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Report Overview
The global gas sensor market attained a value of nearly USD 1,026.98 million in 2023. The market is further expected to grow in the forecast period of 2024-2032 at a CAGR of 6.6% to reach about USD 1,826.45 million by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global gas sensor market attained a value of nearly USD 1,026.98 million.
The market is projected to grow at a CAGR of 6.6% between 2024 and 2032.
The market is estimated to witness healthy growth in the forecast period of 2024-2032, reaching a value of around USD 1,826.45 million by 2032.
The major market drivers include rapid urbanisation and industrialisation and the rising demand for gas sensors in various end-use sectors, including automotive, healthcare, and defence and military, among others.
The key trends guiding the market growth are the growing integration of nanotechnology in gas sensors and the surging demand for detecting and monitoring gases in the oil and gas and chemical sectors.
The market is broken down into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa.
By gas type, the market is divided into carbon monoxide, methane, hydrogen, ammonia, oxygen, and others.
Based on technology, the market is broken down into infrared gas sensor, photo ionisation sensor, electrochemical gas sensor, thermal conductivity gas sensor, metal oxide-based gas sensor, catalytic gas sensor, and others.
Defence and military, healthcare, consumer electronics, automotive and transportation, and industrial, among others, are the major end users of gas sensors.
The competitive landscape consists of Amphenol Corporation, Alphasense, Inc., Dynament Limited, Gastec Corporation, and Honeywell International Inc., among others.
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