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Asia Pacific Chemical Sensors Market
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Asia Pacific Chemical Sensors Market

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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.

Asia Pacific Chemical Sensors Market

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 Share

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

  • 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

  1. Research Framework
    1. Research Objective
    2. Product Overview
    3. Market Segmentation
  2. Executive Summary
  3. Asia-Pacific Chemical Sensors Market Insights
    1. Industry Value Chain Analysis
    2. DROC Analysis
      1. Growth Drivers
        1. Surging Usage in Healthcare and Biomedical Sectors
        2. Growing Usage of Chemical Sensors in Indoor Monitoring and Homeland Security Applications
      2. Restraints
        1. High Cost Associated with Advanced Chemical Sensing Technologies
        2. Environmental Concerns Related to the Production and Disposal of Chemical Sensors
      3. Opportunities
        1. Developments in Miniaturized and Portable Electrochemical Sensors
        2. Rising Investments in New Plants in Gas and Oil
      4. Challenges
        1. Issues Associated with Security and Privacy of Data Collected by Chemical Sensors
    3. Technological Advancements/Recent Developments
    4. Regulatory Framework
    5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
  4. Asia-Pacific Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
        1. Electrochemical
        2. Optical
        3. Pellistor/Catalytic Bead
      2. By Application
        1. Oil & Gas
        2. Military and Defense
        3. Medical
        4. Automotive
        5. Others
      3. By Country
        1. China
        2. India
        3. Japan
        4. South Korea
        5. Australia & New Zealand
        6. Indonesia
        7. Malaysia
        8. Singapore
        9. Vietnam
        10. Rest of APAC
  5. China Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  6. India Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  7. Japan Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  8. South Korea Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  9. Australia & New Zealand Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  10. Indonesia Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  11. Malaysia Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  12. Singapore Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  13. Vietnam Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  14. Rest of APAC Chemical Sensors Market Overview
    1. Market Size & Forecast by Value & Volume, 2019–2029
      1. By Value (USD Billion)
    2. Market Share & Forecast
      1. By Product Type
      2. By Application
      3. By Sales Channel
  15. Competitive Landscape
    1. List of Key Players and Their Offerings
    2. Asia-Pacific Chemical Sensors Company Market Share Analysis, 2022
    3. Competitive Benchmarking, By Operating Parameters
    4. Key Strategic Development (Mergers, Acquisitions, Partnerships, etc.)
  16. Impact of Covid-19 on Asia-Pacific Chemical Sensors Market
  17. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
    1. Smiths Detection (Asia Pacific) Pte Ltd
    2. Yokogawa Electric Corporation
    3.  AirTest Technologies Inc.
    4. Honeywell International Inc.
    5. Pepperl+Fuchs Group
    6. Omron Corporation
    7. Balluff GmbH
    8. Siemens
    9. Sika AG
    10. Other Prominent Players
  18. Key Strategic Recommendations
  19. Research Methodology
    1. Qualitative Research
      1. Primary & Secondary Research
    2. Quantitative Research
    3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
    4. Breakdown of Primary Research Respondents, By Region
    5. Assumption & Limitation

 

*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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Frequently Asked Questions (FAQs):

Ans: Asia-Pacific Chemical Sensors Market size was estimated at USD 4.9 billion in 2022.
Ans: Asia-Pacific Chemical Sensors Market size is expected to grow at a CAGR of 7.30% during the forecast period between 2023 and 2029.
Ans: Asia-Pacific Chemical Sensors Market size is forecast to reach a value of USD 8.1 billion by 2029.
Ans: Major factors driving the growth of the Asia-Pacific Chemical Sensors Market include surging usage in healthcare and biomedical sectors and growing usage of chemical sensors in indoor monitoring and homeland security applications.
Ans: Key players 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.
Ans: The military & defense segment holds the highest market share in the Asia-Pacific Chemical Sensors Market by application.
Ans: India is expected to grow at the fastest rate in the Asia-Pacific Chemical Sensors Market during the forecast period between 2023 and 2029.