Gas Sensors Market Size worth $2.3 billion by 2028, at a CAGR of 9.7%

The global Gas Sensors Market Size is projected to reach USD 2.3 Billion by 2028, growing at a CAGR of 9.7% during the forecast period.
The report "Gas Sensors Market Size [https://www.marketsandmarkets.com/Market-Reports/gas-sensor-market-245141093.html] by Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Output Type (Analog, Digital), Technology, Product, Connectivity, Application & Region - Global Forecast to 2028" The gas sensor market is projected to grow from USD 1.5 billion in 2023 and is expected to reach USD 2.3 billion by 2028, growing at a CAGR of 9.7% from 2023 to 2028.

The application of gas sensors in smart cities and building automation has witnessed significant growth in recent years. Rapid urbanization and industrialization, have led to a rise in air pollution levels across the world. With urbanization, there has been a rise in the number of vehicles used, an increase in industrial activities, and a rise in energy consumption leading to urban air pollution. The advent of the Internet of Things (IoT) has facilitated air quality monitoring and management in smart cities, with several players launching IoT-based gas sensors.

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Browse 189 market data Tables and 61 Figures spread through 271 Pages and in-depth TOC on "Gas Sensors Market by Type (Oxygen, Carbon Monoxide, Carbon Dioxide, Nitrogen Oxide, Volatile Organic Compounds, Hydrocarbons), Output Type (Analog, Digital), Technology, Product, Connectivity, Application & Region - Global Forecast to 2028"

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Wireless gas sensor segment is expected to witness the highest CAGR during the forecast period.

Wireless or portable gas detectors are generally used by individuals or by a group of workers to monitor air quality. These are ideally handheld devices and are used for indoor usage. Portable gas monitors and detectors provide a relatively affordable option to end-users compared with fixed monitors and offer ease in locating the exact source of pollution. Wireless gas sensors are also used in gas monitoring applications to detect the presence of toxic gases for the enhanced safety of personnel. In certain applications, monitoring toxic gases is difficult and dangerous, wherein wireless gas sensors can be used. Wireless gas sensors can thus be used to continuously monitor remote applications such as in automotive & transportation reliably and cost-effectively.

Market for digital output segment is expected to witness the highest CAGR during the forecast period.

Digital gas sensors send and receive strings of characters that a microprocessor or a computer can read. A digital gas sensor normally comprises a gas sensor, a two-wired digital interface, registers for controlling the operation of the IC, and an analog-to-digital converter (ADC). Gas sensors with digital output have several advantages, especially being well-suited for remote applications such as automotive and transportation applications. Moreover, these sensors offer both design and operational advantages over gas sensors with an analog output. They offer enhanced technical performance, improved safety margins, and low maintenance costs.

Volatile organic compounds in the type segment is expected to be the fastest growing market of the gas sensor market during the forecast period.

The VOC segment in the gas sensor market is expected to grow with the highest CAGR during the forecast period. Volatile organic compounds (VOCs) are a wide range of carbon-based (organic) chemicals (compounds) found in various human-made and naturally occurring solids and liquids. They evaporate easily at ordinary room temperature. Substances containing VOCs include solvents, paint thinners, and nail polish removers, as well as vapors associated with fuels such as gasoline, diesel, heating oil, kerosene, and jet fuel; hence, there is an increasing demand for these in the paint and plastic industry.

Asia Pacific is expected to have the largest share of the gas sensor market during the forecast period.

Asia Pacific region is expected to have the largest market share of the gas sensor market during the forecast period. Asia Pacific is the leading market for gas sensors in the automotive, infrastructure, consumer electronics, and pharmaceutical industries, with major demand from China, India, South Korea, and Japan. The countries of Asia Pacific are witnessing increased demand for gas sensors, and this demand is expected to grow at a significant rate during the forecast period as well. Moreover, the rise in the number of smart city projects in countries such as India and China also leads to increased demand for gas sensors from these countries. Gas sensors are used in several industries such as automotive, oil & gas, chemical, consumer electronics, etc., driving the market demand in the region.

Gas Sensors Suppliers [https://www.marketsandmarkets.com/ResearchInsight/gas-sensor-market.asp]:

* Honeywell International Inc. (US),
* MSA Safety Incorporated (US),
* Amphenol Corporation (US),
* Figaro Engineering Inc. (Japan),
* Alphasense (UK),
* Sensirion AG (Switzerland),
* Process Sensing Technologies (UK),
* ams-OSRAM AG (Austria),
* MEMBRAPOR (Switzerland), and Senseair AB (US).

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