Temperature Sensors Market - effect of COVID-19

COVID-19 IMPACT ON TEMPERATURE SENSORS IN THE SEMICONDUCTOR AND ELECTRONICS INDUSTRY

COVID-19 IMPACT ON TEMPERATURE SENSORS IN THE SEMICONDUCTOR AND ELECTRONICS INDUSTRY Since November 2019, the spread of the Covid-19 pandemic has begun to threaten countries around the world with serious human life threats; to control this epidemic of the Covid-19 pandemic, governments have introduced numerous measures to ensure patient protection and to avoid the loss of lives. The introduction of lockdowns throughout the country except for emergency services and the daily need sector is one of the most common safeties adopted by all countries.

The implementation of lockdowns suggested closing down all industries and operations before the governments enforce unlock. Such lockout deployments have had a strong effect on each industry, with most companies experiencing losses; however, some of the company excelled in these COVID-19 pandemic circumstances. Throughout the first quarter of 2020, the electronics sector experienced a heavy hit when all assembly plants, department stores, and all related offices, storage , and transportation were shut down.

Despite the electronics industry getting hit by lockdowns and low manufacturing and sales; temperature sensors market has picked up the pace and is expected to gain a boost in the market growth rate as demand for temperature sensor increasing day by day owing to its applications in medical devices which are used for monitoring temperature. Apart from medical devices applications, temperature sensors are rapidly being adopted by the wearable manufacturers to provide customers with safety and health cautions.

Opportunities for wearable’s @ https://www.databridgemarketresearch.com/covid-19resources/covid-19-impact-on-temperature-sensors-in-the-semiconductors-and-electronicsindustry When the Covid-19 pandemic raged in early 2020, temperature sensors were initially affected by lockdowns; however, it was positively affected in the second quarter of 2020 as most manufacturers of temperature sensors supply sensors or manufacture medical devices used for temperature sensing; also wearable manufacturers such as watches and wristbands, many others. The manufacturing of these electronic devices and wearables has helped the sensor sector, as well as helping the medical industry and governments to control the spread of COVID-19 disease.

These devices sense body temperatures and indicate it on the screen which warns the consumers and suspects which helps in early detection and less spread of the virus.

For instance, In May 2020, GOQii launched smart band Vital 3.0with body temperature sensors which can be used for body temperature, heart rate, blood pressure and sleep apart from step count.

These body details are important for medical analysis according to Vishal Gondal the CEO of GOQiiMr has given the statement that "In the current COVID-19 situation, there is an urgent requirement for the development and enhancement of rapid wearable diagnostics to recognize and isolate COVID-19 cases and track and to control the spread of the virus. The Vital 3.0 provides temperature and sleep, data around pulse which can be used to observe whether the user is symptomatic of diseases such as COVID-19.”

Apart from body temperature sensors, various other sensors are launched in order to achieve contactless operations and limit the spread of these pandemic and also forthcoming virus diseases.

For instance, In March 2018, Ramco Systems in Singapore launched facial recognition based time & attendance system –RamcoGEEK. This device will ensure less usage of biometric attendance and limit infection contact possibilities.

During product launch CEO Virender Aggarwal said, “We have a major global health pandemic that has affected many. The spread of the disease has brought the focus back on the Hygiene and Health of Employees. We built this application to help better address a crisis through technology. Robust containment through a robust attendance and access system with zero contact and temperature measurement can be key to avoid the easy spread of the virus that may take place with Biometric access system”.

Impact on Demand and Supply Chain of Temperature Sensors: Such improvisation and developments mentioned above would definitely improve temperature demand and supply chain. In the first quarter of 2020, demand for electronic devices fell

drastically, as prospect customers have opted not to purchase desired goods as of now and concentrate more on needed goods rather than desired products. Markets have been reopening with reducing corona virus effects and new releases of healthcare products and wearable devices such as temperature sensor weapons, watches, wristbands, retina scanner sensors, infrarot temperature detectors; demand is picking up growing temperature sensor business in the second quarter of 2020.

With regulations of governments of all the countries to remain contactless and to remain socially distanced, it is necessary to implement technologies which can measure body temperatures without making any contacts between a medic and suspect. Supportively, various companies launched infrared temperature sensors and sensor guns to detect body temperatures without making any physical contact.

For instance, 

In February 2020, Xiaomi, a China based electronic device manufacturer launched infrared temperature sensor gun, namely Bencom Infrared thermometer which will detect body temperature in 1 second with accuracy of 0.2 degrees.

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Microlife Corporation, European electronic device manufacturer have launched its patented antimicrobial thermometer which is made of copper alloy for better conductivity.

Apart from temperature sensors guns, FLIR technology based devices are also experiencing growing demand for detection of body temperatures in this pandemic.

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For instance, in March 2020, according to FLIR Systems list of countries adopting FLIR technology for temperature detection are increasing in their portfolio. Jim Cannon, CEO (FLIR Systems), said, “We have seen a significant increase in those orders in the past month. Right now, we’re working really hard to ensure that we have the supply chain to meet all of that demand.”

Above launches and statements from leaders in the industry suggests that demand for temperature sensors is going to increase in long term scenario.

Despite the increasing need for temperature sensors, the supply chain has yet to be completely rebuilt to satisfy the demands. Many areas around the world are in isolation zones where exposure to the supply chain is severely restricted. Department of the supply chain was hit hardest in the first quarter of 2020 as transportation was almost completely suspended by the governments. Nevertheless, the supply chain with the removal of lockdowns is slowly speeding up the movement and demands which are required to be fulfilled at a faster pace.

Steps Taken by Manufacturers during covid-19 Situations: During these pandemic cases, most production sites stayed shutdown due to government regulations; however, permits to resume production have been received for the restricted working workers fabrication sites. Sighting products aren't that much in demand, so manufacturers have started to innovate products that can be used for medical and healthcare purposes since only this sector was looking for growth during the pandemic. Innovation has resulted in temperature sensor technologies such as wearables, sensor weapons, FLIR cameras, etc. that are being easily embraced by healthcare professionals and people with a safety conscience.

Conclusion: From the overview, the effect on production & supply chain and the measures taken by manufacturers, it is clear that the temperature sensor initially dropped in demand and supply due to macro-environmental factors; in contrast, in just a quarter of the year, the competition for temperature sensors in mid-2020 saw an improvement due to new products introduced by manufacturers on the market. Well after the COVID-19 pandemic stops, temperature sensor market development does not stop because the advantages of contactless therapies are greater and with advanced technical technologies, contactless temperature control remains the best way to deter the spread of these diseases.

According to Bhrugu Pange, MD at global consultants AArete, the demand for healthcare tracking devices will surge as people around are uncertain about the infection in their vicinity and are more cautious than before which will generate greater demand for these devices. He further stressed on the use of health tracking devices by saying, “start taking fitness-tracking devices and apps more seriously as a tool for preventive and proactive maintenance of patient health. This in turn will lead to more serious collaboration between device makers and healthcare institutions.”

There have been cases of home healthcare and electronic consultation; which is likely to continue even after Covid – 19 pandemics; which would expand the use of temperature controls in households; growing understanding of social distancing and contactless treatments; “Even after the Covid-19 pandemic subsides, I believe offline health-care will be shifted to online training and home health-care, fueled by changes in people’s value for family and house” From the above instances, it can inferred that market for the temperature sensors is looking bright in terms of demand as of now and is expected to grow at higher growth when supply chain operates at full fledge pace. In coming half decade temperature sensors industry looks optimistic and can be seen as an opportunity.

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