Introduction: Guided waves being highly sensitive to temperature variations, temperature compensation algorithms, such as Optimal Baseline Selection, Baseline Signal Stretch and Scale Transform demonstrate effective performance under limited conditions. Dynamic Time Warping (DTW) has shown excellent compensation performance, however it comes with a substantial computational burden of O(N*N), where N represents the number of samples in each signal. Methodology: DTW works by construction of cost matrix that maps every point in one time series to all the points in the other time series, that results in complexity O(N*N).This problem can be solved by narrowing the search window using global constraints. The two most common constraints in the literature are the Sakoe-Chiba band and the Itakura Parallelogram. This paper uses Sakoe-Chiba band as a global constraint, the Sakoe-Chiba band is defined through a window size parameter which determines the largest temporal shift allowed from the diagonal. Temperature compensation performance of DTW Sakoe-Chiba is tested using the available OGW dataset #2 provided by Jochen Moll et al. The OGW dataset has been generated using 12 number of piezoelectric transducers bounded to CFRP (Carbon Fiber Reinforced Plastic) plate and varying the temperature from 20-60 degree with an increment of 0.5 degree. The signal is recorded for 1300 microseconds, that results in 13000 samples/time stamps(N). Initial results show that the Sakoe-Chiba constraint based DTW performs well and at a significantly lower cost, as indicated below. Result: The largest temporal shift (r) is estimated using Local Peak Coherence (LPC),for signal at 20 and 60 degree r is 135 samples. This results in complexity O(N*2r) which is very less than conventional DTW compensation technique O(N*N). In the final paper, the analysis will be replicated across a range of temperatures, and the performance of damage detection will be thoroughly discussed.