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Global Optical Chemical Sensors Market

  • Published Date: 01 Mar 2018
  • Number of Pages: 186
  • Category: Industrial
  • Country: Global
The global optical chemical sensors market was valued at US$ 4.81 Billion in 2017 and is expected to reach US$ 4.44 Billion by 2022 growing at a CAGR of 8.66% during the forecast period 2017-2022. Optical chemical sensors are a group of sensors in which electromagnetic radiation is used to yield the analytical signal in a transduction element. The interaction of this radiation with the sample is measured from the change of a particular optical parameter and is related to the concentration of the analyte. Optical sensors are finding growth in the application in industry, medicine, environmental monitoring, biomedical and chemical analysis.

Market Dynamics

Optical chemical sensors are expected to see a considerable high growth during the forecast period, due to the growth in most environmental monitoring applications because of an extending economy and the continuous fixing of air and water quality guidelines. The key drivers of this market include the increased usage of demand control ventilation, adoption of cabin air quality systems in motor vehicles and technological advancements which are forming the very basis for its increasing uptake.

However, the growth of this market is now being obstructed because of the reduction in the testing of automobile emissions due to the fall in the number of vehicles that need testing through the tailpipe.

Market Segmentation

The global optical chemical sensors market is segmented on the basis of technology, end-user industry, and geography. Based on technology, the market has been segmented into infrared sensors, fiber optic sensors, photoionization sensors and others. The market by end-user industry is sub-segmented into medical, automotive, industrial, environmental monitoring, defense and others. Finally, the market by geography includes North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.

Regional/Geographic Analysis

Among all the regions, the Asia-Pacific region is predicted to have a huge growth rate when compared to other regions because of the presence of developing countries such as China & India, followed by Europe and North America.Europe is considered to be rather mature and is thus estimated to exhibit sluggish growth over the next few years.

Opportunities

There lie huge opportunities in the optical sensor segment, together with products based on fiber optic, photoionization, fluorescence, infrared, chemiluminescence, laser and ultraviolet technologies and the light-emitting diode. There is also an increasing demand for control ventilation usage in commercial properties and growing cabin air quality systems adoption in motor vehicles. It will continue to draw benefits due to their high sensitivity, stability, immunity to interference, and product improvements such as smaller size and enhanced ruggedness.

Key Players

Some of the leading suppliers of Optical Chemical Sensors in the market are General Electric (U.S.), Teledyne Technologies Incorporated (U.S.), Honeywell International Inc. (U.S.), Emerson Electric Company (U.S.), Siemens AG (Germany), and among others.

Report Contents:

> Market segments
> Market Drivers, Restraints and Opportunities
> Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Market - Current Trends
> Competition & Major Companies
> Technology and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key Players

Regional Analysis:

> North America

>> US and Canada


> Latin America

>> Mexico, Brazil, Argentina and Rest of Latin America


> Western Europe

>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Western Europe


> Eastern Europe

>> Russia
>> Poland
>> Rest of Eastern Europe


> Asia Pacific

>> China
>> India
>> Japan
>> Australia and New Zealand
>> Rest of Asia Pacific


> Middle East and Africa

>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa



This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.

Report Highlights:

> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Market and impact
> Research Status and Technology Overview
> Extensive Industry Structure Coverage

Publisher Name : Market Litmus

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