North American chemical sensor market

Citation

(2005), "North American chemical sensor market", Sensor Review, Vol. 25 No. 3. https://doi.org/10.1108/sr.2005.08725cab.005

North American chemical sensor market

North American chemical sensor market

Keywords: Sensors

Freedonia has also published a study into the North American market for chemical sensors. These are defined here as sensors for measuring the chemical composition of liquids, gases and solids and markets are forecast to expand at an AAGR of 8.5 per cent to surpass $4 billion by 2008. Gains will be driven by new uses for established sensors; falling prices for high performance and/or novel sensors; and by microfabrication and other technological innovations. Optical sensors and biosensors will grow the fastest and the large medical diagnostic market will continue to offer the best opportunities, with annual growth rates approaching double digits. The automotive sector will also record favourable gains, with growth largely due to emerging applications such as cabin air quality and fuel cell sensors and continued strength in the large lambda (oxygen) sensor segment. Other emerging and/or fast growing markets include drug and alcohol detectors, HVAC equipment and indoor air quality sensors, VOC and ozone monitors, explosive detectors and chemical and biological warfare agent detectors. The report notes that, while sales of electronic noses and tongues are currently small, these products have the potential to generate multi-million dollar sales as manufacturers establish the reliability and usefulness of these devices. This study presents historical data (1993, 1998 and 2003) and forecasts to 2008 and 2013 by product type, analyte (liquids, solids and gases) and application.

For further information, please contact: The Freedonia Group, Inc.,