According to GMI, Inc., report, the gas sensor market is estimated to surpass USD 2 billion by 2026. With a massive rise in the number of industrial activities, the need for restraining the environmental pollution also comes into picture. As a result of this, the gas sensor industry has witnessed a notable demand owing to the product’s vital applications in curbing the air pollution. The gas sensor is commonly used to detect the harmful toxic gases and measuring the gas concentration. It is used in the factories and manufacturing units to detect gaseous leaks which can cause a serious hazard.

Apart from this, it is installed in houses, hotels, and offices to detect smoke and check CO emissions. Further, the gas sensor plays a crucial role in medical industry, consumer electronics, military operations, food and beverage industry, etc. With such wide range of applications, the gas sensor industry is likely to gather an appreciable market share.

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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 industry

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.

Europe gas sensor market to depict considerable growth by 2026

The gas sensor market in Europe is expected to exhibit a commendable growth for the forecast timeframe. The regional market seized a revenue share of USD 400 million in 2019 and is anticipated to exhibit a CAGR of 4% over 2020 to 2026. The growth can be attributed to increasing digitalization in Germany. Stringent government regulations on energy efficiency and emission controls have escalated the demand for the gas sensors in the automotive industries across Europe.

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Gas sensors are also heavily deployed across the chemical sector. It detects the toxic and explosive gases produced during chemical manufacturing. This will further push Europe gas sensor market as the continent boasts of a very well-established chemical business.

APAC to be the upcoming hotspot for gas sensors

Dominated by Japan and China, the Asia Pacific market is also projected to register a substantial growth attributing to the increased use of gas sensors in the automotive, transportation, construction, oil and gas and chemical industries. With the growing awareness regarding air pollution and its impact on health, the consumers in the region prefer electronic devices with embedded air quality sensors. Examples of such devices are smartphones, smart watches, tablets, laptops, etc.

The players in the global gas sensor market are inclined towards investing in R&D and developing innovative products which can help them gain a competitive advantage as a result of improved offerings. The manufacturers are also building strategic alliances with new industries from the developing countries so as to expand their market offerings. For instance, in 2019, Amphenol had launched a new series of gas sensor named Telaire T3022 which was designed to make the carbon dioxide detections more cost effective.

Some of the eminent names in the competitive sphere of gas sensor market include Honeywell International, Inc., Bosch Sensortec, Yokogawa Electric Corporation, Figaro Engineering, Inc., Siemens AG, Teledyne Technologies, Amphenol Corporation, Dynament, Sensirion AG and Aeroqual Ltd.

Table of Contents (ToC) of the report:

Chapter 1.    Methodology and Scope

1.1.    Scope

1.2.    Definitions

1.3.    Methodology

1.4.    Data Sources

1.4.1. Primary

1.4.2. Secondary

Chapter 2.    Executive Summary

2.1.    Gas sensor market 360⁰ synopsis, 2016 - 2026

2.1.1. Business trends

2.1.2. Regional trends

2.1.3. Product trends

2.1.4. Technology trends

2.1.5. Connectivity trends

2.1.6. Application trends

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