According to current market research conducted by the CMI Team, the Global MEMS Gas Sensor Market is expected to record a CAGR of 7.02% from 2024 to 2033. In 2024, the market size is projected to reach a valuation of USD 7.10 Billion. By 2033, the valuation is anticipated to reach USD 11.93 Billion.
MEMS Gas Sensor Market: Growth Factors and Dynamics
- Rising Demand for Environmental Monitoring: There is a growing demand for precise and reliable environmental monitoring services due to growing concern over air pollution and environmental degradation. MEMS gas sensors also play a significant role in detecting harmful gases in the atmosphere, including carbon monoxide (CO), NO2, and VOCs.
- Growth in the Automotive Industry: The automotive industry is one of the main driving factors for the MEMS-based gas sensor market. MEMS gas sensors are incorporated into automotive vehicles to monitor exhaust emissions, cabin air quality, and fuel consumption levels. As people become more aware of how the world’s environment is degraded through vehicle emissions, car manufacturers invest more in more advanced sensor technologies to enhance vehicle performance and satisfy and meet emission-related standards.
- Advancements in Healthcare Applications: For process control and industry safety, the manufacturing, chemical processing, and oil and gas sectors use MEMS gas sensors. The sensors detect leaks and quantify the concentration of gas, which are vital parameters in ensuring that working conditions are safe and operational processes run smoothly. Real-time monitoring and control improvements require Industry 4.0 technologies and industrial automation processes.
- Consumer Electronics and IoT Integration: Consumer electronics are rapidly being adopted, thanks to which the MEMS gas sensor market is also expanding. These sensors are now incorporated into smart appliances, including smartphones, air cleaners, and home automation appliances, to measure air quality and improve users’ experience. Smart homes and connected objects are booming, and new markets are opening to MEMS gas sensors in HVAC and indoor air quality markets.
- Technological Advancements and Innovations: Ongoing innovation in exploiting MEMS technology and improving sensor features is driving this growth. New materials, particularly nanomaterials and high-performance coatings, improve sensors’ sensing capabilities and allow for the monitoring of additional gases. Furthermore, advanced sensor calibration, data filtering, and enhanced MEMS gas sensing data analysis are a few developments in this area.
- Economic Growth and Industrialization in Emerging Markets: There is a rapidly growing industrial base and increased economic activity, especially in Asia Pacific, Latin America and Africa, creating demand for MEMS gas sensors. The above regions focus on infrastructure improvement, environment analysis, and industrialization, which encourages integrated sensing systems. An increase in manufacturing and automotive industries in countries such as China and India is a major opportunity for MEMS gas sensor manufacturers.
MEMS Gas Sensor Market: Partnership and Acquisitions
- NevadaNano, a pioneer in ESG solutions, closed its Series C funding round in February 2023, with Honeywell Ventures and Emerson Ventures serving as the lead investors. The funding will expand NevadaNano’s suite of sensors and emissions-tracking products, including MethaneTrackâ„¢, GHGTrackâ„¢, and RefrigerantTrackâ„¢. The investment will enable the production and scale of MethaneTrackâ„¢, a low-cost, continuous detection and quantification of methane emissions.
- In May 2022, OMRON Corporation received certification from the Science Based Targets initiative for its greenhouse gas emissions reduction targets in its long-term vision, Shaping the Future 2030 (SF2030). The certification aims to limit global warming to 1.5 degrees Celsius, aligning with the Paris Agreement’s goal. OMRON’s SF2030 includes five key sustainability initiatives: decarbonization and environmental impact reduction.
Report Scope
Feature of the Report | Details |
Market Size in 2024 | USD 7.10 Billion |
Projected Market Size in 2033 | USD 11.93 Billion |
Market Size in 2023 | USD 6.48 Billion |
CAGR Growth Rate | 7.02% CAGR |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Key Segment | By Type, Application, End-user Industry and Region |
Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
Buying Options | Request tailored purchasing options to fulfil your research requirements. |
MEMS Gas Sensor Market: COVID-19 Analysis
The COVID-19 pandemic significantly disrupted the global MEMS gas sensor market. Supply chain constraints owing to lockdowns impacted demand from various industries, such as automotive, healthcare, and others. Production shutdowns and restrictions on cross-border movement of products also affected market expansion.
However, the market experienced a revival, which was due to essential industries, including healthcare and automotive, continuing to support MEMS gas sensors for various facilities. When industries started to revive post-pandemic, the market slowly recovered as more funds flowed into product development, and there was a need to cut down on energy consumption in terms of MEMS gas sensor solutions.
List of the prominent players in the MEMS Gas Sensor Market:
- Amphenol Corporation
- AMS AG
- Asahi Kasei Corporation
- Breeze Technologies
- Figaro Engineering Inc.
- Henan Fosen Electronics Technology.
- K-Free Wireless Ltd.
- KWJ Engineering Inc.
- MinebeaMitsumi Inc.
- NevadaNano
- Omron Corporation
- SGX Sensortech Limited
- TDK Corporation
- Teledyne Gas & Flame Detection
- Winsen Sensor
- Others
The MEMS Gas Sensor Market is segmented as follows:
By Type
- Inflammable Gas
- Toxic Gas
- Others
By Application
- Air Quality Monitoring
- Industrial Safety
- Emission Control
- Research Application
- Storage Monitoring
- Others
By End-user Industry
- Automotive
- Healthcare
- Water & Water Treatment
- Metal Industry
- Building Automation
- Food & Beverage
- Mining Industry
- Power Stations
- Others
Regional Coverage:
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Russia
- Italy
- Spain
- Netherlands
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Taiwan
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America