Infrared Gas Sensor Market Report, Global Industry Analysis, Market Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2023 - 2030

  • Published Date: Jan, 2024
  • Report ID: CR0211708
  • Format: Electronic (PDF)
  • Number of Pages: 177
  • Author(s): Joshi, Madhavi

Report Overview

The Infrared Gas Sensor Market size was estimated at USD 850 million in 2023 and is projected to reach USD 1.6 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 9.50% during the forecast period (2024-2030).

Infrared Gas Sensor Market

(Market Size)
$850 million
$1.6 billion
2023
2030
Source: Citius Research
Study Period 2018 - 2030
Base Year For Estimation 2023
Forecast Data Period 2024 - 2030
CAGR (2024-2030) 9.50%
2023 Market Size USD 850 million
2030 Market Size USD 1.6 billion
Key Players Amphenol, Sensirion AG, MSA Safety, Figaro Engineering, Dynament

Market Summary

The infrared gas sensor market is a critical segment within the broader semiconductor and electronics industry, characterized by its reliance on advanced optical technologies to detect and measure various gases. These sensors operate on the principle of infrared absorption, where specific gases absorb IR radiation at unique wavelengths, allowing for precise identification and quantification. This market is integral to numerous sectors requiring gas detection for safety, environmental monitoring, and process control. Key gases monitored include carbon dioxide, methane, hydrocarbons, and refrigerants, among others. The demand for infrared gas sensors is driven by their advantages over other sensing technologies, such as electrochemical sensors, including higher accuracy, longevity, and reduced susceptibility to poisoning or interference. The market is experiencing steady growth due to increasing regulatory requirements for emission monitoring, workplace safety standards, and the expansion of industrial automation. Manufacturers are continuously innovating to enhance sensor performance, reduce size, and lower costs, making these devices more accessible for a wider range of applications. The competitive landscape includes both established players and emerging companies focusing on technological advancements and strategic partnerships to capture market share.

Key Highlights

The infrared gas sensor market is distinguished by several key highlights that underscore its importance and trajectory. Technological advancements are a primary highlight, with ongoing developments in non-dispersive infrared (NDIR) and tunable diode laser absorption spectroscopy (TDLAS) technologies leading to more sensitive, selective, and reliable sensors. These innovations enable detection at lower concentrations and in challenging environments, expanding application possibilities. Another significant highlight is the increasing integration of IoT and wireless connectivity into gas sensing systems, allowing for real-time data monitoring, remote access, and predictive maintenance capabilities. This connectivity enhances operational efficiency and safety across various industries. The market is also characterized by a strong emphasis on miniaturization and power efficiency, driven by the demand for portable and battery-operated devices in personal safety equipment and environmental monitoring. Furthermore, stringent government regulations worldwide regarding air quality control and industrial emissions are compelling industries to adopt advanced gas detection solutions, thereby boosting market demand. The focus on sustainability and reducing greenhouse gas emissions further amplifies the role of infrared gas sensors in global environmental initiatives.

Drivers, Opportunities & Restraints

The infrared gas sensor market is propelled by several key drivers, including stringent regulatory frameworks mandating gas emission monitoring across industries such as oil and gas, chemicals, and manufacturing. Governments worldwide are implementing strict norms to curb pollution and ensure workplace safety, which necessitates the deployment of reliable gas detection systems. The growing adoption of industrial automation and IoT-based monitoring solutions also acts as a significant driver, enhancing the demand for smart, connected sensors that provide real-time data analytics and improve operational efficiency. Additionally, increasing awareness about indoor air quality and the need for ventilation control in commercial and residential buildings is fostering market growth. Opportunities in this market abound, particularly in the development of multi-gas detection systems that can identify several gases simultaneously, reducing the need for multiple sensors and lowering overall costs. The expansion into emerging applications, such as medical diagnostics (e.g., breath analysis) and automotive emissions testing, presents new revenue streams. However, the market faces restraints, including the high initial cost of infrared sensors compared to traditional technologies like electrochemical sensors, which can deter price-sensitive customers. Technical challenges related to cross-sensitivity and calibration requirements also pose hurdles, alongside the need for periodic maintenance to ensure accuracy, which can increase the total cost of ownership.

