The global environmental sensors market is anticipated to grow at a CAGR of 10.2% during the forecast period (2021-2027). The factors that are driving the growth of the global environmental sensors market include rising environmental pollution due to increased industrialization and urbanization, stringent government regulation to reduce pollution levels, and increased funding towards environmental sustainability. For instance, the Indian government has announced INR 637 crore worth National Clean Air Program, to improve the air quality in India. Furthermore, rapid development in sensing technology such as internet of things (IoT) technology and nanotechnology in environmental sensors has boosted their adoption in various applications which include residential, consumer electronics, automotive, industrial, healthcare, and others. Apart from these, the decline in the cost of temperature sensors is projected to create their scope in these verticals during the forecast period.
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Moreover, long-term monitoring of environmental data in environmental sensors can reduce their lifespan, and the quality of the sensors and cost associated with the adoption of new technology in sensors are the major factors that may restrain the growth of the market during the forecast period. Furthermore, with the industry 4.0 developments, and increase in residential & smart city projects, environmental sensors are expected to offer lucrative growth opportunities in the market during the forecast period.
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- Market Coverage
- Market number available for – 2023-2029
- Base year- 2022
- Forecast period- 2023-2029
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Global Environmental Sensor Market Report Segment
By Product Type
- Fixed
- Portable
By Sensing Type
- Humidity
- Temperature
- Gas
- Pressure
By End-User
- Healthcare & Pharmaceutical
- Consumer Electronics
- Industrial
- Automotive
- Others
Global Environmental Sensor Market Report by Region
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
- Latin America
- Middle East & Africa
The Report Covers
- Market value data analysis of 2020 and forecast to 2027.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global environmental sensors market. Based on the availability of data, information related to pipeline products, 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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