Global Chemical Sensors Market

[dropcap style="e.g. default, circle, square" size="e.g. normal, small"]C[/dropcap]hemical sensors are used for detection of chemicals and producing information in form of signals for analysis. Due to this electrochemical sensor capture most of the market share. The driver is surging demand in the automotive sector and medical diagnosis. Due to this reason, the Asian market will show the fastest growth simply because of a large number of vehicles produced and consumed.

End-users

Leading end-users in terms of volume and value would be oil and gas, automotive and biomedical industry. The medical diagnosis will be much benefited due to product innovations in optical sensors. The growing concerns on emissions of harmful gases will influence the market for automobiles. Apart from that beverage industry, agriculture, defense, and drug industry are going to be the major consumers.

Market Dynamics

Key drivers for growth comprise of high portability and miniaturization of chemical sensors coupled with continuous product development to accompany the consumer preferences. Also, the growing capabilities of sensors for detection of toxic chemicals has fueled the need for the vehicle industry. To address the problem of carbon footprint the governments are also coming up with initiatives to put a check on emissions. In the medical sector, the rising number of chronic disease cases and point of care treatment is going to spur growth.

However, the major hindrance to growth in chemical sensors market recently is due to reduced automobile emissions testing, especially those that need to be tested through the pipeline. The challenge is to offer variants to these industries at a low price point for different product mixes to maintain a high level of growth.

Market Segmentation

Depending on the type of technology, the market is segmented into electrochemical sensors, optical sensors, semiconductor and catalytic bead. Among these, the major growth is driven through electrochemical and optical sensors. Based on the end user industry type the market is divided primarily into - Bio-Medical, Automobiles, Monitoring and Chemical Industry and others. Due to high sensitivity and relative interference immunity, these sensors are majorly driving growth in the medical and chemical sector.

Regional/Geographic Analysis

Based on the geographic location, the market could be fragmented into North America (USA and Canada), Europe (Germany, France, UK, Russia and rest of Europe), APAC (China, South Korea, India, and rest) and Latin America (Brazil and rest). With 40% of market share in terms of revenue, the North American market leads the others.

The increased emphasis on pollution control and soaring numbers of vehicles produced the US leads as a market leader for these devices. However, the second largest market is captured by Asia followed by Europe and then Latin America. Applications in food and beverage and oil and gas segment are going to fuel the growth in the Asian market.

Opportunities (This section can be written as part of Market Dynamics)

The rapid advancements in medical technologies and changing product mixes in automobile segment will open opportunities for innovation and thus good opportunities of commercializing the sensors on a mass scale.

Key Players

Major players in chemical sensors market include Delphi Automotive, Teledyne Monitor Labs, ABB Group, Emerson Electric, The Bosch Group, Smiths Detection, Nova Biomedical Corp., Mine Safety Applications Co., Siemens, Denso Corp, Honeywell International.

Report Contents:

> Global Market segments

> Global Market Drivers, Restraints and Opportunities

> Global Market Size & Forecast 2016 to 2022

> Supply & Demand Value Chain

> Global Market - Current Trends

> Competition & Major Companies

> Technology and R&D Status

> Porters Five Force Analysis

> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada

> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America

> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)

>> Nordic Countries (Denmark, Finland, Norway, and Sweden)

>> Benelux (Belgium, The Netherlands, and Luxembourg)

>> Rest of Western Europe

> Eastern Europe

>> Russia

>> Poland

>> Rest of Eastern Europe

> Asia Pacific

>> China

>> India

>> Japan

>> Australia and New Zealand

>> Rest of Asia Pacific

> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)

>> South Africa

>> North Africa

>> Rest of Middle East and Africa

This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)

> Consumer and Pricing Analysis

> Market dynamics of the industry

> Market Segmentation

> Estimated Market Sizing in terms of volume and value

> Recent trends in market and impact

> Research Status and Technology Overview

> Extensive Industry Structure Coverage