ENVIRONMENTAL SENSORS MARKET ANALYSIS

Environmental sensors are connected objects that can provide a variety of information, including location, position, an individual's movements, and contextual elements that can be compared to data collected via sensors embedded on or implanted in an individual. The use of sensors to monitor the environment has grown in popularity over the past few decades. Environmental phenomena such as weather and storms, volcanoes, air quality, agriculture systems, forests, and ecological systems can be monitored using these sensors. Environmental sensors such as biological or chemical sensors are more efficient and lightweight, and they can be used in remote areas. Environmental sensors are commonly used to monitor infrastructure and the environment. Sensors that can detect parameters that characterise air quality and dissolved components in water are required in most environmental monitoring applications. Commercially accessible sensors for detecting water quality factors including pH, conductivity, dissolved oxygen, and turbidity are available.

Global Environmental Sensors Market - Impact of Coronavirus (Covid-19) Pandemic

The coronavirus pandemic has created a global economic slowdown and has had an impact on a variety of businesses. China is the largest raw material supplier. COVID-19 has affected China's supply chain due to travel restrictions. This has affected the Indian manufacturing industry, particularly in the areas of automobile and electronics. Factory closure due to halt in manufacturing and shortage of workforce in the industry across the globe has negatively impacted the environmental sensors market growth. The demand for environmental sensors has also decreased among end users. In a post-pandemic scenario, the growth rate is expected to return to its previous level. Many industries are adopting Industry 4.0 and Internet of Things (IoT) technologies, which is expected to accelerate the growth of environmental sensors market and the market is projected to fully recover by the end of 2021.

Factors Driving Growth of the Global Environmental Sensors Market:

The public, corporate, and government sectors are projected to benefit greatly from the increasing global need for environmental sensing technology. The global market for environmental sensing and monitoring technologies is being driven by advancements in sensing technology and growing government expenditures for environmental management. Environmental sensing technologies are widely utilized to detect a variety of environmental changes, including natural disasters, climate change, water quality, air quality, soil quality, and noise levels. Environmental monitoring technologies are also used in a wide range of important applications, including greenhouse gas monitoring, landslide detection, fire detection, and air pollution monitoring.

The global environmental sensors market is being driven by growing population, global climate change, increased awareness about the need to reduce pollution, increased global investment in environmental management, and the rapidly expanding Internet of Things (IoT) technology. The environmental sensors market growth is accelerated by the implementation of national policies by emerging economies to reduce pollution emissions, continuous technological advancements in sensing technologies, and increased investment in advanced research to develop new monitoring technologies.

The market for environmental sensors is being held back by lack of knowledge about new technologies, budgetary restrictions to adopt new technology, and disparities in standards and regularity models. The environmental sensors market is likely to have substantial development prospects in the future, as pollution levels rise year after year as a result of increased air travel and vehicles, among other factors. The growing number of government programs to reduce pollution is driving the market for environmental sensors. A major driving factor for the market growth is the expansion of industrial growth with Industry 4.0. Furthermore, with the Industry 4.0 developments, environmental sensors are expected to obtain the benefits of multiple automation and smart city initiatives, collectively. For instance, machine-to-machine (M2M) is expected to include interaction between technologies such as factory floor sensors, to enhance the manufacturing processes and safety.

Trends of the Global Environmental Sensors Market:

New product releases are being accompanied by an increase in research efforts, which is driving the growth of environmental sensors market. In e-medicine scenarios, there are three common types of monitoring at home. Medical monitoring, alert detection, and activities monitoring. Also, the environmental sensors market is expected to be driven by smart home initiatives and the smart home trend, like the green building movement, strives to reduce carbon footprint, save energy and water, implement renewable energy sources, and create an aesthetically and thermally comfortable interior environment. In India, the smart home market is rapidly developing. Smart houses were initially promoted as residences with improved security systems. Lighting systems, gas leakage detectors, fire detection systems, entertainment systems, and energy efficiency systems are now part of the market's evolution. As a result, the rise of smart homes will have a beneficial impact on the economy.

Significant developments in sensor technology are being driven by continuous innovation on a range of aspects. New materials, sensing techniques, manufacturing, and packaging techniques have all contributed to considerable cost reductions as well as improved sensitivity. Improved sensor performance was obtained while simultaneously lowering the sensor's physical size and power consumption needs. Another technological development that is now gaining traction is the integration of many sensors into a single device for mass application.

Global Environmental Sensors Market – Regional Insights

The Asia Pacific region is expected to grow at the fastest rate. Asia Pacific is the world's fastest-growing economic area. Smart cities, driverless cars, IoT applications, home automation, industrial automation, intelligent processing technologies, and other smart technologies are rapidly proliferating throughout the region. Market expansion is likely to be fueled by such reasons. Also, the increased government initiatives to reduce pollution levels, increased government funding for pollution control and monitoring, ongoing installations of environmental monitoring stations, and growing initiatives to develop environmentally friendly industries are some of the key factors driving the global market's growth. In January 2019, India introduced National Clean Air Program (NCAP). NCAP is working to improve the national air quality monitoring network, increase air pollution management capability, and raise public knowledge about the hazards of air pollution. Low-cost air quality sensors were officially mentioned for the first time in NCAP as a possible alternative monitoring technology. Asia Pacific is expected to be a very attractive market for environmental sensors due to the large-scale industrialization in Asia Pacific region. A growing number of consumer electronics firms are focusing on expanding their operations and production facilities across Asia Pacific.

North America region is one of the largest and growing market for environmental sensors. North America is the most technologically advanced region, wherein sensors for monitoring environmental impacts are increasingly being integrated. The environmental sensors market in this region is being driven by growing businesses and stringent environmental laws.

Key Players in the Global Environmental Sensors Market:

Key players operating in the global environmental sensors market include STMicroectronic, NXP Semiconductor, AMS AG, Honeywell International, Inc., Sensirion, Knowles Electronics, LLC., Omron Engineering Inc., Winsen, Agilent technologies Inc., NuWave Sensors, Texas Instruments, HORIBA, Analog Devices, Teledyne Technologies Incorporated, Bosch Sensortec, Valeo, and AQ Elteknik AB.

Global Environmental Sensors Market: Taxonomy

The global environmental sensors market is segmented into:

By Sensors Type:

• Humidity Sensor
• Temperature Sensor
• Gas Sensor
• Pressure Sensor
• Others

By Product Type:

• Portable
• Fixed

By End Use:

• Commercial
• Automotive
• Healthcare & Pharmaceutical
• Consumer Electronics
• Water & Wastewater
• Government Agencies
• Other

By Region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa