Global Chemical Sensor Market is valued at USD 25.46 Billion in 2021 and is expected to reach USD 42.23 Billion by 2028 with a CAGR of 7.5% over the forecast period.
A chemical sensor refers to different devices and instruments that are utilized to decide the presence, concentration and amount of an analyte. The analyte is any atom or component that is examined under a chemical condition. The sensors are utilized to change chemical data into analytical signals and give real-time data about a sample. The chemical information additionally shows the presence of different chemical species in the sample. Aside from chemical species, they can likewise follow microorganisms utilizing bio-compounds which have membrane components or nucleic acid like the sensor. Chemical sensor is a device which converts chemical properties of substances like chemical concentration, pH values, and toxicity etc. or physical properties into a measurable form which can be interpreted by humans.Breathalyzer, Carbon monoxide sensor, and electrochemical gas sensor are commonly used chemical sensors. The applications of chemical sensors are found in varied businesses. The major industries which use chemical sensors at great lengths are defense and medical industries.
The Covid-19 pandemic has shown a significant impact on the growth of the global chemical sensor market. The Covid-19 outbreak has slowed the development of several industries, including oil and gas, automobiles, and others. Chemical-based sensors are most frequently utilized in the oil and gas industry. Many existing and prospective projects across the oil and gas business are experiencing problems as far as project planning and execution because of the Covid-19 pandemic, prompting reduced contribution of chemical sensors industry. Covid-19 has led to a pivotal need for oximeters chemical sensors and temperatures thermometer which are typically used to measure oxygen saturation levels that decrease due to Covid-19 infection. Hence, the need for such devices was obligatory which has further improved its demand.
Global Chemical Sensor Market: Global Size, Trends, Competitive, Historical Forecast Analysis to 2022-2028, Rising adoption in healthcare biomedical sector, growing use of the chemical sensor in the automotive industry, and increasing geriatric population are some of the driving factors contributing to the growth of Global Chemical Sensor Market
Some of the key players for global chemical sensor market are
On October 27th2021; Scientists from the Massachusetts Institute of Technology (MIT) in the US had developed another sensor to identify SARS-CoV-2 proteins without antibodies. The new sensor can recognize SARS-CoV-2 proteins with next to no antibodies. The new sensor takes out the need to send the sample to a lab for investigation utilizing antibodies or different reagents and gives results inside five minutes. It was created utilizing carbon nanotube sensor innovation, which was recently evolved in a MIT lab. The carbon nanotubes make sensors that react specific targeted particles when they are enveloped by polymers.
On October 19th2021; a group of scientists at Georgia State University fostered a new methodology for recognizing the action of calcium inside cells. The review exhibits the viability of a red biosensor that can straightforwardly screen calcium at specific areas inside a cell, a revelation that could support better comprehension of the molecular premise of human diseases.
One of the major factors driving the growth of global chemical sensor market is rising adoption in healthcare biomedical sector. Development in the medical industry have brought about expanding utilization of chemical sensors in various clinical devices like wearable and embedded gadgets for the patients. The medical care and the biomedical area are significant markets for chemical sensors, inferable from the growing demand for quick, smaller, exact, and versatile diagnostic sensing systems. Also, nanotechnology has significantly changed the working characteristics of chemical sensors and is acquiring prominence in the market. In Oximeter, a chemical sensor is used to measure oxygen levels as Covid causes hypoxemia, a low level of oxygen. These oximeters are a life saving commodity during the Covid pandemic as low level of oxygen during the Covid pandemic can cause morbidity.
In addition, another major factor supplementing the growth of global chemical sensor market is growing use of chemical sensor in automotive industry. Automobile traffic is the essential wellspring of exhaust gases. The chemical sensors and measurement innovation can support further developing engine performance, expanding energy productivity, and bringing down pollutant outflows. In this way, the rising utilization of chemical sensors in the automotive business is also fostering the market growth. For example; in January 2021, Gentex Corporation, a US-based high innovation electronics organization, presented nanofiber detecting innovation for recognizing a wide range of chemicals, going from explosives to unpredictable organic compounds, with applications in an variety of businesses including aerospace, automotive, and others.
Furthermore, increasing geriatric population also drives the global chemical sensor market. The number and extent of individuals matured 60 years and more seasoned in the populace is increasing. Because of the aging populace and their weakness to diseases, the expanding rate of occurrence of infections is relied upon to increment definitely. This spurs a demand for chemical sensors, as they are utilized for a several clinical applications like blood glucose or blood gas measurements. For example; according to the World Health Organization (WHO), aging population will increment to 1.4 billion by 2030 and 2.1 billion by 2050.
However, the strict performance necessities for advanced sensor application alongside unfortunate life expectancy may hamper the global chemical sensor market growth. In spite of that, increasing advancements in versatile, contracted and low value sensors alongside better measurement system combination can provide various opportunities for the further growth of the global chemical sensor market.
North America is Expected to Dominate the Global Chemical Sensor Market
North America is expected to dominate the global chemical sensor market within the forecast period attributed to the rising geriatric population, advancement in technology and presence of key players in this region. Geriatric population id more prone to various diseases which increases the demand for various medical devices. One of the best examples of a chemical medical sensor is blood sugar level sensor. The blood sugar level sensor measures the interstitial glucose level, and this can be very useful to control the sugar levels. Hence demand of chemical sensor has been increased in number of medical applications. For instance; as indicated by U.S. Census Bureau, there were 54.1M U.S. populace 65 years and older in the 2019. Also, growing technological advancement in the region drives the global chemical sensor market, For example, in June 2018; Honeywell had presented another associated gas detector that had a leak detection feature, in this manner protecting the laborers and offices against lethal harmful and hazardous gas leaks.
Asia Pacific is projected to show a fastest growth in the global chemical sensor market due to increasing prevalence of diabetes other diseases and rising demand from industrial applications in this region. The rising prevalence of diabetes and related sicknesses is additionally expected to build the product interest as chemical sensors are utilized in the manufacturing of blood testing strips. For example; according to a report from the International Diabetes Federation (IDF), one out of 12 grown-ups or in excess of 74 million individuals living in India is diabetes patients. Also, presence of large number of manufacturing companies in the region also drives the market.
|Historical data||2018 - 2021|
|Forecast Period||2021 - 2028|
|Market Size in 2020:||USD 25.46 Billion|
|Base year considered||2020|
|Forecast Period CAGR %:||7.5%|
|Market Size Expected in 2028:||USD USD 42.23 Billion|
|Tables, Charts and Figures:||175|
|Chemical Sensor Companies||ABB Ltd, F., Hoffmann-La Roche Ltd, Siemens AG, Air Test Technologies Inc., Honeywell International, Inc., Halma plc, Denso Corporation, Emerson Electric, Co., The Bosch Group, Delphi Automotive PLC., Alpha MOS, Others|
|Segments Covered||By Type, By End-User|
|Regional Analysis||North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa|