Environmental Sensors Market

Global Environmental Sensors Market Size (2023 to 2028)

The global environmental sensors market size is expected to be worth USD 1.4 Billion in 2023. It is expected to grow at a CAGR of 9.25% during the forecast period and reach a value of USD 2.18 Billion by 2028.

Environment monitoring is a helpful technique required for the protection of the environment and the people from contaminants and poisonous pathogens being released into the air, water and soil. Environmental sensors satisfy the requirements of forest fire detection, air pollution monitoring, greenhouse gas, and landslide detection monitoring. Temperature, humidity, and air quality control are among the many applications of environment-sensing technology.

Global Environmental Sensors Market Drivers:

Pollution rates have been rising annually due to increased emissions of greenhouse gases in the atmosphere. This trend is expected to boost the environmental sensors market in the forecast period. Industry 4.0 is also growing, supplementing the growth of the environmental sensors market. The trends in the environmental sensors market include downsizing the sensor to the Nanoscale, the capability of sensing the real-time environment, operation on a wireless network, increased sensibility, and fast processing.

With a wide variety of applications, the environmental sensors market is expecting a high growth rate. The agriculture and industrial sectors fuel the growth of the market. The environmental sensors market is anticipated to take advantage of smart city initiatives and multiple automation systems. The promotion of smart homes along with the initiative of building green is targeted to protect the environment by aiming to reduce carbon footprints, saving on the consumption of natural resources, incorporating renewable energy sources for power, and providing a comfortable indoor environment. With the support of government initiatives and customer demand, the concept of green building is gaining recognition. Environmental sensors are important devices to monitor the safety of the environment. The dire need to tackle the degradation of pollution is forcing the government to regulate pollution by launching initiatives to protect the environment. These initiatives drive the demand for environmental sensors.

The growing population causing global climate change has raised awareness among governments, forcing them to devise policies and invest heavily in the protection of the environment. The environmental sensors market is benefitting from the growing concern for environmental protection across the globe. Internet of Things (IoT) technology has a significant role in the development of environment-sensing technology driving market growth. Increased Research and development activities due to the growing awareness and rapid technology gradation support the environmental sensors market growth. Stringent laws to control the pollution levels of industrial and manufacturing sectors make environmental sensors popular in those sectors. Government initiatives to provide emission allowances influence market growth. In the agricultural sector, the growing demand for intelligent communication systems along with smart detection, monitoring, and control, promotes market growth. The global environmental sensors market caters to the needs of oceanic, terrestrial, and atmospheric environments which makes the size of the market vast. The development of Micro Electromechanical Systems (MEMS) has been encouraging the usage of environmental sensors. Market growth is expected in the forecast period driven by the development of MEMS.

Global Environmental Sensors Market Restraints:

Lack of awareness in the market restricts the growth of the consumer base. Another restraint in the growth of the environmental sensors market is budgetary constraints on the consumer. Expensive installation of the technology limits the number of customers. The market growth is also restricted by differential standards and regulatory models. Illegal infringement of patented technology and a greater number of counterfeits act as a restraint.

Impact of COVID-19 on the environmental sensors market:

Sensors connect the user with the environment. Sensors provide a sense of security to the user. COVID-19 has brought the world into a standstill shattering the prospects of various businesses. The economy has been badly hit. The worldwide lockdown entirely disrupted the supply chain temporarily halting several businesses. Among these damages, the sensors market has come out without severe damages, and it is expected that the market growth will surge in the coming years due to growing concerns about safety and the environment among individuals. Environmental sensors detect and monitor the nearby environment of the individual assuring the user of his surroundings. It is expected that the coronavirus effect on the sensors market will be positive in the coming years.

REPORT COVERAGE:

This research report on the global environmental sensors market has been segmented and sub-segmented into the following categories.

Global Environmental Sensors Market – By Product Type:

• Temperature
• Humidity
• Ultraviolet
• Water quality
• Moisture
• Fluid
• Chemical
• Others

The ultraviolet and temperature segments are expected to register the highest compound annual growth rate (CAGR) over the forecast period, among other things.

Global Environmental Sensors Market – By Technology:

• Remote sensing
• GPS
• Radon
• Monitoring technologies
• Terrestrial sensing
• Others

In the global environmental sensors market, the segments in the technology segmentation that are expected to grow at the highest compound annual growth rate (CAGR) are the remote sensing technology segment and GPS technology segment.

Global Environmental Sensors Market – By End User:

• Consumer Electronics
• Industrial and Commercial
• Healthcare
• Agriculture
• Wastewater Management
• Others

Earlier in 2022, the consumer electronics segment and industrial and commercial segment held the majority of the environmental sensors market share.

Global Environmental Sensors Market – By Region:

• North America
• Latin America
• Europe
• Asia Pacific
• Middle East and Africa

Asia Pacific is the industrial hub of the world with China being the leading manufacturer. Asian countries have been industrializing on a large scale. Therefore, the environmental sensors market in the Asia Pacific region holds a significant share of the global market. Consumer Electronics and pharmaceutical companies are targeting the Asia Pacific region to run operations and manufacturing units. The environmental sensors market is expected to prosper in the region over the forecast period. The CAGR in the Asia Pacific region is expected to be in double digits. The market in the Asia Pacific region is also driven by water scarcity, expensive fresh water, and the immediate need to control air pollution.

North American market is expected to succeed in Asia Pacific in terms of market share in the forecast period due to the technological advancements in the local countries. The market in the European and Middle East & Africa region is expected to grow owing to the government initiatives for environment protection.

KEY MARKET PLAYERS:

Siemens, AG, Sensirion, Analog Devices, TE Connectivity, Honeywell International, Texas Instruments, Lockheed Martin, Omron Corporation

RECENT HAPPENINGS IN THE MARKET:

• In 2018, Omron launched a USD-type version of its environment sensor named 2JCIE. The product was designed to sense a range of environmental conditions. It featured connectivity via Bluetooth or USB. The sensors combine humidity, light, barometric pressure, VOC, and sound sensors along with a 3-axis accelerometer.
• In April 2018, a new product by the name SGPC3 was developed by Sensirion. It is an ultra-lower gas sensor. It detects indoor air quality for battery-driven or mobile applications. They had the capability to determine alcohol content through an individual’s breath and recognize various smells.
• Related to mergers & acquisitions, TE Connectivity has announced the acquisition of American Sensors Technology.