Dublin, March 01, 2023 (GLOBE NEWSWIRE) -- The "Embedded Temperature Sensor Market, By Type, End-use Industry, and By Region - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
Temperature sensors are used to detect heat or temperature. These sensors detect physical temperature and provide results in analog and digital form.
These sensors are used in various industries such as automotive, healthcare, metal manufacturing, aerospace and defense, and others. Industrialization and advanced technologies are driving growth of the embedded temperature sensor market. Advanced technologies such as autonomous vehicles and robotics will provide lucrative opportunities for embedded temperature sensor market.
Further, to detect symptoms of coronavirus pandemic, checking fever is necessary. Companies are focusing on launching portable temperature sensing devices. Huawei's new smartphone, Honor Play 4 Pro, launched in June 2020, has a temperature sensor built-in. The infrared sensor supports temperatures from -20C to 100C.
The Embedded Temperature Sensor Market is estimated to account for US$ 13,401.1 Mn in terms of value by the end of 2030.
Market Dynamics:
The global embedded temperature sensor market is expected to grow significantly during the forecast period, owing to increasing adoption of temperature sensors in the healthcare industry. Temperature sensor needs less power for functioning and provide results with high accuracy.
Government are mandating people to use temperature sensors to detect heat-related issues in the medical industry. Various IoT projects across the globe are using temperature sensors for collecting efficient and accurate data, and also, to provide better care to the patients.
For instance, according to the American Heart Association (AHA), heart diseases kill around 17.3 million people annually, which is expected to rise to 23.6 million by 2030. Innovative temperature sensors are used to mitigate heat-related mortality rates. Moreover, increasing adoption of temperature sensors in chemical industries is expected to propel the market growth over the forecast period. Temperature sensors are used in various processes such as refining, cracking, and incineration to control and monitor the temperature.
Furthermore, many global players across different regions are focusing on developing new products with advanced features and technologies to gain competitive edge in the market. Industries are developing high tech embedded temperature sensors with new features to cater to the demand from the end users.
Key features of the study:
- This report provides in-depth analysis of global embedded temperature sensor market size (US$ Million) and compound annual growth rate (CAGR %) for the forecast period (2022- 2030), considering 2021 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategies adopted by the leading market players
- It profiles leading players in the global embedded temperature sensor market based on the following parameters - company overview, financial performance, product portfolio, geographical presence, market capital, key developments, strategies, and future plans
- Insights from this report would allow marketers and management authorities of companies to make informed decisions regarding future product launches, product upgrades, market expansion, and marketing tactics
- The global embedded temperature sensor market report caters to various stakeholders in this industry including investors, suppliers, managed service providers, third-party service providers, distributors, new entrants, and value-added resellers
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global embedded temperature sensor market
Detailed Segmentation:
Global Embedded Temperature Sensor Market, By Type:
- Non-contact
- Infrared
- Fiber Optic
- Contact
- Bimetallic
- Temperature Sensor IC
- Thermistor
- Resistive Temperature Detector
- Thermocouple
Global Embedded Temperature Sensor Market, End-use Industry:
- Chemicals
- Oil & Gas
- Energy & Power
- Healthcare
- Food & Beverages
- Consumer Electronics
- Aerospace & Defense
- Metals & Mining
Global Embedded Temperature Sensor Market, By Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Company Profiles
- Honeywell International Inc.
- NXP Semiconductors
- Panasonic Corporation
- Delphi Technologies
- Siemens
- ABB
- STMicroelectronics
- Emerson Electric Co.
- Microchip Technology Inc.
- Fluke Process Instruments
- Mouser Electronics, Inc.
- Robert Bosch GmbH
- TE Connectivity
- DENSO CORPORATION
- OMRON Corporation
- FLIR Systems, Inc.
- Amphenol Advanced Sensors
- Maxim Integrated
- KONGSBERG
- Yokogawa India Ltd.
- Infineon Technologies AG
- TDK-Micronas GmbH
- Amphenol Corporation
- OMEGA Engineering inc
- ON Semiconductor
- CODICO GmbH
- Sensata Technologies, Inc.
- VINCI
- Digi-Key Electronics
Report Metrics:
| Report Attribute | Details |
| No. of Pages | 150 |
| Forecast Period | 2021 - 2030 |
| Estimated Market Value (USD) in 2021 | $7182.3 Million |
| Forecasted Market Value (USD) by 2030 | $13401.1 Million |
| Compound Annual Growth Rate | 7.1% |
| Regions Covered | Global |
For more information about this report visit https://www.researchandmarkets.com/r/fd75y8
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