North America Temperature Sensors Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.85 Billion |
| Market Size (2029) | USD 3.84 Billion |
| CAGR (2024 - 2029) | 6.13 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
North America Temperature Sensors Market Analysis
The North America Temperature Sensors Market size is estimated at USD 2.85 billion in 2024, and is expected to reach USD 3.84 billion by 2029, growing at a CAGR of 6.13% during the forecast period (2024-2029).
The temperature sensor measures the temperature of its environment and converts the input data into electronic data to record monitor or signal temperature changes. Adopting such process and monitoring automation in industrial and defense operations is the major driver augmenting the demand for wireless sensors in asset monitoring, security, and quality assurance.
- Industries, such as aerospace, oil and gas, and mining, among others, are characterized by the harsh and complex operating environment and the adoption of a suitable sensor to withstand such external environment extremities and performing at the desired accuracy, reliability, precision, and repeatability are of crucial importance for these end-users.
- Rapid technological advancements in temperature monitoring have played a crucial role in the growth of wireless temperature sensors in the past few years. Multiple large-scale manufacturers have been focusing on implementing advanced concepts such as IR sensors and heat sensors. The usage of advanced concepts is further expected to open up significant potential for the market's growth in the coming years.
- With the increase in defense expenditure, wireless type sensors have been an emerging technology area with multiple applications within the defense industry. Applications such as integrated vehicle health monitoring (IVHM) of the defense and aerospace vehicles are primarily needed to ensure the crew's safety and the vehicle.
- At their essence, the sensor networks have been monitoring the physical characteristics of an environment and then translating those physical measurements to electrical impulses. The sensor networks primarily measure characteristics such as temperature, among others. In various cases, the network has been designed to not only sense the environment but also act on the physical environment based on the sensed data.
- Temperature sensors are employing IoT connectivity to speed COVID-19 screening. The market demand for screening process equipment has enabled the demand for temperature sensors where various firms' collaboration to invent new temperature sensor devices has raised significantly. For instance, Polysense Technologies and Semtech have joined forces in developing a series of human body temperature monitoring devices based on Semtech's Long Range (LoRa) Low-Power Wide-Area Network (LPWAN). The sensors offer real-time data to frontline healthcare workers and quickly screen individuals with high temperatures, one of the most common symptoms of COVID-19.
North America Temperature Sensors Market Trends
This section covers the major market trends shaping the North America Temperature Sensors Market according to our research experts:
Infrared Temperature Sensors to Drive the Market Growth
- IR temperature sensor applications are found in various defense applications such as optical target sighting and variable emissivity measurements that are often helpful in tracking activities. However, all these applications are very advanced and have a continuous demand due to the globally increasing military spending.
- In recent years, even the top snack manufacturers like Frito-Lay North America, Inc, a popular division of Pepsi Co, have started a new range of products rather baked than fried. Such trends, coupled with stringent food safety regulations worldwide, are expected soon to create substantial market opportunities for IR temperature sensors.
- Forward-Looking Infrared (FLIR) has been a prominent vendor for such technology. FLIR technology has been used in ports and borders and airports, and other places to look for elevated body temperatures. The company has witnessed a significant increase in those orders in the past month.
- The list of countries using FLIR products for temperature screening continues to grow. It now includes China, Thailand, Taiwan, the Philippines, Singapore, Malaysia, South Korea, Italy, and the U.S. The company stated that its supply chain is continuing to keep up with demand.
- Predictive maintenance is one of the functional uses of Infrared (IR) temperature sensors in the market; enterprises are increasingly focusing on predictive maintenance, automation, and IoT.
United States Holds Significant Market Share
- The United States holds a significant market share due to advancements across various industries in the country. With the R & D of multiple types of temperature sensors being integrated into different products, the market for temperature sensors is set to grow at a healthy rate.
- For instance, automakers, such as General Motors, have planned to launch 20 new all-electric vehicles by 2023. The Tesla Company also changed the face of the EV market segment in the country by introducing reliable and efficient electric vehicles.
- The United States's automotive industry, directly and indirectly, employs hundreds of thousands of Americans and invest billions of dollars. It was estimated that the automotive industry annually spends nearly USD 105 billion on R&D worldwide, USD 18 billion of which is spent in the United States to incorporate newer and more advanced sensors into automobiles.
- With the US Department of the Interior planning to allow offshore exploratory drilling in about 90% of the Outer Continental Shelf (OCS) acreage, under the National Outer Continental Shelf Oil and Gas Leasing Program (National OCS Program) for 2019-2024, the oil and gas sector in the region is expected to open up new opportunities to the market.
- In the COVID-19 pandemic, the market is witnessing growing demand for temperature sensors at the workplace for temperature screening. For instance, the CDC (Centers for Disease Control and Prevention) in the United States and WHO (World Health Organization) recommended temperature checking at the workplace.
North America Temperature Sensors Industry Overview
The North America temperature sensor market is moderately fragmented due to many players operating in the market, such as Honeywell, Analog Devices Inc, and Texas Instruments, among other regional and local manufacturers. Continuous product up-gradation and industry convergence are driving the market towards highly differentiated offerings. Further, players adopt strategic initiatives such as mergers and acquisitions, partnerships, etc., to strengthen their market presence. Some of the recent developments in the market are:
- July 2020 - Maxim Integrated Products Inc. and Analog Devices Inc. announced that they entered into a definitive agreement. Analog Devices Inc. will acquire Maxim in an all-stock transaction that values the combined enterprise at over USD 68 billion. The transaction is expected to close in the summer of 2021. This transaction would strengthen Analog Devices Inc. and increase its reach and scale across multiple markets.
