According to
the market research report "Environmental Sensor Market by Type (Temperature, Humidity, Air Quality,
Water Quality, Integrated, UV, and Soil Moisture), Vertical (Government,
Commercial, Industrial, Residential, Consumer, Enterprise), Location, and
Geography - Global Forecast to 2023", the environmental
sensor market, the overall market is estimated to be worth USD 1.37 billion in
2018 and is projected to reach USD 2.19 billion by 2023, at a CAGR of 9.9% from
2018 to 2023.
Stringent
environmental regulations to reduce air pollution, increase in health and safety
concerns would upsurge demand for environmental monitoring systems, and rise in
air quality monitoring stations are the key factors driving the environmental
sensor market.
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Market for
integrated environmental sensors to grow at highest CAGR during forecast period
The growth
of the environmental sensors market is mainly due to the shifting preference
from standalone sensors and integrated sensors widely used to measure humidity,
temperature, dust intensity, UV radiation, and other environmental parameters.
Increasing demand for environmental sensors in consumer devices, where small
size and low power consumption are important aspects to be considered, is the
major factor driving the growth of the said market.
Portable
environmental sensors expected to account for largest size of environmental
sensor market, by location
Due to
increasing environmental regulations to reduce air pollution and growing health
and safety concerns would increase the demand for portable sensors that are
mainly used in devices such as wrist bands, fitness bands, smartphones, and
tablets. Due to the increasing use of portable sensors in a few fast-growing
applications, it is expected that the market for these sensors would grow at
the highest rate during the forecast period.
Consumer
electronics vertical to dominate environmental sensor market during forecast
period
Consumer
electronics vertical is expected to dominate the environmental sensor market.
Environmental sensors have a significant opportunity in the consumer
electronics market. In smartphones and wearable devices, various sensors are
used for environmental sensing. The growth in the consumer electronics vertical
is attributed to the increasing use of environmental sensors in smartphones,
tablets, and wearable devices. MEMS-based environmental sensors are being
implemented in smartphones, tablets, and wearable devices.
APAC to
dominate environmental sensor market during forecast period
APAC is the
fastest-growing region in the environmental sensor market. This region is
likely to continue to hold the largest market and expected to be the
fastest-growing region in the environmental sensor market owing to factors such
as the increasing use of smart devices (e.g., smartphones and smart bands) in
APAC paves the way for growing penetration of environmental sensors in these
smart devices. Increasing pollution levels in APAC countries is set to drive
the growth of the said market. The growth for environmental sensors is also
attributed to the increasing demand for these sensors in verticals such as
medical and healthcare. APAC is the largest end user for HVAC equipment. Growing
construction industry due to increasing population and urbanization drives the
HAVC market, which, in turn, creates demand for the environmental sensors
market.
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Major
players in the environemntal sensor market are Bosch Sensortec (Germany),
Sensirion (Switzerland), AMS AG (Austria), Omron (Japan), Honeywell
International (US), Raritan (US), Siemens (Germany), Texas Instruments (US),
Schneider Electric (France), Amphenol (US), STMicroelectronics (Switzerland),
IDT (US), AVTECH (US), Analog Devices (US), Apogee Instruments (US), TE
Connectivity (Switzerland), NuWave Sensors (Ireland), Elichens (France), Aclima
(US), and Breeze Technologies (Germany).
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USA : 1-888-600-6441
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