The global chemical sensors market is projected to witness significant growth over the next seven years owing to the increase in application across end-use industries such as motor vehicles, medical and processing industries. Chemical sensors are used in oxygen, motor vehicle sensors, food & beverage processing industry, chemical processing industry, industrial safety & emission, industrial safety systems, emissions monitoring, water & wastewater, automotive emissions testing, environmental monitoring, defense, and homeland security. Chemical sensors are also used in fertility treatments, portable glucose monitors, cancer diagnosis, renal failure diagnosis, drug and alcohol abuse diagnosis, and blood sugar testing strips. Increasing quick and accurate detection processes is expected to drive diagnosis application in the medical sector which in turn is expected to augment the market.
Light vehicle production rebound coupled with increasing high-cost universal exhaust gas oxygen (UEGO) sensors demand in order to improvise on fuel efficiency and performance is anticipated to complement chemical sensors market growth over the forecast period. Enhanced chemical sensors performance due to technological advancements coupled with high unit volume demand owing to low prices is slated to propel the market growth. Small analytical range and specific sample requirement in order to catch signals in expected to impede the market growth and pose challenges to industry participants over the forecast period. Technological upgradation in order to cure these limitations is projected to create immense opportunities for industry participants over the forecast period.
The market can be classified on the basis of technology as semiconductor, catalytic bead, optical and electrochemical. Optical and semiconductor sensors are expected to witness considerable growth rate owing to increasing demand for control ventilation usage in commercial properties and growing cabin air quality systems adaption in motor vehicles. Optical and semiconductor sensors demand acceleration can be attributed to ongoing strictness towards air and water quality standards coupled with an expanding economy. Optical sensors, together with products based on fiber optic, photoionization, fluorescence, infrared, chemiluminescence, laser and ultraviolet technologies, and the light-emitting diode is expected to see substantial gains over the forecast period. These aforementioned products are expected to grow owing to benefits from its high sensitivity, immunity to interference, product improvements such as smaller size & enhanced ruggedness and stability.
Biosensors are slated to offer ample opportunities due to increasing diabetes prevalence in the population coupled with growing home & point-of-care testing and monitoring tools demand. However, the sensors market witnessing a significant growth rate is expected to slow down a bit due to declining automobile emission testing. This is due to falling number of vehicles that require to be tested through tailpipe. Semiconductor sensors market, although from a small base, is expected to grow owing to its high performance and low cost driven by applications, like optical sensors, in-cabin air quality control systems. Electrochemical sensors are anticipated to observe the fastest growth in the market owing to signs of recovery in the manufacturing industry.
North America and Europe are anticipated to witness significant market growth owing to changes within end-use industries such as the motor vehicle industry. For instance, increasing direct gasoline injection and turbocharged engines by vehicle manufacturers is projected to drive the chemical sensors market growth in North America and Europe. This is done in order to comply with federal corporate fuel economy requirements which in turn will mandate high-cost UEGO sensors expanded growth in the region. Increasing shift in product mix towards high-cost sensors coupled with increasing nitrogen oxide and ammonia sensor demand due to truck production rebound is slated to complement the market growth in the region over the forecast period. Asia Pacific is expected to witness the fastest growth due to growing medical and automotive industry in the region. Increasing awareness regarding health issues coupled with expanding population and number of vehicles in countries such as China and India is anticipated to drive the market growth in Asia Pacific over the forecast period.
Emerging technological developments are expected to increase chemical sensors market penetration and in turn, provide better solutions across end-user industries. Manufacturers are anticipated to introduce price-friendly, portable, and contracted sensors variations which will provide better measurement systems integration. The market is highly fragmented with key players including 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, 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.
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