Overview of the global chemical sensors market

Technavio's market study identifies the growing pharmaceutical industries in emerging countries to be one of the primary growth factors for the chemical sensors market. Pharmaceutical vendors are targeting the emerging regions that have high growth pharma-opportunity due to rising GDP, increasing healthcare spending, availability of cost-efficient resources, and a continuously evolving regulatory environment. Emerging regions are increasingly adopting pharmaceuticals due to increasing incidences of diseases such as diabetes, cardiovascular problems, and cancers. The market analysts estimate that the market will grow steadily at a CAGR of almost 6% by 2021.

To curb night-time road fatalities, sensor fusion technologies consisting of multiple automotive biosensors such as alcohol-odor detection sensors and eye alertness tracking sensors using image sensing technologies with light detection and ranging (LiDAR) sensing technologies have been implemented effectively. Automobiles contain multiple sensor and consequently, the capabilities of all the sensors must be consolidated to provide the most efficient and accurate solution to guide the automobiles in unfavorable conditions. The growing popularity of biosensors and sensor fusion technologies is identified to be one of the key trends contributing towards the growth of the chemical sensors market.

Competitive landscape and key vendors

The chemical sensors market is highly fragmented due to the growing market share of the international and regional vendors offering differentiated products. Chemical sensors vendors compete intensely to acquire significant market share in the global and regional markets. Varying demands from the various end-user segments provides growth potential to the vendors.

The leading vendors in the market are -

• AirTest Technologies
• Banner Engineering
• Digital Control Systems
• General Electric
• Hans TURCK
• Honeywell Analytics
• MSA Safety
• Pepperl+Fuchs
• SenseAir
• SICK

Segmentation by product type and analysis of the chemical sensors market

• Biosensors
• Gas sensors

The biosensor-based devices provide rapid, real-time monitoring, and can be used on-site without the need for sample preparation, due to which they are widely used in several end-user applications such as the medical diagnosis, drug development, medical diagnosis, environmental monitoring, food safety, and nanotechnology.

Geographical segmentation and analysis of the chemical sensors market

• Americas
• APAC
• EMEA

APAC regions, China and India are witnessing growing pollution levels that will influence the demand for clean-in-vehicle air. Additionally, automotive original equipment manufacturers (OEMs) are focusing on integrating humidity sensor and bio sensing and features such as driver drowsiness monitoring, alcohol odor detection, and air quality monitoring to cater to the consumers? requirements.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global chemical sensors market?
• What are the key market trends impacting the growth of the global chemical sensors market?
• What are the challenges to market growth?
• Who are the key vendors in the global chemical sensors market?
• What are the market opportunities and threats faced by the vendors in the global chemical sensors market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global chemical sensors market? 

Technavio also offers customization on reports based on specific client requirement.

This upcoming market research report on the global chemical sensor market offers insights into the key trends and emerging drivers influencing the growth of the hardware and semiconductor industry. Our market research reports for the hardware and semiconductor also industry follow an extensive data collection methodology and offer an analysis of fast growing market segments like sensors.

By considering the market forecast and size, surging demand for various embedded systems, the market research experts at Technavio offer an all-inclusive picture of the chemical sensor market for the estimated period of 2017 to 2021. Furthermore, our research practices support clients devise effective growth strategies and compete with the continually changing market landscape. This market analysis report also offers an extensive analysis of various sensors based on the interpretation of the information gathered from specific resources such as channel partners and market stakeholders.

This upcoming industry report on the chemical sensor market also considers the growth of the related markets such as the soil moisture sensors market, which is expected to project a CAGR of around 15% during the forecasted period. Moreover, this upcoming market research report on the chemical sensor market also covers vendors like Alpha OS, ABB Group, Delphi Automotive, Robert Bosch, Emerson Electric, Denso Corp., and Halma.

The upcoming industry research report on the chemical sensor market also categorizes the key drivers, prominent trends, as well as the restraints that the sensors sector currently experiences. It also presents insights into the dynamically changing competitive scenario to give clients a complete view of the industry. Technavio also provides detailed market assessments into the sectors such as lighting and embedded systems.

Technavio also offers clients the option to customize every report to suit their specific requirements and offers attractive discounts on all upcoming reports and future purchases.