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Chemical Sensors Market Size, Share, Industry, Forecast and outlook (2024-2031)

Published: June 2024 || SKU: ICT3202
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Global Chemical Sensors Market is segmented By Type (Semiconductor Gas Sensor, Electrochemical Gas Sensor, Contact Combustion Gas Sensor, Optical Gas Sensor, Polymer Gas Sensor, Others), By Measuring Value (Magnetic & Electric Fields, Resistance, Capacitance, Inductance, Frequency, Optical, Others), By Application (Medicine, Home Safety, Environmental Pollution, Others), By End User (Oil and Gas, Defense, Healthcare, Automotive, Others), and By Region (North America, Europe, South America, Asia Pacific, Middle East, and Africa) – Share, Size, Outlook, and Opportunity Analysis, 2023-2030

 

Chemical Sensors Market Overview

The Global Chemical Sensors Market is expected to grow at high CAGR during the forecasting period (2023-2030).

A chemical sensor is a device that converts chemical information, including the presence of a particular element or ion, composition, concentration, chemical activity, partial pressure, into an analytically electrical signal. In addition, this chemical information may originate from the analyte's chemical reaction or a physical property of the system investigated. Moreover, it offers various significant features such as selectivity, sensitivity, detection limit, response time, and packaging size.

Chemical Sensors Market Scope 

Metrics

Details

Market CAGR

High

Segments Covered

By Type, By Measuring Value, By Application, By End User and By Region

Report Insights Covered

Competitive Landscape Analysis, Company Profile Analysis, Market Size, Share, Growth, Demand, Recent Developments, Mergers and acquisitions, New Product Launches, Growth Strategies, Revenue Analysis, and Other key insights.

Fastest Growing Region

Asia Pacific

Largest Market Share 

North America

 

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Chemical Sensors Market Dynamics

The healthcare sector is a significant market for chemical sensors due to the growing demand for compact, portable, and accurate diagnostic sensing systems. In addition, nanotechnology has dramatically changed the functional characteristics of chemical sensors and is expected to drive the market. Moreover, the next generation of clinical diagnostic, measuring and monitoring sensors for implantable and wearable devices is expected for the exponential growth of opportunities. In addition, lower raw material costs and the upcoming technology of nano & microfabrication techniques within the industrial manufacturing process have led to increased chemical sensors for healthcare applications.

Furthermore, the growing demand for chemical sensors for the oil & gas and automotive industries is expected to boost the chemical sensors market during the forecast period. Moreover, significant advancements in the automotive and different mechanical areas are the key factors for expanding chemical sensors. In addition, government agencies' active participation in controlling the emanation and chopping down the public carbon impression is also expected to impact chemical sensor interest. Recognizing risky gases and chemicals to turn away dangers to human wellbeing and decay of the climate is essential to target chemical sensors in the oil and gas area. The different kinds of chemical sensors accessible worldwide are the reactant dot, electrochemical, and optical sensors. The interest in chemical and gas sensors in the car business is driven by the utilization of oxygen sensors for stoichiometric control of motor activity. According to industry analysis, the global automotive market is expected to reach USD 3,800 billion by 2030, from the recorded value of USD 2,755 billion with a CAGR of 3%.

However, the chemical sensor has some limitations such as noise, drift, low sensitivity, system stability, reuse possible, sampling problems, measurement system, complexity and cost, and user prejudice against technology that hinder the market growth during the forecast period.

Chemical Sensors Market Segmentation Analysis

By type, the market is segmented into semiconductor gas sensors, electrochemical gas sensors, contact combustion gas sensors, optical gas sensors, polymer gas sensors, and others. By measuring values, the market is segmented into magnetic & electric fields, resistance, capacitance, inductance, frequency, optical, and others. By application, the market is segmented into medicine, home safety, environmental pollution, and others. By end-user, the market is segmented into oil & gas, defence, healthcare, automotive, and others.

The electrochemical gas sensor can be classified into the galvanic cell, controlled potential electrolysis, coulometric, and ion-selective electrode. Moreover, the galvanic cell gas sensor evaluates the target gas composition by measuring the current shift. The controlled potential electrolysis gas sensor senses the gas by measuring the electrolytic current, and a specific voltage should be imposed externally. In addition, the oxygen in the blood can also be identified in addition to CO, NO2, NO, and SO2. The coulometric gas sensor identifies the target species by measuring the current generated by the gas and the electrolyte interaction. The ion-selective electrode gas sensor has appeared earlier, and it detects the gas by measuring the ion current with excellent selectivity and high sensitivity.

