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. Temperature sensors are an integral part of these modules, and are used in
monitoring refrigerant temperatures as well as in climate control units. Furthermore, technological
advancement and reduced prices have resulted in introduction of new applications in the HVAC space.
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. Noncontact 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 costeffective 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.
Maturity of key...