At 6.4% CAGR, North America Temperature Sensor Market is Projected to be Worth US$ 2,762.85 Million by 2030, says Business Market Insights

According to Business Market Insights' research, the North America temperature sensor market was valued at US$ 1,785.81 million in 2023 and is expected to reach US$ 2,762.85 million by 2030, registering a CAGR of 6.4% from 2023 to 2030. Growing adoption across various industries, increasing number of data centers, and strategic initiatives by government are among the critical factors attributed to drive the North America temperature sensor market growth.

Temperature sensors are used for various purposes across industries such as semiconductor manufacturing, aerospace, healthcare & pharma, food & beverage, energy & utilities, and data centers for accurately and efficiently monitoring the temperatures of a particular object or environment. These sensors are used for calculating the temperature of a certain object or environment. Below mentioned are the uses and benefits provided by temperature sensors in numerous industries -

• Semiconductor Manufacturing - Temperature sensors are usually incorporated into integrated circuits (ICs), including microprocessors and microcontrollers. These ICs are widely used to manufacture laptops, tablets, desktop computers, mobile telephones, and other electronic devices. Growing demand for high-performance microprocessors and microcontrollers among electronics manufacturers is driving the market. For instance, in December 2023, Microchip Technology Inc. launched the AVR EB Family of Microcontrollers (AVR EB MCUs), used to manufacture laptops, desktop computers, and other electronic devices. AVR EB MCUs are used to reduce noise, vibration, and system harness by adjusting timing, speed, and waveform shape in the semiconductor manufacturing process.
• Aerospace - Temperature sensors are essential for the aerospace industry for measuring the degree of hydraulic oils, fuel, and coolants. Resistance temperature detectors (RTD) and thermocouples are the two most common temperature sensors that can withstand extreme high-heat environments and are used to measure overeating of engines accurately. Companies such as Fluid Components LLC, Temp-Pro Inc., and AMETEK Inc. are engaged in developing high-performance temperature sensors for the aerospace industry.
• Healthcare & Pharma - Healthcare & pharma industries are increasingly using temperature sensors integrated within the machines and devices. Temperature sensors, such as thermistors, thermocouples, magnetic resonance imaging (MRI) equipment, resistance temperature detectors (RTDs), and portable ultrasound scanners, are used to perform a range of medical procedures and monitor patients. For instance, temperature sensors support thermometers in the quick and accurate measurement of a patient's health. They provide real-time data to medical staff to offer higher standards of service to patients. For instance, in September 2023, TriMedika Ltd launched TRITEMP non-contact thermometer for monitoring patient's foreheads. TRITEMP is integrated with an infrared sensor that detects infrared radiation emitted by a patient's forehead and converts it into an accurate reading for healthcare providers. Moreover, TRITEMP is a highly portable and versatile device that can be used in numerous healthcare settings, including hospitals, clinics, and home care.

Other industries such as food & beverages, energy & utilities, data centers, oil & gas, mining, and automotive are also increasingly adopting temperature sensors for measuring the temperature of engines and machines. The growing use of temperature sensors helps industries measure temperature by tracking activities, which is propelling the market.

On the contrary, high costs associated with the temperature sensors hamper the growth of North America temperature sensor market.

Based on type, the North America temperature sensor market is segmented into thermocouple, resistance temperature detectors (RTD), thermistor, infrared, and others. The thermocouple segment held 34.7% share of North America temperature sensor market share in 2023, amassing US$ 619.08 million. It is projected to garner US$ 1,022.12 million by 2030 to register 7.4% CAGR during 2023-2030.

In terms of connectivity, the North America temperature sensor market is segmented into wired and wireless. The wired segment held 64.6% share of North America temperature sensor market in 2023, amassing US$ 1,153.02 million. It is anticipated to garner US$ 1,725.98 million by 2030 to expand at 5.9% CAGR during 2023-2030.

By end user, the North America temperature sensor market is segmented into semiconductor manufacturing, healthcare & pharma, food and beverage, data center, aerospace, energy & utilities, and others. The semiconductor manufacturing segment held 25.2% share of North America temperature sensor market in 2023, amassing US$ 450.57 million. It is projected to garner US$ 774.89 million by 2030 to expand at 8.1% CAGR from 2023 to 2030.

Based on country, the North America temperature sensor market is categorized into the US, Canada, and Mexico. Our regional analysis states that the US captured 89.9% share of North America temperature sensor market in 2023. It was assessed at US$ 1,605.24 million in 2023 and is likely to hit US$ 2,514.88 million by 2030, registering a CAGR of 6.6% during 2023-2030.

Key players operating in the North America temperature sensor market are Texas Instruments Inc.; Siemens Ltd.; TE Connectivity Ltd.; Amphenol LTW Ltd.; Analog Devices Inc.; Emerson Electric Co.; Microchip Technology Inc.; Panasonic Corporation; 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.
  
  

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