Global Wireless Temperature Sensors Market Size to worth USD 4.52 Billion by 2033: Market Insight Report

Global Wireless Temperature Sensors Market Size to worth USD 4.52 Billion by 2033

According to a research report published by Spherical Insights & Consulting, the Global Wireless Temperature Sensors Market Size is Expected to Grow from USD 2.45 Billion in 2023 to USD 4.52 Billion by 2033, at a CAGR of 6.32% during the forecast period 2023-2033.  

Browse key industry insights spread across 210 pages with 110 Market data tables and figures & charts from the report on the Global Wireless Temperature Sensors Market Size, Share, and COVID-19 Impact Analysis, By Type (Thermocouple, Thermistor, Resistance Temperature Detector (RTD), Semiconductor Temperature Sensor, Infrared Temperature Sensor, and Others), By Channel Output (Single-Channel and Multi-Channel), By End-User (Healthcare, Consumer Electronics, Automotive, Aerospace & Defense, Food & Beverages, Energy & Power, Oil & Gas, and Others), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.           

Wireless temperature sensors market refers to the use of technology for receiving data from 50 transmitters up to a distance of 100 meters in line of sight or 40 meters in indoors. The sensor is a battery-operated, accurate temperature transceiver based on wireless technology. They have widespread applications across healthcare, cold chain logistics, smart homes, industrial automation, and other sectors. Further, Honeywell International Inc., Schneider Electric, and Microchip Technology Inc. are the companies that are focusing on the innovation and development of advanced sensor technologies with the incorporation of features like Wi-Fi, Bluetooth, and RFID in the devices. The incorporation of sensor technologies across buildings, transportation systems, and utilities for enhancing efficiency, sustainability, and safety is offering lucrative market growth opportunities. The growing adoption of wireless technologies and incorporation of IoT & automation along with the frequent upgradation and replacement of sensors are driving the wireless temperature sensors market. On the contrary, the increased security demand and infrastructure upgradation costs of the devices are challenging the market growth.

The thermocouple segment dominated the market with the largest share of wireless temperature sensors in 2023.

Based on the type, the global wireless temperature sensors market is divided into thermocouples, thermistor, resistance temperature detectors (RTD), semiconductor temperature sensor, infrared temperature sensor, and others. Among these, the thermocouple segment dominated the market with the largest share of the wireless temperature sensors in 2023. The capability of thermocouple temperature sensors to measure ranges of temperature is responsible for driving the market demand in the thermocouple segment.

The single-channel segment held the largest revenue share of the global wireless temperature sensors market in 2023.

Based on the channel output, the global wireless temperature sensors market is divided into single-channel and multi-channel. Among these, the single-channel segment held the largest revenue share of the global wireless temperature sensors market in 2023. The need for single-channel wireless temperature sensors for straightforward temperature monitoring in applications such as agriculture, industrial automation, and healthcare is driving the market demand.

The oil & gas segment accounted for the largest share of the wireless temperature sensors market in 2023.

Based on the end-user, the global wireless temperature sensors market is divided into healthcare, consumer electronics, automotive, aerospace & defense, food & beverages, energy & power, oil & gas, and others. Among these, the oil & gas segment accounted for the largest share of the wireless temperature sensors market in 2023. The increasing focus on safety systems and regulatory compliances as well as the need for effective leak detection and environmental monitoring in oil & gas operations are driving the market growth in the oil & gas segment.

North America is projected to hold the largest share of the global wireless temperature sensors market over the forecast period.

North America is projected to hold the largest share of the global wireless temperature sensors market over the forecast period. The growing incorporation of IoT technologies and advancements in sensor capabilities along with its increasing application in various industries are driving the market growth. Further, the rising adoption of wireless technology and the emergence of smart factory concepts are responsible for propelling the market.

Europe is predicted to grow at the fastest CAGR in the wireless temperature sensors market over the forecast period. With technological advancement, the significant role of these sensors in improving energy efficiency and operational effectiveness across various sectors is driving market growth. The trend of industrial automation and acceptance of wireless technologies particularly in harsh environments are promoting the market.

Competitive Analysis

Major key players in the wireless temperature sensors market include Honeywell International Inc., Schneider Electric, Microchip Technology, Inc., Yokogawa Electric Corporation, OMEGA Engineering Inc., Emerson Electric Co., Swift Sensors, Tempsens Instrument Pvt. Ltd., Axzon Inc., Siemens AG, and Others.

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting And Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Recent Developments

• In January 2024, Microchip Technology launched the MCP998x family of 10 automotive-qualified remote temperature sensors. The MCP998x family is one of the largest portfolios of automotive-grade multi-channel temperature sensors in the industry and is designed for 1°C accuracy at a wide operational temperature range.  

• In August 2023, Swift Sensors, a leading provider of wireless sensor technology, launched an enhanced set of reports for creating temperature logs that meet regulatory requirements for restaurants, schools, and medical labs.

• In March 2023, Honeywell introduced its Versatilis Transmitters for condition-based monitoring of rotating equipment such as pumps, motors, compressors, fans, blowers, and gearboxes. Honeywell Versatilis Transmitters provide relevant measurements of rotating equipment, delivering intelligence that can improve safety, availability, and reliability across industries.

• In March 2022, Honeywell unveiled a new accelerometer that delivers high performance and reliability in a small, rugged, and low-cost package. The MV60 micro-electro-mechanical system (MEMS) accelerometer is designed for aerospace and defense but also has potential uses for industrial and marine applications that require high-precision, navigation-grade accelerometers that are small, lightweight and require little power to operate.

Market Segment

This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the global wireless temperature sensors market based on the below-mentioned segments:

Global Wireless Temperature Sensors Market, By Type

• Thermocouple
• Thermistor
• Resistance Temperature Detector (RTD)
• Semiconductor Temperature Sensor
• Infrared Temperature Sensor
• Others

Global Wireless Temperature Sensors Market, By Channel Output

• Single-Channel
• Multi-Channel

Global Wireless Temperature Sensors Market, By End-User

• Healthcare
• Consumer Electronics
• Automotive
• Aerospace & Defense
• Food & Beverages
• Energy & Power
• Oil & Gas
• Others

Global Wireless Temperature Sensors Market, Regional Analysis

• North America
  • US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa