Temperature is one of the most monitored parameters in a system, and plays a major role in hazardous or critical applications. Temperature sensing has been gaining importance, particularly in R&D and industrial settings, giving rise to high demand for temperature sensors. Companies operating in the market have been investing heavily in research and development activities in order to develop and enhance temperature sensor functionality. Increasing adoption of HVAC modules is expected to favorably impact the global industry.
Presently, contact type or electronic temperature sensors have dominated the market; however, competition is expected to be fierce between contact and non-contact type technology in the future. Non-contact sensors are used in high temperature applications, and IR temperature sensors accounted for significant market share in 2012. IR sensing is primarily employed in industries such as food and beverage, metals, plastic, etc.
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Growing demand for consumer electronics such as smartphones, cameras and media players make use of microprocessors, which is expected to boost market growth, since they have temperature sensing ICs. In addition, mandates related to safety in North America and Europe have acted a key driver for overall industry growth. Sensors used in applications such as automotive and consumer electronics are cost-effective as compared to those used for industrial and process control purposes. This has resulted in ongoing advancements in technologies such as IR to give rise to a cost-efficient solution.
Key regional markets analyzed and reported in this study include:
· North America
· Asia Pacific
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