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Home>Global Chemical Sensors Market - Expected to Increase $20.4 Billion by 2018 - Research and Markets

Global Chemical Sensors Market - Expected to Increase $20.4 Billion by 2018 - Research and Markets

Global Chemical Sensors Market - Expected to Increase $20.4 Billion by 2018 - Research and Markets

09/19/2017

Global Chemical Sensors Market - Expected to Increase $20.4 Billion by 2018 - Research and Markets

The "Global Chemical Sensors Market - Growth, Trends and Forecasts (2016 - 2021)" report has been added to Research and Markets' offering.

The Global Chemical Sensors market is expected to increase to $20.45 billion by 2018 at a CAGR of 7.60% over the period 2014-2020.

The Asia Pacific region is expected to estimate a huge growth rate when compared to other regions because of the presence of developing countries such as China & India. Chemical sensors market share for North America is the highest followed by Asia Pacific and Europe. Chemical sensors growth towards increase in the production of light vehicles, demand for quick accurate diagnosis in medical sector, and technological advancements are the key drivers which are making the chemical sensors market to grow lucratively. The growth of the Chemical Sensors Market is currently being hindered by decrease in automobile emissions testing due to the falling number of vehicles that need to be tested through the tailpipe.

Electrochemical sensors are anticipated to see the fastest growth, with demand reflecting recovery in manufacturing. Optical sensors will continue to benefit from their high sensitivity, stability, immunity to interference, and product improvements such as smaller size and enhanced ruggedness. Sales will be enhanced by the growing prevalence of diabetes in the population and by rising demand for home and point of care testing and monitoring tools.

Companies Mentioned:

  • ABB Limited
  • Alpha MOS SA
  • Bosch (Robert) GmbH
  • Delphi Automotive plc
  • DENSO Corporation
  • Emerson Electric Company
  • General Electric Company
  • Halma plc
  • Honeywell International
  • Johnson & Johnson
  • Roche Holding Limited
  • SAFRAN SA
  • Siemens AG

Key Topics Covered:

1. Introduction

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