EMBEDDED TEMPERATURE SENSOR MARKET ANALYSIS

Embedded Temperature Sensor MarketSize and Trends

The global embedded temperature sensor market is expected to witness significant growth during the forecast period (2022–2030). The growth of the embedded temperature sensor market is majorly attributed to the increasing demand for temperature sensors in consumer electronics such as laptops, tablets, smart wearables, and others. The demand for smartwatches has increased from health-conscious people. Smartwatches provide important information related to pulse or heart rate and give suggestions to remain healthy. Moreover, smart shirts are also used by players to monitor the movement of the body. Smart shirts are helpful for a sportsperson to keep a record of their daily goal and to track heart rate, pulse rate, and heat level. For instance, according to Coherent Market Insights’ analysis, the number of people using smart wearables across the globe increased from 523.3 million in 2017 to 832.3 million in 2020.

Moreover, research and wearable manufacturing companies are manufacturing advanced sensors that can be packed into wearable’s to measure temperature. Due to advancements in technology, more innovative products are being introduced in the market such as smartwatches, armbands, and smart T-shirts. Armbands are designed to track the human body movement, detect accurate health, and pulse rate. Furthermore, embedded temperature sensors are used in smartphones to monitor the fertility status of women. The status of fertility is displayed on the smartphone screen. For instance, women in the U.S. are using such devices to main a healthy lifestyle.

The global embedded temperature sensor market was valued at US$ 7,182.3 Mn in 2021.

Figure 2: Global Embedded Temperature Sensor Market (US$ Mn) Analysis and Forecast, 2017 - 2030

The global embedded temperature sensor market was valued at US$ 7,182.3 Mn in 2021 and is expected to reach US$ 13,401.1 Mn by 2030, growing at a CAGR of 7.4% between 2022 and 2030.