Environmental Sensor Market Executive Summary, Scope of The Report and Forecast up to 2023 report added on ReportsnReports.com. Major players in the Environmental Sensor Market are Bosch Sensortec (Germany), Sensirion (Switzerland), AMS AG (Austria), Omron (Japan), Honeywell International (US), Raritan (US), Siemens (Germany), Texas Instruments (US), Schneider Electric (France), Amphenol (US), STMicroelectronics (Switzerland), IDT (US), AVTECH (US), Analog Devices (US), Apogee Instruments (US), TE Connectivity (Switzerland), NuWave Sensors (Ireland), Elichens (France), Aclima (US), and Breeze Technologies (Germany).
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Key Target Audience
- Component and material providers
- Environmental sensor platform developers
- Environmental sensor and product manufacturers, and suppliers
- Assembly and testing vendors
- Original equipment manufacturers
- Research organizations and consulting companies
- Technology investors
- Associations, alliances, and organizations related to environmental sensors
- Analysts and strategic business planners
- End users
The
environmental sensor market is expected to be valued at USD 1.37 billion in
2018 and is projected to reach USD 2.19 billion by 2023, at a CAGR of 9.9% from
2018 to 2023. Stringent environmental regulations to reduce air pollution and
increase in health and safety concerns would upsurge demand for environmental
monitoring systems. Long-term monitoring of environmental data may lead to
short lifespan of sensors, which remains to be a major restraint affecting the
growth of the environmental sensor market.
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Environmental Sensor Market, by Type:
- Temperature
- Humidity
- Air Quality
- UV
- Integrated
- Soil Moisture
- Water Quality
Market for portable environmental
sensors to grow at faster rate during forecast period
The environmental sensor market for
portable environmental sensors is expected to grow at a highest CAGR during the
forecast period. Portable sensors are mainly used in handheld devices such as
wrist bands, fitness bands, smart phones, and tablets. Due to the increasing
use of portable sensors in a few fast-growing applications, it is expected that
the market for these sensors would grow at the highest CAGR during the forecast
period.
Integrated environmental sensors
expected to grow at highest CAGR for environmental sensor market during
forecast period
Due to rising interests of government
and stakeholders in smart city applications, it is expected that environmental
sensors would be used in environmental monitoring activities on a larger scale.
Many companies are developing integrated sensors with advanced technologies,
such as IoT and Big Data, which helps to analyze the huge amount of
environmental and atmospheric data, thus shifting from standalone systems to
cloud-based services. Humidity, temperature, dust intensity, and UV radiation
sensors are among the commonly used integrated sensors. Environmental sensors
have a significant opportunity in the consumer electronics market. In smart
phones and wearable devices, various sensors such as temperature, air quality,
humidity, gas sensors, UV index, and integrated sensors are used for
environmental sensing that can further contribute considerably to the growing
popularity of MEMS sensors, considering the vast benefits that environmental
sensors have to offer.
APAC to grow at highest rate for
environmental sensor market during forecast period
APAC is likely to continue to hold the
largest market and expected to be the fastest-growing region in the
environmental sensor market owing to factors such as the increasing use of
smart devices (e.g., smart phones and smart bands) in APAC paves the way for
growing penetration of environmental sensors in these smart devices. Increasing
pollution levels in APAC countries is set to drive the growth of the said
market. As per World Health Organization (WHO) data, about one-third premature
deaths are due to indoor and ambient air pollution. Increasing awareness among
people regarding the impact of air pollution on health is creating more demand
for air purifiers, air cleaners, air quality monitors, which, in turn, drives
the growth of environmental sensor market.
- Illustrative segmentation, analysis, and forecast pertaining to the environmental sensor market based on type, vertical, application, location, and region have been conducted to provide an overall view of the market.
- Major drivers, restraints, opportunities, and challenges pertaining to the environmental sensor market have been detailed in this report.
- A detailed competitive landscape of the key players(along with their revenues) in the market has been included in this report.
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