The global temperature sensor market is expected to reach value of US$ 10.6 Bn by the end of 2031
The global temperature sensor market is broadly affected by several factors, including increase in use of temperature sensors across various end-use industries and rapid adoption of temperature sensors to measure heat released and alert the end-user. The demand for temperature sensors is likely to grow over the next few years owing to increase in application of temperature sensors in consumer electronics, wearable devices, automobiles, etc. Advancements in technologies, such as portable health monitoring systems and advanced patient monitoring systems, are also projected to boost the use of temperature sensors in the healthcare industry.
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The temperature sensor market is driven by increase in usage of temperature sensor in various end-use industries, and their cost effective, compact, and multifunctional nature of temperature sensors. Moreover, the healthcare industry is also witnessing significant demand for thermometers, imaging diagnostics equipment, and MRI machines, which have in-built temperature sensors. Therefore, the healthcare industry is anticipated to propel the temperature sensor market.
Increase in popularity of wearable healthcare devices is another key factor fueling the demand for temperature sensors. Moreover, trends in the personal computing industry for faster processors, smaller system sizes, and the need to support more advanced applications, make controlling and monitoring heat imperative. Advancements in portable and desktop computers make it possible to continue to support the progress of temperature sensors.
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Rapid Adoption of Thermal Sensors in Various End-use Industries to Drive Temperature Sensor Market
Maintaining the temperature is highly crucial in the food & beverage industry due to the perishable nature of food. Automated temperature monitor and control help to keep food safely during storage, food transit and food storage; hence, temperature sensors are used at different stages from the warehouse to retail stores in order to regulate the temperature and maintain food quality. This is estimated to propel the temperature sensor market.
Additionally, usage of temperature sensor in home and building automation is increasing, as it helps to inform smart devices about the surrounding environment. The thermal sensor is the primary sensor used in home and building automation. These sensors contain fire alarm detection systems, heating, ventilation, and air conditioning (HVAC), lighting control systems to manage and control the temperature automatically. Increasing usage of this sensor is estimated to fuel the demand for temperature sensor.
In addition, increasing application of Internet of Things (IoT) is driving the use of body-worn temperature sensors. Body-worn sensors are utilized to screen the condition of patients continuously. This also propels the temperature sensor market. Currently, smartwatches with inbuilt temperature sensor are used to detect temperature as well as monitor heart rate. Rise in popularity of wearable clinical observing gadgets and smartwatches is boosting the interest for body-worn temperature sensors, which in turn is also propelling the temperature sensor market.
A temperature sensor is similar to a thermometer; however, it uses NTC thermistor to sense the body temperature. NTC thermistor is a micro sensor that is expected to replace the traditional one. The main feature of this sensor is that it is highly accurate and it senses the temperature rapidly (less than 0.3 sec). Advancements in technology help to boost the demand for temperature sensors.
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In addition, rise in geriatric population and surge in diseases are likely to increase the demand for healthcare devices. Healthcare devices are precise in temperature measurement and monitoring, which are adopting thermal sensors. Increase in usage of thermal sensor in digital measurement systems and patient monitoring systems is driving the demand for temperature sensor in the healthcare industry. External temperature measurement has advanced sensor technologies to increase patient comfort, improve accuracy, and create better tools for monitoring. This is also driving the temperature sensor market.
Moreover, advancements in electronics have enabled the development of smart miniature devices, such as infrared sensor and non-contact temperature sensors, which can collect physiological data from the human body and transmit it wirelessly to healthcare providers in order to avoid life threatening events. Thus, technological advances in the healthcare sector and demand for miniaturization of medical devices are estimated to propel the temperature sensor market during the forecast period.
