Chemical Sensor Market Embeds AI Algorithms for Hardware Innovations
The Business Research Company Global Chemical Sensors Market Report 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 20, 2022 /EINPresswire.com/ — Artificial intelligence (AI) is an emerging trend chemical sensor market. Artificial intelligence is increasingly being used in chemical sensors to help identify and quantify the ubiquitous mix of chemicals that make up the environment. The ability of new AI algorithms to seamlessly integrate with chemical sensors for hardware innovations and robust additive manufacturing technologies is impressive.
The global chemical sensor market size is expected to grow from USD 26.38 billion in 2021 to USD 28.38 billion in 2022 at a compound annual growth rate (CAGR) of 7.6%. The market growth is mainly driven by businesses resuming operations and adapting to the new normal while recovering from the impact of COVID-19, which previously led to restrictive lockdown measures involving social distancing , remote working and closing business activities. which resulted in operational difficulties. The chemical sensor market is expected to reach $37.42 billion in 2026 with a CAGR of 7.2%.
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The increasing use of chemical sensors in the automotive industry is expected to drive the industry growth of the chemical sensors market over the forecast period. Automobile traffic is the main source of exhaust gases. Chemical sensors and measurement technology can help improve engine performance, increase fuel efficiency and reduce pollutant emissions. For example, in January 2021, Gentex Corporation, a US-based high-tech electronics company, introduced nanofiber sensing technology to detect a wide range of chemicals, ranging from explosives to volatile organic compounds, with applications in a variety of industries, including automotive, aerospace, and others. The company is currently working on a variation of this technology with an autonomous vehicle manufacturer to provide the first smoke detector developed to identify smoke and fumes in the vehicle’s environment. According to the analysis of the global chemical sensors market, the increasing use of chemical sensors in the automotive industry is propelling the growth of the market.
The major players covered in the global chemical sensor industry are Honeywell International Inc., Siemens AG, Halma PLC, Denso Corporation, Emerson Electric, General Electric, Intelligent Optical Systems, SICK AG, Alpha MOS and The Bosch Group.
The global TBRC Chemical Sensors market research report is segmented by Product Type into Optical, Pallister or Catalytic Bead, Others, by Particle Type into Liquid, Gas, by Detection Method into pH Sensors, Sensors humidity sensors, biosensors, by end user in automotive, medical, environmental monitoring, industrial, others.
Global Chemical Sensors Market Report 2022– By product type (optical, Pallister or catalytic bead), by particle type (liquid, gas), by detection method (pH sensors, humidity sensors, biosensors), by end user (automotive, medical, surveillance Environmental, Industrial) – Global Market Size, Trends and Forecasts 2022-2026 is part of a series of new reports by The Business Research Company that provides Chemical Sensors Market overview, Chemical Sensors Market forecast, size Global Chemical Sensors Market Report and Growth for Overall, Chemical Sensors Market Segments, Geographies, Chemical Sensors Market Trends, Chemical Sensors Market Drivers, Major Constraints, Revenues, Profiles and Market Shares competitors.
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