Temperature Sensors Market Size and Trends

1. Market size

(1) Global market situation

According to MEMS Consulting report, the global temperature market stood at $5.13 billion in 2016 and is expected to grow at a CAGR of 4.8% during 2016 to 2022, with the market expected to reach $6.79 billion by 2022. In terms of shipments, the global temperature sensor market is expected to grow in double digits. The current growing demand for temperature sensors in the semiconductor industry, automotive industry, and some process industries is attributed to the growing demand for sensing technology from industrial end-users and increasing vehicle production in economies such as Japan, India, and China. The report segments the global temperature sensors market by product type, end-user industry (including process industries, discrete industries, etc.), and geography.

In terms of product type, temperature sensors based on thermocouple technology will hold the largest market share. In terms of end-users in the process industry, the chemical and petrochemical industry is expected to hold the largest market share, and the growing usage of temperature sensors in the industrial sector and the increasing focus on safety and monitoring in this industry is expected to dominate the temperature sensors market in the process industry during the period 2016~2022.

Among other discrete industries, the semiconductor industry is expected to hold the largest market share and dominate the temperature sensor market from 2016 to 2022. The Heating, Ventilation, and Air Conditioning (HVAC) industry is expected to have the highest CAGR during the forecast period of this report. HVAC systems are widely used in commercial buildings such as offices and hotels.

North America is expected to hold the largest market share and dominate the temperature sensors market during the period 2016 to 2022 due to: increasing use of temperature sensors by research institutes in the region to study the environmental changes in North America; and growing use of temperature sensors in the logistics and warehousing industry. In addition, the Asia-Pacific region is also full of potential growth opportunities.

Global Temperature Sensors Market by Region, 2022

(2) Domestic market size

Sensor technology, as a central means of collecting information, is an important pillar of modern information technology, alongside communication and computer technology. It has had a profound impact on the development of the country's automation industry and on the process of industrial construction as a whole.

In today's information age, the first thing people need to solve is to obtain accurate and reliable information, and sensors are the main ways and means to obtain information in the field of nature and production. Sensors have penetrated into industrial production, thermal energy measurement, cosmic development, ocean exploration, environmental protection, resource investigation, medical diagnosis, bioengineering and even cultural relics protection and other fields, to promote economic development and social progress has played a positive role.

From the point of view of application, mechanical industry, automotive electronics, communication electronics, consumer electronics, four parts of the sensor is the largest market. Domestic industrial and automotive electronics field of sensors accounted for about 42% or so, and the fastest growing is the automotive electronics and communication electronics application market.

Chinese sensors are mainly used in industrial and automotive electronics

Industrial and automotive electronics Other

In recent years, the domestic sensor market has continued to grow rapidly, with an average annual growth rate of more than 20%. At present, China has more than 1700 enterprises engaged in the production and research and development of sensors, and the market scale reached 86.5 billion yuan in 2014 and 99.5 billion yuan in 2015. Among them, the scale of pressure sensor industry is about 19.4 billion yuan, accounting for about 19.5%; the scale of flow sensor is about 21.19 billion yuan, accounting for about 21.3%, and the scale of temperature sensor is about 14.33 billion yuan, accounting for about 14.4%.

Measured by an annual growth rate of 20%, it can be predicted that the size of the domestic temperature sensor market in 2018 will be about 22.5 billion: the sales market of China's temperature sensor industry in recent years is shown in the figure below:

2. Development trends

Over the past hundred years, the development of temperature sensors has roughly gone through the following 3 stages:

1) Conventional discrete temperature sensors (with sensitive elements)

2) Analog Integrated Temperature Sensor/Controller

3) Intelligent Temperature Sensor

"Currently, temperature sensors worldwide are undergoing a major shift from analog to digital, integrated to intelligent and networked."