Temperature Sensors Market is anticipated to reach USD 6.13 billion by 2020. Rising demand for temperature sensors in semiconductors, automotive segment, and in other process industries including F&B, plastics and metal is expected to drive the market growth over the forecast period. Increasing need for advanced sensing technologies including image, pressure, proximity, heat and acceleration sensors among various industry players, coupled with rising number of automotive manufacturing facilities particularly in emerging economies including India, and China can be attributed as the major factor propelling the market growth
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The key driving factors responsible for the growth of Temperature
Sensors market :
Demand for highly advanced
innovative consumer electronics is expected to increase owing to changing
consumer preferences for high performance and efficient products. These trends
are anticipated to positively affect the temperature sensors product since
sensors are considered to be the major part of electronic devices. Use of
nanotechnology and micro technology enables contactless and accurate
measurements are anticipated to offer future opportunities to the sensors
market. Temperature controls are vital for manufacturing, storing and handling
of medical drugs and devices. The sensors are widely used in communication
sector including mobile phones and other handheld devices. They maintain and
provide efficient performance coupled with reduction in power consumed by
monitoring and controlling heat. Increasing demand for tech savvy products is
expected to steer the overall market.
These sensors are also used in
switches, wireless routers, VoIP equipment Bluetooth devices, modems. Growing
demand for these products and devices would positively impact the sensors
market growth over the forecast period. Personal computers, scanners, copiers,
POS terminals and printers constitute sensors for temperature control and to
avoid and accessories such as scanners, printers, copiers and POS terminals.
Entertainment systems such as gaming consoles Blu-Ray/DVD players, and flat
panel TVs, also use these devices to enhance performance and provide better
reliability. Increasing awareness and adoption of HVAC modules is anticipated
to favorably influence the global industry. Technological advancements coupled
with reduction in prices is expected to result in launch of new product
applications in HVAC sector.
Lithium neonate and Lanthanum
gallium silicate also known as langasite form the key raw materials of
temperature sensors that improve measurement ranges of these sensors. Silicon
sensors are widely used materials since they are easily available, cost
efficient and are used to measure physical parameters including pressure. Multi
sensors are extensively used in mass applications due to their stability and
thereby driving the global temperature sensors growth rate. Rising concern
towards surveillance and security is expected to propel the demand for sensors
over the next seven years. Government initiatives for safety and environmental
norms are anticipated to steer the market growth. The launch of MEMS technology
in the market can be attributed as the major opportunities for market in the
future.
On the basis of product type, the
global market has been segmented into Bimetallic Sensor, Sensor IC, Thermistor
(Negative and Positive Temperature Coefficient), Resistive Detector (RTD),
Thermocouple, Infrared and Fiber Optic temperature sensors. Thermocouples are
expected to have the largest market share in terms of revenue owing to its wide
applications in several industries including process, metal and petrochemicals
industries, owing to quick response to temperature fluctuations, user
friendliness, and simplicity. They are also extensively used in mechanical and
electrical apparatus for testing prototypes that are produced for
manufacturing.
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