Furthermore, optical gas sensors include fluorescence sensors, infrared absorption sensors, spectrum absorptive sensors, and fibre sensors, in which the infrared absorption sensor is most widely used for sensing gas by measuring and analyzing the infrared absorption peak from different gas adsorption. Such a sensor holds many outstanding advantages of excellent antivibration and anti-pollution ability, autocorrection, and the possibility of continuous and longer dynamic monitoring.

Global Chemical Sensors Market Geographical Share

North America dominates the market for chemical sensors due to the growing demand for the automotive industry. The increasing pollution is the key factor for the growth of the automotive industry. Moreover, increasing demand for nitrogen oxide and ammonia sensors in the chemical industry is expected to facilitate the chemical sensor market growth in this region. The U.S dominates the market in this region due to the increasing demand for the automobile industry. In addition, air pollutants continue to play an essential role in several air quality issues as in 2019, about 71 million tons of pollution were released into the atmosphere in the U.S. These emissions mostly contribute to the development of ozone and particles, the deposition.

The Asia Pacific is expected to witness the fastest growing chemical sensor market due to the increasing demand of the medical and automotive industry. Moreover, increasing awareness regarding health issues coupled with a rising population and the number of vehicles in developing countries such as China and India are anticipated to boost the chemical sensor market growth during the forecast period. In addition, low prices, flexible applications, and speedy technological implementations are expected to drive the demand for chemical sensors in this region. According to industry analysis, China dominated the automotive market in the region in 2019, generating around 20.4 million sales and increasing sales due to development in technology.  Another region is expected to contribute significant growth to the market during the forecast period.

Chemical Sensors Market Companies and Competitive Landscape

The chemical sensors market is fragmented with the presence of regional and global players. The competitive contour lies with the increase in the regional company and growing investment in upstream application. Infineon, MSA Safety Incorporated, Honeywell International Inc., Siemens AG, Denso Corporation, ABB Group, Delphi Automotive PLC., Bosch Group, Emerson Electric, Co., F. Hoffmann-La Roche Ltd. are the major player in the sensors market. The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, contributing to growing the chemical sensors market globally.

Infineon

Infineon’s XENSIV™ PAS CO2 sensor support photoacoustic spectroscopy (PAS) technology to give a tiny, real CO2 sensor, overcoming the difficulties of existing CO2 sensor solutions. Its unprecedentedly small form factor in surface mounted device package allows for smooth high-volume assembly and easy system integration. Moreover, along with size and cost advantages, the sensor delivers superior accuracy, providing a direct readout of the whole CO2 level, not merely a correlation. Moreover, Infineon's is in the leading position in MEMS technology due to its unique and accurate CO2 detection approach. Continuous CO2 measurement enables smart monitoring of indoor air quality, providing users to control their environmental requirements and experience improvements in health, productivity and overall wellbeing. 

Why purchase the report?

  • Visualize the composition of the Chemical Sensors Market products across each indication, regarding type and application highlighting the critical commercial assets and players.
  • Identify business opportunities in Peritoneal Dialysis Market by analyzing trends and co-development deals.
  • Excel data sheet with thousands of data points of the Chemical Sensors Market levels 4/5 segmentation.
  • PDF report with the most relevant analysis cogently put together after exhaustive qualitative interviews and in-depth market study.
  • Product mapping in excel for the essential Chemical Sensors Market of all major market players.

The Global Chemical Sensors Market report would provide access to an approx. 53 market data table, 42 figures and 254 pages.

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FAQ’s

  • The segments are By Type, By Measuring Value, By Application, By End User and By Region

  • Major players are Infineon, MSA Safety Incorporated, Honeywell International Inc., Siemens AG, Denso Corporation, ABB Group, Delphi Automotive PLC., Bosch Group, Emerson Electric, Co., F. Hoffmann-La Roche Ltd.

  • Asia Pacific is the fastest-growing region in the Chemical Sensors Market.

  • North America is the Largest Market Share in Chemical Sensors Market.
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