Chemical Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Chemical Sensors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Market Overview:

The global chemical sensors market size reached US$ 22.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 32.6 Billion by 2028, exhibiting a growth rate (CAGR) of 6.75% during 2023-2028.

Chemical sensors refer to various devices and instruments that are used to determine the presence, concentration and quantity of an analyte. The analyte is any molecule or element that is examined under a chemical condition. The sensors are used to transform chemical information into analytical signals and provide real-time information about a sample. The chemical information also indicates the presence of multiple chemical species in the sample. Apart from chemical species, they can also trace microorganisms using bio-compounds which have membrane components or nucleic acid similar to the sensor.

The growth of the automotive, food and beverage, and healthcare industries is the key factor driving the growth of the market. Chemical sensors are used to detect and monitor automotive and industrial emissions along with the functioning of wastewater treatment systems. In the healthcare sector, they are used in fertility systems, cancer diagnosis, portable glucose monitors, diagnosis of renal failure and alcohol and drug abuse. Furthermore, the increasing prevalence of diabetes and related diseases is also expected to increase the product demand as chemical sensors are used in the manufacturing of blood sugar testing strips. Additionally, there is a growing demand for optical chemical sensors that are utilized in vehicle cabin air quality systems, owing to the increasing sales of automobiles. This, coupled with the rising adoption rate of centralized ventilation in residential and commercial spaces, is also favoring the growth of the market. Moreover, these sensors are finding extensive application in the defense and military sector, as they aid in the detection of explosive materials.

IMARC Group’s latest report provides a deep insight into the global chemical sensors market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for industry players, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the chemical sensors market in any manner.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global chemical sensors market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, analyte and application.

Breakup by Product Type:

Electrochemical

Potentiometric
Amperometric
Conductometric
Others


Optical

Infrared
Photoionization
Others


Pellistor/Catalytic Bead
Semiconductor
Others


Based on the product type, the report finds that electrochemical sensors represent the most popular type of chemical sensors. Other major product types are pellistor/catalytic bead and semiconductor. Electrochemical sensors are further divided as potentiometric, amperometric, conductometric and others.

Breakup by Analyte:

Solid
Liquid
Gas

On the basis of the analyte, the market has been categorized into solid, liquid and gas.

Breakup by Application:

Industrial

Motor Vehicles
Food & Beverage Processing
HVAC


Environmental Monitoring

Industrial Safety & Emissions
Water & Wastewater
Automotive Emissions Testing


Medical

Clinical Diagnostics
Nutritional


Defense and Homeland Security
Others


The market has been segregated based on the application into industrial, environmental monitoring, medical, defense and homeland security and others. Amongst these, industrial applications represent the largest segment, which also includes motor vehicles, food and beverage processing and HVAC.

Breakup by Region:

Asia Pacific
Europe
North America
Middle East and Africa
Latin America

On the basis of geography, North America enjoys the leading position in the market. Other major regions are Europe, Asia Pacific, Latin America, and Middle East and Africa.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Smiths Detection Inc., AirTest Technologies Inc., Hans Turck GmbH & Co. KG, General Electric, Thermo Fisher Scientific, Bayer, MSA Safety Incorporated, Honeywell International Inc., Pepperl+Fuchs Group, SICK AG, Siemens AG, ABB Ltd, SenseAir AB, Spectris PLC, Denso Corporation, Halma PLC, Owlstone Inc., etc.

Key Questions Answered in This Report:

How has the global chemical sensors market performed so far and how will it perform in the coming years?
What are the key regional markets in the global chemical sensors industry?
What has been the impact of COVID-19 on the global chemical sensors industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the analyte?
What is the breakup of the market based on the application?
What are the various stages in the value chain of the global chemical sensors industry?
What are the key driving factors and challenges in the global chemical sensors industry?
What is the structure of the global chemical sensors industry and who are the key players?
What is the degree of competition in the global chemical sensors industry?