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Oct 17, 2019 7:22 PM ET

Key Market Dynamics in Gas Sensor




iCrowd Newswire - Oct 17, 2019

The gas sensor market was valued at USD 812.3 million in 2016 and is expected to reach USD 1,297.6 million by 2023, at a CAGR of 6.83% between 2017 and 2023.

 

How can the increasing adoption of gas sensors in consumer electronics application present an opportunity for the gas sensor market?

Smartphones and smart wearable devices are the next big things expected to adopt gas sensors. There is a new trend in consumer electronics market of making consumer gadgets more intelligent in terms of sensing the environment. Various research and development activities are in progress by several manufacturers and research institutes to build gas sensors compatible with these devices. For instance, Cambridge CMOS Sensors (CCS) (UK), leading gas sensor solutions provider has launched CCS811, ultralow-power miniature gas sensors. This digital gas sensor can be used for gas monitoring and breath analysis that includes alcohol testing and a bad breath analysis. The VTT Technical Research Centre of Finland (Finland) has developed an optical gas sensor that can be connected to mobile devices. This sensor is developed with an objective to monitor the air quality of the surrounding and display the readings on a smartphone screen. Other players involved in research and development to build gas sensors for consumer electronics applications are Variable Technologies (US), Sensorcon (US), Homeland Security (US), and the University of California (US).

 

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Why is the higher cost for the adoption in applications such as consumer durables acting as a challenge for the gas sensor market?

Assembling and manufacturing of consumer electronics including smartphones, tablets, and wearable devices is a very selective process. As the consumer electronics industry is following a trend of miniaturization as well as cost effectivity to bring innovations in products, manufacturers make sure that addition of new features/components maintain cost effectivity of new product; hence, they prefer components with low cost and precise specifications. Gas sensors for consumer electronics applications require low power consumption, high sensitivity, and minimum response time. To combine all these features in one device and maintain the low cost of the device is a big challenge for industry players. This, ultimately, poses a challenge for the gas sensor market.

 

Increasing enforcement of occupational health and safety regulations by governments

Increasing implementation of rules and regulations by government bodies to ensure occupational health and safety of employees is the main driving force spurring the growth of the gas sensors market. Safety regulations are an important part of any industry, especially for industries that are more susceptible to accidents such as oil & gas, chemicals, and building and construction. Gas sensors play an important role in the detection of hazardous gases and thus prevent accidents caused by its leakage.

  

Technical issues related to sensitivity, energy consumption, and stability

The global gas sensors market is growing, but there are some technical hitches that are yet to be addressed. These hitches include high power consumption (with respect to applications for smartphones and tablets), high manufacturing cost, and deficiency in selectivity and complex fabrication processes are a few of them. Although, there are many technologies present in the market to manufacture gas sensors none provide all the required features. For instance, devices built on metal oxide semiconductor technology consume more power than an electrochemical technology-based device, whereas devices built with the combination of metal oxide semiconductor and silicon-based micromechanical free standing hot plates (silicon hotplate) technology results in minimum power loss.

 

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Wireless Gas Detection Market by Technology (Wi-Fi, Bluetooth, Cellular, License-Free Ism Band), Type (Hardware (Detectors/ Sensors, Gateways, Monitors and Controllers), Software, Services), and Geography – Global Forecast to 2023

 

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Keywords:    Gas Sensor Market

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