Market Leadership - Environmental Sensor Market
The global environmental sensor market size is projected to grow from USD 1.4 billion in 2021 to USD 2.7 billion by 2027, at a CAGR of 10.3%. The market declined in 2020, mainly due to the impact of COVID-19. The supply chain disruption caused by the pandemic is expected to affect the market significantly. Also, due to lockdown restrictions, companies were not able to source the required labor for their operations due to travel restrictions.
Though the market was impacted in 2020, it is expected to fully recover by 2021. Increasing health related concerns due to environmental pollution is the primary factor driving the market growth. Ongoing technological advancements in IOT and stringent environmental regulations imposed by various governments to reduce air pollution will drive the demand for this technology in the near future and is expected to play a vital role in the growth of the environmental sensor market.
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Bosch Sensortec (Germany), Sensirion (Switzerland), ams AG ( Austria), OMRON (Japan), Honeywell (US), Raritan (US), Siemens (Germany), Texas Instruments (US), Schneider Electric (France), Amphenol (US), STMicroelectronics (Switzerland), Aeroqual (New Zealand), Alphasense (England), AVTECH (US), Analog Devices (US), Apogee Instruments (US), Breeze Technologies (Germany). Develco Products (Denmark), Elichens (France), Figaro Engineering (Japan), NuWave Sensor Technology (Ireland), Renesas (Japan), RioT Technology (Canada), TE Connectivity (Switzerland).are the key players in the environmental sensor market.
The environmental sensor market is competitive, owing to the presence of several players. Key strategies adopted by these players to expand their product portfolio, increase their market share, and expand their presence in the market are deals and product launches. Many market players adopted product launches and deals as their primary business strategies. For instance, in May 2021, Sensirion announced its new partnership with Burnon International, a leading IC products distributor and solutions provider in China. Under the distribution agreement, Burnon International is authorized to sell Sensirion products to its customers. With this new distributor on board, Sensirion strengthens its distribution network in China. For instance, in March 2021, Bosch Sensortec has announced the launch of BME688, the world’s smallest four-in-one air quality measurement solution. It is the first air quality MEMS sensor that combines gas, humidity, temperature, and barometric pressure sensing with innovative artificial intelligence (AI) capability
Bosch Sensortec is one of the key global providers of microelectromechanical systems (MEMS) sensors. It is a fully owned subsidiary of Robert Bosch GmbH. The company offers micromechanical sensors, application, and foundry services for consumer electronics, security systems, logistics markets, and environment monitoring systems and sensors. In the environment sensors category, the company offers humidity sensors, barometric pressure sensors and gas sensors that add gas measurement for air quality monitoring to improve health and well-being of people. The most common environmental sensors offered by the company includes barometric pressure sensors and integrated environmental sensors. The company mainly focuses on developing smart products and environmental sensors with innovative and upcoming technologies.The company has its reach globally expanding its product offerings in North America, APAC, Europe and ROW.
Sensirion operates as a single operating and reporting segment that encompasses the development, production, sale, and servicing of sensor systems, modules, and components. But the product and revenue is segmented as per its end markets. The company offers diverse product line such as environmental sensors (humidity sensors, temperature sensors, gas sensors, particulate matter sensors (PM2.5), and carbon dioxide sensors (CO2)) and flow sensors (liquid flow meters, mass flow meters for gases, mass flow controllers for gases, gas meter modules, and differential pressure sensors). These products are used in automotive, medical devices, HVAC, industrial, smart energy, Internet of Things (IoT), and consumer goods. The company serves a large and growing worldwide customer base through an extensive distributor network and global operations across different continents.
Related Reports:
Environmental Sensor Market with Covid-19 Impact Analysis by Type (Temperature, Humidity, Air Quality, Water Quality, Integrated, UV, Soil Moisture), Location (Indoor, Outdoor, Portable), Application, Vertical, Region - Global Forecast to 2027
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