Asia Pacific Chemical Sensors Market
Asia Pacific Chemical Sensors Market, By Product Type (Electrochemical, Optical, Pellistor/Catalytic Bead); By Application (Oil & Gas, Military & Defense, Medical, Automotive, Others); By Country (China, India, Japan, South Korea, Australia & New Zealand, Indonesia, Malaysia, Singapore, Vietnam, Rest of APAC), Trend Analysis, Competitive Landscape & Forecast, 2019–2029
- Published Date: December 2023
- Report ID: BWC23993
- Available Format: PDF
- Page: 200
Report Overview
Surging usage of chemical sensors in the biopharmaceutical and healthcare sector, and indoor monitoring and homeland security applications is expected to boost the growth of Asia-Pacific Chemical Sensors Market during the forecast period between 2023 and 2029.Asia-Pacific Chemical Sensors Market - Industry Trends & Forecast Report, 2029
Asia-Pacific Chemical Sensors Market size was estimated to be worth USD 4.9 billion in 2022. During the forecast period between 2023 and 2029, the Asia-Pacific Chemical Sensors Market size is projected to grow at a CAGR of 7.30%, reaching a value of USD 8.1 billion by 2029. Major growth factors for the Asia-Pacific Chemical Sensors Market include expanding applications in the medical sector and rising innovations and new developments. Furthermore, the establishment of new plants and factories, particularly in the oil and gas industry, is also boosting the demand for chemical sensors to detect higher and more accurate monitoring of environmental pollutants.
Chemical Sensors – Overview
A chemical sensor is a device that measures and detects chemical properties in an analyte and translates the felt chemical data into electrical data. An analyte is the scientific word for a chemical material that is being observed. Breathalyzers, carbon monoxide detectors, and electrochemical gas sensors are a few types of chemical sensors. The purpose of these sensors is to identify and measure chemical species, including those in liquid and gaseous phases. Numerous industries and sectors, such as the chemical processing sector, industrial safety and emissions, industrial safety systems, emissions monitoring, water and wastewater treatment, automobile emissions testing, and environmental monitoring, employ chemical sensors.
Asia-Pacific Chemical Sensors Market
Growth Drivers
Extensive Research and Development Activities
The Asia-Pacific market for chemical sensors is poised for significant growth due to the growing emphasis on safety and regulations in various industries, such as oil & gas and food & beverages, as well as the growing need for precise and real-time monitoring. In order to broaden chemical sensors’ applications, research institutes are now heavily concentrating on advancements in chemical sensors. For instance, a Japanese research team has created a cutting-edge method for lipopolysaccharide (LPS) detection that can be used for on-site testing in medical facilities and pharmaceutical manufacturing plants. Additionally, scientists at the Indian Institute of Technology, Roorkee, have created a novel compound that can be utilized to create sensors that can identify picric acid, a key component of explosives. Such developments are anticipated to provide growth opportunities for the Asia-Pacific Chemical Sensors Market during the forecast period.
Restraints
Issues Associated with Limited Temperature Range and Cross-Sensitivity
Typically, chemical sensors are internally temperature-adjusted due to their temperature sensitivity. Moreover, chemical sensors exhibit high sensitivity to other gases that are often nontoxic or even favorable. Other gases can interfere with certain sensors. It is critical to understand which gasses might interact with the sensor to prevent receiving inaccurate information. The inaccuracy in providing information may prove dreadful, particularly in the military and defense sectors, which may negatively impact the Asia-Pacific Chemical Sensors Market.
Impact of Escalating Geopolitical Tensions on Asia-Pacific Chemical Sensors Market
The intensifying geopolitical tensions across the regions disrupted the growth of the Asia-Pacific Chemical Sensors Market. The raging war between Israel and Palestine sends shockwaves across various industries, transcending geographic boundaries and affecting businesses globally. The conflict between Israel and Palestine has been a longstanding, deeply entrenched geopolitical issue. On October 07, 2023, Hamas, a Palestinian military organization, in a surprise and heavy attack, struck Israel with thousands of rockets and infiltrations. In response, the prime minister of Israel declared war against Hamas and anticipated that the war would be ‘long and difficult.’ As of November 22, 2023, it was estimated that more than 14,500 people had been killed in Gaza since the war has started.
For the Asia-Pacific region, Israel is one of the top producers and exporters of chemical sensors. Additionally, a lot of research and development in the field of sensors is being conducted in this nation. At the height of the conflict, the chemical sensors market experienced a notable slowdown due to supply chain disruptions. In addition, research and development efforts in the field were temporarily prohibited to concentrate only on military operations. It resulted in the spike in prices of chemical sensors, eventually leading to its reduced demand in end-user industries, negatively impacting the Asia Pacific chemical sensors market.
