Gas-Sensor Market Blowing Up To $1.3 Billion By 2023

According to a MarketsandMarkets research report on the "Gas Sensors Market by Gas Type, Technology, End-Use Application, Geography - Global Forecast 2023", the gas-sensor market is expected to be valued at $1,297.6 Million by 2023, at a CAGR of 6.83% between 2017 and 2023.

Major factors driving growth are increasing enforcement of occupational health and safety regulations by government, MEMS-based sensors, development of miniaturized wireless sensors, and increasing awareness of air quality control.

Infrared technology is expected to hold the largest market size by 2023

Oxygen gas sensors to hold the largest market share in 2023

The consumer electronics end-use application to grow at the highest rate

APAC region to be the highest growing region

The report also profiles the most promising players in this market. The competitive landscape of the market presents an interesting picture where a large number of players have become a force to reckon with. The key players in this market are City Technology Ltd (UK), Dynament (UK), Alphasense (UK), Amphenol Corporation (US), Bosch Sensortec (Germany), ams AG (Austria), SenseAir AB (Sweden), Figaro Engineering Inc. (Japan), Membrapor AG (Switzerland), and Sensirion AG (Switzerland), and MSA (US).