Concentration Insights

The competitive concentration in the infrared gas sensor market is characterized by the presence of several well-established players and a growing number of specialized firms focusing on niche applications. Leading companies such as Honeywell International Inc., MSA Safety Incorporated, and Amphenol Corporation dominate the market with their extensive product portfolios, strong R&D capabilities, and global distribution networks. These incumbents benefit from long-standing relationships with key end-users in industries like oil and gas, mining, and chemicals, where reliability and compliance are paramount. The market also features a segment of mid-sized and smaller companies that concentrate on innovative technologies or specific geographic regions, often competing on customization, agility, and cost-effectiveness. Concentration is further influenced by strategic activities such as mergers, acquisitions, and partnerships, which enable companies to expand their technological expertise and market reach. For instance, acquisitions of firms with expertise in optical sensing or software integration help larger players enhance their offerings. While the market is competitive, barriers to entry remain relatively high due to the need for significant investment in research and development, regulatory certifications, and establishing trust with customers regarding product accuracy and durability.

Type Insights

Infrared gas sensors are primarily categorized based on technology types, with non-dispersive infrared (NDIR) sensors being the most widely used due to their cost-effectiveness and reliability for detecting gases like carbon dioxide and methane. NDIR sensors operate by measuring the absorption of infrared light at specific wavelengths, offering high selectivity and long-term stability with minimal drift. Another prominent type is tunable diode laser absorption spectroscopy (TDLAS) sensors, which provide enhanced sensitivity and are suitable for detecting low concentration gases or applications requiring high precision, such as in environmental monitoring or leak detection. TDLAS technology allows for faster response times and can operate effectively in harsh conditions. Other variants include photoacoustic infrared sensors, which detect sound waves generated by gas absorption, offering advantages in miniaturization and low-power consumption, making them ideal for portable devices. The choice of sensor type depends on factors such as the target gas, required detection range, environmental conditions, and budget constraints. Innovations continue to emerge, with developments in MEMS-based IR sensors gaining traction for their potential to reduce size and cost while maintaining performance, particularly in consumer electronics and automotive applications.

Application Insights

Infrared gas sensors find applications across a diverse range of industries, each with specific requirements for gas detection and monitoring. In the oil and gas sector, these sensors are critical for detecting hydrocarbon leaks in upstream, midstream, and downstream operations, ensuring safety and preventing environmental incidents. The industrial manufacturing segment utilizes IR sensors for monitoring combustible gases and toxins in facilities to protect workers and comply with occupational safety regulations. Environmental monitoring is another significant application, where sensors measure greenhouse gases like carbon dioxide and methane in ambient air, supporting climate change initiatives and regulatory compliance. In the building automation and HVAC??, infrared sensors are employed to monitor carbon dioxide levels for demand-controlled ventilation, improving energy efficiency and indoor air quality. The automotive industry uses these sensors for emissions testing and onboard diagnostics to meet stringent emission standards. Emerging applications include medical devices for breath analysis, detecting gases like acetone or nitric oxide as biomarkers for diseases, and food packaging to monitor gas composition for freshness preservation. The versatility of infrared technology allows it to adapt to various needs, driven by advancements in sensor design and integration capabilities.

Regional Insights

The infrared gas sensor market exhibits distinct regional dynamics influenced by industrial activity, regulatory frameworks, and technological adoption. North America holds a significant share, driven by strict environmental regulations in the United States and Canada, particularly in the oil and gas and manufacturing sectors. The presence of major market players and high investment in R&D further strengthens the region's position. Europe follows closely, with stringent EU directives on emissions and workplace safety propelling demand across countries like Germany, the UK, and France. The region's focus on sustainability and green technologies also boosts the adoption of advanced gas sensing solutions. The Asia-Pacific region is experiencing rapid growth, fueled by industrialization in China, India, and Southeast Asia, where expanding manufacturing bases and increasing environmental concerns are driving the need for gas detection systems. Government initiatives to improve air quality and industrial safety in these countries present substantial opportunities. Latin America and the Middle East & Africa are emerging markets, with growth linked to the oil and gas industry's expansion and gradual implementation of safety standards, though adoption rates vary based on economic development and regulatory enforcement.