Asia-Pacific Chemical Sensors Market
Segmental Coverage
Asia-Pacific Chemical Sensors Market – By Product
Based on product, the Asia-Pacific Chemical Sensors Market is segmented into electrochemical, optical, and pellistor/catalytic beads. The electrochemical sensor holds the largest share of the Asia-Pacific Chemical Sensors Market by product. One of the many benefits of electrochemical sensors is their great sensitivity. They have therefore been used for a very long time to study biological, environmental, industrial, and pharmaceutical species due to their affordability, speed, and simplicity of shrinking, in addition to their great sensitivity, precision, and long-term dependability.
Asia-Pacific Chemical Sensors Market – By Application
Based on application, the Asia-Pacific Chemical Sensors Market is segmented into oil & gas, military & defense, medical, automotive, and others. The military & defense sector account for the highest market share. Chemical sensors play a crucial role in safeguarding the military forces through early detection and protection of potential chemical and biological attacks. Military forces across the Asia-Pacific region are significantly investing in the deployment of chemical sensors since the current sensor technology lacks sufficient sensitivity and selectivity and is slow and expensive.
Asia-Pacific Chemical Sensors Market – By Country
The in-depth research report on the Asia-Pacific Chemical Sensors Market covers a number of country-specific including China, India, Japan, South Korea, Australia and New Zealand, Indonesia, Malaysia, Singapore, Vietnam, and the rest of APAC. India dominates the Asia-Pacific chemical sensors market owing to the prominent application of chemical sensors in the medical industry and extensive research and development activities. Due to its population, India has a huge patient pool for various health conditions, including diabetes and cardiovascular diseases. Chemical sensors are gaining significant traction as accurate and portable diagnostic sensing systems in the healthcare sector, which is driving the growth of the chemical sensors market in India.
Competitive Landscape
Major players operating in the Asia-Pacific Chemical Sensors Market include Smiths Detection (Asia Pacific) Pte Ltd, Yokogawa Electric Corporation, AirTest Technologies Inc., Honeywell International Inc., Pepperl+Fuchs Group, Omron Corporation, Balluff GmbH, Siemen, and Sika AG. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.
Scope of the Report
Attributes |
Details |
Years Considered |
Historical Data – 2019–2022 |
Base Year – 2022 |
|
Estimated Year – 2023 |
|
Forecast Period – 2023–2029 |
|
Facts Covered |
Revenue in USD Billion |
Market Coverage |
North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
Product/ Service Segmentation |
Product Type, Application, Country |
Key Players |
Smiths Detection (Asia Pacific) Pte Ltd, Yokogawa Electric Corporation, AirTest Technologies Inc., Honeywell International Inc., Pepperl+Fuchs Group, Omron Corporation, Balluff GmbH, Siemen, Sika AG |
By Product Type
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Electrochemical
-
Optical
-
Pellistor/Catalytic Bead
By Application
-
Oil & Gas
-
Military & Defense
-
Medical
-
Automotive
-
Others
By Country
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China
-
India
-
Japan
-
South Korea
-
Australia & New Zealand
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Indonesia
-
Malaysia
-
Singapore
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Vietnam
-
Rest of APAC
- Research Framework
- Research Objective
- Product Overview
- Market Segmentation
- Executive Summary
- Asia-Pacific Chemical Sensors Market Insights
- Industry Value Chain Analysis
- DROC Analysis
- Growth Drivers
- Surging Usage in Healthcare and Biomedical Sectors
- Growing Usage of Chemical Sensors in Indoor Monitoring and Homeland Security Applications
- Restraints
- High Cost Associated with Advanced Chemical Sensing Technologies
- Environmental Concerns Related to the Production and Disposal of Chemical Sensors
- Opportunities
- Developments in Miniaturized and Portable Electrochemical Sensors
- Rising Investments in New Plants in Gas and Oil
- Challenges
- Issues Associated with Security and Privacy of Data Collected by Chemical Sensors
- Growth Drivers
- Technological Advancements/Recent Developments
- Regulatory Framework
- Porter’s Five Forces Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of New Entrants
- Threat of Substitutes
- Intensity of Rivalry
- Asia-Pacific Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- Electrochemical
- Optical
- Pellistor/Catalytic Bead
- By Application
- Oil & Gas
- Military and Defense
- Medical
- Automotive
- Others
- By Country
- China
- India
- Japan
- South Korea
- Australia & New Zealand
- Indonesia
- Malaysia
- Singapore
- Vietnam
- Rest of APAC
- By Product Type
- Market Size & Forecast by Value & Volume, 2019–2029
- China Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- India Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- Japan Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- South Korea Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- Australia & New Zealand Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- Indonesia Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- Malaysia Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- Singapore Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- Vietnam Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- Rest of APAC Chemical Sensors Market Overview
- Market Size & Forecast by Value & Volume, 2019–2029
- By Value (USD Billion)
- Market Share & Forecast
- By Product Type
- By Application
- By Sales Channel
- Market Size & Forecast by Value & Volume, 2019–2029
- Competitive Landscape
- List of Key Players and Their Offerings
- Asia-Pacific Chemical Sensors Company Market Share Analysis, 2022
- Competitive Benchmarking, By Operating Parameters
- Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
- Impact of Covid-19 on Asia-Pacific Chemical Sensors Market
- Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- Smiths Detection (Asia Pacific) Pte Ltd
- Yokogawa Electric Corporation
- AirTest Technologies Inc.
