive companies to deploy these sensors in their vehicles, thereby increasing the demand from the automotive industry.
Temperature Sensors Market Trends
As can be seen from the above, temperature sensors play an important role in a number of fields, and the sensor market is booming. The future trends of temperature sensors will be represented by representative fields and markets with growth potential as typical examples.
Infrared temperature sensors drive market growth
- Unlike many contact temperature sensors, IR temperature sensors can be used to take readings from moving objects at speeds of less than 10 m/s. These advantages of temperature sensors enable them to be used in a wide range of applications in various fields, including manufacturing, automotive, food processing, and defense.
- In addition to this, infrared temperature sensors can be used in a variety of defense applications, including variable emissivity measurements and optical targeting to help track activity. All of these applications have seen continued demand and advancements due to increased military spending.
- And in recent years, the demand for infrared temperature sensors in the manufacturing industry has increased, driven by the global Industry 4.0 policy. For predictive maintenance, infrared temperature sensors have increasingly gained a sizable market share. The growing demand for temperature monitoring of moving parts is rarely outweighed by the efficiency of infrared temperature sensors.
North America to hold largest market share
In recent years, North America has captured the largest market share due to significant investment in the development and improvement of existing temperature sensors by a number of established manufacturers in the region. According to the U.S. Council on Automotive Policy, automakers and their suppliers are the largest manufacturing sector in the U.S., accounting for 3 percent of U.S. GDP. In the past five years alone, FCA US, Ford and General Motors have announced investments of nearly $35 billion in their U.S. assembly plants, engine and transmission factories, research and development labs, headquarters, administrative offices, and other infrastructure that connects them and support them.
In addition, the region is expected to meet the world’s growing oil demand over the next five years, according to the International Energy Agency (IEA). According to the IEA, the U.S. is projected to account for 80 percent of the world’s incremental oil supply from 2017 to 2025 as shale oil producers find more ways to extract oil at lower prices and make a profit. Thus, the growing oil and gas industry in the country is likely to further boost the demand for the studied market over the forecast period.
Moreover, the healthcare industry extensively uses temperature sensors for continuous cardiac output monitoring, thermodilution catheters, and others. The temperature sensors market is expected to grow at a healthy rate with the advancement of various industries in the region and development of various types of temperature sensors being integrated in more and more products.
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