Embedded Temperature Sensor Market Analysis and Forecast 2020: By Keyplayers Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Delphi Technologies, Siemens, ABB, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., F

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The temperature sensor is an electronic device that measures the temperature of person, environment or an object. The temperature sensor is used to state the degree or intensity of heat present in a substance. These sensors will convert input data to electronic data to record, monitor, and then display in a human readable format. There are mainly two types of sensors i.e. contact and non-contact temperature sensors. Non-contact temperature sensors are basically infrared (IR) sensors.
Temperature sensor provides benefits such as durability, accuracy, and low power consumption. These sensors are used in various industries to detect overheating and give alert to end users. The temperature sensor finds its application in various sectors such as consumer electronics, semiconductor, chemical, manufacturing, and others.

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Major players operating in the global embedded temperature sensor market include  Honeywell International Inc., NXP Semiconductors, Panasonic Corporation, Delphi Technologies, Siemens, ABB, STMicroelectronics, Emerson Electric Co., Microchip Technology Inc., Fluke Process Instruments, Mouser Electronics, Inc., Robert Bosch GmbH, TE Connectivity, DENSO CORPORATION, OMRON Corporation, FLIR Systems, Inc., Amphenol Advanced Sensors, Maxim Integrated, KONGSBERG, Yokogawa India Ltd., Infineon Technologies AG, TDK-Micronas GmbH, Amphenol Corporation, OMEGA Engineering inc., ON Semiconductor, CODICO GmbH, Sensata Technologies, Inc., VINCI, and Digi-Key Electronics.

The global embedded temperature sensor market is expected to witness significant growth during the forecast period (2020–2027). The growth of the embedded temperature sensor market is majorly attributed to the increasing demand for temperature sensors in consumer electronics such as laptops, tablets, smart wearables, and others. The demand for smartwatches has increased from health conscious people. Smartwatches provide important information related to pulse or heart rate and give suggestions to remain healthy.
Moreover, smart shirts are also used by players to monitor the movement of the body. Smart shirts are helpful for sportsperson to keep the record of their daily goal and to track heart rate, pulse rate, and heat level. For instance, according to Coherent Market Insights’ analysis, the number of people using smart wearables across the globe increased from 523.3 million in 2017 to 832.3 million in 2020.
Moreover, research and wearable manufacturing companies are manufacturing advanced sensors that can be packed into wearables to measure temperature. Due to advancements in technology, more innovative products are being introduced in the market such as smartwatches, armbands, and smart T-shirts. Armbands are designed to track the human body movement, detect accurate health, and pulse rate. Furthermore, embedded temperature sensors are used in smartphones to monitor the fertility status of women. The status of fertility is displayed on the smartphone screen. For instance, women in the U.S. are using such devices to main a healthy lifestyle.

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Increasing health awareness is one of the major factors driving the demand for temperature sensors among consumers to keep a track of their health. People who are conscious about their health spend a lot on monitoring devices such as smartwatches and smartphones. By using smartwatches, people can consult a doctor and take precautions in advance. For instance, in October 2019, SAMSUNG launched SAMSUNG GALAXY WATCH ACTIVE 2 that is used to monitor blood pressure and track health-related problems. This smartwatch is helpful in measuring a person’s blood pressure and making them aware about their health issues. Hence, these factors are expected to drive the market growth during the forecast period.

Embedded Temperature Sensor Market - Impact of Coronavirus (Covid-19) Pandemic

COVID-19 pandemic is expected to drive growth of the embedded temperature sensor market during the forecast period. All Chinese manufacturers have shut down their operations to hold the spread of coronavirus pandemic. Countries such as India find it difficult to source important raw materials and electronic components from Chinese factories. Demand for temperature sensors is expected to increase till the pandemic is under control. Temperature sensors are used at airports, land borders, and popular public spaces to check the temperature of people.

North America held a dominant position in the global embedded temperature sensor market in 2019 and is projected to retain its dominance throughout the forecast period, owing to increasing demand for temperature sensors from oil & gas, automotive, and consumer electronics sectors. For instance, in 2017, FOSA (Fiber-Optic Sensing Association), the U.S first trade association, launched optical fiber sensing. Fiber-optic sensing is an advanced technology that uses light in fiber-optic cables to measure acoustics, temperature, and strain. Through this technology, individuals can detect pipeline leakage, seismic activity, and unsafe temperature in the oil and gas industry. Additionally, increased demand for smart wearables in the U.S has increased the demand for temperature sensors. This is due to urbanization and the penetration of smart technologies in the market. Moreover, according to the U.S. Bureau of Economic Analysis (BEA), disposable personal income in the U.S. increased to US$ 16,706.40 billion in December 2019 from US$ 16,675.80 billion in November of 2019.

Asia Pacific region is expected to exhibit the highest growth during the forecast period. This owing to the rising adoption of temperature sensors in industries such as oil and gas, and chemicals for the prevention of moisture, overheating, and corrosion. Moreover, rising investment in the oil and gas industry will provide lucrative opportunities for the embedded temperature sensor market in the coming years. For instance, according to India Brand Equity Foundation (IBEF), the investment in oil and gas exploration and production activities in India is expected to reach US$ 25 million by 2022. In addition, the growing government policies and initiatives towards the fulfillment of energy demands and initiation of new projects will contribute positively to the embedded temperature sensor market revenue during the forecast period. Due to the above-mentioned factors, the embedded temperature sensor market is expected to witness significant growth during the forecast period.

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Increasing demand for embedded temperature sensor in food & beverages industry is expected to drive the market growth during the forecast period
Among end-use industry, the food & beverage segment is expected to hold a dominant position in the global embedded temperature sensor market during the forecast period. This is owing to the increasing demand for embedded temperature sensors for quality assurance during production, storage, and transit. For instance, due to stringent government regulations for Food and Drug Administration (FDA), it is mandated to use temperature sensors to monitor the temperature in complicated processes such as bottling, emulsification, piping, pasteurization, and others.

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