- May 2021 - Honeywell installed advanced skin temperature screening systems (Honeywell Thermo Rebellion) in Terminal One of New York's John F. Kennedy International Airport for passengers and employees
North America Temperature Sensors Market Leaders
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Texas Instruments Incorporated
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Honeywell International Inc
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Analog Devices Inc
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Fluke Process Instruments
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Emerson Electric Company
*Disclaimer: Major Players sorted in no particular order
North America Temperature Sensors Market News
- Nov 2020 - The company launched a new FLIR SV87 Kit, which can be installed on any surface with Wi-Fi access. The kit allows maintenance personnel to track variations in vibration and heat in real-time, allowing them to predict potentially severe problems before they occur.
- May 2021 - Honeywell installed advanced skin temperature screening systems (Honeywell Thermo Rebellion) in Terminal One of New York's John F. Kennedy International Airport for passengers and employees
North America Temperature Sensors Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
- 4.1 Market Overview
- 4.2 Assessment of Impact of COVID-19 on the Industry
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4.3 Market Drivers
- 4.3.1 Growth in Industry 4.0 & Rapid Factory Automation
- 4.3.2 Increasing Adoption of Wireless Technologies, especially in Harsh Environments
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4.4 Market Restraints
- 4.4.1 Higher Security Needs and Infrastructure Updating Costs
- 4.5 Industry Value Chain Analysis
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4.6 Industry Attractiveness - Porter's Five Force Analysis
- 4.6.1 Bargaining Power of Suppliers
- 4.6.2 Bargaining Power of Buyers/Consumers
- 4.6.3 Threat of New Entrants
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
5. ELECTRIC VEHICLE SENSOR MARKET
- 5.1 Market Estimation for xEV Sensors
- 5.2 Trends and Dynamics Impacting the Adoption of Sensors in EV
- 5.3 Breakdown of the Market Estimates by Two Broader Classes of EV
- 5.4 Major Sensor Categories used in EV with Key Applications
6. MARKET SEGMENTATION
-
6.1 By Type
- 6.1.1 Wired
- 6.1.2 Wireless
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6.2 By Technology
- 6.2.1 Infrared
- 6.2.2 Thermocouple
- 6.2.3 Resistance Temperature Detector
- 6.2.4 Thermistor
- 6.2.5 Temperature Transmitter
- 6.2.6 Fiber Optic
- 6.2.7 Others
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6.3 By End-user Industry
- 6.3.1 Chemical & Petrochemical
- 6.3.2 Oil and Gas
- 6.3.3 Metal and Mining
- 6.3.4 Power Generation
- 6.3.5 Food and Beverage
- 6.3.6 Automotive
- 6.3.7 Medical
- 6.3.8 Aerospace and Military
- 6.3.9 Consumer Electronics
- 6.3.10 Other End-user Industries
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6.4 By Country
- 6.4.1 United States
- 6.4.2 Canada
7. COMPETITIVE LANDSCAPE
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7.1 Company Profiles
- 7.1.1 Siemens AG
- 7.1.2 Texas Instruments Incorporated
- 7.1.3 Honeywell International Inc.
- 7.1.4 Analog Devices Inc.
- 7.1.5 Fluke Process Instruments
- 7.1.6 Emerson Electric Company
- 7.1.7 Microchip Technology Incorporated
- 7.1.8 Sensata Technologies
- 7.1.9 FLIR Systems
- 7.1.10 Maxim Integrated Products
- *List Not Exhaustive
8. INVESTMENT ANALYSIS
9. FUTURE OF THE MARKET
** Subject To AvailablityNorth America Temperature Sensors Industry Segmentation
The temperature sensors are devices to measure temperature readings through electrical signals. The sensor is made of two metals that generate electrical voltage or resistance once it notices a temperature change.
The temperature sensors have various sensor types based on the technology type such as Infrared, Thermocouple, Resistance Temperature Detectors (RTD), Thermistor, and others. The report describes the type of sensors, such as wired and wireless, and also provides the study of output, which are analog and digital. The end-user industry is comprised of temperature sensor applications, and majorly includes Chemical & Petrochemical, Oil & Gas, Metal & Mining, Power Generation, Food & Beverage, Automotive, Medical, Aerospace & Military, and others. The study is also being provided based on the COVID-19 impact.
| By Type | Wired |
| Wireless | |
| By Technology | Infrared |
| Thermocouple | |
| Resistance Temperature Detector | |
| Thermistor | |
| Temperature Transmitter | |
| Fiber Optic | |
| Others | |
| By End-user Industry | Chemical & Petrochemical |
| Oil and Gas | |
| Metal and Mining | |
| Power Generation | |
| Food and Beverage | |
| Automotive | |
| Medical | |
| Aerospace and Military | |
| Consumer Electronics | |
| Other End-user Industries | |
| By Country | United States |
| Canada |
North America Temperature Sensors Market Research FAQs
How big is the North America Temperature Sensors Market?
The North America Temperature Sensors Market size is expected to reach USD 2.85 billion in 2024 and grow at a CAGR of 6.13% to reach USD 3.84 billion by 2029.
What is the current North America Temperature Sensors Market size?
In 2024, the North America Temperature Sensors Market size is expected to reach USD 2.85 billion.
Who are the key players in North America Temperature Sensors Market?
Texas Instruments Incorporated, Honeywell International Inc, Analog Devices Inc, Fluke Process Instruments and Emerson Electric Company are the major companies operating in the North America Temperature Sensors Market.
What years does this North America Temperature Sensors Market cover, and what was the market size in 2023?
In 2023, the North America Temperature Sensors Market size was estimated at USD 2.69 billion. The report covers the North America Temperature Sensors Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the North America Temperature Sensors Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
North America Temperature Sensors Industry Report
Statistics for the 2024 North America Temperature Sensors market share, size and revenue growth rate, created by Mordor Intelligenceā¢ Industry Reports. North America Temperature Sensors analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
