Gas Sensors Market Demand, Share and Value Chain 2019-2028

The gas sensor market is ready to expand its horizon of growth rate during the forecast period from 2019-2028. Gas sensors identify the harmful gas present in the environment and alert individuals by raising alarm sounds. Gas sensors identify a variety of gases such as toxic gases, combustible gases, and flammable gases. It is used by a plethora of industries such as chemicals, metals, power stations, food and beverage, and transportation.

Growing demand for electronic device miniaturization is driving the growth of the gas sensors market. Health and safety regulations across the globe, an increase in critical industry demand, rising air pollution levels, and the urgency for air quality monitoring in big cities are also some important factors that may accelerate the growth rate of the gas sensors market.

This upcoming report on the gas sensors market provides an in-depth analysis of the current market situation. The report covers components like competitive landscape, key players, regional analysis, and ongoing trends. The segmental study enables an individual to thoroughly understand the gas sensors market

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Gas Sensors Market: Competitive Landscape and Notable Developments

Manufacturers in the gas sensors market are constantly involved in developing innovative strategies to make their products more beneficial. Some instances are introducing sensors related to specific types of consumer electronics, healthcare industries, and the automotive sector. The key players in the gas sensors market are making inroads through enhancing their research and development capabilities to a great extent. Key players in the gas sensor market are Teledyne Technologies Inc., Figar Engineering Inc., Siemens, Honeywell International Inc., and Yokogawa Electric Corporation.

• Recently, Firago Engineering Inc. launched the TGS8101 IAQ digital sensor. The novel gas sensor comprises a metal oxide compound placed on a micro hot plate. This enables the gas sensor to detect alcohol gas and VOC.
• A Switzerland based company; Sensirion developed SCD40, a miniaturized CO2 sensor measuring just one cubic centimeter.
• Gas sensors are even leaving their mark in the space application sector. RLS, a company associated with Renishaw introduced a miniature encoder sensor for pace applications.

Gas Sensors Market: Key growth drivers

A rise in the demand for smart sensing technologies for detecting hazardous gases is accelerating the growth rate of the gas sensors market. Other technologies like infrared technology may also record gains for the gas sensor market. Infrared technology in the gas sensors market has considerable benefits such as longer product life in comparison to the sensing objects and enhanced efficiency for hydrocarbon gas detection. Wireless gas sensors may also experience a spur during the forecast period. This is because of low-cost installation and saves space as compared to wired sensors. Innovative wireless solutions are being developed for efficient gas monitoring. Therefore, increasing investments in technological advancements of gas sensors may enable the gas sensors market to grow at a steady pace.

Gas Sensors Market: Regional analysis

The Asia Pacific region is expected to gain traction during the forecast period. This can be attributed to a plethora of factors such as awareness about environment conservation and stringent government regulations in the region. Furthermore, countries in these regions are launching action plans to curb air pollution. North America is also expected to witness steady growth. This is because the U.S.A is observing large scale gas sensors demand from the petrochemical industry. Europe may also see a good growth rate due to the imposition of strict regulations in terms of pollution.

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The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

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Image Detection Sensor Market to Witness an Outstanding Growth by 2018-2024

The global image detection sensor market has been envisaged to be distinctly competitive and consolidated as being occupied by a mammoth pool of industry players. Transparency Market Research (TMR) has pointed out the over 70.00% share accounted by top four companies, viz. Texas Instruments Inc., Emerson Electric Co., Cognex, and FLIR Systems, in 2015. The nature of the competitive landscape has been foreseen to stay the same in the coming years with a lower range of new entrants showing up in the market. A report by TMR has talked about more factors which could influence the competition in the market.

The global image detection sensor market, as foretold by TMR, could rise at a 9.60% CAGR between 2016 and 2024, taking cue from its US$9.67 bn revenue earned in 2015. By the end of 2024, the market has been envisioned to earn up to a US$22.01 bn. By technology, complementary metal-oxide-semiconductor (CMOS) could take a dominant position in the market until the end of the forecast period. By region, Asia Pacific has been forecast to lead the market, considering its over 35.00% share achieved in 2015.