Company Insights

The infrared gas sensor market features a competitive landscape with several key players renowned for their technological expertise and market presence. Honeywell International Inc. is a prominent name, offering a wide range of gas detection solutions through its Advanced Sensing Technologies portfolio, known for reliability and innovation. MSA Safety Incorporated specializes in safety equipment, including IR sensors for industrial applications, emphasizing durability and compliance with global standards. Amphenol Corporation, through its acquisition of NovaSensor, has strengthened its position in advanced sensing technologies, providing high-performance IR sensors for various industries. Other significant companies include SenseAir (part of Asahi Kasei Microdevices), which focuses on NDIR sensors for CO2 monitoring, and Edinburgh Sensors, known for its expertise in gas sensing technology and custom solutions. Emerging players like Gas Sensing Solutions and smartGAS Mikrosensorik GmbH are gaining traction with innovative products targeting niche applications and offering competitive advantages in terms of size, power consumption, and cost. These companies invest heavily in research and development to enhance sensor performance, expand application scope, and differentiate their offerings in a crowded market. Strategic collaborations and partnerships are common, enabling firms to leverage complementary technologies and access new markets.

Recent Developments

Recent developments in the infrared gas sensor market reflect ongoing innovation and strategic moves by key players to enhance their competitive edge. Technological advancements have led to the introduction of miniaturized IR sensors with improved sensitivity and lower power consumption, catering to the growing demand for portable and IoT-enabled devices. For instance, new MEMS-based IR sensors are being developed to reduce costs and enable integration into consumer electronics and wearable safety gear. Companies are also focusing on multi-gas detection capabilities, allowing single sensors to identify multiple gases, which simplifies system design and reduces overall expenses. Strategic acquisitions and partnerships have been notable, with larger firms acquiring specialized technology companies to broaden their product portfolios and accelerate innovation. For example, recent acquisitions in the optical sensing space have enabled players to incorporate advanced spectroscopy techniques into their offerings. Additionally, there is a increasing emphasis on software integration, with sensors now featuring enhanced data analytics, cloud connectivity, and predictive maintenance functionalities. Environmental sustainability initiatives are driving developments in sensors capable of detecting greenhouse gases at very low concentrations, supporting global efforts to monitor and reduce emissions. These trends indicate a market poised for continued evolution, with a focus on smarter, more efficient, and versatile gas sensing solutions.

Report Segmentation

This report on the infrared gas sensor market provides a comprehensive analysis segmented by various parameters to offer detailed insights. The segmentation by type includes non-dispersive infrared (NDIR) sensors, tunable diode laser absorption spectroscopy (TDLAS) sensors, and other infrared-based technologies such as photoacoustic sensors. Each type is analyzed based on its technology principles, advantages, and application suitability. The application segmentation covers key sectors such as oil and gas, industrial manufacturing, environmental monitoring, building automation, automotive, medical, and others, highlighting specific use cases and demand drivers within each segment. Geographical segmentation divides the market into regions including North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa, with further breakdown by major countries to assess regional trends, regulatory impacts, and growth opportunities. Additionally, the report includes segmentation by end-user industry, providing insights into adoption patterns across different verticals. The competitive landscape segment profiles leading companies, their market shares, product offerings, and strategic initiatives. This structured approach ensures a thorough understanding of market dynamics, enabling stakeholders to identify opportunities and make informed decisions.

FAQs

What are the main advantages of infrared gas sensors? Infrared gas sensors offer several advantages, including high accuracy and selectivity for specific gases, long operational life with minimal calibration needs, and resistance to poisoning or interference from other gases, making them ideal for continuous monitoring in demanding environments.

Which gases can be detected using infrared technology? Infrared gas sensors are capable of detecting various gases such as carbon dioxide, methane, carbon monoxide, hydrocarbons, refrigerants, and other compounds that absorb infrared radiation at characteristic wavelengths, allowing for precise identification and measurement.

How do infrared gas sensors compare to electrochemical sensors? Compared to electrochemical sensors, infrared gas sensors generally provide longer lifespan, better stability over time, and higher specificity with less cross-sensitivity, though they may involve higher initial costs and are typically used for different gas types and applications.

What industries commonly use infrared gas sensors? Industries such as oil and gas, chemical processing, manufacturing, environmental monitoring, building management, automotive, and healthcare widely use infrared gas sensors for safety, compliance, and process control applications.

Are infrared gas sensors suitable for portable devices? Yes, advancements in miniaturization and power efficiency have made infrared gas sensors increasingly suitable for portable devices, including personal safety monitors, handheld gas detectors, and mobile environmental sensing units.

What is the impact of regulations on the infrared gas sensor market? Stringent government regulations regarding emissions control, workplace safety, and environmental protection significantly drive the demand for infrared gas sensors, as industries adopt these technologies to comply with legal standards and avoid penalties.

