PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1401121
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1401121
Asia-Pacific Chemical Sensors Market, By Product Type ; By Application ; By Country, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
Asia-Pacific Chemical Sensors Market Size Expands at CAGR of 7.3% During 2023-2029, to Touch USD 8.1 Billion by 2029
Asia-Pacific Chemical Sensors Market is gaining traction because of the rapid adoption of chemical sensors in healthcare and biomedical sector and growing usage of chemical sensors in indoor monitoring and homeland security applications.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated the Asia-Pacific Chemical Sensors Market size at USD 4.9 billion in 2022. During the forecast period between 2023 and 2029, BlueWeave expects the Asia-Pacific Chemical Sensors Market size to grow at a CAGR of 7.30% reaching a value of USD 8.1 billion by 2029. The growing use cases of chemical sensors in the biopharmaceutical and healthcare sector, together with the emergence of new discoveries and advances, are major driving factors for the Asia-Pacific Chemical Sensors Market.
Opportunity: Rising application of chemical sensors in agriculture sector
Major Asia-Pacific countries, such as India, China, and Vietnam, are highly agriculture-based economies. However, their agriculture is mostly traditional and does not involve the use of technology, such as IoT or sensors. The lack of usage offers great growth potential to the chemical sensors. These sensors are gaining traction in agriculture for various purposes, including soil nutrient detection, fertilization, and detection of soil microelements and pollutants. To maintain the current pH level for the duration of a crop's life cycle, or to adjust it, electrochemical sensors are used to monitor and analyze the quality of the soil. The increasing number of greenhouse-based farming establishments is also playing crucial role in fueling the growth of the Asia-Pacific chemical sensors market.
Impact of Escalating Geopolitical Tensions on Asia-Pacific Chemical Sensors Market
The intensifying geopolitical tensions in the world 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 October 7, as reported by Al Jazeera.
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 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, in turn, 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 - By Product
Based on product, the Asia-Pacific Chemical Sensors Market is segmented into electrochemical, optical, and pellistor/catalytic beads. The electrochemical sensor segment holds the largest share in the Asia-Pacific Chemical Sensors Market. 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.
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, Siemens, 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.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and the Asia-Pacific Chemical Sensors Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in the Asia-Pacific Chemical Sensors Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. Asia-Pacific Chemical Sensors Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Surging Usage in Healthcare and Biomedical Sectors
- 3.2.1.2. Growing Usage of Chemical Sensors in Indoor Monitoring and Homeland Security Applications
- 3.2.2. Restraints
- 3.2.2.1. High Cost Associated with Advanced Chemical Sensing Technologies
- 3.2.2.2. Environmental Concerns Related to the Production and Disposal of Chemical Sensors
- 3.2.3. Opportunities
- 3.2.3.1. Developments in Miniaturized and Portable Electrochemical Sensors
- 3.2.3.2. Rising Investments in New Plants in Gas and Oil
- 3.2.4. Challenges
- 3.2.4.1. Issues Associated with Security and Privacy of Data Collected by Chemical Sensors
- 3.2.1. Growth Drivers
- 3.3. Technological Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. Asia-Pacific Chemical Sensors Market Overview
- 4.1. Market Size & Forecast by Value & Volume, 2019-2029
