The global environmental sensor market is anticipated to grow at a CAGR of 10.2% during the forecast period (2024-2031). The global environmental sensor market is majorly driven by the factors such as technological advancements in IoT and cloud-based services and the growing adoption of environmental sensors in products such as consumer devices, HVAC, and government and public utility verticals. Furthermore, the stringent government regulations to reduce the air pollution due to health and safety concern has accelerated the adoption of environmental sensors and this is the major factor driving the global market. In addition, rising investments in environmental management, and growing initiatives for environmental protection by the governments of various economies are also boosting the market growth. For instance, in 2020, Environment Program provided funding of $ 74.2 million, or 15%, of the UN Environment Programme’s (UNEP) total income for environment development and management. Moreover, in July 2019, India has joined the Climate & Clean Air Coalition (CCAC) initiative to adopt cleaner energy sustainable production and consumption patterns and environment-friendly transport, agriculture, industry, and waste management to promote clean air. Apart from these, in 2017, the Central Government of India announced that from 2030, all new vehicles sold in the country would be electric.
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Apart from these, the market is also driven by the presence of major players. The introduction of the new and advanced environmental sensor by major players also supports market growth. For instance, in December 2020, Renesas Electronics Corp, one of the premier suppliers of advanced semiconductor solutions has expanded its popular ZMOD4410 Indoor Air Quality (IAQ) sensor platform with the industry’s first software-configurable IP67-qualified waterproof option for IAQ applications operating in wet or dirty environments. Moreover,in June 2020, SiemensMobility Ltd., a subsidiary of Siemens has launched Zephyr, a real-time integrated air quality monitoring system traffic management application. Through this new launch, the company has demonstratedits commitment to further reduce air pollution. Similarly, in September 2019, Integrated Device Technology, Inc. (IDT), a wholly-owned subsidiary of Renesas Electronics Corp. has introduced the first software-upgradeable, digital outdoor air quality ZMOD4510 sensor for high volume applications.
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Market Coverage
- Segment Covered-
o By Product Type
o By Sensing Type
o By End-User
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Amphenol Advanced Sensors, ams AG, Bosch Sensortec GmbH, Honeywell International Inc., Omron Corp, Raritan Inc, Schneider Electric, Sensirion, Siemens AG, Texas Instruments, among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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
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