Chemical sensor market is anticipated to grow at a considerable CAGR of 7.2% during the forecast period (2024-2031). Chemical sensors are devices that detect and convert chemical information (such as concentration, pressure, activity of particles) into an electrical signal to obtain qualitative or quantitative time- and spatial-resolved information about specific chemical components. The high application of these sensors in the end-user industries is a key factor driving the growth of the global chemical sensor market.
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Technological advancements such as emergence of nanotechnology micro-electromechanical system (MEMS), and AI are shaping the global chemical sensor market. Miniaturization and improved sensitivity of sensors have led to them in integration in devices of various shapes, enhancing their capabilities. The adoption of smart sensors with wireless connectivity and data analytics is a current market trend. In October 2023, the UK Ministry of Defense (MoD) has awarded Smiths Detection an 88-million-pound ($107.6 million) contract to develop and deliver next-generation chemical sensors for the British armed forces. The project supports the UK’s effort to modernize its military’s chemical detecting capabilities, sustaining awareness over numerous hazardous materials and ensuring immediate action to protect defense personnel as well as civilians.
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- Market Coverage
- Market number available for – 2024-2030
- Base year- 2023
- Forecast period- 2024-2030
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Chemical Sensor Market by Type
- Electrochemical
- Optical
- Pellistor/Catalytic Bead
- Other (Magnetic)
Global Chemical Sensor Market by End-User Industry
- Industrial
- Healthcare
- Environmental Monitoring
- Defense
- Oil & Gas Industry
Regional Analysis
- North America
- United States
- Canada
- Europe
- UK
- Germany
- Italy
- Spain
- France
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
- Rest of the World
Company Profiles
- ABB Ltd.
- AirTest Technologies Inc.
- Alpha MOS
- Delphi Automotive PLC
- Denso Corp.
- Emerson Process Management
- Halma plc.
- Hoffman La-Roche
- Nova Biochemical Corp.
- Siemens AG
- Smiths Detection Inc.
- Yokogawa Electric Corp.
The Report Covers
- Market value data analysis of 2023and forecast to 2031.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global chemical sensor market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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