23 May 2019, The global environmental
sensor market is set to grow exponentially in the forthcoming years.
Environmental monitoring system or software calculates the real-time climatic
conditions to maintain facility security. The consumer electronics sector is
anticipated to expand exponentially owing to factors such as smart devices such
as tablets and wearable sensors. Rising government interest in developing smart
city applications is further driving the adoption of environmental sensors.
The increasing health safety concerns and stringent regulations to
reduce air pollution are driving the growth of environmental sensor market. A
major shift from the use of standalone devices to integrated sensors, which can
single-handedly measure all the parameters such as UV radiation, humidity,
temperature, and changing climatic conditions are in demand. The market for
integrated and portable sensors is expected to grow at highest CAGR during the
forecast period.
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Environmental sensor market has been categorized into North
America, Europe, South America, the Middle East & Africa, and Asia Pacific
based on the regional segmentation. Upscaling adoption of latest technologies
in the manufacturing of environmental sensors has empowered North America to
emerge as the largest revenue generating region.
The presence of a huge consumer electronics market in
China and Japan has significantly boosted sales in the Asia Pacific region.
Also, the rising awareness related to environmental sustainability is further
driving the growth of the market in this region. Environmental sensor market
has also witnessed huge traction across the healthcare industry. Maintaining
environmentally sustainable workflow in medical institutions and hospitals has
exponentially increased the use of environmental monitoring sensors. The
stringent export reforms in the developing countries is a key restraining
factor and, therefore, it is hampering the market’s further growth.
The market is segmented as portable and fixed sensors
based on product type. A rise in the popularity of smartphones has attributed
to a demand for portable environment sensors. Smart home systems have been
identified as the latest trend and is further propelling the market demand.
Industries such as construction, aviation, oil and gas and
agriculture and the prominent end user of the environmental sensors. Due to the
rising interests of stakeholders and private organizations in installing
environmental monitoring sensors, the market is expected to grow at the highest
rate during the forecast period.
The environmental sensors market is dominated by the
presence of some key players such as ams AG, Powelectrics Texas Instruments
Incorporated, Toshniwal Sensing Devices Pvt. Ltd., Sensirion AG Switzerland,
Eurotech, Omega Engineering Inc., EKO Instruments B.V, Earth Sciences, Raritan
Inc, Winsen NESA Srl, and Servoflo Corporation among others. Adoption of
advanced technologies such as big data, Hadoop and IOT has resulted in a shift
from on-premise systems to integrated sensor services.
The altering market dynamics can be attributed to major
merger and acquisition activities, collaborations and joint ventures amongst
the industry competitors. Powelectrics Texas Instruments Incorporated has launched
high precision digital sensors, which wirelessly communicates with the HVAC
system and monitors a wide range of climatic conditions.
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