Global Dust Sensors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Dust Sensors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The Dust Sensor detects dust particle concentration in air by using an optical sensing method. An infrared light-emitting diode (IR LED) and a photo-sensor are optically arranged in the device. The photosensor detects the reflected IR LED light by dust particles in the air. The dust sensor can detect small particles, such as cigarette smoke. It can also distinguish small particles, such as smoke from large house dust, by the pulse pattern of the signal output.

Market Overview:

The latest research study on the global Dust Sensors market finds that the global Dust Sensors market reached a value of USD 491.48 million in 2022. It’s expected that the market will achieve USD 530.38 million by 2028, exhibiting a CAGR of 1.28% during the forecast period.

The impact of COVID-19 on the global economy.

More than one million lives have been lost to COVID-19 since the start of 2020 and the toll continues to rise. Many more have suffered a serious illness. Close to 90 million people are expected to fall into extreme deprivation this year. Compared with the IMF report released in June, the global economic contraction in 2020 will not be as severe as previously predicted. This revision reflects a better-than-expected economic recovery in the second quarter. Global growth is projected at 5.2 percent in 2021, a little lower than in the June 2020 WEO Update, reflecting the more moderate downturn projected for 2020 and consistent with expectations of persistent social distancing. This is the worst global recession in decades, despite the huge efforts of governments with the support of fiscal and monetary policies to deal with the economic downturn. But from a long-term perspective, it is expected that the severe recession caused by the pandemic will cause a prolonged economic depression by reducing investment. Should COVID-19 outbreaks persist, should restrictions on movement be extended or reintroduced, or should disruptions to economic activity be prolonged, the recession could be deeper. Businesses might find it hard to service debt, heightened risk aversion could lead to climbing borrowing costs, and bankruptcies and defaults could result in financial crises in many countries. Under such unfavorable circumstances, there will still be a possibility of a global decline in 2021.

The COVID-19 pandemic has brought challenges to the normal operation of the supply chain.

In the current economic globalization, the upstream and downstream industrial chains have never been so closely connected. The COVID-19 pandemic around the world has caused a large number of factories to stop production, isolate employees, and block transportation. This will affect the raw material transportation of Dust Sensors manufacturing companies. If the supply of raw materials is blocked, the production of the Dust Sensors will also be affected. Therefore, dealing with the impact of COVID-19 on the global supply chain will become one of the main issues that Dust Sensors manufacturers need to deal with. In the short term, it is expected that the price of raw materials produced by the Dust Sensors will rise, which will put pressure on the cost control of Dust Sensors producers.

Region Overview:

In global comparison, a significant portion of the revenue was generated in Asia Pacific (37.07% in 2022).

Company Overview:

Sensirion is one of the major players operating in the Dust Sensors market, holding a share of 7.68% in 2023.

Sensirion

Founded in 1998 Sensirion has become the leading manufacturer of flow and environmental sensors solutions. The company now employs people in various countries such as the USA, South Korea, Japan, China, Taiwan, and Germany. The headquarters in Switzerland is responsible for research, development, and production.

Hanwei

Hanwei Technology Group Co., Ltd. is a trustworthy and innovative technology company, a well-known gas sensor and instrument manufacturer in China, and an IoT solution provider.

Segmentation Overview:

As for product types, the Family Use segment held the largest market share in 2022.

Application Overview:

The market's largest segment by application is the segment Home Appliance, with a market share of 52.28% in 2022.

Key Companies in the global Dust Sensors market covered in Chapter 3:

Hanwei
Shinyei Group
PlanTower
Wuhan Cubic Optoelectronic Co., Ltd
Amphenol Advanced Sensors
Panasonic
Sensirion
Sharp
Nova Fitness

In Chapter 4 and Chapter 14.2, on the basis of types, the Dust Sensors market from 2018 to 2029 is primarily split into:

Commercial Use
Family Use

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Dust Sensors market from 2018 to 2029 covers:

Home Appliance
Industrial
Automotive
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)