North America Temperature Sensors Market - Growth, Trends, Forecasts (2020 - 2025)

The North America Temperature Sensors Market is segmented by Type (Wired, Wireless), Technology (Infrared, Thermocouple, Resistance Temperature Detectors (RTD), Thermistor, Temperature Transmitters, Fiber Optic), End user Industry (Chemical & Petrochemical, Oil & Gas, Metal & Mining, Power Generation, Food & Beverage, Automotive, Medical, Aerospace & Military, Consumer Electronics), and Country.

Market Snapshot

sensor
Study Period:

2020-2025

Base Year:

2019

CAGR:

6.7 %

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Market Overview

The North America Temperature Sensors Market is expected to register a CAGR of 6.7% during the forecast period (2020-2025). The demand for temperature sensing has gained importance in industrial settings and R&D, giving rise to increasing demand for temperature sensors. Players operating in the market spend considerable amounts in developing enhanced temperature sensor functionalities, safety mandates, and the increasing adoption of HVAC modules as the primary factor driving the market. Reduced prices and technological advancements have resulted in the introduction of new applications in the HVAC space.

  • The power generation industry along with healthcare industry utilizes temperature sensors extensively. Temperature controls play an important role in manufacturing, handling, and storing medical equipment and drugs. These are increasingly used in the communication industry with growth in handheld communication devices. The rising demand for consumer electronics such as cameras, smartphones, and media players, which use microprocessors with temperature sensing ICs, further boosts the market growth. However, significant price cuts and intense competition may restrain the temperature sensors market over the forecast period. 
  • Companies such as Emerson Electric Co., offer thermocouple temperature sensors that feature resilience and durability in tough process environments. Moreover, other companies, such as Vernier Software and Technology, offer thermocouple temperature sensors to measure temperatures in the range of –200oC to 1400oC. It can be used to measure the high flame temperature of 1400 ̊C or liquid nitrogen temperatures at -196 ̊C.
  • According to the International Energy Agency (IEA), the region is expected to supply most of the world's growing demand for oil over the next five years. Further, as per the IEA, the United States is expected to account for 80% of the global oil supply increase between 2017 and 2025, as shale producers find more ways to pump oil profitably at lower prices. Thus, the country's growing oil and gas sector is likely to boost further the demand for the market studied over the forecast period.
  • With the outbreak of COVID-19, temperature Sensors are employing IoT connectivity to speed screening of COVID-19. Players are launching new products and are involved in strategic initiatives such as partnerships to cater to the growing demands.
  • For instance, Semtech and Polysense Technologies partnered to develop a series of human body temperature monitoring devices based on Semtech's LoRa LPWAN. The sensors can offer real-time data to frontline healthcare workers and help them by quickly screening individuals with a high temperature, which is one of the most common symptoms of COVID-19.

Scope of the report

A temperature sensor measures the temperature and converts the input data into electronic data to record monitor or signal temperature changes.

By Type
Wired
Wireless
By Technology
Infrared
Thermocouple
Resistance Temperature Detectors (RTD)
Thermistor
Temperature Transmitters
Fiber Optic
Others
By End user Industry
Chemical & Petrochemical
Oil & Gas
Metal & Mining
Power Generation
Food & Beverage
Automotive
Medical
Aerospace & Military
Consumer Electronics
Other End-user Industries
Country
United States
Canada

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Key Market Trends

Infrared Temperature Sensors to Drive the Market Growth

  • IR temperature sensor's 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 that are rather baked than fried. Such trends, coupled with stringent food safety regulations worldwide, are expected to create substantial market opportunities for the IR temperature sensors in the near future.
  • 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.
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United States Holds Significant Market Share

  • The United States holds 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.
EV in US.png

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Competitive Landscape

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 upgradation 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 - Analog Devices, Inc. and Maxim Integrated Products, Inc. entered into a definitive agreement under which ADI will acquire Maxim in an all-stock transaction to strengthen Analog semiconductor leadership.
  • Feb 2020 - Texas Instruments expanded its temperature sensing portfolio to include linear thermistors that deliver up to 50% higher accuracy than negative temperature coefficient (NTC) thermistors. TI's thermistors' higher accuracy can enable operation closer to the other components' thermal limits and the overall system. It can help engineers maximize performance while reducing bill-of-materials (BOM) and total solution cost.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions & Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET INSIGHT

    1. 4.1 Market Overview

    2. 4.2 Industry Attractiveness Porter's Five Forces Analysis

      1. 4.2.1 Bargaining Power of Suppliers

      2. 4.2.2 Bargaining Power of Consumers

      3. 4.2.3 Threat of New Entrants

      4. 4.2.4 Intensity of Competitive Rivalry

      5. 4.2.5 Threat of Substitutes

  5. 5. INDUSTRY VALUE CHAIN ANALYSIS

  6. 6. MARKET DYNAMICS

    1. 6.1 Introduction to Market Dynamics

    2. 6.2 Market Drivers

      1. 6.2.1 Increasing Adoption of Wireless Technologies (Especially in Harsh Environments)

    3. 6.3 Market Restraints

      1. 6.3.1 Higher Security Needs and Infrastructure Updating Costs

  7. 7. MARKET SEGMENTATION

    1. 7.1 By Type

      1. 7.1.1 Wired

      2. 7.1.2 Wireless

    2. 7.2 By Technology

      1. 7.2.1 Infrared

      2. 7.2.2 Thermocouple

      3. 7.2.3 Resistance Temperature Detectors (RTD)

      4. 7.2.4 Thermistor

      5. 7.2.5 Temperature Transmitters

      6. 7.2.6 Fiber Optic

      7. 7.2.7 Others

    3. 7.3 By End user Industry

      1. 7.3.1 Chemical & Petrochemical

      2. 7.3.2 Oil & Gas

      3. 7.3.3 Metal & Mining

      4. 7.3.4 Power Generation

      5. 7.3.5 Food & Beverage

      6. 7.3.6 Automotive

      7. 7.3.7 Medical

      8. 7.3.8 Aerospace & Military

      9. 7.3.9 Consumer Electronics

      10. 7.3.10 Other End-user Industries

    4. 7.4 Country

      1. 7.4.1 United States

      2. 7.4.2 Canada

  8. 8. COMPETITIVE LANDSCAPE

    1. 8.1 Company Profiles

      1. 8.1.1 Texas Instruments Incorporated

      2. 8.1.2 Honeywell International Inc

      3. 8.1.3 Analog Devices Inc

      4. 8.1.4 Fluke Process Instruments

      5. 8.1.5 Emerson Electric Company

      6. 8.1.6 Microchip Technology Incorporated

      7. 8.1.7 GE Sensing & Inspection Technologies GmbH

      8. 8.1.8 FLIR Systems

      9. 8.1.9 Maxim Integrated Products

      10. 8.1.10 Siemens AG

    2. *List Not Exhaustive
  9. 9. INVESTMENT ANALYSIS

  10. 10. FUTURE OF THE MARKET

**Subject to Availability

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Frequently Asked Questions

The North America Temperature Sensors Market market is studied from 2020 - 2025.

The North America Temperature Sensors Market is growing at a CAGR of 6.7% over the next 5 years.

  • Texas Instruments Incorporated
  • Honeywell International Inc
  • Analog Devices Inc
  • Fluke Process Instruments
  • Emerson Electric Company

Are the major companies operating in North America Temperature Sensors Market.

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