Citius Research has developed a research report titled “Infrared Gas Sensor Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” delivering key insights regarding business intelligence and providing concrete business strategies to clients in the form of a detailed syndicated report. The report details out the factors such as business environment, industry trend, growth opportunities, competition, pricing, global and regional market analysis, and other market related factors.

Details included in the report for the years 2024 through 2030

• Infrared Gas Sensor Market Potential
• Segment-wise breakup
• Compounded annual growth rate (CAGR) for the next 6 years
• Key customers and their preferences
• Market share of major players and their competitive strength
• Existing competition in the market
• Price trend analysis
• Key trend analysis
• Market entry strategies
• Market opportunity insights

The report focuses on the drivers, restraints, opportunities, and challenges in the market based on various factors geographically. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report. The Infrared Gas Sensor Market report is segmented on the basis of various market segments and their analysis, both in terms of value and volume, for each region for the period under consideration.

Infrared Gas Sensor Market Segmentation

Market Segmentation

Regions Covered

• North America
• Latin America
• Europe
• MENA
• Asia Pacific
• Sub-Saharan Africa and
• Australasia

Infrared Gas Sensor Market Analysis

The report covers below mentioned analysis, but is not limited to:

• Overview of Infrared Gas Sensor Market
• Research Methodology
• Executive Summary
• Market Dynamics of Infrared Gas Sensor Market
  • Driving Factors
  • Restraints
  • Opportunities
• Global Market Status and Forecast by Segment A
• Global Market Status and Forecast by Segment B
• Global Market Status and Forecast by Segment C
• Global Market Status and Forecast by Regions
• Upstream and Downstream Market Analysis of Infrared Gas Sensor Market
• Cost and Gross Margin Analysis of Infrared Gas Sensor Market
• Infrared Gas Sensor Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030
  • Competition Landscape
  • Market Share of Major Players
• Key Recommendations

The “Infrared Gas Sensor Market Report - Global Industry Analysis, Size, Share, Growth Trends, Regional Outlook, Competitive Strategies and Segment Forecasts 2024 - 2030” report helps the clients to take business decisions and to understand strategies of major players in the industry. The report delivers the market driven results supported by a mix of primary and secondary research. The report provides the results triangulated through authentic sources and upon conducting thorough primary interviews with the industry experts. The report includes the results on the areas where the client can focus and create point of parity and develop a competitive edge, based on real-time data results.

Infrared Gas Sensor Market Key Stakeholders

Below are the key stakeholders for the Infrared Gas Sensor Market:

• Manufacturers
• Distributors/Traders/Wholesalers
• Material/Component Manufacturers
• Industry Associations
• Downstream vendors

Infrared Gas Sensor Market Report Scope

Report AttributeDetails
Base year2023
Historical data2018 – 2023
Forecast2024 - 2030
CAGR2024 - 2030
Quantitative UnitsValue (USD Million)
Report coverageRevenue Forecast, Competitive Landscape, Growth Factors, Trends and Strategies. Customized report options available on request
Segments coveredProduct type, technology, application, geography
Regions coveredNorth America, Latin America, Europe, MENA, Asia Pacific, Sub-Saharan Africa and Australasia
Countries coveredUS, UK, China, Japan, Germany, India, France, Brazil, Italy, Canada, Russia, South Korea, Australia, Spain, Mexico and others
Customization scopeAvailable on request
PricingVarious purchase options available as per your research needs. Discounts available on request

COVID-19 Impact Analysis

Like most other markets, the outbreak of COVID-19 had an unfavorable impact on the Infrared Gas Sensor Market worldwide. This report discusses in detail the disruptions experienced by the market, the impact on flow of raw materials, manufacturing operations, production trends, consumer demand and the projected future of this market post pandemic.

The report has helped our clients:

• To describe and forecast the Infrared Gas Sensor Market size, on the basis of various segmentations and geography, in terms of value and volume
• To measure the changing needs of customers/industries
• To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the market
• To gain competitive intelligence and uncover new opportunities
• To analyse opportunities in the market for stakeholders by identifying high-growth segments in Infrared Gas Sensor Market
• To strategically profile key players and provide details of the current competitive landscape
• To analyse strategic approaches adopted by players in the market, such as product launches and developments, acquisitions, collaborations, contracts, expansions, and partnerships

Report Customization

Citius Research provides free customization of reports as per your need. This report can be personalized to meet your requirements. Get in touch with our sales team, who will guarantee you to get a report that suits your necessities.

