Lucintel's latest market report analyzed that temperature sensor provides attractive opportunities in the chemical, oil and gas, consumer electronic, healthcare, and automotive industries. The temperature sensor market is expected to reach $9.5 billion by 2028 with a CAGR of 7.1%. In this market, non-contact is the largest segment by product type, whereas oil and gas is largest by end use industry.
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Based on product type, the temperature sensor market is segmented into contact and non-contact. The non-contact segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to its ability to measure temperature of object from a distance.
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100 – Figures/Tables
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The Temperature Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering temperature sensor include Honeywell, Siemens AG, ABB, Texas Instruments, and Emerson Electric.
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