Increasing advancement in medical, industrial and automotive sectors is one of the prime reasons for increasing application of chemical sensors.
That is according to a new report from Reportlinker. They say that growing concerns about environmental pollution and increasing number of government initiatives to control the emission is fueling the demand for chemical sensors in different regions worldwide. Detecting harmful gases and chemicals in order to avoid any kind of unwanted hazard is one of the major objectives for increasing application of chemical sensors in the oil and gas sector. The application of oxygen sensors primarily for stoichiometric control of the engine operation drives the demand for chemical and gas sensors in the automotive industry. Increasing advancement and development in the chemical sensors market facilitates detection of chemical components in vehicles.
According to the report, the medical industry is one of the prominent end-use industries for chemical sensors. Optical sensors have a wide range of applications in the field of health care and medicine. Growing technological advancement in the medical sector fuels the demand for chemical sensors across different regions worldwide. Growing penetration of chemical sensors in industrial sector along with homeland security and defense segment is anticipated to boost the market of chemical sensors in the short, medium, and long term.
Geographically, the global chemical sensors market is categorised into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Moreover, current and future trends of the market are covered in the report. North America led the market for chemical sensors in 2015, followed by Asia Pacific. The US is leading the chemical sensors market in North America. China and Japan is leading the market for chemical sensors across Asia Pacific.
Based on type, the report segments the market into optical sensors, electrochemical sensor, catalytic bead and others. Electrochemical sensor is leading the market for chemical sensor, following catalytic bead. Catalytic bead sensors are primarily employed to detect combustible gases. Incidences of combustion-related emissions and need for environmental monitoring and controlling is also contributing in the positive growth of chemical sensors market globally.
Furthermore, the report say that by end use industry the market is segmented into oil and gas, automotive, medical, environmental monitoring, industrial among others. In 2015, oil and gas and automotive segment is holding the largest market share in the chemical sensors market in terms of revenue.