Wide Scope of Applications in Smartphone Cameras Boosts Growth

The increasing applications in end-use industries such as healthcare, consumer electronics, and automotive have been anticipated to set the tone for a consistent growth in the world image detection sensor market. A substantial boost in the demand for image detection sensor could be expected by players operating in the market on account of a broad technological development witnessed in the industry. In the recent years, technologies such as charge-coupled device (CCD) and CMOS have found extensive applications in lighting solutions, tablet displays, rear and front mobile cameras, point-and-shoot cameras, and personal computer (PC) cameras.

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Over the course of the next few years, the world image detection sensor market has been predicted to see a strong growth because of the cost-efficient use of the technologies. Besides this, the consumer electronics industry making available wide-ranging applications of image detection sensor for photography could create ample of opportunities in the market.

Increasing Price Sensitivity of Consumer Products Hampers Demand

The international image detection sensor market has been expected to face challenges in the near future due to the rising price sensitivity of consumer products and dwindling demand for still cameras. However, the growing applications of image detection sensor in other industries such as aerospace and defense and automobiles could help the market to sustain its growth. The aerospace and defense industry in particular has been testifying about the rising application of thermal sensors.

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System on Chip (SoC) Market Estimated to Flourish at COVID-19 by 2018-2025

The vendor landscape of the global System on Chip (SoC) market is largely consolidated, with the leading three players collectively accounting for a massive 68% of the global market in 2016, with Qualcomm Inc. alone accounting for a huge 38.6% in the same year, observes Transparency Market Research in a recent report. The highly competitive market, with established companies having a stronghold on most key regional markets, is witnessing attempts by large companies to further consolidate the marketplace by acquiring relatively smaller companies in high-potential regional markets; Qualcomm’s acquisition of Design Art Networks is a recent instance.

Companies are also increasingly focusing on the introduction of innovative products to meet the variable and complex demands from key end-use industries such as consumer electronics and telecommunications. Companies are also focusing on bringing changes in the lithographic and multiple patterning processes, to help end-users bring the factor of differentiation in their products to undermine competition and boost brand value.

Transparency Market Research estimates that the global SoC market, which was pegged at US$45.89 bn in 2016, is expected to expand at a promising 8.4% CAGR from 2017 to 2025 and rise to a valuation of US$89.03 bn by 2025.

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APAC to Help Global Market Gain Massive Chunk in Revenue

Based on type, the segment of mixed-signal SoCs is presently the leading contributor of revenue to the global market, accounting for nearly 44% of the market in 2016. The segment is also expected to remain the leading segment throughout the forecast period, exhibiting a promising 9.0% CAGR from 2017 to 2025. Geographically, the APAC market for SoCs accounted for more than 45% of the global market in 2016. Factors such as the increased demand for smart electronic devices and the increasing adoption of IoT-based technologies across a number of industry verticals have been some of the key growth factors for the growth of the APAC SoC market in the past years.

Rising Global Demand for Advanced Consumer Electronics to Remain Key Driver

The mounting use of smart devices such as laptops and smartphones across the globe in the past few years has provided a huge thrust to the global SoC market. Moreover, the development of technologically advanced SoCs that house more features within a specified area, leading to better resistivity of wires and higher interconnectivity, is further driving the global SoC market. Application of these functions has resulted in the declining cost per function of integrated circuits (ICs).

The lowering of costs per function of ICs has been another major driver of the global SoC market, further enhancing the applications of SoCs across different industry verticals. The vast developments in the field of ICs in recent years, allowing significant design changes in microcontrollers and microprocessors and making it possible to embed different patterns within a single chip, have also been key to the development of the global SoC market in the past few years. All these factors are likely to boost the market growth for SoC market during the forecast period from 2017 to 2025.

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High Cost of Manufacturing to Deter Companies from Entering into SoC Market

Owing to the complex design of advanced SOCs, their manufacturing incurs huge expenses. Moreover, with growing advancement in the fabrication and lithography process along with design changes in nodes due to multiple patterning result in high software development costs as well. This factor has posed vast limitations and challenges for players in the market, acting as a key restraint for the growth of the market. Also, the overlapping of functionalities resulting from changes in consumer demands could also have a negative effect on the overall growth prospects of the global SoC market in the next few years.

