24 December 2019 - The Global Environmental
Sensor Market is set to grow
exponentially in the forthcoming years. Environmental monitoring system or
software calculates the real-time climatic conditions to maintain facility
security. The consumer electronics sector is anticipated to expand
exponentially owing to factors such as smart devices such as tablets and
wearable sensors. Rising government interest in developing smart city
applications is further driving the adoption of environmental sensors.
The
increasing health safety concerns and stringent regulations to reduce air
pollution are driving the growth of environmental sensor market. A major shift
from the use of standalone devices to integrated sensors, which can
single-handedly measure all the parameters such as UV radiation, humidity,
temperature, and changing climatic conditions are in demand. The market for
integrated and portable sensors is expected to grow at highest CAGR during the
forecast period.
Environmental
sensor market has been categorized into North America, Europe, South America,
the Middle East & Africa, and Asia Pacific based on the regional
segmentation. Upscaling adoption of latest technologies in the manufacturing of
environmental sensors has empowered North America to emerge as the largest
revenue generating region.
The
presence of a huge consumer electronics market in China and Japan has
significantly boosted sales in the Asia Pacific region. Also, the rising
awareness related to environmental sustainability is further driving the growth
of the market in this region. Environmental sensor market has also witnessed
huge traction across the healthcare industry. Maintaining environmentally
sustainable workflow in medical institutions and hospitals has exponentially
increased the use of environmental monitoring sensors. The stringent export
reforms in the developing countries is a key restraining factor and, therefore,
it is hampering the market’s further growth.
The
market is segmented as portable and fixed sensors based on product type. A rise
in the popularity of smartphones has attributed to a demand for portable
environment sensors. Smart home systems have been identified as the latest
trend and is further propelling the market demand.
Industries
such as construction, aviation, oil and gas and agriculture and the prominent
end user of the environmental sensors. Due to the rising interests of
stakeholders and private organizations in installing environmental monitoring
sensors, the market is expected to grow at the highest rate during the forecast
period.
The
environmental sensors market is dominated by the presence of some key players
such as ams AG, Powelectrics Texas Instruments Incorporated, Toshniwal Sensing
Devices Pvt. Ltd., Sensirion AG Switzerland, Eurotech, Omega Engineering Inc.,
EKO Instruments B.V, Earth Sciences, Raritan Inc, Winsen NESA Srl, and Servoflo
Corporation among others. Adoption of advanced technologies such as big data,
Hadoop and IOT has resulted in a shift from on-premise systems to integrated
sensor services.
The
altering market dynamics can be attributed to major merger and acquisition
activities, collaborations and joint ventures amongst the industry competitors.
Powelectrics Texas Instruments Incorporated has launched high precision digital
sensors, which wirelessly communicates with the HVAC system and monitors a wide
range of climatic conditions.
Market Segment:
Leading players of Environmental Sensor
including:
•
Foobot
•
Airbeam (AirCasting)
•
Nest
•
Air Guard K
•
Air Mentor
•
Laser Egg
•
PRANUS
•
Sensology
•
birdi
•
CubeSensors
•
Haier
•
moji
•
uhoo
Market split by Type, can be divided
into:
•
Signal-Gas Environmental Sensor
•
Multi-Gas Environmental Sensor
Market split by Application, can be
divided into:
•
Industrial
•
Commercial
•
Residential
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