Chemical sensors are devices which transform information concerning presence of chemical elements into an analytically useful signal. Chemical sensors are classified into two major components such as physicochemical transducer and chemical recognition systems. Chemical sensors which primarily operate in real-time are physically small and controlled by kinetics and thermodynamics of a chemical reaction. The growing concerns about homeland security and environmental monitoring, coupled with rapid industrialization in emerging economies, are some of the factors which are expected to drive growth of the chemical sensor market. Moreover, advancements in the medical field have resulted in increasing application of chemical sensors in different medical devices such as wearable and implanted devices for the patients, which is also expected to be a major factor aiding growth of the global chemical sensors market over the forecast period. Increasing government initiatives regarding environmental safety are also expected to drive growth of the global market over the forecast period. Technological advancements are driving demand for chemical sensors in industries such as pharmaceutical, food and beverages, and chemical processing among others.
Recent Developments:
Chemical sensors are used in industries for process monitoring and control in order to ensure environmental safety, and restoration. Chemical sensors track hazardous chemicals and toxic gases, in addition to identifying and analyzing natural and man-made incidents such as waterways infestation and air pollution. Moreover, military and other security forces make use of chemical sensors to track chemical agents during chemical warfare. Furthermore, carbon monoxide (CO) detection systems, smoke alarms, and pH meters are some of the major application areas of chemical sensors. High occurrence of chronic diseases and increasing application of chemical sensors in healthcare applications is propelling the market
Restraint:
The fluctuating price of chemical sensors despite extensive sales and steady demand is expected to hamper the growth of the global market over the forecast period.
Global Chemical Sensor Market- Impact of Coronavirus (Covid-19) Pandemic:
The COVID-19 pandemic has affected the global chemical sensor market significantly. Lockdown was imposed across the globe as a precautionary measure by governments. This led to temporary suspension of all businesses in the automotive sector. Supply chain operations were disrupted causing a shortage of raw materials and components required for automotive manufacturing. This hampered the demand and manufacturing of chemical sensors which have wide applications in the automotive sector and hence the global chemical sensor market witnessed slow growth during the pandemic.
North America held a dominant position in the global chemical sensor market in 2021
Statistics:
North America held a dominant position in the global chemical sensor market in 2021, accounting for 32.0% share in terms of market share, followed by Europe and Asia pacific.
Chemical Sensor market Report Coverage
Report Coverage | Details | ||
---|---|---|---|
Base Year: | 2021 | Market Size in 2021: | US$ 21,868.17 Mn |
Historical Data for: | 2017 to 2020 | Forecast Period: | 2022 to 2030 |
Forecast Period 2022 to 2030 CAGR: | 8.5 % | 2030 Value Projection: | US$ 44,765.29 Mn |
Geographies covered : |
|
||
Segments covered: |
|
||
Companies covered: |
ABB Group, Delphi Automotive PLC., The Bosch Group, Emerson Electric, Co., Denso Corporation, Halma plc, Siemens AG, Honeywell International, Inc., Yokogawa Electric Corporation, Hoffmann-La Roche Ltd, Thermo Fisher Scientific, Inc. Bayer, NGK Spark Plugs, Johnson & Johnson Services, Abbott Laboratories, AMETEK, Inc., Alpha MOS, E2V Technologies, Figaro Engineering, Freescale Semiconductor, Heraeus Holding, General Electric, Industrial Scientific, International Sensor Technology, Smiths Detection, Teledyne Monitor Labs, Xylem, and United Technologies |
||
Growth Drivers: |
|
||
Restraints & Challenges: |
|
Figure 1: Global Chemical Sensor Market Share (%), By Region, 2021
To learn more about this report, request a free sample copy
North America and Europe were two leading markets in terms of revenue in 2018, and are expected to hold their dominant position over the forecast period. The market growth in these regions is attributed to the growing automotive industry coupled with rising pollution. For instance, chemical sensors are majorly used in gasoline direct injection and turbocharged engine in the automotive industry, which is expected to drive demand for chemical sensors over the forecast period. Moreover, increasing demand for nitrogen oxide and ammonia sensors in the chemical industry is expected to facilitate growth of the chemical sensor market in North America and Europe.
The Asia Pacific region is expected to gain traction during the forecast period. The countries in the Asia Pacific regions are constantly investing in the oil and gas sector. New plants are initiated to meet the energy requirement of countries such as India, Bangladesh, Taiwan, and others. The construction of new plants will increase the demand for chemical sensors in the oil and gas sector are they are used to detect leakages, confined space monitoring, and others. Hence, the global chemical sensor market is expected to gain traction in the Asia Pacific region in the forecast period.
Optical chemical sensor segment is expected to drive the global chemical sensor market growth during the forecast period.
Optical chemical sensors are widely used in environmental monitoring restoration, protection, and remediation. Optical chemical sensors are stable, cumulative and have high sensitivity and are immune to biofouling and electrical interference. Due to all these advantages, optical chemical sensors are developed to monitor plant growth systems and enclosed life support systems. Hence, the demand for optical chemical sensors is expected to drive the growth of global chemical sensor market.
Figure 2: Global Chemical Sensor Market (US$ Mn) Analysis and Forecast, 2017 - 2030
To learn more about this report, request a free sample copy
The global chemical sensor market was valued at US$ 21,868.17 Mn in 2021 and is expected to reach US$ 44,765.29 Mn by 2030, growing at a CAGR of 8.5% between 2022 and 2030.
Major players operating in the global chemical sensor market include ABB Group, Delphi Automotive PLC., The Bosch Group, Emerson Electric, Co., Denso Corporation, Halma plc, Siemens AG, Honeywell International, Inc., Yokogawa Electric Corporation, Hoffmann-La Roche Ltd, Thermo Fisher Scientific, Bayer, NGK Spark Plugs, Johnson & Johnson Services, Abbott Laboratories, AMETEK, Alpha MOS, E2V Technologies, Figaro Engineering, Freescale Semiconductor, Heraeus Holding, General Electric, Industrial Scientific, International Sensor Technology, Smiths Detection, Teledyne Monitor Labs, Xylem, and United Technologies
Frequently Asked Questions
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients