Global Temperature Sensor Market 2017-2021

Global Temperature Sensor Market 2017-2021

About Temperature Sensor

A sensor detects and triggers a response to some form of input from the physical environment. It is a device that senses a change in analog information like a variation in light and pressure in the environment in which it is placed, converts it into an electric signal/pulse, and sends it to other subsystems based on its specific use. An input to be detected could be in any form, including light, heat, motion, moisture, and pressure. It may be an environmental phenomenon as well.

Technavio’s analysts forecast the global temperature sensor market to grow at a CAGR of 11.54% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global temperature sensor market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Temperature Sensor Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Honeywell International
  • Microchip Technology
  • NXP Semiconductors
  • Panasonic
Other prominent vendors
  • ABB
  • Analog Devices
  • Emerson
  • Maxim Integrated
  • Siemens
Market driver
  • Regulatory framework associated with the automotive segment
  • For a full, detailed list, view our report
Market challenge
  • Constant reduction in the price
  • For a full, detailed list, view our report
Market trend
  • Increasing demand for DTS
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Temperature Sensor Market 2017-2021

Technavio recognizes the following companies as the key players in the global temperature sensor market: Honeywell International, Microchip Technology, NXP Semiconductors, and Panasonic.

Other Prominent Vendors in the market are: ABB, Analog Devices, Emerson, Maxim Integrated, and Siemens.

Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is increasing demand for DTS. DTS or distributed temperature sensing is an optoelectrical device that is made up of optical fibers. The temperature can be recorded on a continuous basis rather than only at a certain point using these devices. The DTS segment is anticipated to grow at a high rate during the forecast period.”

According to the report, one driver in the market is regulatory framework associated with the automotive segment. A number of regulations associated with the safety and emission controls standards require sensors. It is essential for automotive manufacturers to comply with essential safety and emission standards set by the authorities. This will drive the global temperature sensor market during the forecast period. The innovation and development of newer electric, hybrid, and driverless cars will further enhance the demand for temperature sensors during the forecast period. The applications include checking of the air intake temperature in cylinder heads to alert the driver about the engine overheating. The sensors are also used in the engine coolant compartment, which is used to measure the temperature of transmission fluid applications.

Further, the report states that one challenge in the market is constant reduction in the price. The global temperature sensor market is highly competitive due to many vendors offering homogeneous products. Manufacturers constantly compete based on product quality, performance, durability, and price. Manufacturers produce high-quality products that are offered at lower prices. In emerging countries like China, many small domestic suppliers enter the market by introducing products at lower prices, leading to price wars among vendors. This is a constant challenge for the OEMs. The reduction in the prices has a direct impact on the cash flow of the companies.

Companies Mentioned

Honeywell International, Microchip Technology, NXP Semiconductors, and Panasonic, ABB, Analog Devices, Emerson, Maxim Integrated, and Siemens.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Market outline
  • Market landscape
    • Market overview
      • Table Global temperature sensor market overview
    • Market size and forecast
      • Table Global temperature sensor market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by application
    • Global temperature sensor market by application 2016-2021– Market size & forecast
      • Table Global temperature sensor market by application 2016-2021 – Market size & forecast
    • Global temperature sensor market by oil and gas 2016-2021 – Market size & forecast
      • Table Global temperature sensor market by oil and gas 2016-2021 – Market size & forecast ($ billions)
      • Table Global temperature sensor market by oil and gas 2017-2021 – Year-over-year growth
    • Global temperature sensor market by automotive 2016-2021 – Market size & forecast
      • Table Global temperature sensor market by automotive 2016-2021 – Market size & forecast ($ billions)
      • Table Global temperature sensor market by automotive 2017-2021 – Year-over-year growth
    • Global temperature sensor market by food and beverage 2016-2021 – Market size & forecast
      • Table Global temperature sensor market by food and beverage 2016-2021 – Market size & forecast ($ billions)
      • Table Global temperature sensor market by food and beverage 2017-2021 – Year-over-year growth
    • Global temperature sensor market by HVAC 2016- 2021 – market size & forecast
      • Table Global temperature sensor market by HVAC 2016-2021 – Market size & forecast ($ billions)
      • Table Global smart home market 2016-2021 – Market size & forecast ($ billions)
      • Table Global temperature sensor market by HVAC 2017-2021 – Year-over-year growth
    • Global temperature sensor market by consumer electronics 2016-2021 – Market size & forecast
      • Table Global temperature sensor market by consumer electronics 2016-2021 – Market size & forecast ($ billions)
      • Table Global temperature sensor market by consumer electronics 2017-2021 – Year-over-year growth
    • Global temperature sensor market by others 2016-2021 – Market size & forecast
      • Table Global temperature sensor market by others 2016-2021 – Market size & forecast ($ billions)
      • Table Global temperature sensor market by others 2017-2021 – Year-over-year growth
      • Table Market opportunity by application
  • Regional landscape
    • Geographical segmentation of global temperature sensor market 2016-2021
      • Table Geographical segmentation of global temperature sensor market 2016-2021 – Market size & forecast (% share)
    • Americas – Market size & forecast
      • Table Americas – Market size & forecast ($ billions)
      • Table Americas – Year-over-year growth
    • EMEA – Market size & forecast
      • Table EMEA – Market size & forecast ($ billions)
      • Table EMEA – Year-over-year growth
    • APAC – Market size & forecast
      • Table APAC – Market size & forecast ($ billions)
      • Table APAC – Year-over-year growth
    • Key leading countries
      • Table Key leading countries
    • US
    • China
    • Germany
    • JAPAN
    • UAE
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Global fitness band market 2016-2021 ($ billions)
      • Table Global smartphone shipment forecast 2016-2021 (units in millions)
      • Table Global tablet shipments forecast 2016-2021 (units in millions)
    • Market challenges
  • Market trends
    • Increasing demand for DTS
    • Increasing demand for contactless temperature sensors
    • Increasing convergence of the technologies
  • Vendor landscape
    • Competitive scenario
    • Other prominent vendors
      • Table Other prominent vendors
    • Key vendor analysis
      • Table Honeywell International: Segmentation, targeting, and positioning of core temperature sensor products
      • Table Panasonic: Segmentation, targeting, and positioning of core temperature sensor products
  • Vendor analysis
    • Vendor overview
      • Table Vendor overview
  • Appendix
    • List of abbreviations
  • Explore Technavio

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