Customize This Report

Frequently Asked Questions

The Global Infrared Gas Sensor Market size was valued at $XX billion in 2023 and is anticipated to reach $XX billion by 2030 growing at a CAGR of XX%
The global Infrared Gas Sensor Market is expected to grow at a CAGR of XX% from 2023 to 2030.
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Table of Contents

Chapter 1. Introduction
  1.1. Market Scope
  1.2. Key Segmentations
  1.3. Research Objective
Chapter 2. Research Methodology & Assumptions
Chapter 3. Executive Summary
Chapter 4. Market Background
  4.1. Dynamics
    4.1.1. Drivers
    4.1.2. Restraints
    4.1.3. Opportunity
    4.1.4. Challenges
  4.2. Key Trends in the Impacting the Market
    4.2.1. Demand & Supply
  4.3. Industry SWOT Analysis
  4.4. Porter’s Five Forces Analysis
  4.5. Value and Supply Chain Analysis
  4.6. Macro-Economic Factors
  4.7. COVID-19 Impact Analysis
    4.7.1. Global and Regional Assessment
  4.8. Profit Margin Analysis
  4.9. Trade Analysis
    4.9.1. Importing Countries
    4.9.2. Exporting Countries
  4.10. Market Entry Strategies
  4.11. Market Assessment (US$ Mn and Units)
Chapter 5. Global Infrared Gas Sensor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment A
  5.1. By Segment A, 2024 - 2030
    5.1.1. Sub-Segment A
    5.1.2. Sub-Segment B
  5.2. Opportunity Analysis
Chapter 6. Global Infrared Gas Sensor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment B
  6.1. By Segment B, 2024 - 2030
    6.1.1. Sub-Segment A
    6.1.2. Sub-Segment B
  6.2. Opportunity Analysis
Chapter 7. Global Infrared Gas Sensor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Segment C
  7.1. By Segment C, 2024 - 2030
    7.1.1. Sub-Segment A
    7.1.2. Sub-Segment B
  7.2. Opportunity Analysis
Chapter 8. Global Infrared Gas Sensor Market Size (US$ Mn and Units), Forecast and Trend Analysis, By Region
  8.1. By Region, 2024 - 2030
    8.1.1. North America
    8.1.2. Latin America
    8.1.3. Europe
    8.1.4. MENA
    8.1.5. Asia Pacific
    8.1.6. Sub-Saharan Africa
    8.1.7. Australasia
  8.2. Opportunity Analysis
Chapter 9. North America Infrared Gas Sensor Market Forecast and Trend Analysis
  9.1. Regional Overview
  9.2. Pricing Analysis
  9.3. Key Trends in the Region
    9.3.1. Supply and Demand
  9.4. Demographic Structure
  9.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    9.5.1. Sub-Segment A
    9.5.2. Sub-Segment B
  9.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    9.6.1. Sub-Segment A
    9.6.2. Sub-Segment B
  9.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    9.7.1. Sub-Segment A
    9.7.2. Sub-Segment B
  9.8. By Country, 2024 - 2030, (US$ Mn and Units)
    9.8.1. U.S.
    9.8.2. Canada
    9.8.3. Rest of North America
  9.9. Opportunity Analysis
Chapter 10. Latin America Infrared Gas Sensor Market Forecast and Trend Analysis
  10.1. Regional Overview
  10.2. Pricing Analysis
  10.3. Key Trends in the Region
    10.3.1. Supply and Demand
  10.4. Demographic Structure
  10.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    10.5.1. Sub-Segment A
    10.5.2. Sub-Segment B
  10.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    10.6.1. Sub-Segment A
    10.6.2. Sub-Segment B
  10.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    10.7.1. Sub-Segment A
    10.7.2. Sub-Segment B
  10.8. By Country, 2024 - 2030, (US$ Mn and Units)
    10.8.1. Brazil
    10.8.2. Argentina
    10.8.3. Rest of Latin America
  10.9. Opportunity Analysis
Chapter 11. Europe Infrared Gas Sensor Market Forecast and Trend Analysis
  11.1. Regional Overview
  11.2. Pricing Analysis
  11.3. Key Trends in the Region
    11.3.1. Supply and Demand
  11.4. Demographic Structure
  11.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    11.5.1. Sub-Segment A
    11.5.2. Sub-Segment B
  11.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    11.6.1. Sub-Segment A
    11.6.2. Sub-Segment B
  11.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    11.7.1. Sub-Segment A
    11.7.2. Sub-Segment B
  11.8. By Country, 2024 - 2030, (US$ Mn and Units)
    11.8.1. UK
    11.8.2. Germany
    11.8.3. France
    11.8.4. Spain
    11.8.5. Rest of Europe
  11.9. Opportunity Analysis
Chapter 12. MENA Infrared Gas Sensor Market Forecast and Trend Analysis
  12.1. Regional Overview
  12.2. Pricing Analysis
  12.3. Key Trends in the Region
    12.3.1. Supply and Demand
  12.4. Demographic Structure
  12.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    12.5.1. Sub-Segment A
    12.5.2. Sub-Segment B
  12.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    12.6.1. Sub-Segment A
