Technology & Telecommunications

According to a market report by Lucintel, the future of the environmental sensor market looks promising with opportunities in the smart home automation, smart office automation, and smart city applications. The global environmental sensor market is expected to reach an estimated $1.9 billion by 2028 with a CAGR of 8.5% from 2023 to 2028. The major drivers for this market are increasing use of environmental sensors in consumer goods like HVAC (heating, ventilation, and air conditioning) and air purifiers, and stringent government regulations to control air pollution.



In this market, indoor, outdoor, and portable are the major segments of environmental sensor market by location. Lucintel forecast that indoor will remain the largest segment over the forecast period due to technological advancements, such as Wi-Fi, ZigBee, and bluetooth has increased the usage of these sensors in monitoring air quality of indoor environment.         . 

Within this market, smart city is expected to remain the largest segment due to the increasing usage of environmental sensors to track CO2, noise, light, temperature, and humidity in the smart city environment. 



North America will remain the largest region due to the increasing application of these sensors in the commercial and HVAC applications and strict government regulations for the protection of the environment in the region.

Bosch Sensortec, Sensirion, ams AG, Honeywell, and Siemens are the major suppliers in the global environmental sensor market.  



Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global environmental sensor market by product type, location, application, end use industry, and region. Lucintel has compiled a comprehensive research report entitled “Growth Opportunities in the Global Environmental Sensor Market 2023-2028: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global environmental sensor market by product type, location, application, end use industry, and region, as follows:

This more than 150-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or email us at helpdesk@lucintel.com.

 

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. Lucintel offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.

 

Q.1. What are some of the most promising, high-growth opportunities for the environmental sensor market by product type (temperature, humidity, air quality, ultraviolet, integrated, soil moisture, and water quality), location (indoor, outdoor, and portable), application (smart home automation, smart office automation, smart city, and others), end use industry (commercial, enterprise, consumer electronics, residential, healthcare and pharmaceutical, government agencies and public utilities, and industrial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?

Q.2. Which segments will grow at a faster pace and why?

Q.3. Which region will grow at a faster pace and why?

Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?

Q.5. What are the business risks and competitive threats in this market?

Q.6. What are the emerging trends in this market and the reasons behind them?

Q.7. What are some of the changing demands of customers in the market?

Q.8. What are the new developments in the market? Which companies are leading these developments?

Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?

Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?

Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?