Researchers at MarketsandMarkets foresee the market for environmental sensors scoring about $2.7 billion by year 2027. In a report titled “Environmental Sensor Market with Covid-19 Impact Analysis by Type, Location, Application, Vertical, Region – Global Forecast to 2027”,
the environmental sensor market is set to grow from $1.4 billion in 2021 to $2.7 billion by 2027 at a CAGR of 10.3%.
The researchers claim the primary factor driving the market is escalating health concerns due to environmental pollution. After that, they cite the adoption of environmental sensors in consumer electronics and government and public utility verticals as serious demand drivers.
Report findings include:
- Air quality sensors are set to be the fastest-growing type.
- Consumer electronics and residential applications will be the fastest-growing market during the forecast period.
- Asia Pacific region is set to grow at the highest rate.
- Major players in the environmental sensor market include Bosch Sensortec (Germany), Sensirion (Switzerland), ams AG (Austria), OMRON (Japan), Honeywell (US), Raritan (US), Siemens (Germany), Texas Instruments (US), Schneider Electric (France), and Amphenol (US).
For more findings and revelations, peruse the “Environmental Sensor Market with Covid-19 Impact Analysis” report highlights. Also, you can request a PDF brochure.
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