The global market for environmental sensor was estimated at USD 1.13 billion in the year 2017 and seems to show the potential of reaching a valuation of USD 1.99 billion by 2023, says Market Research Future (MRFR). During the forecast period (2018-2023), the market can garner a growth rate of 10.21%, adds MRFR in its latest report.
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InviSense AB is all set to partner with Ynvisible Interactive Inc., making the latter the manufacturing partner for the former’s mushrooming range of humidity sensors. It is expected that the preliminary result can be the roll-to-roll production along with the delivery of humidity sensor that can be used on flat roofs.
Top companies shaping the worldwide market for environmental sensor include Sensirion AG (Switzerland), Texas Instruments Incorporated (US), Schneider Electric (France), Bosch Sensortec GmbH (Germany), Raritan Inc. (US), Siemens AG (Germany), OMRON Corporation (Japan), Honeywell International Inc. (US), ams AG (Austria), ABB Ltd. (Switzerland), and others.
The other players that control nearly 35-40 % of the environmental sensor market are Aclima (US), Breeze Technologies (Germany), STMicroelectronics (Switzerland), AVTECH (US), Analog Devices (US), NuWave Sensors (Ireland), Freescale Semiconductor Inc. (US), Amphenol (US), IDT (US), Elichens (France), Apogee Instruments (US), TE Connectivity (Switzerland), to name a few.
Primary Market Boosters and Top Challenges
Latest technological progress in the miniaturization of various electronics products as well as wireless communication technology has given way to advancements in environmental sensor networks (ESN) all over the world. Environmental monitoring program is a major technique that helps protect the environment as well as the public from harmful pathogens and contaminants that are generally released into various media like air, soil, and water.
Environmental sensors are used in a number of applications, including forest fire detection, greenhouse gas, landslide detection (GHG) monitoring and air pollution monitoring among others. In addition, humidity and temperature air quality control enjoy the highest demand in the environmental sensors market, used mostly by end-use industries like ambient gas monitoring, water quality monitoring, and greenhouse gases emission and monitoring, among others. As a consequence of this, the market for environmental sensor can note rapid growth in the ensuing years.
Soaring demand from the agriculture sector and several industrial sectors can boost the demand for a variety of environmental sensors in the years ahead. The greenhouse gas sensing application holds a lot of growth potential and can expand at a better rate in the near future.
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Type and end-user are the primary segments enlisted in the MRFR report, as per which the study of the global environmental sensor market has been conducted for the review period.
Given the type category, the market segments are pressure sensors, humidity sensors, temperature sensors, chemical sensors, water quality sensors, smoke sensors, gas sensors, and others.
The end-users in the market are commercial, industrial, government, automotive, residential, and healthcare & life sciences, consumer electronics, and others. The types of consumer electronics mentioned in the report are wearable devices and smartphones & tablets.
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