Global Chemical Sensors Market by Application, Industry Share, End User, Opportu

Posted by rohit on February 24th, 2020

Market Overview

The global chemical sensor market was valued at US$ 18,361.2 Mn in 2018 and is expected to reach US$ 32,277.8 Mn in 2027, exhibiting a CAGR of 6.6% over the forecast period (2019 to 2027). 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.

This report provides in-depth analysis of the chemical sensor market size (US$ Mn), and compound annual growth rate (CAGR %) over the forecast period (2019– 2027), considering 2018 as the base year

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Market Dynamics

A chemical sensor is an independent analytical device which provides information about the chemical composition of its testing environment which can be in liquid, solid or gaseous phase. It provides information in the form of a physical signal which can be measured that is correlated with the concentration of certain chemical species called analyte. Recognition and transduction are two main steps that are involved in the functioning of a chemical sensor. Chemical sensors have applications in industries such as medical, oil and gas, automotive, and others. Chemical sensors play an important role in environmental monitoring. Growing energy usage and release of pollutants in the environment has driven demand for advanced monitoring technologies for environmental protection and restoration. Chemical sensors have application in industries such as food, pharmaceutical, and chemical processing among others. The chemical sensors market is expected to witness significant growth over the forecast period, owing to increasing focus on homeland security.

Detailed Segmentation:

  • Global Chemical Sensors Market, By Product Type:

    • Optical Sensor


      Catalytic Bead


  • Global Chemical Sensors Market, By End Use:

    • Oil & Gas



      Environmental Monitoring



  • Global Chemical Sensor Market, By Region:

    • North America

      • By Product Type:

        • Optical Sensor


          Catalytic Bead


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Major players operating in the global chemical sensor market include ABB Group, Delphi Automotive., The Bosch Group, Siemens AG, Denso Corporation, Honeywell International, Inc., Emerson Electric, Co., Yokogawa Electric Corporation, Halma plc., Hoffmann-La Roche Ltd., Thermo Fisher Scientific, Bayer, NGK Spark Plugs, Johnson & Johnson Services, Alphasense, 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, United Technologies, and others.

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Joined: February 6th, 2020
Articles Posted: 341

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