Market Size of US Temperature Sensors Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 6.00 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Temperature Sensors Market Analysis
The North American temperature sensor market was valued at USD 2116.1 million in 2020, and it is projected to be worth USD 3213.1 million by 2026, registering a CAGR of 6.2% during the period 2021-2026. 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 perform 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 sense the environment and 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.
US 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 and Petrochemical, Oil and Gas, Metal and Mining, Power Generation, Food and Beverage, Automotive, Medical, Aerospace and Military, Consumer Electronics. 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 and Petrochemical | |
Oil and Gas | |
Metal and Mining | |
Power Generation | |
Food and Beverage | |
Automotive | |
Medical | |
Aerospace and Military | |
Consumer Electronics | |
Other End-user Industries |
US Temperature Sensors Market Size Summary
The United States temperature sensors market is experiencing significant growth, driven by the increasing adoption of advanced monitoring technologies across various industries. These sensors, which convert environmental temperature data into electronic signals, are crucial for ensuring accuracy and reliability in sectors such as aerospace, oil and gas, and mining, where harsh conditions prevail. The demand for wireless sensors is particularly strong in industrial and defense applications, where they are used for asset monitoring, security, and quality assurance. Technological advancements, including the integration of infrared and heat sensors, are further propelling market expansion, offering new opportunities for growth. The defense sector, in particular, is witnessing a surge in the use of these sensors for applications like integrated vehicle health monitoring, driven by rising defense expenditures.
The United States holds a prominent position in the temperature sensors market, supported by a robust automotive industry that significantly contributes to the country's GDP. Major automakers are investing heavily in research and development to incorporate advanced sensors into vehicles, particularly with the rise of electric vehicles. The market is moderately fragmented, with key players such as Honeywell, Analog Devices Inc., and Texas Instruments leading the way. Strategic initiatives like mergers and acquisitions are common as companies seek to enhance their market presence. Recent developments, such as the acquisition of Maxim Integrated Products Inc. by Analog Devices Inc. and the launch of new temperature screening systems by Honeywell, highlight the dynamic nature of the market. These advancements are expected to create substantial opportunities, particularly in sectors like healthcare and food safety, where stringent regulations and the need for predictive maintenance are driving demand.
US Temperature Sensors Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Assessment of Impact of COVID-19 on the Industry
-
1.3 Market Drivers
-
1.3.1 Growth in Industry 4.0 and Rapid Factory Automation
-
1.3.2 Increasing Demand for Wearable in Consumer Electronics
-
-
1.4 Market Restraints
-
1.4.1 Fluctuation in Raw Material Prices
-
-
1.5 Industry Value Chain Analysis
-
1.6 Industry Attractiveness - Porter's Five Force Analysis
-
1.6.1 Bargaining Power of Suppliers
-
1.6.2 Bargaining Power of Buyers
-
1.6.3 Threat of New Entrants
-
1.6.4 Threat of Substitute Products
-
1.6.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 By Type
-
2.1.1 Wired
-
2.1.2 Wireless
-
-
2.2 By Technology
-
2.2.1 Infrared
-
2.2.2 Thermocouple
-
2.2.3 Resistance Temperature Detector
-
2.2.4 Thermistor
-
2.2.5 Temperature Transmitter
-
2.2.6 Fiber Optic
-
2.2.7 Others
-
-
2.3 By End-user Industry
-
2.3.1 Chemical and Petrochemical
-
2.3.2 Oil and Gas
-
2.3.3 Metal and Mining
-
2.3.4 Power Generation
-
2.3.5 Food and Beverage
-
2.3.6 Automotive
-
2.3.7 Medical
-
2.3.8 Aerospace and Military
-
2.3.9 Consumer Electronics
-
2.3.10 Other End-user Industries
-
-
US Temperature Sensors Market Size FAQs
What is the current US Temperature Sensors Market size?
The US Temperature Sensors Market is projected to register a CAGR of 6% during the forecast period (2024-2029)
Who are the key players in US Temperature Sensors Market?
TEXAS INSTRUMENTS INC. , Honeywell International Inc. , ANALOG DEVICES INC. , Fluke Process Instruments and EMERSON ELECTRIC CO. are the major companies operating in the US Temperature Sensors Market.