Europe Temperature Sensor Market Forecast to 2030 - Regional Analysis - by Type (Thermocouple, Resistance Temperature Detectors, Thermistor, Infrared, and Others), Connectivity, and End Users

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The Europe temperature sensor market was valued at US$ 1,450.64 million in 2023 and is expected to reach US$ 2,111.95 million by 2030; it is estimated to register a CAGR of 5.5% from 2023 to 2030.

Evolution of Industry 4.0 Drives Europe Temperature Sensor Market

The introduction of Industry 4.0 brings several advances in the efficiency and productivity of industrial processes. Several industries use temperature sensors for generating real-time data based on temperature variation. Industries use this data for process optimization, predictive maintenance, and quality control, which further leads to a reduction in downtime, creating opportunities in the market. Temperature sensors are deployed to monitor complex industrial instruments and machines for monitoring their temperature range to maintain operational efficiency. The evolution of Industry 4.0 encourages technological advancements in nations, which creates opportunities for market growth.

Temperature sensors are crucial for smart factories and Industry 4.0 for enabling advanced automation, smart manufacturing, and data-driven decision-making activities. Temperature sensors are essential for measuring the temperature of various components, including motors, engines, and machines in smart factories. Temperature sensor enables continuous monitoring, which allows smart factories to identify deviations or inefficiencies in the processes by allowing real-time adjustments to improve productivity and reduce energy consumption. Temperature sensors are primarily used in Industry 4.0 and smart manufacturing. It helps in detecting overheating and abnormal temperature in the machinery and equipment by ensuing efficient operations and automation within modern industrial facilities. Thus, the growth in the smart manufacturing process is creating opportunities in the market.

Rising investment in smart city projects and growing city management initiatives further generate opportunities for market growth. For instance, in May 2022, the European Commission announced the participation of 100 climate-neutral and smart cities in the Cities Mission by 2030. The Cities Mission will receive funding of US$ 378.2 million to start research and innovation paths toward climate neutrality by 2030. These research and innovation actions are projected to address clean mobility, green urban planning, and energy efficiency and offer the possibility of collaborations in synergies with other EU programs. Temperature sensors are deployed in smart city projects for collecting real-time temperature variation data. This data helps urban planners in the designing of green roofs, reflective pavement, and urban forests to combat rising temperatures, which is expected to create opportunities in the market during the forecast period.

Europe Temperature Sensor Market Overview

The aerospace & defense sector in Europe is a crucial contributor to the region's economy. According to the General Aviation Manufacturers Association, the overall 2023 general aviation shipments and billings, when compared to 2022, saw an increment in all aircraft segments, in shipments, and preliminary aircraft deliveries which were valued at US$ 27.8 billion, an increase of 3.6%. As almost all aircraft require temperature sensors to perform flawlessly and to monitor the temperatures of turbine blades and other critical components, the increase in aircraft deliveries simultaneously drives the market for temperature sensors. The demand for these sensors is also increasing in military applications, such as in military ground vehicles, where temperature sensors are employed to monitor engine and transmission temperatures, ensuring optimal performance in diverse operational environments. Further, a consistent growth in military spending has been observed for seven consecutive years. According to the European Defense Agency, European military spending was US$ 231 billion in 2021, a 6% increase from 2020.

Various companies in Europe are taking initiatives in the temperature sensor market to expand their portfolio, such as partnerships and product launches. For instance, in August 2023, Greece's prime minister announced the launch of forest temperature sensors to improve preventive firefighting after criticism from climate activists over a devastating wildfire burning for almost two weeks. Similarly, in January 2024, Monnit announced that its ALTA Wireless Standard Enterprise and industrial temperature sensors are certified for Europe's EN12830 cold chain traceability standard. Hence, the growth of the aerospace & defense industry and new launches of temperature sensors are boosting the temperature sensor market growth in Europe.

Europe Temperature Sensor Market Revenue and Forecast to 2030 (US$ Million)

Europe Temperature Sensor Market Segmentation

The Europe temperature sensor market is categorized into type, connectivity, end user, and country.

Based on type, the Europe temperature sensor market is segmented into thermocouple, resistance temperature detectors (RTD), thermistor, infrared, and others. The thermocouple segment held the largest share of Europe temperature sensor market share in 2023.

In terms of connectivity, the Europe temperature sensor market is bifurcated into wired and wireless. The wired segment held a larger share of Europe temperature sensor market in 2023.