    12.6.2. Sub-Segment B
  12.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    12.7.1. Sub-Segment A
    12.7.2. Sub-Segment B
  12.8. By Country, 2024 - 2030, (US$ Mn and Units)
    12.8.1. Egypt
    12.8.2. Algeria
    12.8.3. GCC
    12.8.4. Rest of MENA
  12.9. Opportunity Analysis
Chapter 13. Asia Pacific Infrared Gas Sensor Market Forecast and Trend Analysis
  13.1. Regional Overview
  13.2. Pricing Analysis
  13.3. Key Trends in the Region
    13.3.1. Supply and Demand
  13.4. Demographic Structure
  13.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    13.5.1. Sub-Segment A
    13.5.2. Sub-Segment B
  13.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    13.6.1. Sub-Segment A
    13.6.2. Sub-Segment B
  13.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    13.7.1. Sub-Segment A
    13.7.2. Sub-Segment B
  13.8. By Country, 2024 - 2030, (US$ Mn and Units)
    13.8.1. India
    13.8.2. China
    13.8.3. Japan
    13.8.4. ASEAN
    13.8.5. Rest of Asia Pacific
  13.9. Opportunity Analysis
Chapter 14. Sub-Saharan Africa Infrared Gas Sensor Market Forecast and Trend Analysis
  14.1. Regional Overview
  14.2. Pricing Analysis
  14.3. Key Trends in the Region
    14.3.1. Supply and Demand
  14.4. Demographic Structure
  14.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    14.5.1. Sub-Segment A
    14.5.2. Sub-Segment B
  14.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    14.6.1. Sub-Segment A
    14.6.2. Sub-Segment B
  14.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    14.7.1. Sub-Segment A
    14.7.2. Sub-Segment B
  14.8. By Country, 2024 - 2030, (US$ Mn and Units)
    14.8.1. Ethiopia
    14.8.2. Nigeria
    14.8.3. Rest of Sub-Saharan Africa
  14.9. Opportunity Analysis
Chapter 15. Australasia Infrared Gas Sensor Market Forecast and Trend Analysis
  15.1. Regional Overview
  15.2. Pricing Analysis
  15.3. Key Trends in the Region
    15.3.1. Supply and Demand
  15.4. Demographic Structure
  15.5. By Segment A , 2024 - 2030, (US$ Mn and Units)
    15.5.1. Sub-Segment A
    15.5.2. Sub-Segment B
  15.6. By Segment B, 2024 - 2030, (US$ Mn and Units)
    15.6.1. Sub-Segment A
    15.6.2. Sub-Segment B
  15.7. By Segment C, 2024 - 2030, (US$ Mn and Units)
    15.7.1. Sub-Segment A
    15.7.2. Sub-Segment B
  15.8. By Country, 2024 - 2030, (US$ Mn and Units)
    15.8.1. Australia
    15.8.2. New Zealand
    15.8.3. Rest of Australasia
  15.9. Opportunity Analysis
Chapter 16. Competition Analysis
  16.1. Competitive Benchmarking
    16.1.1. Top Player’s Market Share
    16.1.2. Price and Product Comparison
  16.2. Company Profiles
    16.2.1. Company A
      16.2.1.1. Company Overview
      16.2.1.2. Segmental Revenue
      16.2.1.3. Product Portfolio
      16.2.1.4. Key Developments
      16.2.1.5. Strategic Outlook
    16.2.2. Company B
      16.2.2.1. Company Overview
      16.2.2.2. Segmental Revenue
      16.2.2.3. Product Portfolio
      16.2.2.4. Key Developments
      16.2.2.5. Strategic Outlook
    16.2.3. Company C
      16.2.3.1. Company Overview
      16.2.3.2. Segmental Revenue
      16.2.3.3. Product Portfolio
      16.2.3.4. Key Developments
      16.2.3.5. Strategic Outlook
    16.2.4. Company D
      16.2.4.1. Company Overview
      16.2.4.2. Segmental Revenue
      16.2.4.3. Product Portfolio
      16.2.4.4. Key Developments
      16.2.4.5. Strategic Outlook
    16.2.5. Company E
      16.2.5.1. Company Overview
      16.2.5.2. Segmental Revenue
      16.2.5.3. Product Portfolio
      16.2.5.4. Key Developments
      16.2.5.5. Strategic Outlook
    16.2.6. Company F
      16.2.6.1. Company Overview
      16.2.6.2. Segmental Revenue
      16.2.6.3. Product Portfolio
      16.2.6.4. Key Developments
      16.2.6.5. Strategic Outlook
    16.2.7. Company G
      16.2.7.1. Company Overview
      16.2.7.2. Segmental Revenue
      16.2.7.3. Product Portfolio
      16.2.7.4. Key Developments
      16.2.7.5. Strategic Outlook
    16.2.8. Company H
      16.2.8.1. Company Overview
      16.2.8.2. Segmental Revenue
      16.2.8.3. Product Portfolio
      16.2.8.4. Key Developments
      16.2.8.5. Strategic Outlook
    16.2.9. Company I
      16.2.9.1. Company Overview
      16.2.9.2. Segmental Revenue
      16.2.9.3. Product Portfolio
      16.2.9.4. Key Developments
      16.2.9.5. Strategic Outlook
    16.2.10. Company J
      16.2.10.1. Company Overview
      16.2.10.2. Segmental Revenue
      16.2.10.3. Product Portfolio
      16.2.10.4. Key Developments
      16.2.10.5. Strategic Outlook
Chapter 17. Go-To-Market Strategy