- 4.1.1. By Value (USD Billion)
- 4.2. Market Share & Forecast
- 4.2.1. By Product Type
- 4.2.1.1. Electrochemical
- 4.2.1.2. Optical
- 4.2.1.3. Pellistor/Catalytic Bead
- 4.2.2. By Application
- 4.2.2.1. Oil & Gas
- 4.2.2.2. Military and Defense
- 4.2.2.3. Medical
- 4.2.2.4. Automotive
- 4.2.2.5. Others
- 4.2.3. By Country
- 4.2.3.1. China
- 4.2.3.2. India
- 4.2.3.3. Japan
- 4.2.3.4. South Korea
- 4.2.3.5. Australia & New Zealand
- 4.2.3.6. Indonesia
- 4.2.3.7. Malaysia
- 4.2.3.8. Singapore
- 4.2.3.9. Vietnam
- 4.2.3.10. Rest of APAC
- 4.2.1. By Product Type
5. China Chemical Sensors Market Overview
- 5.1. Market Size & Forecast by Value & Volume, 2019-2029
- 5.1.1. By Value (USD Billion)
- 5.2. Market Share & Forecast
- 5.2.1. By Product Type
- 5.2.2. By Application
- 5.2.3. By Sales Channel
6. India Chemical Sensors Market Overview
- 6.1. Market Size & Forecast by Value & Volume, 2019-2029
- 6.1.1. By Value (USD Billion)
- 6.2. Market Share & Forecast
- 6.2.1. By Product Type
- 6.2.2. By Application
- 6.2.3. By Sales Channel
7. Japan Chemical Sensors Market Overview
- 7.1. Market Size & Forecast by Value & Volume, 2019-2029
- 7.1.1. By Value (USD Billion)
- 7.2. Market Share & Forecast
- 7.2.1. By Product Type
- 7.2.2. By Application
- 7.2.3. By Sales Channel
8. South Korea Chemical Sensors Market Overview
- 8.1. Market Size & Forecast by Value & Volume, 2019-2029
- 8.1.1. By Value (USD Billion)
- 8.2. Market Share & Forecast
- 8.2.1. By Product Type
- 8.2.2. By Application
- 8.2.3. By Sales Channel
9. Australia & New Zealand Chemical Sensors Market Overview
- 9.1. Market Size & Forecast by Value & Volume, 2019-2029
- 9.1.1. By Value (USD Billion)
- 9.2. Market Share & Forecast
- 9.2.1. By Product Type
- 9.2.2. By Application
- 9.2.3. By Sales Channel
10. Indonesia Chemical Sensors Market Overview
- 10.1. Market Size & Forecast by Value & Volume, 2019-2029
- 10.1.1. By Value (USD Billion)
- 10.2. Market Share & Forecast
- 10.2.1. By Product Type
- 10.2.2. By Application
- 10.2.3. By Sales Channel
11. Malaysia Chemical Sensors Market Overview
- 11.1. Market Size & Forecast by Value & Volume, 2019-2029
- 11.1.1. By Value (USD Billion)
- 11.2. Market Share & Forecast
- 11.2.1. By Product Type
- 11.2.2. By Application
- 11.2.3. By Sales Channel
12. Singapore Chemical Sensors Market Overview
- 12.1. Market Size & Forecast by Value & Volume, 2019-2029
- 12.1.1. By Value (USD Billion)
- 12.2. Market Share & Forecast
- 12.2.1. By Product Type
- 12.2.2. By Application
- 12.2.3. By Sales Channel
13. Vietnam Chemical Sensors Market Overview
- 13.1. Market Size & Forecast by Value & Volume, 2019-2029
- 13.1.1. By Value (USD Billion)
- 13.2. Market Share & Forecast
- 13.2.1. By Product Type
- 13.2.2. By Application
- 13.2.3. By Sales Channel
14. Rest of APAC Chemical Sensors Market Overview
- 14.1. Market Size & Forecast by Value & Volume, 2019-2029
- 14.1.1. By Value (USD Billion)
- 14.2. Market Share & Forecast
- 14.2.1. By Product Type
- 14.2.2. By Application
- 14.2.3. By Sales Channel
15. Competitive Landscape
- 15.1. List of Key Players and Their Offerings
- 15.2. Asia-Pacific Chemical Sensors Company Market Share Analysis, 2022
- 15.3. Competitive Benchmarking, By Operating Parameters
- 15.4. 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)
- 17.1. Smiths Detection (Asia Pacific) Pte Ltd
- 17.2. Yokogawa Electric Corporation
- 17.3. AirTest Technologies Inc.
- 17.4. Honeywell International Inc.
- 17.5. Pepperl+Fuchs Group
- 17.6. Omron Corporation
- 17.7. Balluff GmbH
- 17.8. Siemens
- 17.9. Sika AG
- 17.10. Other Prominent Players
18. Key Strategic Recommendations
19. Research Methodology
- 19.1. Qualitative Research
- 19.1.1. Primary & Secondary Research
- 19.2. Quantitative Research
- 19.3. Market Breakdown & Data Triangulation
- 19.3.1. Secondary Research
- 19.3.2. Primary Research
- 19.4. Breakdown of Primary Research Respondents, By Region
- 19.5. 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
