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Soaring Smartphone Penetration Fueling Surge in Temperature Sensor Market

The global temperature sensor market generated a revenue of $6.9 billion in 2019 and it is predicted to reach $11.1 billion revenue by 2030. Furthermore, the market will advance at a CAGR of 4.4% from 2020 to 2030 (forecast period), as per the forecast of P&S Intelligence, a market research company based in India. 

The major factors driving the growth of the market are the surging sales of smartphones and the burgeoning requirement for temperature sensors in the automotive industry. In the automotive industry, temperature sensors are extensively used for measuring the temperature of several liquids, systems, and gases within automobiles in order to ensure their proper functioning. 


These sensors are majorly used in heating, ventilation, and air conditioning (HVAC) systems, which are one of the critical components of automobiles. Because of this reason, the soaring sales of vehicles, especially in the Asia-Pacific (APAC) countries such as China, South Korea, and India, are propelling the requirement for temperature sensors.

Besides the aforementioned factor, the mushrooming need for body-worn sensors is also fueling the expansion of the temperature sensor market. With the increasing adoption of the internet of things (IoT) in the healthcare sector and the rapid advancements being made in this industry, the usage of body-worn temperature sensors is soaring. 

These devices are incorporated in custom-made systems or in smartwatches for measuring the pulse rate and temperature of the wearer. Moreover, the growing demand for wearable medical monitoring devices, fitness bands, and smart watches is fueling the popularity of body-worn temperature sensors.

This market research report provides a comprehensive overview of the market
  • Future potential of the market through its forecast for the period 2020– 2030
  • Major factors driving the market and their impact during the short, medium, and long terms
  • Market restraints and their impact during the short, medium, and long terms
  • Recent trends and evolving opportunities for the market participants
  • Historical and the present size of the market segments and understand their comparative future potential
  • Potential of on-demand logistics services, so the market players make informed decisions on the sales of their offerings
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