Wireless Temperature Sensor Market to Record CAGR of 6.6% Over 2024-2032; Increasing Adoption of Wireless Temperature Sensors in Industrial Automation to Bolster Market Growth

The wireless temperature sensor market size was valued at USD 2.68 billion in 2023 and is predicted to reach USD 2.82 billion in 2024. The market is anticipated to touch USD 4.69 billion by 2032, recording a CAGR of 6.6% over 2024-2032.

Fortune Business Insights™ presents this information in its latest report titled “Wireless Temperature Sensors Market Size, Share & Industry 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 Technology (Wi-Fi, Bluetooth, Zigbee, Radio Frequency Identification (RFID), and Others), By End-User (Healthcare, Consumer Electronics, Automotive, Aerospace & Defense, Food & Beverages, Energy & Power, Oil & Gas, Chemicals, and Others), and Regional Forecast, 2024 – 2032”.

A wireless temperature sensor is a device that analyzes and transmits temperature data of different environments. One of the major reasons behind the growing use of these sensors is that they do not need any type of wiring, which helps organizations reduce their costs significantly. Moreover, these sensors utilize advanced technologies, such as Bluetooth and Wi-Fi to read the temperature in harsh environments without the need for human intervention. This factor will also boost their popularity in different industries.

The COVID-19 pandemic had a positive impact on the wireless temperature sensor market growth as the demand for remote health monitoring solutions increased significantly during this period. Since people became more conscious about their health, the sales of medical wearable devices skyrocketed. Many of these devices consisted of temperature monitoring sensors, which fueled the market’s progress.

Generative AI to be Widely Used Due to High Accuracy in Reading Temperature and Predicting Equipment Failure

Generative AI is being increasingly used in wireless temperature sensors due to its ability to read temperatures accurately and predict abnormalities in the system with high precision. The predictive maintenance feature helps users prevent system failures through timely maintenance. Moreover, AI systems also help users monitor temperature levels remotely and offer them real-time temperature data, thereby ensuring personnel safety while carrying out operations in inaccessible or dangerous terrains.

TDK Corporation Collaborated With Texas Instruments to Develop Sensor Module Featuring Edge AI and Wireless Web Connectivity

TDK Corporation announced its collaboration with Texas Instruments to develop the i3 Micro Module, a sensor module that features wireless web connectivity and built-in edge AI. This partnership ensured the delivery of innovative technologies to factories and enhanced their efficiency through real-time communication and accurate sensing.

Increasing Adoption of Wireless Temperature Sensors in Industrial Automation to Bolster Market Growth

An increasing number of industries are embracing automation as this technology can help them enhance their precision, efficiency, and safety. This factor has also positively impacted the demand for wireless temperature sensors as they are easy to install and can help operators monitor temperature remotely, especially in harsh environments.

However, since these sensors transmit data wirelessly, there is a high risk of cyberattacks and data breaches, which can hamper their adoption across industries.

Key Market Players to Implement Various Business Growth Strategies to Remain Competitive

Some of the top companies operating in the global wireless temperature sensor market include Schneider Electric, Honeywell International Inc., Yokogawa Electric Corporation, Emerson Electric Co., and Microchip Technology Inc. These market participants are deploying a wide range of business growth strategies, such as partnerships, mergers, acquisitions, and collaborations to launch new products and gain a strong competitive edge.

Notable Industry Development:

• January 2024: Microchip Technology, Inc. announced the launch of the MCP998x group of 10 automotive-grade remote temperature sensors. These sensors were launched to benefit vehicle functions, including HID lamps, Advanced Driver-Assistance Systems (ADAS), automotive servers, video processing, infotainment systems, telematics, engine control, and body electronics, such as mirror control, lighting systems, power windows, and seat control.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/wireless-temperature-sensor-market-103520

List of Key Companies Profiled in the Report:

• Honeywell International Inc. (U.S.)


• Schneider Electric (France)


• Microchip Technology, Inc. (U.S.)


• Yokogawa Electric Corporation (Japan)


• OMEGA Engineering Inc. (U.S.)


• Emerson Electric Co. (U.S.)


• Swift Sensors (U.S.)


• Tempsens Instrument Pvt. Ltd. (India)


• Axzon Inc. (U.S.)


• Monnit Corporation (U.S.)


• ABB Ltd. (Switzerland)


• Siemens AG (Germany)


• TE Connectivity (Switzerland)


• Phase IV Engineering (U.S.)


• PASCO Scientific (U.S.)


• JemRF (U.S.)


• DCS Appliances (U.S.)

Further Report Findings:

• North America dominated the global wireless temperature sensor market share owing to the growing integration of IoT technologies in sensors and increasing use of sensors in a wide range of industries. These include automotive, chemical, and healthcare. The U.S. is leading the regional market’s growth due to the growing demand for real-time monitoring solutions in various industries across the country.


• The market in Asia Pacific is also predicted to showcase the second-highest growth, after Europe, during the forecast period due to factors, such as rapid industrialization, growing popularity of automation technologies in various industries, and robust expansion of consumer electronics industry.


• Based on channel output, the single-channel segment dominated the market in 2023 due to the rising demand for straightforward temperature monitoring solutions. Single-channel sensors are majorly used in healthcare, agriculture, and industrial automation.

Table of Segmentation