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Automotive Chassis System Market Set to Witness an Uptick the COVID-19 during to 2019-2027

Transparency Market Research has published a new report titled, “Global Automotive Chassis Systems Market (Component: Suspension ball joints, Cross-axis joints, Tie-rods, Stabilizer links, Control arms, Knuckles and hubs; Chassis system: Front axle, Rear axle, Corner axle, and Active Kinetic control; Vehicle type: Passenger vehicle, light commercial vehicle, heavy commercial vehicle, Off Road Vehicle, Construction equipment vehicle, Farm Vehicles- Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027.” According to the report, the global Automotive Chassis systems market is projected to surpass US$ 95 Bn by 2027, expanding at a CAGR of above 3 % during the forecast period.

Global Automotive Chassis Systems Market:

• According to the report, the global Automotive Chassis systems market is expected to expand at a CAGR of 3%, with rise in global production of vehicle
• Revival of economy with rapid industrialization in emerging economies of Asia Pacific and Rest of the World is anticipated to drive the automotive chassis system market during the forecast period

Expansion of Global Automotive Chassis Systems Market

• There has been an increase in construction activities in the developing countries of Asia Pacific and RoW. These construction activities depend highly on construction equipment vehicles. HCVs, and LCVs are also required for the transportation of raw materials from one point to another. Thus, these manufacturers of construction equipment vehicles need to constantly design the chassis system to suit the needs of construction activities in that particular area. This would fuel the demand for automotive chassis systems, thereby driving the market in the near future.

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Manufacturers of automotive chassis systems are investing significantly in research and development for innovation of the latest composite components. This would help in the manufacture of automotive chassis systems that are lighter and stronger. Latest innovative features such as automotive chassis sensors for the detection of any kind of malfunctioning of any of the components used in the automotive chassis system market are driving the market

• By vehicle type, the automotive chassis system market has been segmented into passenger cars, LCVs, HCVs, off-road vehicles, construction equipment vehicles, defense vehicles, and farm tractors. The passenger cars segment held the largest share of the automotive chassis system market in terms of revenue in 2018. Off-road vehicles such as dirt bikes and ATVs are popular among adventure lovers in North America and Europe. Furthermore, several sports activities are organized globally. This boosts the demand for off-road vehicles. LCV was the third largest segment of the automotive chassis system market, as these are the most preferred type of vehicles used for commercial purposes.

Regional Analysis of Global Automotive Chassis Systems Market:

• In terms of region, the global Automotive Chassis systems market has been segregated into North America, Europe, Asia Pacific, and Rest of World.  During 2018, Asia Pacific held the leading share of the global market followed by Europe and North America. Rising domestic demand of vehicles in China & India has boosted the automotive chassis system market in Asia Pacific region.

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Prominent players operating in the global Automotive Chassis systems market include American Axle & Manufacturing, Benteler International AG, Continental AG, Robert Bosch GmbH, and ZF Friedrichshafen AG.

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Automotive Engine Air Filter Market Set to Surge Significantly the COVID-19 During 2020-2030

According to the report, the global automotive engine air filter market is projected to reach ~US$ 700 Mn by 2030, expanding at a CAGR of ~2% during the forecast period. Increase in per capita income and spending power of consumers is prompting them to own vehicles, which is a key factor fueling the automotive engine air filter market globally. The adoption of automotive components that boost vehicle fuel-efficiency by automakers is anticipated to propel the demand for engine air filter and subsequently, drive the global automotive engine air filter market.

Expansion of Automotive Engine Air Filter Market

Several government organizations and regulatory bodies, worldwide, are establishing new vehicle standards and enacting stringent regulations pertaining to vehicle emission. For instance, in India, BSVI regulations is expected to be implemented from April 2020 onwards. Countries in Europe are adhering to Euro 6 vehicle standards, which mandate automakers to reduce vehicle emissions.

