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Surging Automobile Sales Propelling Worldwide Demand for Temperature Sensors

The demand for resistance temperature detectors (RTDs) was found to be the highest in the world in 2019. This was because of the fact that these devices are highly stable, linear, and accurate. In addition to this, these devices can be easily customized and are thus, being extensively used in various consumer electronics applications. Depending on vertical, the temperature sensor market is categorized into automotive & aerospace, petrochemical and oil & gas, food & beverage, utilities, consumer electronics, pharmaceuticals, and industrial.

Out of these, the automotive & aerospace category dominated the market in 2019, mainly because of the enactment of strict government policies that mandated the incorporation of temperature sensors in vehicles. This was done to increase the fuel efficiency of automobiles, which was needed to mitigate the soaring air pollution levels and greenhouse gas (GHG) emissions from vehicles.

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Geographically, Asia-Pacific (APAC) held the largest share in the temperature sensor market in 2019, as per the observations of the market research company, P&S Intelligence. Moreover, this trend is predicted to continue in the forthcoming years as well. This will be due to the surging demand for processed food items, expanding consumer electronics industry, soaring sales of automobiles, and rising urbanization rate, especially in the developing nations such as China and India.

China is the largest procurer of temperature sensors in the APAC region and globally, the country is only behind the U.S. in terms of temperature sensor usage. Hence, it can be said without any hesitation that the sales of temperature sensors will boom in the coming years, mainly because of their growing requirement in the automotive & aerospace and consumer electronics industries across the world.

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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