At 3.9% CAGR, Middle East & Africa Temperature Sensor Market is Projected to be Worth US$ 735.15 Million by 2030, says Business Market Insights

According to Business Market Insights’ research, the Middle East & Africa temperature sensor market was valued at US$ 561.73 million in 2023 and is expected to reach US$ 735.15 million by 2030, registering a CAGR of 3.9% from 2023 to 2030. Miniaturization of temperature sensors, increasing number of data centers, and strategic initiatives by government are among the critical factors attributed to drive the Middle East & Africa temperature sensor market growth.

Miniaturized devices play a crucial role in monitoring and controlling temperature in a wide range of applications such as medical, wearables, diagnostics, and automotive. Advancements in microelectromechanical systems (MEMS) and nanotechnology have enabled the development of smaller and more precise temperature sensors. These technologies allow seamless integration of temperature-sensing capabilities into smaller devices without hampering accuracy and reliability. Furthermore, market players are highly adopting advanced technologies and entering partnerships to meet industry-specific requirements. For instance, in May 2022, Heraeus Holding collaborated with accensors GmbH to jointly develop solutions that support the miniaturization trend. The companies are planning to integrate miniaturized temperature sensors into film sensors to increase measurement accuracy. Moreover, the emergence of numerous other industries, including agriculture and environment monitoring, has surged the demand for miniaturized temperature sensors for monitoring soil conditions and climate change indicators. Thus, the rising demand for miniaturized temperature sensors is projected to drive the market soon.

On the contrary, high costs associated with the temperature sensors hamper the growth of Middle East & Africa temperature sensor market.

Based on type, the Middle East & Africa temperature sensor market is segmented into thermocouple, resistance temperature detectors (RTD), thermistor, infrared, and others. The thermocouple segment held 44.3% share of Middle East & Africa temperature sensor market share in 2023, amassing US$ 249.01 million. It is projected to garner US$ 337.69 million by 2030 to register 4.4% CAGR during 2023–2030.

In terms of connectivity, the Middle East & Africa temperature sensor market is segmented into wired and wireless. The wired segment held 78.5% share of Middle East & Africa temperature sensor market in 2023, amassing US$ 440.74 million. It is anticipated to garner US$ 566.35 million by 2030 to expand at 3.6% CAGR during 2023–2030.

By end user, the Middle East & Africa temperature sensor market is segmented into semiconductor manufacturing, healthcare & pharma, food and beverage, data center, aerospace, energy & utilities, and others. The others segment held 31.2% share of Middle East & Africa temperature sensor market in 2023, amassing US$ 175.04 million. It is projected to garner US$ 236.14 million by 2030 to expand at 4.4% CAGR from 2023 to 2030.

Based on country, the Middle East & Africa temperature sensor market is categorized into the UAE, Saudi Arabia, South Africa, and the Rest of Middle East & Africa. Our regional analysis states that the UAE captured 42.3% share of Middle East & Africa temperature sensor market in 2023. It was assessed at US$ 237.86 million in 2023 and is likely to hit US$ 335.65 million by 2030, registering a CAGR of 5.0% during 2023–2030.

Key players operating in the Middle East & Africa temperature sensor market Texas Instruments Inc.; Siemens Ltd.; TE Connectivity Ltd.; Amphenol LTW Ltd.; Analog Devices Inc.; Emerson Electric Co.; Panasonic Corporation; Microchip Technology, Inc.; Honeywell International, Inc.; and NXP Semiconductors N.V, among others.

• In January-2023, TDK Corp introduced the TDK i3 Micro Module, the first module with edge AI and wireless mesh connectivity. It is developed in collaboration with Texas Instruments, it integrates TI SimpleLink, Arm Cortex-M4F MCU, SmartIndustrial MEMS accelerometer, and mesh network functionality. This module simplifies deployment and sensor data gathering.
• In December-2022, Newark has signed a global distribution agreement with Analog Devices Inc enhancing its semiconductor portfolio. The agreement will deliver the Analog Devices portfolio, including new-to-market products, to design engineers in various markets. The expanded range includes mixed signal and power management products, suitable for 5G, IoT, cyber security, radar systems, RF solutions, sensor interfaces, and precision technology applications. The partnership aims to meet market requirements and drive customer success.
• In May-2022, Designed for a wide range of healthcare and industrial applications, including vital signs monitoring, hearing aids, and motion-enabled metering devices, Analog Devices Inc.’s (ADI) three-axis ADXL367 MEMS accelerometer improves power consumption by two times versus a previous generation of the device (ADXL362) while improving noise performance by up to over 30%. Key features include 200nW motion detection in wakeup mode and 970nW in measurement; and deep multimode output FIFO, a built-in micropower temperature sensor, an internal ADC for synchronous conversion of an additional analog input, and single/double tap detection and state machine to prevent a false triggering.

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