- Honeywell International Inc.
- Pepperl+Fuchs Group
- Omron Corporation
- Balluff GmbH
- Siemens
- Sika AG
- Other Prominent Players
- Key Strategic Recommendations
- Research Methodology
- Qualitative Research
- Primary & Secondary Research
- Quantitative Research
- Market Breakdown & Data Triangulation
- Secondary Research
- Primary Research
- Breakdown of Primary Research Respondents, By Region
- Assumption & Limitation
- Qualitative Research
*Financial information of non-listed companies will be provided as per availability
**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable
List of Figures
Figure 1 Asia-Pacific Chemical Sensors Market Segmentation
Figure 2 Asia-Pacific Chemical Sensors Market Value Chain Analysis
Figure 3 Company Market Share Analysis, 2022
Figure 4 Asia-Pacific Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 5 Asia-Pacific Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 6 Asia-Pacific Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 7 Asia-Pacific Chemical Sensors Market Share, By Country, By Value, 2019–2029
Figure 8 China Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 9 China Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 10 China Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 11 India Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 12 India Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 13 India Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 14 Japan Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 15 Japan Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 16 Japan Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 17 South Korea Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 18 South Korea Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 19 South Korea Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 20 Australia & New Zealand Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 21 Australia & New Zealand Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 22 Australia & New Zealand Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 23 Indonesia Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 24 Indonesia Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 25 Indonesia Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 26 Malaysia Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 27 Malaysia Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 28 Malaysia Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 29 Malaysia Chemical Sensors Market Share, By Sales Channel, By Value, 2019–2029
Figure 30 Singapore Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 31 Singapore Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 32 Singapore Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 33 Vietnam Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 34 Vietnam Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 35 Vietnam Chemical Sensors Market Share, By Application, By Value, 2019–2029
Figure 36 Rest of APAC Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Figure 37 Rest of APAC Chemical Sensors Market Share, By Product Type, By Value, 2019–2029
Figure 38 Rest of APAC Chemical Sensors Market Share, By Application, By Value, 2019–2029
List of Tables
Table 1 Asia-Pacific Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 2 Asia-Pacific Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 3 Asia-Pacific Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 4 Asia-Pacific Chemical Sensors Market Size, By Country, By Value, 2019–2029
Table 5 China Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 6 China Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 7 China Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 8 India Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 9 India Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 10 India Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 11 Japan Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 12 Japan Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 13 Japan Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 14 South Korea Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 15 South Korea Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 16 South Korea Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 17 Australia & New Zealand Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 18 Australia & New Zealand Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 19 Australia & New Zealand Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 20 Indonesia Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 21 Indonesia Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 22 Indonesia Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 23 Malaysia Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 24 Malaysia Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 25 Malaysia Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 26 Singapore Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 27 Singapore Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 28 Singapore Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 29 Vietnam Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 30 Vietnam Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 31 Vietnam Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 32 Rest of APAC Chemical Sensors Market Size, By Value (USD Billion), 2019–2029
Table 33 Rest of APAC Chemical Sensors Market Size, By Product Type, By Value, 2019–2029
Table 34 Rest of APAC Chemical Sensors Market Size, By Application, By Value, 2019–2029
Table 35 Smiths Detection (Asia Pacific) Pte Ltd Company Overview
Table 36 Smiths Detection (Asia Pacific) Pte Ltd Financial Overview
Table 37 Yokogawa Electric Corporation Company Overview
Table 38 Yokogawa Electric Corporation Financial Overview
Table 39 AirTest Technologies Inc. Company Overview
Table 40 AirTest Technologies Inc. Financial Overview
Table 41 Honeywell International Inc. Company Overview
Table 42 Honeywell International Inc. Financial Overview
Table 43 Pepperl+Fuchs Group Company Overview
Table 44 Pepperl+Fuchs Group Financial Overview
Table 45 Omron Corporation Company Overview
Table 46 Omron Corporation Financial Overview
Table 47 Balluff GmbH Company Overview
Table 48 Balluff GmbH Financial Overview
Table 49 Siemens Company Overview
Table 50 Siemens Financial Overview
Table 51 Sika AG Company Overview
Table 52 Sika AG Financial Overview
Market Segmentation
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