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Environmental Sensor Market Size

  • Report ID: GMI7100
  • Published Date: Oct 2023
  • Report Format: PDF

Environmental Sensor Market Size

Environmental Sensor Market was valued at over USD 1 billion in 2022 and is anticipated to grow at a CAGR of over 5% between 2023 and 2032. IoT enables the seamless integration of sensors into environmental monitoring networks, offering real-time data collection and analysis. Cloud-based services provide a scalable & cost-effective platform for storing and processing the vast amount of data generated by these sensors. This synergy empowers businesses, governments, and research institutions to monitor and respond to environmental changes proactively, from air quality to climate shifts. The ability to make data-driven decisions and address pressing environmental challenges fuels the expansion of the environmental sensor industry.

 

Environmental Sensor Market

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For instance, in April 2021, Siemens launched Sitrans SCM IQ, an Industrial Internet of Things (IIOT) solution for smart condition monitoring. The anomaly detection feature of the system is based on Machine Learning (ML). It enables the detection and prevention of potential incidents at an early stage, thereby reducing maintenance costs and downtimes, and increasing plant performance by up to 10%.

 

Environmental sensors are devices designed to measure and monitor various environmental parameters. They collect data on factors such as temperature, humidity, air quality, pollution levels, and light. These sensors assess environmental conditions, enabling data-driven decisions for purposes ranging from climate monitoring and conservation to industrial safety and urban planning.

 

Cyberattacks on environmental sensors are major concerns due to their vulnerability to a variety of threats. Attackers may target these sensors, which are frequently connected to the internet for data transfer, jeopardizing data accuracy or manipulating readings. Inaccurate environmental assessments will raise concerns in crucial fields such as pollution monitoring, climate research, and disaster forecasting. Furthermore, breaches can provide unwanted access to networks, potentially leading to data theft and system outages. In an increasingly linked world, robust cybersecurity measures are critical to ensuring the integrity and dependability of data collected by environmental sensors.

 

Authors: Suraj Gujar , de

Frequently Asked Questions (FAQ) :

Market size for environmental sensor was worth more than USD 1 billion in revenue in 2022 and is set to expand at over 5% CAGR from 2023 to 2032 owing to increasing adoption by businesses, governments, and research institutions to monitor and respond to environmental changes proactively.

Portable environmental sensor market is poised to witness over 9.5% CAGR from 2023-2032 due to their versatility and convenience in providing on-the-go monitoring capabilities

North America held more than 30% revenue share of the environmental sensor industry in 2022 and is set to expand at notable CAGR through 2032 attributed to the increasing emphasis on environmental sustainability and climate change mitigation.

Some of the leading environmental sensor companies are ams AG, Bosch Sensortec, Honeywell, Sensirion, Siemens, STMicroelectronics, and Texas Instruments.

Environmental Sensor Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 14
  • Tables & Figures: 532
  • Countries covered: 18
  • Pages: 220
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