Global Environmental Sensor Market – Analysis and Forecast (2018-2024)

Industry Insights by Type (Temperature, Ultraviolet, Water Quality, Humidity, Integrated, Air Quality and Soil Moisture), by Vertical (Commercial, Consumer Electronics, Healthcare and Pharmaceutical, Enterprise, Industrial, Residential, Government Agencies and Public Utilities and Others), and by Location (Indoor, Portable and Outdoor)

Status : Upcoming
Report Code : VRSME9015
Available Format : PDF
Industry : Semiconductor & Electronics

Industry Overview

Environmental sensor provides reliable data on environmental parameters such as particulate material, volatile organic compounds and humidity. The global environmental sensor market is growing at significant rate, due to strict environmental regulations to decrease air pollution and constant technological developments in IoT and cloud-based services. Different types contributed to the environmental sensor market size. The market has witnessed high demand for integrated environmental sensors in the coming years due to changing inclination from standalone sensors to integrated sensors used to determine dust intensity, humidity, UV radiation, temperature, and other environmental parameters and need for environmental sensors in consumer devices.

Market Segmentation

Insight by Type

On the basis of type the environmental sensor market is subdivided into temperature, ultraviolet, water quality, humidity, integrated, air quality and soil moisture. Among all types, integrated environmental sensors segment is expected to grow at fastest rate in the market, due to changing inclination from standalone sensors to integrated sensors used to determine dust intensity, humidity, UV radiation, temperature, and other environmental parameters, mounting attentions of government and stakeholders in smart city applications and need for environmental sensors in consumer devices.

Insight by Vertical                                          

On the basis of vertical the environmental sensor market is subdivided into commercial, consumer electronics, healthcare and pharmaceutical, enterprise, industrial, residential, government agencies and public utilities and others. Among all verticals, the consumer electronics segment accounted the largest share and is expected to grow at fastest rate in the market due mounting usage of environmental sensors in smartphones, wearable devices and tablets. The consumer electronics is further subdivided into wearable devices, smartphones and tablets.

Insight by Location

On the basis of location the environmental sensor market is subdivided into indoor, portable and outdoor. Among all locations, the portable environmental sensor accounted the largest share and is expected to grow at fastest rate in the market due to mounting environmental regulations to decrease air pollution and mounting health and safety concerns. Portable sensors are used in handheld devices such as fitness band, tablets, wrist band and smartphones.

Industry Dynamics

Growth Drivers

Strict environmental regulations to decrease air pollution, upsurge in air quality monitoring stations, and budding inclination of smart home systems are the primary growth drivers for environmental sensor market. For instance, according to World health Organization (WHO) air pollution is the major environmental risk to health. Moreover, globally in 2016 approximately 4.2 million premature deaths were caused due to outdoor air pollution in cities and rural area.

Mounting alertness towards harmful medical implications of pollution and upsurge in health and safety concerns are also driving the growth of the environmental sensor market. For instance, environmental pollution has several consequences on the human health, such as respiratory, skin ailments, and eye. According to WHO, in 2015 globally approximately 383,000 deaths occurred due to asthma.

Constant technological developments in IoT and cloud-based services, mounting implementation of environmental sensors for consumer products, air purifiers and HVAC, expansion of nanotechnology based environmental monitoring products are the major factors driving the growth of environmental sensor market. For instance, several companies are evolving integrated sensors with innovative technologies, such as IoT, which assist to evaluate the environmental and atmospheric data, consequently changing from standalone systems to cloud-based services.

Challenges

Long-term monitoring of environmental data leading to short life span of sensors, weak pollution control reforms in emerging economies and strict execution requirements of progressive sensor applications are the major challenges for the growth of environmental sensor market.

Industry Ecosystem

Globally industry players are leveraging market growth through launching new products. In addition, the manufacturing companies trying to enter the environmental sensors market are required to maintain stringent regulatory standards. Moreover, the high level of capital requirement also poses a major barrier for the entry of new players. This offers an edge to the established players in the industry competition.

Geographic Overview

Geographically, Asia-Pacific the largest environmental sensor market and is observed to witness fastest growth in the market due to mounting usage of smart devices. In addition, mounting pollution level, mounting urbanization and population, development of various smart cities, and mounting need of sensors in healthcare and medical are also up surging growth of the Asia-Pacific environmental sensor market.

Competitive Insight

Key players in the environmental sensor market are catering the demand by collaborating, and acquiring with small players and investing on technologically advanced product portfolio across the globe. In April 2018, Sensirion introduced SGPC3, the ultra-lower gas sensor which manages indoor air quality detecting for mobile and battery-driven applications. Bosch Sensortec, Honeywell International Inc, Schneider Electric, Sensirion, Texas Instruments, Omron, AMS AG, Siemens AG and Amphenol are the key players offering environmental sensor.

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