Chemical Sensors Market - Introduction
The global chemical sensors market is predicted to grow during the forecast period from 2017 to 2025. Chemical sensor is a device which transforms chemical information such as the presence of a specific element or composition, partial pressure and chemical activities into an analytically useful signal. Chemical sensors are available for wide range of end use applications which include environmental monitoring, homeland security, defense, automotive emissions testing, emissions monitoring, water and wastewater treatment, industrial safety equipment, chemical processing industry, industrial emission and safety, food and beverages processing industry among others.Additionally, chemical sensors have applications in the healthcare field, for instance, it is used in portable glucose monitors, blood sugar testing strips and different other medical devices among others. Increasing concern for environment monitoring, the application of chemical sensors is anticipated to experience robust growth globally. Moreover, increasing number of light and advanced vehicles production and growing industrialization in different regions is one of the prime reasons behind the growth of chemical sensors market globally.
|Base Year of Estimation||2016|
|Value Estimation Year||2017|
|Forecast Period||2017 - 2025|
|Market Segmentations||By Type, End Use Industry, Regions|
|Regional Scope||North America, Asia-Pacific, Middle East & Africa (MEA), Europe and Latin America|
|Report Coverage||Technology Analysis, Market Dynamics, Market Trends, Segmentation Overview and Competitive Landscape of the market|
Chemical sensors primarily detect, identify and provide information about the chemical compositions in any form gas or liquid. The basic information is provided in the form of a measurable physical signal. There are two steps in which a chemical sensor performs. At first, the chemical sensor recognizes chemical properties in an element or environment and then it works as a transducer. The chemical components of a substrate are identified by using analytical methods primarily depends on detection limit or resolutions. With the rising extensive research and development activities, the usage of chemical sensors for different industries is growing rapidly.
Chemical sensor has huge potential applications for environmental monitoring. The growing energy usage along with unwanted air pollutions is fueling the demand for advanced environmental monitoring technologies which in turn is stimulating the application of chemical sensors globally. Additionally, increasing usage of chemical weapons is one the prime factor behind the rising application of chemical sensors in the defense sector. Homeland security is one of the major factors behind the growth of chemical sensors globally.
Growing industrialization is one of the prime drivers behind the growth of chemical sensors market in regions. With the soaring consumption of different sort of chemicals in industries are fueling the application of chemical sensors in different industry verticals. Increasing number of unwanted hazardous situations and exploration in factories are also contributing to the growing application of chemical sensors globally. Different industries are adopting chemical sensors as a preventive measure to identify, monitor and regulate hazardous chemicals in the environment. Automotive is another major application area of the chemical sensor. Increasing technological advancement in the automotive sector is boosting the application of chemical sensors.
Chemical sensors have potentials application scope in the automotive industry globally. The rising government initiatives to control emission levels and cut down carbon footprint.is one of the major driving factors for the chemical sensors market. Additionally, chemical sensors also have applications in food and beverage, smart packaging, textile, and agriculture industry among others. Moreover, research laboratory equipment is another prime application area of chemical sensors. Technical issues related to detection range, sample size and small range signal processing may inhibit the growth of the market in different regions. Innovation of wireless chemical sensors which is able to detect and identify chemicals without being in contact with it is one of the prime opportunities in the chemical sensors market. Moreover, application of chemical sensors in smartphones and gadgets are another prime opportunity for the chemical sensors market which may positively impact the growth of this market.
North America held the highest market share in the chemical sensors market, followed by Asia-Pacific and Europe in terms of revenue. Increasing number of advanced vehicle production along with growing research activities are some of the prime contributing factors behind the growth of chemical sensors market. The U.S is leading the market across North America. Rising concern towards environmental monitoring is another major driver for the market. China, Japan, South Korea among others is contributing positive development in the market for chemical sensors across Asia Pacific. Germany, the U.K., France, Italy are some of the major contributors of the chemical sensors market across Europe. Brazil and Argentina both are anticipated to see positive development over the forecast period owing to rising development in the industrial sector across Latin America. Increasing advancement in the field of healthcare and automotive sector is fueling the growth of chemical sensors market across Africa and the Middle East.
The chemical sensor market by type is segmented into optical sensor, electrochemical sensor, and catalytic bead among others. By end-use industry, the market is segmented into automotive, defense and military, environmental monitoring, aerospace, homeland security, oil & gas, healthcare, industrial among others. In terms of revenue and volume electrochemical is leading the market for chemical sensors, followed by catalytic bead sensors. Additionally, oil and gas and automotive sector are leading the market for chemical sensors globally.
By geography, the market has been segmented into North America, Asia-Pacific, Middle East & Africa (MEA), Europe and Latin America. In terms of revenue, North America accounted for the largest market share of the chemical sensors market, followed by Europe.
|By Type||Optical sensor, electrochemical sensor, and catalytic bead among others|
|By End Use Industry||Automotive, defense and military, environmental monitoring, aerospace, homeland security, oil & gas, healthcare, industrial among others|
|By Regions||North America, Asia-Pacific, Middle East & Africa (MEA), Europe and Latin America|
Major companies operating in the chemical sensor market are Yokogawa Electric Corporation (Japan), Siemens AG (Germany), F. Hoffmann-La Roche Ltd (Switzerland), Honeywell International, Inc. (The U.S.), Denso Corporation (Japan), Emerson Electric, Co. (The U.S.), Halma plc. (The U.K.), The Bosch Group (Germany), ABB Group (Switzerland), Alpha MOS (France). and Delphi Automotive PLC (The U.K.) among others.
Considering the rising concern towards environmental pollution and growing focus on homeland security is driving the growth for chemical sensors across different regions globally.
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|KEY QUESTIONS ANSWERED BY THE REPORT|
|What will be the nature of growth of the market till 2025?|
|What are the major push factors that will affect the growth of the market?|
|What are the growth possibilities in different segments of the market?|
|Who are the leading market players?|
|What are the key strategies implemented by the market leaders to sustain growth in the market?|
|What are the major restraining factors for the market?|
|What are the ways to generate new revenue streams?|
|In-depth analysis of the competitive landscape and competitor behavior in the market|
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