Digital Temperature Sensor Market - Forecast(2020 - 2025)

Report Code: AIR 0332 Report Format: PDF + Excel (Delivery in 48 Hrs)
Overview

Digital Temperature Sensor Market size was valued $3.76 billion in 2019, estimated to grow at a CAGR of 11.14% during 2020-2025. The shift towards digitalization in electronics has led to the rise of IoT and IIoT which has further fueled the growth of the digital temperature sensors. Furthermore, the digital revolution in the sensing industry has enhanced the manufacturers to design and develop new temperature sensors that utilize a digital interface with low interface. In addition, the growing use of temperature sensors in the industrial marketplace are further anticipating the growth of the digital temperature sensors market during the forecast period. 
 
Key Takeaways
  • In 2019, the Digital Temperature Sensors market was dominated by Asia Pacific owing to the growth of the manufacturing and consumer electronics industry in the countries such as China and India.
  • The demand for consumer electronic products such as wearable’s including fitness trackers are highly enhancing the growth of the digital temperature sensors market. moreover, the growing demand for smart homes including enhanced consumer electronic products such as refrigerators, air conditioning and so on are highly propelling the market’s growth.
  • With the increasing demand for internet of things (IoT) powered devices including thermostats and the connected home, crop/livestock monitors, as well as industrial machinery as part of the Industrial Internet of Things (IIoT) are further expanding the market’s growth .
  • The major drawback that is hampering the growth of the market is designing of the digital temperature sensors, which require enhanced skill workforce.
Application - Segment Analysis

Consumer Electronics segment held the largest market share in the Digital Temperature Sensors market in 2019. As people nowadays are highly relying on consumers electronic products such as mobile devices including wearable’s, phones, handheld gaming consoles and so on. Also, the rising demand for smart meters in the power generation sector and the growing need for advanced electronic products for smart homes are enhancing the consumer electronics application. Thus, the growing use of these products enables the requirement of in-built digital temperature sensors for effectively monitoring the temperature without leading to any complexity. This factors are further enhancing the demand for the consumer electronics industry and further propelling the market growth.

Geography - Segment Analysis

In 2019, Asia Pacific dominated the Digital Temperature Sensor market with a share of more than 42.36%, followed by North America and Europe. As countries such as China and Industries has major manufacturing industries which has fueled the demand for digital temperature sensors market in this region. Furthermore, China is the most major manufacturer of consumer electronics products which is also amongst the most common factors that is driving the market’s growth. Also, the launch of Chandrayan-2 in 2019 by the Indian Space Research Organization has also made a positive impact one the growth of the market. As, digital temperature sensors are most important component for space missions in order to monitor the temperature and maintaining the temperature.  This major key factors has driven the digital temperature sensors market in the APAC region during the forecast period. 
Drivers – Digital Temperature Sensor Market
  • Growing popularity of fitness products
The increasing demand for fitness products in order to become aware of the negative implications of health issues, either going unnoticed or undetected has raised the demand for digital temperature sensors. The growing popularity of wearable’s and fitness trackers for enhanced patient monitoring has enhanced the need for latest digital temperature sensors. Moreover, the changing lifestyle of the consumers for maintaining health and, further reducing the risks of any diseases is also driving the need for fitness trackers.  As, fitness trackers checks the body temperatures and monitors patients health requires the need for digital temperature sensors. As a result, digital temperature sensors are highly employed in fitness trackers that tracks the temperature of the body during activity and at rest.
  • Increasing Demand for IoT 
The rising demand for Internet of things (IoT) devices has raised the need for digital temperature sensors. Moreover, the increasing application of mobile battery-powered IoT applications has driven the need for digital temperature sensors, as it has very low power consumption, and can be used at any point of time. In addition, the demand for air conditioner equipped with IoT are significantly enhancing the need for advanced digital temperature sensors for optimizing the room temperature and compressor settings. Thus, the increasing demand for the IoT platforms is majorly driving the demand for the digital sensors market.

Challenges – Digital Temperature Sensor Market
  • Design Challenges
The digital temperature sensors are becoming widely popular, but it is mainly hindered by the process of the designing the temperature sensors. The designing of the digital temperature sensors are complex and also requires features such as stability, accuracy and sensitivity. In order to maintain these features digital temperature sensors are widely dependent on monitoring solution. Thus, this monitoring solution requires highly skilled workforce in order to overcome the designing challenges of the digital temperature sensors. 

