Chemical Sensor Market

Chemical Sensors Market Size, Share, Growth (2023-2028)

Chemical Sensor Market growing from USD 21.39 billion in 2023 to USD 32.96 billion by 2028, growing at a CAGR of 7.51% during the forecast period of 2023-2028.

Chemical Sensors Market Overview

A chemical sensor is a measuring device that converts a chemical or physical property of a specific analyte into a measurable signal, whose magnitude is usually proportional to the concentration of the analyte.These chemical sensors can trace microorganisms using bio-compounds that have membrane components or nucleic acid similar to the sensor. With these uses, these sensors are growing the market in the medical sector. Also, the growth of the usage of these sensors in automotive, food an& beverage, and healthcare industries is the key factor that is driving the growth of the market. These sensors are employed to detect & monitor automotive and industrial emissions, coupled with the functioning of wastewater treatment systems.

Recent Developments

•  Johnson & Johnson, a multinational company that develops medical devices, pharmaceutical and consumer packaged goods, has announced that it would begin a $1-billion-plus effort with the U.S. government for designing and manufacturing a vaccine against the latest pandemic.

•  SUONO BIO, Inc. has announced a strategic investment by NGK SPARK PLUG CO., Ltd., a major player in the chemical sensors market, for helping advance its drug delivery platform for Gastrointestinal-Based Diseases.

Chemical Sensors Market Drivers and Restraints

Rising enhancements in chemical sensors performance owing to technological advancements along with the high unit volume demand due to the low prices is slated to drive the Global Chemical Sensor Market growth during the forecast period. Growing quick & accurate detection process is propelling the diagnosis application in the medical sector, which in turn resulting in augment the market however, the rapid growth of optical sensors is limiting to declining automobile emissions testing to a certain extend, which is a decreasing number of vehicles that need to be tested via the tailpipe, it is the major restraint for the target market growth.Furthermore, the technological up-gradation in order to cure these limitations is projected to create some lucrative opportunities for the expansion of the Global Chemical Sensor Market

Chemical Sensors Market Segmentation

Based on the application

• Industrial

• Motor Vehicles

• Food & Beverage Processing

• HVAC

• Environmental Monitoring

• Industrial Safety & Emissions

• Water & Wastewater

• Automotive Emissions Testing

• Medical, Clinical Diagnostics

• Nutritional, Defense

• Homeland Security

Among all of these segments, the medical application is the largest contributing segment for the global chemical sensors market owing to the rising demand for these sensors in clinical diagnostic. Growth in new diabetes diagnoses for baby boomer generation is creating a need for portable blood glucose monitors. Advancements in new applications and the healthcare industry being majorly increased reliance on testing & benchmarks are resulting in demand for the medical chemical sensors.

based on the type

• Electrochemical

• Potentiometric

• Amperometric

• Conductometric

• Optical

• Infrared

The growth in the adoption of cabin air quality systems in motor vehicles and the increasing usage of the control ventilation in commercial properties is driving the segmental growth in the target market.

Based on the analyte

• Solid

• Liquid

• Gas

Chemical Sensors Market Regional Analysis

• North America

• Europe

• Asia Pacific

• South America

• Middle East & Afric

In the regional analysis of the Global Chemical Sensors Market, local markets in North America and Europe are anticipated to witness significant growth during the outlook period owing to changes within end-use industries like the motor vehicle industry.

And also, Asia Pacific's regional market is anticipated to witness the fastest growth over the forecast period. The development in the target market in this region is attributed to the growing medical and automotive industry in the area. Growing awareness about health issues as well as the expansion of population and the number of vehicles in countries like China and India is anticipated to boost the market growth in the Asia Pacific.

Chemical Sensors Market Key Players

1. Thermo Fisher Scientific

2. Bayer

3. Hoffmann La-Roche

4. NGK Spark Plugs

5. Robert Bosch

6. Johnson & Johnson Services

7. ABB

8. Alphasense

9. Abbott Laboratories

10. AMETEK

11. City Technology

12. Alpha MOS

13. Delphi Automotive

14. Delphian and E2V technologies