Gas Sensor Market

Gas sensors can detect a wide range of gases, such as toxic gases, flammable, and combustible gases. They are widely used by various industries such as transportation, food & beverage, metals, chemicals, power stations, and smart cities. Formulation and implementation of various health and safety regulations across the globe and demand for gas sensors from critical industries are some of the factors driving the growth of the gas sensor market. The study also indicates that the gas sensor device manufacturing industry would expect a substantial increase in the gas sensor market due to the rising adoption of gas sensors in consumer electronic devices.

There has been a considerable increase in the demand for gas sensors. The growing market for smart cities and increased adoption in HVAC systems are the driving factors for the growth of the gas sensor market. High development costs of advanced gas sensors and scalability and reliability issues in the deployment of sensors in the system on chip (SoC) would be restraining factors for the gas sensor market.

The gas sensor market has been broadly classified by technology, gas type, and application. By accelerator type, the gas sensor market has been segmented into electrochemical, photoionization detectors (PIDs), solid-state/metal oxide semiconductors, catalytic, infrared, laser, and others. Among these, the electrochemical segment dominated the market in 2018. By gas type, the gas sensor market has been segmented into oxygen, carbon monoxide, carbon dioxide, hydrogen sulfide, nitrogen oxide, methane, hydrogen, and others. The Carbon dioxide segment is expected to grow with the highest CAGR during the forecast period. By application, the market is divided into medical, water & wastewater treatment, aerospace & defense, automotive & transportation, industrial safety, oil & gas, consumer electronics, environmental monitoring, and others. In which, data analytics dominated the market in 2018.

The global gas sensor market comprises various manufacturers, government research firms, universities, and technical institutes that engage in developing and making advancements in the semiconductor industry. The major players considered in the scope of the gas sensor market are City Technology Ltd, Dynament, AlphaSense, Amphenol Corporation, Bosch Sensortec GMBH, AMS AG, SenseAir AB, Figaro Engineering Inc., Membrapor AG, Sensirion AG, and MSA among others. The competition in the gas sensor market is rapidly increasing owing to the entry of new players in the market serving various application areas.