The Gas Sensors Global Market Report 2023, provides comprehensive information on the gas sensors market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global gas sensor market size is expected to grow from $1.95 billion in 2022 to $2.16 billion in 2023 at a compound annual growth rate (CAGR) of 10.7%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global gas sensor market size is expected to reach $3.11 billion in 2027 at a CAGR of 9.5%.
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Product innovation is a key trend in gaining popularity in the gas sensor market. Major companies operating in the gas sensor market are focused on developing innovative products to strengthen their position in the market. For instance, in March 2021, Robert Bosch GmbH’s Bosch Sensortec, a Germany-based company that manufactures gas sensors and electronic products launched the BME688 sensor. The first air quality MEMS sensor, which effectively creates the smallest four-in-one air quality monitoring system in the world by combining gas, humidity, temperature, and barometric pressure detection with cutting-edge artificial intelligence (AI) capacity. The new BME688 is perfect for cutting-edge, tailored applications like timely forest fire warnings and food deterioration detection by detecting the gases present and monitoring temperature and humidity fluctuations.
The gas sensors market is segmented:
1) By Gas Type: Carbon Monoxide, Methane, Hydrogen, Ammonia, Oxygen, Other Gas Types
2) By Technology: Infrared Gas Sensor, Photo Ionization Sensors, Electrochemical Gas Sensors, Thermal Conductivity Gas Sensors, Metal Oxide-Based Gas Sensor, Catalytic Gas Sensor, Other Technologies
3) By End Use: Defense And Military, Healthcare, Consumer Electronics, Automotive And Transportation, Industrial, Other End Users
Asia-Pacific was the largest region in the gas sensors market in 2022.
The table of contents in TBRC’s gas sensors market report includes:
1. Executive Summary
2. Gas Sensors Market Characteristics
3. Gas Sensors Market Trends And Strategies
4. Gas Sensors Market – Macro Economic Scenario
5. Gas Sensors Market Size And Growth
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26. Africa Gas Sensors Market
27. Gas Sensors Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Gas Sensors Market
29. Gas Sensors Market Future Outlook and Potential Analysis
30. Appendix
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