Engine air filter provides dust-free clean air to the engine combustion chamber, enriching the air-fuel mixture, which ensures complete burning of fuel, thereby reducing vehicle emissions. This, in turn, is driving the global automotive engine air filter market. Rich air fuel enhances the vehicle performance and improves quality of driving. The expansion of the e-Commerce industry is boosting the demand for shipping and transportation. This, in turn, is increasing the miles driven by vehicles. The vehicle engine air filter requires frequent replacement, as a vehicle covers more kilometers. This, in turn, offers lucrative opportunity to both OEM and aftermarket players operating in the global engine air filter market.

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Regional Analysis of Automotive Engine Air Filter Market

In terms of region, the global automotive engine air filter market has been segregated into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. In terms of region, Asia Pacific is likely to emerge as a highly lucrative market for automotive engine air filter, driven by the demand for passenger vehicles in countries including China, India, Indonesia, New Zealand, and Malaysia in the region. Moreover, China, in Asia Pacific, has well-established aftermarket that caters to the automotive industry. The well-established supply chain also serves the automotive industry. Moreover, collaborations among automotive engine air filter market players and automakers in Asia Pacific are further boosting the automotive engine air filter market in the region.

Rising trends toward electric vehicles globally is likely to hamper the automotive engine air filter market. Rise in revised taxes due to Brexit is likely to hinder production and sales of automobiles in Europe, which in turn is estimated to restrain the overall automotive industry in the region.

Key Companies in Automotive Engine Air Filter Market

Prominent players operating in the global automotive engine air filter market include A. L. Filter, ALCO Filter, Baldwin Filtering Medium, Cummins, DENSO CORPORATION, Donaldson Company, Inc., Fildex Filter Canada Corp., Filtrak BrandT GmbH, K&N Engineering, MAHLE International, Mann+Hummels, Nevsky Filter, North American Filter Corp., Robert Bosch GmbH, Siam Filtering Medium, Sogefi SpA, and UFI Filter SpA.

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The development of automotive components undertaken by several key players are likely to propel the automotive engine air filter market during the forecast period. For instance, major players, including Sogefi SpA and Filtrak BrandT GmbH, in the automotive engine air filter market are focused on developing cost-effective and reusable engine air filters that cater to consumer demands.

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Automotive Drive Assist System Market Poised to Expand at a Robust Pace Over the COVID-19 by 2019-2027

• Demand for connected vehicles powered by artificial intelligence to enhance driving experience of users is increasing. Governments of several countries across the globe are concentrating on enhancing passenger safety in order to reduce fatalities caused in road accidents. For instance, according to the data published by WHO, approximately 1.35 million people die each year as a result of road traffic crashes.
• In order to address vehicle safety concerns, several companies operating in the vehicle industry are installing drive assist systems in vehicles. For instance, vehicles are now equipped with advanced GPS systems to assist drivers. The market penetration of drive assist systems is expected to witness rapid growth in premium and mid segment vehicles in developed and emerging economies.

Key Drivers of Global Automotive Drive Assist System Market

• Rise in road fatalities globally, owing to driver negligence, lack of prior terrain knowledge, unexpected terrain shifts, especially off roads, highways, and expressways are driving the demand for vehicles with advanced safety features. Moreover, reinforcement of safety norms and standards by regulatory bodies and governments related to road travel have led to the development of advanced drive assistance systems. These systems warn the driver in advance, thus assisting in avoiding driving mistakes. This factor is projected to boost the demand for automotive drive assist systems, thereby increasing safety of passengers and reducing possibilities of road accidents.
• Major auto manufacturers, including ZF Friedrichshafen, Peugeot, BMW, Volvo, BMW, Audi, and Mercedes are offering advanced features in vehicles, such as traction control, automatic braking, cruise control, parking assist, distance alert using sensors supported with driver assist technologies that increases drivers’ alertness, and driver fatigue monitoring systems, which comprise cameras, biomedical sensors, and driver inputs. This is likely to augment the demand for drive assist systems in the near future.
• Several manufacturers are announcing the launch of IoT connected vehicles powered by AI, which will help in reducing drivers’ errors and improve performance using driver fatigue monitoring systems and driver alertness systems. This is likely to propel the demand for safety systems. Additionally, numerous collaborations among system manufacturers and OEMs are taking place to develop sophisticated and advanced systems to reduce road traffic accidents. These factors are anticipated to boost the global automotive drive assist system market during the forecast period.

