Asia Pacific Chemical Sensors Market

Asia Pacific Chemical Sensors Market by Product Type (Electrochemical, Optical, Pellistor/Catalytic Bead), Application (Industrial, Medical, Environmental Monitoring, Defense and Homeland Security) and Country (China, India, Japan, South Korea and Other countries) - Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021-2028

  • Report ID: ICT-SE-884
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 2
  • No. Of Pages: 160
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Asia Pacific chemical sensors market is estimated to register a substantial CAGR during the forecast period, 2021–2028. The growth of the market is attributed to increasing environmental risks. The rising amount of pollutants released into the air entail the rapid demand for chemical sensors. Superior applicability of sensors in the analyzing chemical composition of various samples is influencing adoption of chemical sensors. Higher chemical sensing array and orthogonal sensors are key factors that are shaping up the global market. Portable nature and Low cost of chemical sensors is also expected to drive the growth of chemical sensors market during the forecast period.

Asia Pacific Chemical Sensors Market Key Takeaways

The devices which transform the chemical information into an analytically useful signal are known as chemical sensors and are used in detecting and sensing parameters across several industries, such as medical, industrial, environmental monitoring and others in the Asia-pacific region with various market products such as optical, electrochemical, and pellistor/catalytic bead. Chemical sensors are also used in chemical industrial processes & defense sector, research labs and healthcare operation, which in turn, are boosting the demand in the global chemical sensors market.

The Covid-19 pandemic had an unpleasant impact on the chemical sensors market. The industrial unit has been shut down temporarily, the demand for the market had slow down; however, the government’s steps and strategies have helped to neutralised the situation. This pandemic has encouraged the key players to implement advance technologies to overcome these challenges and expand the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Growing usage of chemical sensors in indoor monitoring and homeland security applications is estimated to drive to market expansion in coming years.
  • Pervasive usage in the pharmaceutical, chemical, defence, security, food, biomedical, and clinical processes is likely to fuel the demand of chemical sensors.
  • Integrations of chemical sponsors in electronics, computers, processing tools and novel designs of upcoming industrial machines is expected to propel the growth of chemical sensors market during the forecast period.
  • Developments in portable electrochemical and miniaturised sensors are driving the market.
  • Rising investments in new plants in gas and oil is fuelling the market. Precise monitoring of environmental pollutants has become foremost threat owing to expeditious advancement in the oil industry in recent times. Many gas and oil companies uplift the adoption of electrochemical sensors, as they can detect a distinct kind of gas with high accuracy, even identify the smallest leak.
  • Nanoparticles (NPs) for electrochemical sensing are appearing as vital tools for pollutant monitoring such as polyphenols, hydrocarbon, and toxic gases produced by the oil industry.
  • Chemical sensors are selective and sensitive in nature, upon continuous exposure to haphazard materials and chemicals, the sensitivity of the sensors will degrade. This will result in the persisting replacement of chemical sensors, and create a despise environment for the end-users. Thereby, it is projected to impede the market growth.
  • R&D investment and technological advancement in chemical sensors market are expected to offer lucrative opportunities for the market players.

Scope of the Report

The report on the Asia Pacific chemical sensors market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Chemical Sensors Market - Asia Pacific Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Product Type (Electrochemical, Optical, Pellistor/Catalytic Bead) Application (Industrial, Medical, Environmental Monitoring, Defense and Homeland Security)

Country

China, India, Japan, South Korea and Other countries

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

AirTest Technologies Inc., Smiths Detection Inc., General Electric Company, Honeywell International Inc. and Siemens AG


Market Segment insights

The electrochemical segment is projected to constitute a large market share
Based on product type, the chemical sensors market is segregated into electrochemical, optical, pellistor/catalytic bead. The electrochemical segment is expected to account for a key share of the market during the forecast period owing to the rapid pace of development in microelectronics and micro-fabrication technologies that call for miniaturized chemical sensors.

Asia Pacific Chemical Sensors Market By Product Type

Medical segment is expected to register a substantial CAGR
Based on application, the chemical sensors market is divided into industrial, medical, environmental monitoring, defense and homeland security. The medical segment accounts for a key share of the market and is estimated to propel even further over the forecast period owing to the technological advancements in clinical diagnostic, measuring, and monitoring sensors that are deployed in implantable and wearable devices. The rising demand for compact, rapid, accurate, and portable diagnostic sensing system have further created lucrative opportunities for market growth. It produces enough power to operate an organic electrochemical transistor. The researcher’s claims that the innovation could pave the way for the development of low-cost, stable biofuel cells which is likely to power other electronic devices.

Government bodies are investing in developing effective diagnostic techniques. For instance,

  • The Ministry of Health Labour and Welfare (MHLW) in Japan announced national reimbursement for the FreeStyle Libre glucose monitoring system. This restored the chemical sensors adoption in the healthcare sector.

  • In December 2019, researchers, including Indian scientists from the CSIR-Central Electrochemical Research Institute (CSIR-CECRI) have invented a semiconductor-based sensor that can concurrently detect glucose and generate power from bodily fluids. The sensor will be useful for the early diagnosis of diabetes and other related metabolic disorders.

