Market Overview
The Global Chemical Sensor Market is anticipated to grow in a significant way during the forecast period. It is expected that the target market is growing from USD 21.39 billion in 2019 to USD 32.96 billion by 2025, growing at a CAGR of 7.51% during the forecast period of 2020-2025. 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.
Drivers and Restraints of Chemical Sensors Market
Rising enhancements in chemical sensors performance owing to the 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 expansion of the Global Chemical Sensor Market
Market Segmentation of Chemical Sensors Market
Based on the application, the global Chemical Sensors market is segmented into Industrial, Motor Vehicles, Food & Beverage Processing, HVAC, Environmental Monitoring, Industrial Safety & Emissions, Water & Wastewater, Automotive Emissions Testing, Medical, Clinical Diagnostics, Nutritional, Defense and Homeland Security, and Others. 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.
And based on the type of product, the global Chemical Sensors market is segmented into Electrochemical, Potentiometric, Amperometric, Conductometric, Others, Optical, Infrared, Photoionization, Others, Pellistor/Catalytic Bead, Semiconductor, and Others. Among all of these segments, the Optical chemical sensor segment is expected to rise at a healthy pace during the forecasting period. 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, the global Chemical Sensors market is segmented into Solid, Liquid, Gas.
Chemical Sensors Market Region-wise 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.
Key Players of Chemical Sensors Market
The Global Chemical Sensors Market include Thermo Fisher Scientific, Bayer, Hoffmann La-Roche, NGK Spark Plugs, Robert Bosch, Johnson & Johnson Services, ABB, Alphasense, Abbott Laboratories, AMETEK, City Technology, Alpha MOS, Delphi Automotive, Delphian and E2V technologies. Other major players include Emerson Electric, Figaro Engineering, Freescale Semiconductor, Denso Corp, Draegerwerk, Halma, Heraeus Holding, Honeywell International, General Electric, Industrial Scientific, International Sensor Technology, Horiba, Mine Safety Appliances, Ocean Optics, RAE Systems, Siemens, Nova Biomedical, Smiths Detection Teledyne Monitor Labs, Xylem and United Technologies.
1. Introduction
1.1 Market Definition
1.2 Scope of the report
1.3 Study Assumptions
1.4 Base Currency, Base Year and Forecast Periods
2. Research Methodology
2.1 Analysis Design
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Data Modelling
2.2.4 Expert Validation
2.3 Study Timeline
3. Report Overview
3.1 Executive Summary
3.2 Key Inferencees
4. Market Dynamics
4.1 Impact Analysis
4.1.1 Drivers
4.1.2 Restaints
4.1.3 Opportunities
4.2 Regulatory Environment
4.3 Technology Timeline & Recent Trends
5. Competitor Benchmarking Analysis
5.1 Key Player Benchmarking
5.1.1 Market share analysis
5.1.2 Products/Service
5.1.3 Regional Presence
5.2 Mergers & Acquistion Landscape
5.3 Joint Ventures & Collaborations
6. Market Segmentation
6.1 Chemical Sensors Market, By Product Type
6.1.1 Electrochemical
6.1.2 Potentiometric
6.1.3 Amperometric
6.1.4 Conductometric
6.1.5 Optical
6.1.6 Inrared
6.1.7 Photoionization
6.1.8 Pellistor/Catalytic Bead
6.1.9 Semiconductor
6.1.10 Market Size Estimations & Forecasts (2019-2024)
6.1.11 Y-o-Y Growth Rate Analysis
6.1.12 Market Attractiveness Index
6.2 Chemical Sensors Market, By Application
6.2.1 Industrial
6.2.2 Motor Vehicles
6.2.3 Food & Beverage Processing
6.2.4 HVAC
6.2.5 Environmental Monitoring
6.2.6 Industrial Safety & Emissions
6.2.7 Water & Wastewater
6.2.8 Automotive Emissions Testing
6.2.9 Medical
6.2.10 Clinical Diagnostics
6.2.11 Market Size Estimations & Forecasts (2019-2024)
6.2.12 Y-o-Y Growth Rate Analysis
6.2.13 Market Attractiveness Index
6.3 Chemical Sensors Market, By Analyte
6.3.1 Solid
6.3.2 Liquid
6.3.3 Gas
6.3.4 Market Size Estimations & Forecasts (2019-2024)
6.3.5 Y-o-Y Growth Rate Analysis
6.3.6 Market Attractiveness Index
7. Geographical Landscape
7.1 Global Identity Governance and Administration Market, by Region
7.2 North America - Market Analysis (2018 - 2024)
7.2.1 By Country
7.2.1.1 USA
7.2.1.2 Canada
7.2.2 By Product Type
7.2.3 By Application
7.2.4 By Analyte
7.3 Europe
7.3.1 By Country
7.3.1.1 UK
7.3.1.2 France
7.3.1.3 Germany
7.3.1.4 Spain
7.3.1.5 Italy
7.3.1.6 Rest of Europe
7.3.2 By Product Type
7.3.3 By Application
7.3.4 By Analyte
7.4 Asia Pacific
7.4.1 By Country
7.4.1.1 China
7.4.1.2 India
7.4.1.3 Japan
7.4.1.4 South Korea
7.4.1.5 South East Asia
7.4.1.6 Australia & NZ
7.4.1.7 Rest of Asia-Pacific
7.4.2 By Product Type
7.4.3 By Application
7.4.4 By Analyte
7.5 Latin America
7.5.1 By Country
7.5.1.1 Brazil
7.5.1.2 Argentina
7.5.1.3 Mexico
7.5.1.4 Rest of Latin America
7.5.2 By Product Type
7.5.3 By Application
7.5.4 By Analyte
7.6 Middle East and Africa
7.6.1 By Country
7.6.1.1 Middle East
7.6.1.2 Africa
7.6.2 By Product Type
7.6.3 By Application
7.6.4 By Analyte
8. Key Player Analysis
8.1 Thermo Fisher Scientific
8.1.1 Business Description
8.1.2 Products/Service
8.1.3 Financials
8.1.4 SWOT Analysis
8.1.5 Recent Developments
8.1.6 Analyst Overview
8.2 Bayer AG
8.3 Hoffmann La-Roche
8.4 NGK Spark Plugs
8.5 Robert Bosch
8.6 Johnson & Johnson Services
8.7 ABB Ltd
8.8 Alphasense,
8.9 Abbott Laboratories
8.10 AMETEK
9. Market Outlook & Investment Opportunities
Appendix
List of Tables
List of Figures
