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A temperature sensor is usually a resistance temperature detector (RTD) or a thermocouple that is designed to collects data from a particular source and transforms it into a comprehensible form for a device.
What are the drivers and restrainers in the temperature sensor market?
Temperature Sensor Market Size
The global temperature sensor market is anticipated to reach US$ 8.5 billion by 2025 from US$ 4.7 billion in 2019.
Analysis of the Temperature Sensor Market
The global temperature sensors market is driven primarily by its various benefits such as reliability, precision and low power consumption. Temperature sensors are becoming increasingly popular and important due to their use in a wide range of applications such as automotive, electronics, aerospace, healthcare and petrochemical, which provides huge impetus to the market growth.
Manufacturers of temperature sensor are heavily investing in R&D to improve functionality and make temperature sensor more innovative. The market for temperature sensors is growing on the back of rapidly increasing technological progress and increased use of temperature sensors in various industrial applications. In addition, growth is supported by the high government regulations which demand temperature sensors in various heating applications.
The steady growth in industrial manufacturing & processing is one of the main drivers in the global temperature sensor market. The Asia Pacific is the world’s most high growth market for temperature sensors. The region is dominated by China, Japan, South Korea and India. The increasing penetration of smartphones and other electronic temperature sensors also drives demand for temperature sensors besides industrialisation.
There will also be an increased importance for high-performance sensor devices and portable health services. In order to maintain consistency and efficiency, food industries employ temperature for processing and monitoring. The demand for wireless temperature sensors in monitoring applications has also been on the rise. The use of temperature sensors for shop floor surveillance will also be motivated by an increased focus on safety at work. These sensors are also used to alert any security breach automatically.
Temperature sensors may also become unreliable in extreme conditions. There are some other constraints and limitation for the temperature sensor market, such as the absence of qualified professionals and the high operating costs and equipment.
The global temperature sensors market has also been driven by increasing demand for body-based temperature sensors, the increasing trend in home and building automation, increasing emphasis on advanced and portable healthcare equipment and the expanding automotive industry. Apart from this, the market for temperature sensors will also be powered by consumer electronics along with increasing adoption of IoT system. Appliances manufacturers are also offering new features in their products which are going to support temperature sensors in the consumer electronics industry.