By end users, the Europe temperature sensor market is segmented into semiconductor manufacturing, healthcare & pharma, food and beverage, data center, aerospace, energy & utilities, and others. The semiconductor manufacturing segment held the largest share of Europe temperature sensor market in 2023.

By country, the Europe temperature sensor market is segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. Germany dominated the Europe temperature sensor market share in 2023.

Texas Instruments Inc.; Siemens Ltd.; TE Connectivity Ltd.; Amphenol LTW Ltd.; Analog Devices Inc.; Emerson Electric Co.; Microchip Technology Inc.; Panasonic Corporation; Honeywell International, Inc.; and NXP Semiconductors N.V are some of the leading companies operating in the Europe temperature sensor market.

Product Code: BMIRE00031375

1. Introduction

1.1 The Insight Partners Research Report Guidance
1.2 Market Segmentation

2. Executive Summary

2.1 Key Insights
2.2 Market Attractiveness

3. Research Methodology

3.1 Coverage
3.2 Secondary Research
3.3 Primary Research

4. Temperature Sensor Market Landscape

4.1 Overview
4.2 Ecosystem Analysis
- 4.2.1 List of Vendors in the Value Chain
4.3 Premium Insights
- 4.3.1 Pricing Analysis by Type (US$/Unit)
- 4.3.2 Product Benchmarking by End Users

5. Europe Temperature Sensor Market - Key Market Dynamics

5.1 Market Drivers
- 5.1.1 Growing Adoption Across Various Industries
- 5.1.2 Increasing number of Data Centers
- 5.1.3 Strategic Initiatives by Government
5.2 Market Restraints
- 5.2.1 High Costs Associated with the Temperature Sensors
5.3 Market Opportunities
- 5.3.1 Evolution of Industry 4.0
- 5.3.2 Rising Demand for Wireless Temperature Sensors
5.4 Future Trends
- 5.4.1 Miniaturization of Temperature Sensors
5.5 Impact of Drivers and Restraints:

6. Temperature Sensor Market - Europe Analysis

6.1 Overview
6.2 Temperature Sensor Market Revenue (US$ Million), 2020-2030
6.3 Temperature Sensor Market Forecast Analysis

7. Europe Temperature Sensor Market Analysis - by Type

7.1 Thermocouple
- 7.1.1 Overview
- 7.1.2 Thermocouple: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
7.2 Resistance Temperature Detectors (RTD)
- 7.2.1 Overview
- 7.2.2 Resistance Temperature Detectors (RTD): Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
7.3 Thermistor
- 7.3.1 Overview
- 7.3.2 Thermistor: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
7.4 Infrared
- 7.4.1 Overview
- 7.4.2 Infrared: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
7.5 Others
- 7.5.1 Overview
- 7.5.2 Others: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)

8. Europe Temperature Sensor Market Analysis - by Connectivity

8.1 Wired
- 8.1.1 Overview
- 8.1.2 Wired: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
8.2 Wireless
- 8.2.1 Overview
- 8.2.2 Wireless: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)

9. Europe Temperature Sensor Market Analysis - by End Users

9.1 Semiconductor Manufacturing
- 9.1.1 Overview
- 9.1.2 Semiconductor Manufacturing: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
9.2 Healthcare and Pharma
- 9.2.1 Overview
- 9.2.2 Healthcare and Pharma: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
9.3 Food and Beverage
- 9.3.1 Overview
- 9.3.2 Food and Beverage: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
9.4 Data Center
- 9.4.1 Overview
- 9.4.2 Data Center: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
9.5 Aerospace
- 9.5.1 Overview
- 9.5.2 Aerospace: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
9.6 Energy and Utilities
- 9.6.1 Overview
- 9.6.2 Energy and Utilities: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
9.7 Others
- 9.7.1 Overview
- 9.7.2 Others: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)