Market Landscape

Technology launches, acquisitions and R&D activities are key strategies adopted by players in the Digital Temperature Sensor market. In 2019, the market of Digital Temperature Sensor has been consolidated by the top ten players – TI, Maxim, Analog, Microchip, NXP, ON Semiconductor, Silicon Labs, Measurement Specialties, Melexis, IDT, STMicroelectronics, Semtech 

Acquisitions/Technology Launches
  • In October 2018, Texas Instruments introduced a family of temperature sensor that includes ±0.1°C accuracy across a wide temperature range and helps simplify system design for industrial and medical applications. In this range of sensors, TMP117 is the first single chip digital temperature sensor that supports medical thermometers. These range of new temperature sensors allows engineers to accurately perform ultra-low-power patient monitoring, field transmitter and metering applications.
1. Digital Temperature Sensor Market – Market Overview 
    1.1. Definitions and Scope
2. Digital Temperature Sensor Market – Executive Summary 
    2.1. Market Revenue, Market Size and Key Trends by Company
    2.2. Key Trends by Type of Application
    2.3. Key Trends Segmented by Geography
3. Digital Temperature Sensor Market
    3.1. Comparative analysis
        3.1.1. Product Benchmarking – Top 10 Companies
        3.1.2. Top 5 Financials Analysis
        3.1.3. Market Value Split by Top 10 Companies
        3.1.4. Patent Analysis – Top 10 Companies
        3.1.5. Pricing Analysis
4. Digital Temperature Sensor Market – Startup Companies Scenario
    4.1. Top 10 Startup Company Analysis by
        4.1.1. Investment
        4.1.2. Revenue
        4.1.3. Market Shares
        4.1.4. Market Size and Application Analysis
        4.1.5. Venture Capital and Funding Scenario
5. Digital Temperature Sensor Market – Industry Market Entry Scenario Premium
    5.1. Regulatory Framework Overview
    5.2. New Business and Ease of Doing Business Index
    5.3. Case Studies of Successful Ventures
    5.4. Customer Analysis – Top 10 Companies
6. Digital Temperature Sensor Market — Market Forces
    6.1. Drivers
    6.2. Constraints
    6.3. Challenges
    6.4. Porter’s Five Force Model
        6.4.1. Bargaining Power of Suppliers
        6.4.2. Bargaining Power of Customers
        6.4.3. Threat of New Entrants
        6.4.4. Rivalry Among Existing Players
        6.4.5. Threat of Substitutes
7. Digital Temperature Sensor Market – Strategic Analysis
    7.1. Value Chain Analysis
    7.2. Opportunities Analysis
    7.3. Product Life Cycle
    7.4. Suppliers and Distributors Market Share
8. Digital Temperature Sensor Market – By Type (Market Size – $Million/$Billion)
    8.1. Market Size and Market Share Analysis
    8.2. Application Revenue and Trend Research
    8.3. Product Segment Analysis
        8.3.1. Introduction
        8.3.2. Temperature Sensor IC
        8.3.3. Thermostat IC
        8.3.4. Temperature Switch IC
        8.3.5. Fan Controller IC
9. Digital Temperature Sensor Market – By Technology (Market Size – $Million/$Billion)
    9.1. Introduction
    9.2. Contact (Local)
10. Digital Temperature Sensor Market – By Usage(Market Size – $Million/$Billion)
    10.1. Introduction
    10.2. Gas
    10.3. Liquid
    10.4. Air 
11. Digital Temperature Sensor Market – By Application (Market Size – $Million/$Billion)
    11.1. Automotive
        11.1.1. Telematics
        11.1.2. Displays
        11.1.3. Dashboards
        11.1.4. Electronic Systems
        11.1.5. Battery packs
        11.1.6. Engine
        11.1.7. Others (EV/HEV, Charging Station, Powertrain (Inverter), Airflow Sensing, Climate Control, Xenon Lighting)
    11.2. Medical
        11.2.1. MRI imagers
        11.2.2. Portable ultra sound scanners
        11.2.3. Others (Wearables (medical), X-Ray, Thermometers) 
    11.3. Consumer Electronics
        11.3.1. Mobile devices (Phones, Wearables (Non-Medical),  Handheld Gaming Consoles)
        11.3.2. Tablets
        11.3.3. Cameras
        11.3.4. Refrigerators
        11.3.5. Microwave ovens
        11.3.6. Data loggers
        11.3.7. Others (Servers, Smart Thermostat, Smart Meter, Gaming Consoles, PCs (incl. Peripherals) and other Smart Home Devices)
    11.4. Automation
12. Digital Temperature Sensor Market – By Geography
    12.1. Digital Temperature Sensor Market – Americas Segment Research
    12.2. North America Market Research (Market Size — $Million/$Billion)
        12.2.1. Segment Type Size and Market Size Analysis 
        12.2.2. Revenue and Trends
