The research study involved 4 major activities in estimating the size of the market. Exhaustive secondary research has been done to collect important information about the market and peer markets. The validation of these findings, assumptions, and sizing with the help of primary research with industry experts across the value chain has been the next step. Both top-down and bottom-up approaches have been used to estimate the market size. Post which the market breakdown and data triangulation have been adopted to estimate the market sizes of segments and sub-segments.
Secondary Research
In the secondary research process, sources such as company websites, annual reports, press releases, investor presentations of companies, trade articles, white papers, and articles by recognized authors were referred to. Secondary research was done to obtain key information about the market’s value chain, the pool of key market players, and market segmentation according to industry trends, regions, and developments from market and technology-oriented perspectives.
In the gas sensor market report, the global market size has been estimated using both the top-down and bottom-up approaches, along with several other dependent submarkets. The major players in the market were identified using extensive secondary research, and their presence in the market was determined using secondary and primary research. All the percentage shares splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Primary Research
Primary interviews have been conducted to gather insights such as market statistics, data on revenue collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also helped understand the trends related to technologies, applications, and regions. Stakeholders from the demand side, such as CIOs, CTOs, CSOs, and installation teams of the customers/end users who are using gas sensor, have been interviewed to understand the buyer’s perspective on the suppliers, manufacturers, service providers, and their current usage of gas sensors and the outlook of their businesses, which will affect the overall gas sensor market. Approximately 30% of primary interviews have been conducted with the demand side and 70% with the supply side. The primary data has been collected through telephonic interviews, questionnaires, and emails.
After successful interaction with industry experts, brief sessions were conducted with highly experienced independent consultants to reinforce the findings of our primary research. This, along with the in-house subject matter experts’ opinions, has led us to the findings as described in the report.
Note: “Others” includes sales, marketing, and product managers
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the market engineering process, the top-down and bottom-up approaches and several data triangulation methods have been used to perform the market size estimation and forecasting for the overall market segments and sub-segments listed in this report. Extensive qualitative and quantitative analyses have been performed on the complete market engineering process to list key information/insights throughout the report. The research methodology used to estimate the market sizes includes the following:
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Identifying top-line investments and spending in the ecosystem and considering segment-level splits and major market developments
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Identifying different stakeholders in the gas sensor market that influence the entire market, along with participants across the supply chain
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Analyzing major manufacturers in the gas sensor market and studying their solutions
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Analyzing trends related to the adoption of gas sensors
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Tracking recent and upcoming market developments, including investments, R&D activities, product launches, expansions, agreements, collaborations, acquisitions, contracts, and partnerships, as well as forecasting the market size based on these developments and other critical parameters
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Carrying out multiple discussions with key opinion leaders to identify the adoption trends of gas sensors
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Segmenting the overall market into various other market segments
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Validating the estimates at every level through discussions with key opinion leaders, such as chief executives (CXOs), directors, and operation managers, and finally with the domain experts at MarketsandMarkets
Gas Sensor Market : Top-Down and Bottom-Up Approach
Bottom-Up Approach
The bottom-up approach has been used to arrive at the overall size of the gas sensor market from the revenues of the key players and their share in the market. Calculations based on revenues of the key companies identified in the market led to an estimation of their overall market size.
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits obtained from secondary and primary research. For the calculation of the gas sensor market segments, the market size obtained by implementing the bottom-up approach was used to implement the top-down approach, which was later confirmed with the primary respondents across different regions. The bottom-up approach has also been implemented for the data extracted from secondary research to validate the market size of various segments.
The approximate market share of each company has been estimated to verify revenue shares used earlier in the bottom-up approach. With the help of the data triangulation procedure and the validation of data through primary interviews, the overall market size and the market sizes for the segments have been determined and confirmed in this study. The data triangulation procedure used for this study has been explained in the next section.
Data Triangulation
After arriving at the overall market size through the above process, the market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, market breakdown and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both the top-down and bottom-up approaches.
Market Definition
A gas sensor is a device for the detection of the presence and concentration of gases in an environment. Gas sensors function by identifying the particular physical or chemical properties of gases, either their molecular composition or reaction with specific materials. Gas sensors are highly sensitive and selective and are able to detect traces of gases while being specific in their detection to targeted gases, rather than any others within the air. Its output is usually an electrical signal correlated to the concentration of the detected gas, therefore useful for monitoring and controlling processes accurately.
Gas sensors have a variety of applications in different fields. They help ensure safety in industries through the detection of toxic or explosive gases to prevent accidents. In environmental monitoring systems, they determine the purity of air, and one can measure the degree of their pollution. In healthcare field, gas monitors are used in monitoring air for respiratory purposes and assurance of safe anesthesia levels that are applied to patients prior to surgery. The automotive industry uses gas sensors to detect the emissions from the vehicle, while the domestic gas sensors enhance safety by detecting potential leaks from appliances like stoves or heaters.
