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North America Temperature Sensor Market

Market Insights on North America Temperature Sensor covering sales outlook, demand forecast & up-to-date key trends

North America Temperature Sensor Market: Industry Analysis and Opportunity Assessment 2023 - 2033

North America Temperature Sensor Market Outlook

According to FMI, the North American temperature sensor market is anticipated to grow at a 6% CAGR from 2023 to 2033, from a value of US$ 2,520.31 Mn in 2023 to US$ 4,513.49 Mn by 2033.

Some of the major factors boosting the market share are:

  • To record, monitor, or communicate temperature changes, the temperature sensor monitors the ambient temperature and turns the input data into electronic data.
  • The main factor boosting the demand for wireless sensors in asset monitoring, security, and quality assurance is the use of such processes and monitoring automation in industrial and defense operations.
  • Wireless-type sensors are a developing field of technology with numerous applications in the defense sector as a result of rising defense spending.
  • Applications like integrated vehicle health monitoring (IVHM) are typically required for defense and aerospace vehicles to ensure the safety of the crew and the vehicle.
  • The adoption of the temperature sensor to survive such external environment extremes and function at the desired accuracy, reliability, precision, and repeatability are of essential relevance for these end-users as these industries, among others, include aircraft, oil and gas, and mining.

North America Temperature Sensor Market Value (2023)

US$ 2,520.31 Mn

North America Temperature Sensor Market Forecast Value (2033)

US$ 4,513.49 Mn

North America Temperature Sensor Market CAGR (2023-2033)

6%

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Rising Trends In North America Temperature Sensor Market

The quick technological improvements have significantly influenced the growth of wireless temperature sensors during the past few years in temperature monitoring. Large-scale manufacturers have been putting a lot of effort into incorporating cutting-edge ideas like IR sensors and heat sensors. Furthermore, it is anticipated that the use of cutting-edge concepts would create a sizable window of opportunity for market expansion in the years to come.

In essence, sensor networks have been observing physical environmental features and converting those values into electrical impulses. The sensor networks mainly record data on parameters like temperature, among others. In several situations, the network has been built to act on the physical environment based on observed data in addition to simply sensing the environment.

Applications for IR temperature sensors can be found in a variety of defense settings, including optical target sighting and measurements of fluctuating emissivity that are frequently useful for tracking operations. However, due to rising military spending around the world, all of these applications are quite sophisticated and in constant demand.

Not Just In North America, Manufacturers Around The World Are Taking Initiatives In Temperature Sensor Market

Even the most popular snack manufacturers, like Frito-Lay North America, Inc., a well-known Pepsi Co. division, have launched a new line of goods recently that are baked rather than fried. These developments, along with the strict international laws governing food safety, are anticipated to soon open up a sizable market for IR temperature sensors.

For such technology, Forward-Looking Infrared (FLIR) has been a well-known supplier. To detect increased body temperatures, FLIR technology has been employed in ports, borders, airports, and other locations. These orders have significantly increased for the company during the past month.

The number of nations utilizing FLIR equipment for temperature screening keeps expanding. China, Thailand, Taiwan, the Philippines, Singapore, Malaysia, South Korea, Italy, and the United States are now part of it. The business claimed that the demand is still being met by its supply network.

One of the market's functional applications for infrared (IR) temperature sensors is predictive maintenance; businesses are putting more and more emphasis on automation, IoT, and predictive maintenance.

Sudip Saha
Principal Consultant
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North America Temperature Sensor Market Overview

Temperature detection and measurement is a very important activity and has a variety of applications ranging from simple household to industrial. A temperature sensor is a device that collects the concerning temperature data and displays in a human-understandable format. Temperature sensing is the most controlled and measurable factor behind any critical application.

The temperature sensing market shows continuous growth due to its need in research & development, semiconductor and chemical industries. Temperature sensing is gaining a lot of attention due to increasing adoption of HVAC (heating, ventilating, and air conditioning) for domestic as well as industrial use.

Temperature sensors are primarily of two types, contact temperature sensors and non-contact temperature sensors. The contact temperature sensors are thermocouples, filled system thermometers, resistance temperature detectors and bimetallic thermometers.

Contact temperature sensors are currently dominating the market. Non–contact temperature sensors like infrared devices have extensive opportunities in the defence sector due to their ability to detect thermal radiation power of optical and infrared rays emitted from liquids and gases.

The quality of a temperature sensor is measured in terms of standard characteristics such as response time, accuracy, repeatability and stability of output senility towards change in other physical environmental factors.

Life of the sensor, termination style, probe type and range of measurement are a few other important specifications to be taken into account while considering commercial use.

There is an increasing demand for temperature sensing in the North American market due to its applicability in defence, aerospace, chemical processing and automotive vehicular production sectors. The key driving force behind the increasing market share of North America in temperature sensing include increasing end-user and industrial applications, rising security concerns towards security & surveillance and increasing macroeconomic government interventions.

On the other hand, there is a continuous reduction in prices of temperature sensors due to the introduction of more competitive technologies and higher associated costs that act as restraints for market development.

The North American temperature sensor market is segmented on the basis of product type, application and geography. On the basis of product type, the market is divided into fibre-optic temperature sensors, bimetallic temperature sensors, integrated circuit temperature sensors, infrared temperature sensors, thermistors, resistance temperature detectors (RTD), silicon-based temperature sensors and thermocouples.

On the basis of application, the market is categorized into transportation, healthcare, aerospace & defence, petrochemicals, energy & power generation and HVAC & refrigeration. On the basis of geography, North American market is divided into Canada, the United States and Mexico.

There is a need for continuous development in temperature sensing to enhance its usability in different verticals and segments.

Remote temperature sensing, switch gear temperature monitoring, MRI temperature sensing, fibre-optic temperature sensing, microwave induction heating control, smart temperature sensing, distributed temperature sensing and geothermal sensing are some of the advancements in the temperature sensing market. Use of nanotechnology and microtechnology is also offering contactless accurate measurement at low cost.

Silicon-based temperature sensors are used in coolants and are gaining popularity because they do not need any calibration and are inherently stable.

The key players in North America market are Texas Instruments Inc. (U.S.), Sensata Technologies (U.S.), Maxim Integrated Products Inc. (U.S.), Microchip Technology Inc. (U.S.), Analog Devices Inc. (U.S.) and Honeywell International Inc. (U.S.). The market in the US is more developed as compared to RoW (Rest of the World).

The market in Mexico is in its development stage and need some more time to mature. Development of new technologies and up gradation of existing temperature sensing technologies in automobiles, equipment and machineries is showing continuous growth. The future temperature sensor market is characterized by advanced technology at an affordable cost.

The research report presents a comprehensive assessment of North America’s temperature sensor market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data and projections with suitable set of assumptions and methodology.

It provides analysis and information by categories such as market geographies, product types and applications.

The report covers an exhaustive analysis on

  • Market Segments
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competitions and Companies Involved
  • Technology
  • Value Chain
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Regional analysis includes

  • The United States of America
  • Canada
  • Mexico

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.

It provides an in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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Sudip Saha
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North America Temperature Sensor Market