Global Chemical Sensor Market 2018-2023 – Segmented by Product Type and End-user Industry – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The "Global
Chemical Sensor Market – Segmented by Product Type (Electrochemical,
Optical, and Pellistor/Catalytic Bead), End-user Industry, and Region –
Growth, Trends, and Forecast (2018 – 2023)" report has been
added to ResearchAndMarkets.com's offering.

The global chemical sensor market was valued at USD 18.56 billion in
2017, and is expected to reach a value of USD 28.16 billion by 2023 at a
CAGR of 7.20%, over the forecast period (2018-2023).

The rising levels of pollution have supported the demand for chemical
sensors. Low-cost and portable nature of chemical sensors are expected
to fuel the growth of the market, during the forecast period. Apart from
the environmental concerns, the use of chemical sensors for analytes in
the chemical industrial process is also integrating into the market.
Defense sector, research labs, and healthcare operation are utilizing
sensors as advanced tools, which are in turn driving the market.

Optical chemical sensor demand is expected to rise at a steady pace.
Greater adoption of cabin air quality systems in vehicles and increased
use of demand control ventilation in commercial properties are expected
to drive the market. Additionally, due to the expanding economy and
regulations on air and water quality, it is expected to bolster the
market. However, faster growth of optical sensors will be limited by
declining automobile emissions testing, due to decreasing number of
vehicles that need to be tested via the tailpipe.

Rising demand for the next generation of clinical diagnostic, measuring
and monitoring sensors for applications in implantable and wearable
devices, have created opportunities with exponential growth potential.
Lower raw material costs and advent of nano and micro fabrication
techniques within the industrial manufacturing process have led to
substantial increase in the commercialization of chemical sensors for
healthcare applications, and is expected to stay steady during the
forecast period.

North America and Europe are the leading regions in terms of overall
demand for chemical sensors. The concerning pollution levels in China,
India, and other Asia-Pacific countries are also driving the demand for
chemical sensors.

Key Topics Covered

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamics

5. Technology Snapshot

6. Chemical Sensors Market Segmentation, by End-user Industry

7. Chemical Sensors Market Segmentation, by Geography

8. Chemical Sensors Market – Company Profiles

• AirTest Technologies Inc.
• Digital Control Systems
• General Electric
• Hans Turck GmbH & Co. KG
• Honeywell Analytics
• MSA Safety
• Pepperl+Fuchs
• SICK AG
• SenseAir
• Smiths Detection Inc.

9. Investment Analysis

10. Future of the Chemical Sensors Market

For more information about this report visit https://www.researchandmarkets.com/research/bflmnj/global_chemical?w=4

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Related
Topics: Electrical
Engineering, Optical
Sensors, Gas
and Chemical Sensors