Gas Sensor Market: Outlook, Opportunity and Demand Analysis, Forecast 2021- 2026
The research report on gas sensor market, in substance, presents an exclusive understanding of the vast expanse of the business space in question. The report comprises a gist of the industry by means of providing an executive summary, industry insights, industry ecosystem analysis, market segmentation, and global trends. Furthermore, the study also provides deliverables pertaining to the regulatory and competitive landscapes and the strategic perspectives of various industry contenders with respect to the market.
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.
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Burgeoning technological advancements along with the evolution of smart devices and IoT are stimulating the demand for gas sensors in consumer electronics. Estimates suggest that the segment might record a growth of 4% during the predicted timeframe. As a result, wireless gas sensors with simpler designs are gaining heavy traction to conduct real-time data analysis.
Portable electronics meanwhile are using these sensors to enhance their functionality. While companies are working on developing technologically advanced gas sensors to improve their product portfolio. Citing an instance, in March 2018, Caterpillar Inc. launched its S61 smartphone equipped with Volatile Organic Compounds (VOC) sensor, enabling the device to detect toxic chemicals in the air.
Increasing digitalization across the manufacturing sector of Germany could massively boost Europe gas sensor market size. Studies estimate that the regional market may register almost 4% CAGR by 2026. Earlier in 2019, the market of Europe recorded a valuation of more than USD 400 million.
Supportive federal initiatives geared around sustainability and energy-efficiency coupled with increasing imposition of strict emission control standards could accelerate the adoption of gas sensors in vehicles across Europe.
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Prominent gas sensor market players like Siemens AG, Bosch Sensortec, Sensirion AG, Amphenol Corporation, Yokogawa Electric Corporation, Aeroqual Ltd., and Honeywell International are constantly focusing on forming strategic alliances and new product launches to expand their consumer base and geographical presence.
Major Key Points from Table of Content:
Chapter 7. Gas Sensor Market, By Connectivity (Revenue, Shipments)
7.1. Key trends, by connectivity
7.2. Wired
7.2.1. Market estimates and forecast, 2016 – 2026
7.3. Wireless
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. Medical
8.3.1. Market estimates and forecast, 2016 – 2026
8.4. Environmental
8.4.1. Market estimates and forecast, 2016 - 2026
8.5. Petrochemical
8.5.1. Market estimates and forecast, 2016 - 2026
8.6. Automotive
8.6.1. Market estimates and forecast, 2016 - 2026
8.7. Industrial
8.7.1. Market estimates and forecast, 2016 – 2026
8.8. Others
8.8.1. Market estimates and forecast, 2016 - 2026
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