10. Europe Temperature Sensor Market - Country Analysis

10.1 Europe Market Overview
- 10.1.1 Europe: Temperature Sensor Market, By Key Country - Revenue 2023 (US$ Million)
- 10.1.2 Europe: Temperature Sensor Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.1 Europe: Temperature Sensor Market - Revenue and Forecast Analysis - by Country
  - 10.1.2.2 Germany: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.2.1 Germany: Temperature Sensor Market Breakdown, by Type
    - 10.1.2.2.2 Germany: Temperature Sensor Market Breakdown, by Connectivity
    - 10.1.2.2.3 Germany: Temperature Sensor Market Breakdown, by End Users
  - 10.1.2.3 United Kingdom: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.3.1 United Kingdom: Temperature Sensor Market Breakdown, by Type
    - 10.1.2.3.2 United Kingdom: Temperature Sensor Market Breakdown, by Connectivity
    - 10.1.2.3.3 United Kingdom: Temperature Sensor Market Breakdown, by End Users
  - 10.1.2.4 France: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.4.1 France: Temperature Sensor Market Breakdown, by Type
    - 10.1.2.4.2 France: Temperature Sensor Market Breakdown, by Connectivity
    - 10.1.2.4.3 France: Temperature Sensor Market Breakdown, by End Users
  - 10.1.2.5 Italy: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.5.1 Italy: Temperature Sensor Market Breakdown, by Type
    - 10.1.2.5.2 Italy: Temperature Sensor Market Breakdown, by Connectivity
    - 10.1.2.5.3 Italy: Temperature Sensor Market Breakdown, by End Users
  - 10.1.2.6 Russia: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.6.1 Russia: Temperature Sensor Market Breakdown, by Type
    - 10.1.2.6.2 Russia: Temperature Sensor Market Breakdown, by Connectivity
    - 10.1.2.6.3 Russia: Temperature Sensor Market Breakdown, by End Users
  - 10.1.2.7 Rest of Europe: Temperature Sensor Market - Revenue and Forecast to 2030 (US$ Million)
    - 10.1.2.7.1 Rest of Europe: Temperature Sensor Market Breakdown, by Type
    - 10.1.2.7.2 Rest of Europe: Temperature Sensor Market Breakdown, by Connectivity
    - 10.1.2.7.3 Rest of Europe: Temperature Sensor Market Breakdown, by End Users

11. Competitive Landscape

11.1 Heat Map Analysis by Key Players
11.2 Company Positioning & Concentration
11.3 Market Share Analysis
11.4 Competitive Benchmarking

12. Industry Landscape

12.1 Overview
12.2 Market Initiative
12.3 Product Development
12.4 Mergers & Acquisitions

13. Company Profiles

13.1 Texas Instruments Inc.
- 13.1.1 Key Facts
- 13.1.2 Business Description
- 13.1.3 Products and Services
- 13.1.4 Financial Overview
- 13.1.5 SWOT Analysis
- 13.1.6 Key Developments
13.2 Siemens LTD.
- 13.2.1 Key Facts
- 13.2.2 Business Description
- 13.2.3 Products and Services
- 13.2.4 Financial Overview
- 13.2.5 SWOT Analysis
- 13.2.6 Key Developments
13.3 TE Connectivity Ltd.
- 13.3.1 Key Facts
- 13.3.2 Business Description
- 13.3.3 Products and Services
- 13.3.4 Financial Overview
- 13.3.5 SWOT Analysis
- 13.3.6 Key Developments
13.4 Amphenol LTW Ltd.
- 13.4.1 Key Facts
- 13.4.2 Business Description
- 13.4.3 Products and Services
- 13.4.4 Financial Overview
- 13.4.5 SWOT Analysis
- 13.4.6 Key Developments
13.5 Analog Devices Inc.
- 13.5.1 Key Facts
- 13.5.2 Business Description
- 13.5.3 Products and Services
- 13.5.4 Financial Overview
- 13.5.5 SWOT Analysis
- 13.5.6 Key Developments
13.6 Emerson Electric Co.
- 13.6.1 Key Facts
- 13.6.2 Business Description
- 13.6.3 Products and Services
- 13.6.4 Financial Overview
- 13.6.5 SWOT Analysis
- 13.6.6 Key Developments
13.7 Microchip Technology Inc
- 13.7.1 Key Facts
- 13.7.2 Business Description
- 13.7.3 Products and Services
- 13.7.4 Financial Overview
- 13.7.5 SWOT Analysis
- 13.7.6 Key Developments
13.8 Panasonic Corporation
- 13.8.1 Key Facts
- 13.8.2 Business Description
- 13.8.3 Products and Services
- 13.8.4 Financial Overview
- 13.8.5 SWOT Analysis
- 13.8.6 Key Developments
13.9 Honeywell International, Inc.
- 13.9.1 Key Facts
- 13.9.2 Business Description
- 13.9.3 Products and Services
- 13.9.4 Financial Overview
- 13.9.5 SWOT Analysis
- 13.9.6 Key Developments
13.10 NXP Semiconductors N.V
- 13.10.1 Key Facts
- 13.10.2 Business Description
- 13.10.3 Products and Services
- 13.10.4 Financial Overview
- 13.10.5 SWOT Analysis
- 13.10.6 Key Developments

14. Appendix

14.1 Word Index
14.2 About the Insight Partners