The Asia Pacific gas sensor market is poised to witness a growth of 9% in terms of unit shipped due to increasing air pollution levels in China and India as a result of increasing industrialization and the presence of a large number of manufacturing plants. Beijing and Shanghai are the major contributors to the increasingly deteriorating outdoor air quality, exceeding the average particulate matter concentration set by the WHO at an exponential rate in 2017. This is augmenting the use of advanced gas sensors across several industries in China. Furthermore, growing investments in construction, medical, and infrastructure sectors will offer huge growth opportunities to the APAC market due to urbanization.
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Gas sensor market is one among the few vibrant business spheres where innovations and technology quite aptly outline the key to profitability and opportunities. The industry participants are thoroughly investing in research activities to bring product improvisations in terms of advancements and sustainability quotients, that in extension is enhancing the product and commercialization matrix of this fraternity.
The gas sensor market has witnessed significant technological advancements over the past few years. The evolution of printed sensor manufacturing and the demand for flexible electronics have propelled the industry adoption. Several novel gas sensing technologies have emerged in the market including wearable gas sensors, flexible-printed gas sensors, e-nose, wireless gas sensors, carbon nanotubes, and zeolites. PIDs are undergoing improved enhancements and remain a preferred choice for VOC detection. Wearable gas sensors are being developed particularly for military applications.
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The automotive gas sensor market is will reach over USD 1 billion due to an extensive use of these components to meet stringent emission levels and minimize vehicle energy consumption levels. Gas sensors also play a vital role as they offer emission management systems and provide real-time feedback to vehicular fuel, thus reducing the discrepancy between emissions observed in factory tests. Moreover, stringent government regulations across the globe to protect the environment are playing a crucial role in implementing these components in automotive vehicles for both, diesel and gasoline systems.
The major players in the gas sensor market comprise City Technology Ltd., Dynament Ltd., Alphasense, Amphenol Advanced Sensors, Bosch Sensortec GmbH, and Figaro Engineering, Inc.
With the expanding application spectrum of gas sensor market across a myriad range of sectors including consumer electronics, medical, environmental, petrochemical, automotive, industrial and the increasing trend of wireless and miniatured devices, it is overt for this business space to record commendable gains in the ensuing years. Statistics project the global gas sensor market to surpass USD 3 billion by 2024.
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