PUBLISHER: BCC Research | PRODUCT CODE: 1452909
PUBLISHER: BCC Research | PRODUCT CODE: 1452909
The global market for temperature sensors is expected to grow from $7.3 billion in 2023 to $9.0 billion by the end of 2028, at a compound annual growth rate (CAGR) of 4.3% from 2023 through 2028.
The global market for thermocouple temperature sensors is expected to grow from $2.3 billion in 2023 to $2.7 billion by the end of 2028, at a CAGR of 3.0% from 2023 through 2028.
The global market for thermistor temperature sensors is expected to grow from $1.4 billion in 2023 to $1.9 billion by the end of 2028, at a CAGR of 6.9% from 2023 through 2028.
The report provides an overview of the temperature sensors global market value and volume and analyzes its trends. Using 2022 as the base year, the report provides estimated market data for the forecast period from 2023 through 2028. Revenue forecasts for this period are segmented by technology type, industry, and geographical region. It also highlights major trends and challenges that affect the market, concluding with an analysis of the vendor landscape and including detailed profiles of major players in the global temperature sensors market.
Sensors are important elements for the majority of technology products being built today, and their application areas cover products from simple switches and temperature-sensing devices as part of the most basic home appliances to sophisticated manufacturing equipment and factory automation systems. Microtechnology has revolutionized the electronics industry, and miniaturization has now become a standard part of any system. Industrial requirements have increased, indicating room for growth in sensor usage. Automotive safety markets have reacted swiftly, creating demand for temperature sensors.