Apart from being widely used in the automotive industry, temperature sensors are also extensively used in smartphones. As a result, the increasing usage of smartphones is an important factor fueling the demand for temperature sensors across the world. In addition to this, the rising integration of temperature sensors in portable and advanced healthcare devices is massively boosting their sales all over the globe.

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Moreover, the growing adoption of automation systems in residential buildings is also pushing up the requirement for temperature sensors across the globe. Thus, with the growing usage of temperature sensors in multiple sectors, the valuation of tT. Further, the market will demonstrate a CAGR of 4.4% between 2020 and 2030, as per the estimates of PS Intelligence, a market research firm based in India.

Thermocouples, thermistors, temperature IC, resistance temperature detectors (RTDs), optical sensors, wireless sensors, and infrared sensors are the major types of temperature sensors used throughout the world. Out of these temperature sensors, the usage of the RTDs was observed to be the highest during the past few years, mainly because of their high stability and their ability to provide extremely accurate temperature readings.

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However, despite these factors, the utilization of thermistors will rise sharply in the future years on account of the various advantages offered by these sensors over the other variants such as high sensitivity, low cost, quicker response rate, ease of use, and greater flexibility. Additionally, these sensors have small sizes, which make them very suitable for use in a variety of applications.