Research Methodology

We follow a robust research methodology to analyze the market in order to provide our clients with qualitative and quantitative analysis which has a very low or negligible deviance. Extensive secondary research supported by primary data collection methods help us to thoroughly understand and gauge the market. We incorporate both top-down and bottom-up approach for estimating the market. The below mentioned methods are then adopted to triangulate and validate the market.

Secondary data collection and interpretation

Secondary research includes sources such as published books, articles in journals, news media and published businesses, government and international body publications, and associations. Sources also include paid databases such as Hoovers, Thomson Reuters, Passport and others. Data derived through secondary sources is further validated through primary sources. The secondary sources also include major manufacturers mapped on the basis of revenues, product portfolios, and sales channels.

Primary data collection

Primary data collection methods include conducting interviews with industry experts and various stakeholders across the supply chain, such as raw material suppliers, manufacturers, product distributors and customers. The interviews are either telephonic or face-to-face, or even a combination of both. Prevailing trends in the industry are gathered by conducting surveys. Primary interviews also help us to understand the market drivers, restraints and opportunities, along with the challenges in the market. This method helps us in validating the data gathered through secondary sources, further triangulating the data and developing it through our statistical tools. We generally conduct interviews with -

  • CEOs, Directors, and VPs
  • Sales and Marketing Managers
  • Plant Heads and Manufacturing Department Heads
  • Product Specialists

Supply Side and Demand Side Data Collection

Supply side analysis is based on the data collected from the manufacturers and the product providers in terms of their segmental revenues. Secondary sources for this type of analysis include company annual reports and publications, associations and organisations, government publications and others.

Demand side analysis is based upon the consumer insights who are the end users of the particular product in question. They could be an individual user or an organisation. Such data is gathered through consumer surveys and focused group interviews.

Market Engineering

As a primary step, in order to develop the market numbers we follow a vigorous methodology that includes studying the parent market of the niche product and understanding the industry trends, acceptance among customers of the product, challenges, future growth, and others, followed by further breaking down the market under consideration into various segments and sub-markets. Additionally, in order to cross-validate the market, we also determine the top players in the market, along with their segmental revenues for the said market. Our secondary sources help us to validate the market share of the top players. Using both the qualitative and quantitative analysis of all the possible factors helps us determine the market numbers which are inclined towards accuracy.

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