Key Stakeholders
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Raw material suppliers
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Component manufacturers and providers
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Sensor manufacturers and providers
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Original equipment manufacturers
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ODM and OEM technology and solution providers
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Software service providers
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Gas sensing sensors and devices suppliers and distributors
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Market research and consulting firms
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Associations, organizations, forums, and alliances related to the gas sensor industry
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Technology investors
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Governments and financial institutions
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Venture capitalists, private equity firms, and startups
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End users
Report Objectives
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To define, describe, segment, and forecast the size of the gas sensor market, in terms of value, based on product, output type, connectivity, technology, type, end user, and region
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To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW)
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To define, describe, segment, and forecast the size of the gas sensor market, in terms of volume, based on gas type
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To provide detailed information regarding drivers, restraints, opportunities, and challenges influencing the growth of the market
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To provide an ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter's five forces analysis, investment and funding scenario, and regulations pertaining to the market
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To provide a detailed overview of the value chain analysis of the gas sensor ecosystem
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To strategically analyze micromarkets with regard to individual growth trends, prospects, and contributions to the total market
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To analyze opportunities for stakeholders by identifying high-growth segments of the market
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To strategically profile the key players, comprehensively analyze their market positions in terms of ranking and core competencies, and provide a competitive market landscape.
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To analyze strategic approaches such as product launches, acquisitions, agreements, and partnerships in the gas sensor market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
Country-wise Information:
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Country-wise breakdown for North America, Europe, Asia Pacific, and Rest of the World
Company Information:
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Detailed analysis and profiling of additional market players (up to five)
Gagan
Mar, 2017
We need information regarding Gas sensors specifically in the medical industry. In Europe, Ireland and UK are the target markets, this is required for university research project..
User
Nov, 2020
AerNos will change the world.
User
Sep, 2019
HVAC comprises a number of gas sensors uses to monitor the indoor air and control the ventilation. Do you have gas sensor data for HVAC applications in APAC?.
Alexander
Jul, 2017
Does the report include price and necessary measurement rages for low cost MOX sensors? Can you provide any comparison of these sensors with Electrochemical sensors?.
Aaron
Sep, 2018
Could I get a sample report? I want to get a sense of what type of data I would get if we buy this report.
User
Sep, 2019
The government mandates is one of the major factor influencing the growth of gas sensor market. What would be impact of government mandates in long term like after 3 years and 5 years? .
James
Nov, 2016
I need to know some additional coverage details on this report, specifically if the gas type is expanded beyond the description. BTEX, bio-aerosols, microorganism's, and other carbon/biologic compounds are of specific interest..
User
Sep, 2019
The VOC sensor is widely used these days in smart cities and building applications. How do you look towards the use of VOCs in consumer electronics applications? Do you have VOC market estimations for various applications?.
User
Nov, 2019
There has been a huge research in the use of miniaturized and wireless gas sensors. How do you look towards the use of miniaturized gas sensors used in portable sensors? Do you have MEMS gas sensor forecasts for next 5 years? .
Giriraj
Jul, 2019
We are building an application that uses sensors and provides critical alarms for threshold violations. This report will help us to gauge the market and align our product accordingly. Can you share the report brochure or sample? .
Valentina
Jul, 2017
Good evening, I'm an Italian student and for study purposes, I'm interested in the market forecasts for MOS-type gas sensors only. Aware I'm asking a lot, do you think I could have some information in that field only?.
David
Jul, 2019
I am a graduate student researching gas sensor use cases and market sizing in smart cities. Specifically I am interested in optical and metal oxide detectors..
Kannan
Jun, 2018
We are looking for market sizes of Gas sensors for gases like ammonia, CO, hydrocarbons. Further, we are more interested in Electrochemical type gas sensors..
Hiroki
Jun, 2017
We’d mainly like to know the below points. As you may guess, we are working on an investigation into specifically CO2 sensor companies market analysis and opportunity. 1. Market size transition (actual to forecast) of CO2 Sensors market by below segments and factors. A) For building use B) For smart house use C) For automotive use D) For IoT use 2. Competitor intelligence (incl. strategy, SWOT analysis) A) Sense Air - Sweden B) Amphenol – U.S. C) Cubic - China D) Figaro Engineering - Japan E) Others .
User
Mar, 2019
Automotive and transportation sector is the most important application of gas sensors. Do you have market estimations for oxygen and NOx gas sensors used for the monitoring of in-cabin air quality monitoring?.
Jingyao
Jan, 2019
I am a doctoral student with specialization in gas sensor field. I want to learn more from the report brochure so that I could better understand industry dynamics in this field. Can you please share the brochure with me?.
Oliver
Jan, 2017
Does the report provide insights on MEMS-based gas sensors and their market potential in general and especially in consumer electronics, environmental and building automation applications?.