Press release
Gas Sensors Market to Grow at 5.9% CAGR Through 2031 | North America Leads Market Share with Strong Industrial Safety Regulations | DataM Intelligence
Gas Sensors Market
According to DataM Intelligence, the global gas sensors market is expected to grow at a CAGR of 5.9% during the forecast period 2024-2031. This steady growth is propelled by increasing industrial safety regulations, growing environmental monitoring requirements, rising adoption in smart city initiatives, expanding oil and gas exploration activities, technological advancements in sensor accuracy, and growing demand from automotive and healthcare sectors for air quality monitoring.
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Browse in-depth TOC on "Gas Sensors Market"
70 - Tables
67 - Figures
200 - Pages
Recent Developments (November 2025)
✅ Honeywell International Inc. (US) launched next-generation electrochemical sensors with enhanced accuracy for oxygen and toxic gas detection, specifically designed for oil and gas and mining applications.
✅ AMS AG (Austria) expanded their metal-oxide sensor portfolio, introducing advanced VOC detection capabilities for indoor air quality monitoring in smart buildings and consumer electronics.
✅ Sensirion AG (Switzerland) developed innovative infrared gas sensors for carbon dioxide monitoring, achieving superior performance in HVAC systems and medical applications.
✅ MSA Safety Incorporated (US) introduced wireless connected gas sensors for industrial safety, featuring real-time monitoring and cloud-based data analytics for hazardous environments.
✅ Figaro Engineering Inc. (Japan) launched compact holographic gas sensors for automotive applications, providing precise methane and hydrocarbon detection for vehicle emission control systems.
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Competitive Landscape
The market features intense competition between global sensor manufacturers, industrial safety companies, and specialized technology providers.
1. Honeywell International Inc. maintained market leadership with 24% global market share, expanding their industrial safety portfolio and reporting 22% revenue growth in 2024-2025 through strategic contracts with oil and gas companies.
2. AMS AG captured 20% market share in consumer and environmental applications, securing partnerships with smart device manufacturers and achieving 25% growth through miniaturization innovations.
3. Sensirion AG dominated the infrared sensor segment with 18% market share, reporting 21% growth through precision measurement technologies for medical and HVAC markets.
4. MSA Safety Incorporated led industrial wireless solutions with 16% market share, achieving 23% growth through connected safety platform deployments.
5. Figaro Engineering Inc. expanded their automotive applications with 14% market share, focusing on emission monitoring with 19% revenue growth.
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Segmentation Analysis
By Type
• Electrochemical dominates the market with USD 1.2 billion in 2024, projected to grow at 6.2% CAGR, valued for high accuracy in toxic gas detection, low power consumption, cost-effectiveness, and widespread adoption in industrial safety and environmental monitoring applications.
• Metal-Oxide Sensor shows strong growth with USD 980 million in 2024, expected to grow at 6.8% CAGR, preferred for combustible gas detection, versatility across multiple gases, and robustness in harsh environments.
• Infrared demonstrates significant expansion with USD 750 million in 2024, growing at 7.1% CAGR, valued for carbon dioxide monitoring, non-dispersive technology, and long-term stability.
By Gas
• Carbon Dioxide represents the largest segment with USD 1.1 billion in 2024, growing at 6.5% CAGR, driven by indoor air quality concerns, HVAC system integration, building automation trends, and environmental monitoring requirements.
• Oxygen shows robust growth with USD 850 million in 2024, expanding at 5.8% CAGR, valued for industrial safety, medical applications, and combustion control systems.
• Volatile Organic Compounds (VOC) and Carbon Monoxide demonstrate critical importance in environmental and safety applications.
By Connectivity
• Wired leads the market with 62% revenue share in 2024, growing at 5.4% CAGR, driven by reliability in industrial settings, established infrastructure, and cost-effectiveness for fixed installations.
• Wireless shows accelerated growth with 38% revenue share in 2024, expected to grow at 7.2% CAGR, preferred for flexible deployments, IoT integration, and remote monitoring capabilities.
By End-User
• Oil and Gas dominates the market with USD 1.4 billion in 2024, projected to grow at 6.3% CAGR, driven by safety regulations, leak detection requirements, and exploration activities in hazardous environments.
• Smart Cities shows strongest growth with USD 920 million in 2024, expected to grow at 8.1% CAGR, valued for air quality monitoring, traffic pollution control, and urban environmental management.
• Medical and Automotive and Transportation demonstrate expanding applications in health and emission control.
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Regional Analysis:
North America commands the largest market share with USD 2.8 billion in 2024, driven by stringent industrial safety regulations from OSHA and EPA, strong oil and gas industry presence, advanced healthcare infrastructure, early adoption of smart city technologies, and significant investments in environmental monitoring across the United States and Canada.
Asia-Pacific emerges as the fastest-growing region, projected to expand at 7.8% CAGR through 2031, fueled by rapid industrialization, growing environmental concerns, increasing smart city deployments, expanding manufacturing sectors, and rising safety standards across China, India, Japan, and Southeast Asian countries.
Market Trends & Drivers
The Gas Sensors Market is experiencing steady growth driven by regulatory compliance requirements, environmental awareness, technological innovation, and industrial safety priorities. Key trends include the development of miniaturized and low-power sensors, integration with IoT platforms, advancement of multi-gas detection capabilities, growth of wireless connectivity, and expansion into new application areas. The safety regulations, environmental monitoring needs, and smart technology adoption are significantly contributing to market expansion.
Related Reports:
1. Industrial Safety Market - https://www.datamintelligence.com/research-report/industrial-safety-market?jd
2. Internet of Things Testing Market - https://www.datamintelligence.com/research-report/internet-of-things-testing-market?jd
3. Battery Management Systems Market - https://www.datamintelligence.com/research-report/battery-management-systems-market?jd
Contact Us:
Sai Kiran
DataM Intelligence 4market Research LLP
Phone: +1 877-441-4866
Email: Sai.k@datamintelligence.com
About DataM Intelligence
DataM Intelligence is a renowned provider of market research, delivering deep insights through pricing analysis, market share breakdowns, and competitive intelligence. The company specialises in strategic reports that guide businesses in high-growth sectors such as nutraceuticals and AI-driven health innovations.
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