Embedded Temperature Sensor Market
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 -20°C to 100°C.
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 Coherent Market Insights’ analysis, the medical device market is expected to reach an estimated US$ 398,000 million in 2017 due to the increasing number of diseases.
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. For instance, in 2017, TE Connectivity launched lightweight and small in size NTC Thermistor with high efficiency and less cost. The newly launched product finds its application in the automotive industry to monitor the temperature of batteries in electric cars and prevent overheating.
Key features of the study:
Detailed Segmentation
“*” marked represents similar segmentation in other categories in the respective section.
Detailed Segmentation
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