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Passenger Vehicle Type Segment to Offer Attractive Opportunities

• Number of passenger vehicles on road is more as compared to commercial vehicles. Governments of developed and developing countries are planning to mandate pre-installment of drive assist systems in vehicles to enhance safety. For instance, automatic emergency braking and damage waiver for rental vehicles are being mandated by regulating authorities in Europe. All these factors are likely to fuel the adoption of drive assist systems.

Asia Pacific Automotive Drive Assist System Market to Witness Growth

• After North America, Asia Pacific is the most lucrative market for automotive drive assist systems, owing to economic development and increase in purchasing power of people in the region. The demand for luxury vehicles and safety features is propelling the growth of the market in Asia Pacific. Safety regulations are expected to be implemented in countries, such as China, Japan, and South Korea, in order to curb road fatalities. These factors are likely to drive the Asia Pacific automotive drive assist system market.

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Automotive Proximity Sensor Market Strategies and Forecasts 2027

• Proximity sensors are a type of motion detect sensors that recognize movement without physical input from sensing object
• Technological developments in the automotive industry, in terms of safety & security systems, hybrid vehicles, autonomous vehicles, and autonomous trains, which incorporate proximity sensors, are driving the market for automotive proximity sensors

Key Drivers of Global Automotive Proximity Sensor Market

• Autonomous technologies, such as parking assist system and ADAS, incorporate various sensors, including temperature sensors, motion detectors, photon sensors, etc. These sensors are vital to autonomous systems and generate necessary data required for efficient and accurate working.
• The demand for advanced driver-assistance systems (ADAS) that monitor, warn, and control braking and vehicle steering automatically is expected to rise, owing to regulatory and consumer interest in safety applications that protect passengers and reduce accident fatalities. For instance, the U.S. and the EU have mandated that vehicles must be equipped with autonomous emergency-braking systems (AEB) and forward-collision warning (FCW) systems by 2020. This is driving the market for automotive proximity sensors.

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Capacitive Proximity Sensors Segment to Hold Major Share

• Capacitive proximity sensors are low cost, low maintenance, reliable, and possess high power consumption ratings. Moreover, capacitive proximity sensors detect both metallic and non-metallic objects, which is an advantage over inductive proximity sensors that only sense metallic objects.
• Capacitive proximity sensors are used widely in applications such as connected cars, connected homes, intelligent transportation, etc. These factors are likely to drive the segment during the forecasted period.

Automotive End-use Industry Segment to Offer Lucrative Opportunities

• Connected vehicles and autonomous vehicles are key developments in the automotive industry. Economic developments increase per capita income of consumers, thereby increasing their standard of living. Increase in demand for luxury and comfort vehicles can be attributed to the rise in per capita income, which is another factor fueling the demand for autonomous vehicles. Vehicles incorporating AEB, ADAS, FCW, and PAS systems are driving the market for automotive proximity sensors.
• Technological advancements in countries like Japan, China and India have increased domestic production of smartphones. This, in turn, made them cheaper. Technologies, such as GPS, cameras, and displays, which use proximity sensors for motion detection, and location sensing in smartphones, have also become cheaper. These factors are projected to propel the growth of the global automotive proximity sensor market during the forecasted period.

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North America to Dominate Global Automotive Proximity Sensor Market

• Proximity sensors can ascertain the motion of objects in the vicinity of a vehicle and help AI systems to make appropriate decisions, thereby increasing their popularity in automation and the automotive industry
• The dominance of North America can be attributed to developments in autonomous vehicles, autonomous systems, and increased industrial automation in the region
• Rapid industrialization and economic developments in the Asia Pacific region are attracting investors in countries such as China and India. Moreover, increase in smartphone production, vehicle production, and their sales are fueling the market for automotive proximity sensors in the region.

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