According to the new market research report "Environmental Sensor Market with Covid-19 Impact Analysis by Type (Temperature, Humidity, Air Quality, Water Quality, Integrated, UV, Soil Moisture), Location (Indoor, Outdoor, Portable), Application, Vertical, Region - Global Forecast to 2027", published by MarketsandMarkets™, the Environmental Sensor Market size is expected to grow from USD 1.4 billion in 2021 to USD 2.7 billion by 2027, at a CAGR of 10.3%. Increasing health related concerns due to environmental pollution is the primary factor driving the market growth. Moreover, growing adoption of environmental sensors in consumer electronics and government and public utility verticals will drive the demand for this technology in the near future and is expected to play a vital role in the growth of the environmental sensor market.
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The market has
declined in 2020, mainly due to the impact of COVID-19. The supply chain was
disrupted in 2020 due to the lockdown imposed by various governments and labor
shortages in these industries due to travel restrictions, that affected the
environmental sensor market. Though the market was impacted in 2020, it is
expected to fully recover by 2021.
Air quality is
estimated as the fastest-growing type in the said market during the forecast
period
The environmental
sensor market for air quality sensors is expected to grow at the highest CAGR
during the forecast period. The growth in use of air quality monitoring systems
is mainly attributed to rising awareness about indoor and outdoor air pollution
levels and taking considerable measures for their control and minimization.
Increasing awareness about air pollution among the residential and commercial
applications has resulted in the rising adoption of portable air quality
monitors and air quality filters. Furthermore, implementation of various
government projects such as installation of weather monitoring stations for the
purpose of smart city applications is one of the driving factors for market
growth.
Consumer electronics
and residential vertical are estimated to be the fastest-growing market during
the forecast period
The environmental
sensor market for Consumer electronics and residential vertical are expected to
be the fastest-growing markets during the forecast period. The increasing
demand for air quality monitors and filters, temperature sensors, humidity
sensors and others in consumer electronics and residential verticals is one of
the major driving factors for the environmental sensor market. The growth in
the consumer electronics vertical is attributed to the increasing use of
environmental sensors in smartphones, tablets, and wearable devices and rise in
wireless technologies. Growing concerns over the impact of air pollution and
technological advancements, which have resulted in the availability of smart
sensors or air quality monitors at low cost is one of the major driving factors
for the growth of the market in residential applications
Browse in-depth
TOC on "Environmental Sensor Market"
189 – Tables
61 – Figures
231 – Pages
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Asia
Pacific is expected to
grow at the highest rate
The market in APAC
is expected to grow at the highest rate during 2021–2027. The global market
players are experiencing increased demand for environmental sensors from
countries such as China, Japan, India and South Korea. High investments in environmental sensors by
governments in countries such as China and India are also driving the growth of the said
market in APAC. Furthermore, growing urbanization, rising disposable income,
replacement needs, strict energy regulations, and technological innovations
also help to drive the HVAC market, this further creates demand for
environmental sensors in APAC.
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