Temperature Sensors Market Size

Temperature Sensors Market Analysis

The Temperature Sensors Market size is estimated at USD 8.80 billion in 2024, and is expected to reach USD 11.94 billion by 2029, growing at a CAGR of 6.28% during the forecast period (2024-2029).

Temperature sensors employed using IoT connectivity are expected to speed up owing to the increasing need for COVID-19 testing and screening. Semtech and Polysense Technologies collaborated to develop temperature monitoring devices for a human body based on Semtech's LoRa LPWAN. The company's temperature sensors would offer frontline healthcare workers real-time data for faster screening of individuals with a high temperature.

• The growing adoption of HVAC modules in the automotive industry and industrial end users applications are some of the major driving factors of the temperature sensor market.
• Growing demand for consumer electronics is also expected to boost market growth further. An increase in the global focus on security and surveillance and various government initiatives toward safety norms is also expected to promote the adoption of the temperature sensor market.
• The growing adoption of wireless temperature sensors in various industries is mainly attributed to the applications of non-contact measurement features, which enable them to reach locations where a device's physical deployment is impossible.
• Various applications of temperature sensors, including flare systems, wellhead tanks, chemical tanks, pipeline data collection, and compressors, are among some of the multiple applications of temperature sensors in the oil and gas industry. The applications of temperature sensors in the oil and gas industry are considered critical. Installing a wired device inside a pipe or a tank would be inefficient if the operating temperature is relatively high.
• Further, the nature of the industry makes the usage of temperature sensors crucial, as it is essential to monitor the temperature changes in these lines and maintain safe working conditions. The super-heated steam and water pipelines are extended, and accidents in these may lead to the damage and loss of other assets, which is one of the driving factors for the demand and regulatory needs.
• Trends in the personal computing industry, such as smaller system sizes, faster processors, and the need to support more advanced applications, make monitoring and controlling heat imperative. This trend, coupled with robust sales and advancements in desktop and portable computers, is likely to continue to support the growth of temperature sensors.
• One of Honor's recently announced smartphones, the Honor Play 4 Pro, is available with an infrared temperature sensor. In the era of a COVID-19 pandemic, when a high temperature could be a sign of being ill with COVID-19, it could be a helpful smartphone feature. According to Honor, the sensor works between temperatures of -20 degrees Celsius and 100 degrees Celsius (approximately -4 to 212 degrees Fahrenheit), which is more than enough to cover the human body's range of potential temperatures, and it can sense temperatures down to the tenth of a degree.