On the other hand, defense and homeland security segment is anticipated to expand at a rapid pace during the forecast period owing to early warning and protection of military forces against potential biological and chemical attacks. Existing sensor systems are expensive, often slow, lab-based, unwieldy, and usually lack sufficient selectivity and sensitivity while chemical detection. Among a variety of detection methods that have been developed, electrochemical sensors offer the unrivalled merits of specificity, high sensitivity, and operational simplicity. Furthermore, rising investments being made in R&D activities and the advent of advanced new generation nanosensors, equipment that aids in the detection of toxic gases such as anthrax is expected to have a positive impact on the market.

Asia Pacific Chemical Sensors Market By Applications

China is expected to dominate the market
In terms of country, the market is broadly classified as China, India, Japan, South Korea and Other countries. China is anticipated to expand at a robust CAGR during the forecast period. The advancement of technology and rising investment in this region are anticipated to boost the market growth over the coming years.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Chemical Sensors Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Chemical Sensors Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Chemical Sensors Market - Supply Chain
  4.5. Global Chemical Sensors Market Forecast
     4.5.1. Chemical Sensors Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Chemical Sensors Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Chemical Sensors Market Absolute $ Opportunity
5. Global Chemical Sensors Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Chemical Sensors Market Size and Volume Forecast by Applications
     5.3.1. Industrial
     5.3.2. Medical
     5.3.3. Environmental Monitoring
     5.3.4. Defense and Homeland Security
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Chemical Sensors Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Chemical Sensors Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Chemical Sensors Demand Share Forecast, 2019-2026
7. North America Chemical Sensors Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Chemical Sensors Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Chemical Sensors Market Size and Volume Forecast by Applications
     7.4.1. Industrial
     7.4.2. Medical
     7.4.3. Environmental Monitoring
     7.4.4. Defense and Homeland Security
  7.5. Basis Point Share (BPS) Analysis by Applications
  7.6. Y-o-Y Growth Projections by Applications
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Chemical Sensors Demand Share Forecast, 2019-2026
8. Latin America Chemical Sensors Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Chemical Sensors Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Chemical Sensors Market Size and Volume Forecast by Applications
     8.4.1. Industrial
     8.4.2. Medical
     8.4.3. Environmental Monitoring
     8.4.4. Defense and Homeland Security
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Chemical Sensors Demand Share Forecast, 2019-2026
9. Europe Chemical Sensors Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Chemical Sensors Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Chemical Sensors Market Size and Volume Forecast by Applications
     9.4.1. Industrial
     9.4.2. Medical
     9.4.3. Environmental Monitoring
     9.4.4. Defense and Homeland Security
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Chemical Sensors Demand Share Forecast, 2019-2026
10. Asia Pacific Chemical Sensors Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Chemical Sensors Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Chemical Sensors Market Size and Volume Forecast by Applications
     10.4.1. Industrial
     10.4.2. Medical
     10.4.3. Environmental Monitoring
     10.4.4. Defense and Homeland Security
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Chemical Sensors Demand Share Forecast, 2019-2026
11. Middle East & Africa Chemical Sensors Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Chemical Sensors Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Chemical Sensors Market Size and Volume Forecast by Applications
     11.4.1. Industrial
     11.4.2. Medical
     11.4.3. Environmental Monitoring
     11.4.4. Defense and Homeland Security
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Chemical Sensors Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Chemical Sensors Market: Market Share Analysis
  12.2. Chemical Sensors Distributors and Customers
  12.3. Chemical Sensors Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. AirTest Technologies Inc.
     12.4.2. Smiths Detection Inc.
     12.4.3. General Electric Company
     12.4.4. Honeywell International Inc.
     12.4.5. Siemens AG

Segments Covered in the Report
The Asia Pacific chemical sensors market has been segmented on the basis of:-

Product Type
  • Electrochemical
  • Optical
  • Pellistor/Catalytic Bead
Application
  • Industrial
  • Medical
  • Environmental Monitoring
  • Defense and Homeland Security
Country
  • China
  • India
  • Japan
  • South Korea
  • Other countries
Key Companies
  • AirTest Technologies Inc.
  • Smiths Detection Inc.
  • General Electric Company
  • Honeywell International Inc.
  • Siemens AG

Key players competing in the Asia Pacific chemical sensors market include AirTest Technologies Inc., Smiths Detection Inc., General Electric Company, Honeywell International Inc. and Siemens AG

Some of these players are using several market strategies such as mergers, acquisitions, partnerships, collaborations, capacity expansion, and product launches to enhance their market shares. For instances,

In April 2019, a research group led at the Centre for Incubation, Innovation, Research and Consultancy (CIIRC), Jyothy Institute of Technology, in Bengaluru announced to develop a cost-effective, easy to use sensor platform to facilitate an earlier stage diagnosis of Alzheimer’s disease (AD).They are using a combination of pre-analytical techniques and a sensitive electrochemical sensor for the early diagnosis.

 Asia Pacific Chemical Sensors Market By Key Players

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