Temperature Sensors Market Size,Share,Growth,Competition,Trends,Growth Opportunities and Forecast (2024-2031)
A temperature sensor measures temperature & translates it into an electrical signal. Temperature sensors are used in consumer applications as well as almost all Industrial sectors. The global Temperature sensors market is highly competitive with a large number of local manufacturers.
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Market Dynamics
Contact temperature sensors have been around for decades, and now many companies are investing in research to develop new non-contact sensing technologies. Growth in the automotive market in Asia will drive demand for thermistors.Non-contact sensors are expected to show higher growth as they are used extensively in the plastic, metal & food Industries.Process Industries are the biggest users of IR sensors a type of non-contact sensor where they are used to spot defects & measure surface temperature.IR sensors are used in Food & Beverage Industry to avoid spoilage. IoT (Internet of Things) is also going to drive the temperature sensors market.Traditional temperature sensors have become widespread now. The industry needs to develop new technologies and products so that they will be adopted in new applications. In the absence of new technologies, the Industry will not be able to achieve a very high growth rate.
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Segment Analysis
The global Temperature Sensor market can be segmented by feature, product type, or by applicationBased on Features, the Market can be segmented into Contact temperature sensors and non-contact temperature sensors. Contact sensors use conduction to sense the temperature. Non-contact sensors use convection & radiation to detect temperature.Based on technology Type, the market can be divided into Thermostat, Thermistor, Resistive temperature detectors, Thermocouple, IR sensors, and others.Thermistors are mostly negative temperature coefficient types; they are very accurate. Resistive temperature detectors, they could be made from Nickel, copper, or platinum.
Competitive Landscape
The temperature sensor market consists of many domestic and international manufacturers. Some of the players in the Temperature Sensors Market include Omega Engineering, Bosch, Texas Instruments, ABB Ltd, Analog Devices Inc., STMicroelectronics, NXP Semiconductors, Siemens Process Instrumentation, etc.
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