Growing implementation of gas detectors in industries to monitor the concentration of the toxic gases is driving gas sensor market forecast. Gas sensor or detector detects noxious or explosive gases, providing an efficient way to monitor the concentration in order to guarantee the safety of production. The integration of connected devices, wireless technology and IoT with sensors to for real-time data gathering will support sensor industry developments.
In a bid to cater to the high product demand, companies are focusing on new product development and launches. For instance, Sensirion AG launched a miniaturized gas sensor for detecting CO2 for industrial environment in 2019. The new sensor finds applications in automotive, IoT, consumer goods and appliances.
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Carbon monoxide gas sensor to gain traction in medical and healthcare sector -
The Carbon monoxide (CO) sensor is likely to display a growth rate of 7% CAGR during 2020 and 2026. The carbon monoxide (CO) sensor is registering extensive demand in the medical and healthcare industries owing to its application in the Point-of-care (POC) devices. These devices are used in monitoring patient’s health through clinical analysis and assessment of infectious diseases
PID and Infrared sensors to gain traction in the market -
The Photoionization Detector (PID) sensor segment is likely to record a growth rate of 8% over 2020 to 2026. The PID sensors are integrated with portable devices which are used for detecting volatile organic compounds and gaseous concentrations. These sensors find utilization in monitoring environmental contamination, measurement of explosive limits, ammonia detection, handling of hazards in industries, etc., which will suitably push gas sensor market from PID sensor segment. For the record, PID sensor segment acquired an overall business share of 20 percent in 2019.
Infrared gas sensor finds utilization in the in the food and beverage industry with regards to monitoring of production quality and detection of toxic gases in the production facilities.
Consumer electronics to emerge as a remunerative segment for gas sensor market -
The consumer electronics segment is estimated to depict a growth rate of 4% through 2026, owing to the advancement in technology pertaining to IoT and smart devices. This has increased the demand for wireless gas sensors due to simple design and ability to analyze data in real time. The manufacturers are focusing on incorporating gas sensors in smartphones.
Quoting an instance, in 2018, Caterpillar Inc. launched the S61 smartphone with Volatile Organic Compound (VOC) sensor used for detecting toxins in the air.
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In 2019, Europe gas sensor market accounted for more than USD 400 million in terms of revenue and is set to grow at 4% through 2026 due to growing digitalization in the Germany manufacturing industry. Increasing governments efforts for energy-efficiency and emission control standards has fueled the adoption of these sensors in the European automotive industry.
Key providers in gas sensor market include Siemens AG, Bosch Sensortec, Amphenol Corporation, Aeroqual Ltd., Sensirion AG, Yokogawa Electric Corporation, Figaro Engineering, Inc., Honeywell International, Inc., Dynament and Teledyne Technologies Inc.
Major Key Points from Table of Content:
Chapter 7. Gas Sensor Market, By Connectivity (Revenue, Shipments)
7.1. Key trends, by connectivity
7.2.1. Market estimates and forecast, 2016 – 2026
7.3.1. Market estimates and forecast, 2016 – 2026
Chapter 8. Gas Sensor Market, By Application (Revenue, Shipments)
8.1. Key trends, by application
8.2. Consumer electronics
8.2.1. Market estimates and forecast, 2016 - 2026
8.3.1. Market estimates and forecast, 2016 – 2026
8.4.1. Market estimates and forecast, 2016 - 2026
8.5.1. Market estimates and forecast, 2016 - 2026
8.6.1. Market estimates and forecast, 2016 - 2026
8.7.1. Market estimates and forecast, 2016 – 2026
8.8.1. Market estimates and forecast, 2016 - 2026
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