Chemical sensors convert the chemical information into electrical signals. These sensors are small and affordable, making it suitable for usage in small-scale applications and cramped conditions. Chemical sensors are used in numerous industries like automotive, food & beverage, wastewater management, etc. The rapid global expansion of these industries has accelerated the global market. Also, the increasing number of vehicles has posed severe challenges against the authorities. They have introduced stringent rules to overcome this factor, for which chemical sensors are among the major parts.
The detection of the leaks and levels of toxic gases and chemicals that pose a risk to life forms is done with chemical sensors empowered by the introduction of stringent regulations. The increasing usage of these sensors has resulted in the introduction of advanced and efficient sensors, which has lifted the demands for these sensors and is growing rapidly. The companies invest in research & development programs to unfold the new aspects, imposing an extra load on the market and helping the market gain accelerated speeds.
Apart from the uses and features, the global chemical sensors market faces challenges from the decrease in emission testing in the automotive industry due to a decrease in tailpipe testing, which has restrained the global market growth. This report provides a comprehensive outlook on competition, opportunities, drivers & restraints, and other factors affecting the market’s local and global chemical sensors. The global market is anticipated to register approximately a 06 % annual growth during this period.
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Competitive Analysis
The current focus of key market players is developing next-generation clinical measuring, diagnostic, and monitoring chemical sensors. These players have opted for partnerships and product launches as their key organic growth strategies to further strengthen their market position. In 2018, Analog Devices, Inc unveiled a new sensor interface IC— ADuCM355 precision analog microcontroller—which incorporates potentiostat and electrochemical impedance spectroscopy (EIS) functionality in a single chip. This microcontroller enables next-generation intelligent electrochemical sensors that find application in industrial gas sensing, instrumentation, vital signs monitoring, and disease management.
Intended Audience
- Sensor manufacturers
- Technology providers
- Original equipment manufacturers
- Equipment distributors and suppliers
- Research and development companies
- Market research and consulting firms
- Technology standards organizations
- Technology investors
- System Integrators
Key Players
The key players profiled in the global chemical sensors market research report are Abbott Laboratories (US), Emerson Electric Co. (US), Denso Corporation (Japan), Nova Biochemical Corp. (US), Thermo Fisher Scientific Inc. (US), AMETEK, Inc. (US), Alpha MOS (France), Freescale Semiconductor, Inc. (US), Halma PLC (UK), and F. Hoffmann-La Roche AG (Switzerland).
The major players focus on growth strategies such as strategic partnerships, mergers, acquisitions, and product launches to enhance their product offerings and expand their market reach. For instance, in October 2018, Leti, a research institute of CEA Tech, created a consortium of eight European research institutes and companies—REDFINCH—to develop miniaturized, portable, high-performance, cost-effective chemical sensors using a mid-infrared photonic integrated circuit. The initial target end-use industries are petrochemicals and dairy.
Market Division
The global chemical sensors market is segmented into classes as follows:
The global chemical sensors market is categorized into solid, liquid, and gas-based types.
The global chemical sensors market is divided into electrochemical, biochemical, electrical, and others based on technology.
The global chemical sensors market is divided among oil & gas, automotive, defense, agriculture, and others based on end-users.
Regional Classification
The chemical sensors market has gained global adoption due to a rise in demands for sensors, increasing the adoption of better technologies, and increasing applications. The Asia Pacific, North America, Europe, and the rest of the world are the major market studies for the global chemical sensors market. The North America region is leading the market due to the presence of key manufacturers, large industrial covers, rapid research & development programs, and other factors. The Asia Pacific region will grow at the fastest rate due to the rapidly developing industrial structures, the introduction of rigid environment-friendly norms, growing awareness, demand for better technologies, and other factors with India and China among the major contributors in consumption and production capacities.
Industry News
The global chemical sensors market is growing at lightning speeds due to increasing demands for effective & dependable technologies and rising environmental concerns. The healthcare and electromechanical sensors segments are holding a major part of the market. The North American region is the current market leader and will maintain its post during this tenure. In contrast, the Asia Pacific region will register the fastest growth rates during this period.
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