        12.2.3. Application Revenue and Trends by Type of Application
        12.2.4. Company Revenue and Product Analysis
        12.2.5. North America Product Type and Application Market Size
                12.2.5.1. U.S.
                12.2.5.2. Canada
                12.2.5.3. Mexico
    12.3. Digital Temperature Sensor Market – Americas Segment Research
    12.4. South America Market Research (Market Size — $Million/$Billion)
        12.4.1. Segment Type Size and Market Size Analysis 
        12.4.2. Revenue and Trends
        12.4.3. Application Revenue and Trends by Type of Application
        12.4.4. Company Revenue and Product Analysis
        12.4.5. South America Product Type and Application Market Size
                12.4.5.1. Brazil
                12.4.5.2. Argentina
                12.4.5.3. Colombia
                12.4.5.4. Rest of South America
    12.5. Digital Temperature Sensor Market – Europe Segment Research
    12.6. Europe Market Research (Market Size – $Million/$Billion)
        12.6.1. Segment Type Size and Market Size Analysis 
        12.6.2. Revenue and Trends
        12.6.3. Application Revenue and Trends by Type of Application
        12.6.4. Company Revenue and Product Analysis
        12.6.5. Europe Segment Product Type and Application Market Size
                12.6.5.1. Germany
                12.6.5.2. U.K.
                12.6.5.3. France
                12.6.5.4. Italy
                12.6.5.5. Spain
                12.6.5.6. Poland
                12.6.5.7. Russia
                12.6.5.8. Czech republic
                12.6.5.9. Turkey
                12.6.5.10. Rest of Europe
    12.7. Digital Temperature Sensor Market – APAC Segment Research
    12.8. APAC Market Research (Market Size – $Million/$Billion)
        12.8.1. Segment Type Size and Market Size Analysis
        12.8.2. Revenue and Trends
        12.8.3. Application Revenue and Trends by Type of Application
        12.8.4. Company Revenue and Product Analysis
        12.8.5. APAC Segment – Product Type and Application Market Size
                12.8.5.1. China
                12.8.5.2. Japan
                12.8.5.3. India
                12.8.5.4. Australia
                12.8.5.5. Indonesia
                12.8.5.6. Thailand
                12.8.5.7. South Korea
                12.8.5.8. Rest of Asia-Pacific
    12.9. Digital Temperature Sensor Market – RoW Segment Research
    12.10. RoW Market Research (Market Size – $Million/$Billion)
        12.10.1. Segment Type Size and Market Size Analysis 
        12.10.2. Revenue and Trends
        12.10.3. Application Revenue and Trends by Type of Application
        12.10.4. Company Revenue and Product Analysis
        12.10.5. RoW Segment – Product type and Application Market Size
                12.10.5.1. Middle East
                12.10.5.2. Africa
13. Digital Temperature Sensor Market — Market Entropy 
    13.1. New Product Launches
    13.2. M&As, Collaborations, JVs and Partnerships
14. Digital Temperature Sensor Market – Industry/Segment Competition Landscape
    14.1. Market Share Analysis
        14.1.1. Market Share by Country — Top Companies
        14.1.2. Market Share by Region — Top 10 Companies
        14.1.3. Market Share by Type of Application – Top 10 Companies
        14.1.4. Market Share by Type of Product/Product Category – Top 10 Companies
        14.1.5. Market Share at Global Level — Top 10 Companies
        14.1.6. Best Practices for Companies
15. Digital Temperature Sensor Market – Key Company List by Country Premium
16. Digital Temperature Sensor Market Company Analysis
    16.1. Market Share, Company Revenue, Products, M&As, Developments
    16.2. Company 1
    16.3. Company 2
    16.4. Company 3
    16.5. Company 4
    16.6. Company 5
    16.7. Company 6
    16.8. Company 7
    16.9. Company 8
    16.10. Company 9
    16.11. Company 10 and more
"*Financials of private companies will be provided on a best-efforts basis"
17. Digital Temperature Sensor Market – Appendix
    17.1. Abbreviations
    17.2. Sources
18. Digital Temperature Sensor Market – Methodology
    18.1. Research Methodology
        18.1.1. Company Expert Interviews
        18.1.2. Industry Databases
        18.1.3. Associations
        18.1.4. Company News
        18.1.5. Company Annual Reports
        18.1.6. Application Trends
        18.1.7. New Products and Product Database
        18.1.8. Company Transcripts
        18.1.9. R&D Trends
        18.1.10. Key Opinion Leaders Interviews
        18.1.11. Supply and Demand Trends