Dust Sensors Market is Segmented by Product Outlook (Revenue, USD Million, 2022 - 2031) Infrared Dust Sensor and Laser Dust Sensor Application Outlook (Revenue, USD Million, 2022 - 2031) by Home Appliance, Industrial, Automotive and Other.
Dust Sensors Market shall reach a value of $328.9 Million in 2031, growing with a CAGR of 11% during the forecast period of 2022 to 2031.
However, a rise in the production cost of these sensors is anticipated to disrupt the market growth over a certain period, along with other hindrances caused because of the Covid-19 pandemic situation.
Dust Sensors Market Growth and Trends
The dust sensors market being segmented on the basis of product type, product application, and geography, where laser dust sensor and infrared dust sensor form the two types, are observed to be showing favourable demand patterns. Owing to their wide range of applications, the dust sensor market is further categorised as home appliance, including air purifiers and air conditioners, industrial, automotive, and so forth. Thus, the surging demand and advancement in sensor making is expected to fuel the market growth in the years to come. Substantial impact on health and equipment owing to dust is most likely to drive the dust sensors market, in addition to other impact factors such as growing urbanization, continuous rise in population, and increasing purchasing power and disposable income. Increasing requirement for a non-polluted environment and growing consciousness about health and safety is also expected to generate lucrative opportunities for market growth in the forthcoming years. Among the segments, the laser dust sensor segment is projected to grow with a substantial CAGR and this growth may be attributed to the fact that laser dust sensors exhibit higher performance in comparison with infrared dust sensors. However, laser dust sensors are more expensive than infrared dust sensors. The current trend in the demand for dust sensors for home appliances dominates the overall market, hence accounting for a substantial market share, while automotive is predicted to be a rapidly growing segment in the coming years. In spite of the presence of competition problems, the global recovery trend seems clear. Investors are still optimistic about this area, and the future will still have more new investment enter this market.
Dust Sensors Market Segmentation
The market has been segmented based on application, product type, and geography. There are two major types of dust sensors available in the market that are infrared dust sensors and laser dust sensors. The laser dust sensor has dominated the infrared dust sensor market in the last few years. The growth of the segment is attributed to the good results provided by this technology. However, laser dust sensors are a little bit more expensive than infrared sensors but their good performance overcomes this factor greatly, and hence the market is anticipated to grow exponentially during the forecast period. Further, based on application, the market has been segregated as automotive, industrial, home appliance, and others. According to the report, it has been noted that the home appliance segment generated overall revenue of 75% during 2021. However, the automotive segment projected the fastest growth of the market. The significant growth of the home appliance segment is attributed to the increasing demand for air purifiers and air-conditioners across the world. Further, the industry players are contributing significantly to satisfy the consumer demands and are adding new technologies and advancements to the products. Further, with the ongoing technological advancement, the industrial sector is anticipated to grow at a CAGR of 62.1% during the forecast period.
Dust Sensors Market Regional Analysis
The demand and use of Dust sensors are rapidly increasing in the household and commercials in Europe and North America. The main producers of Dust sensors include Panasonic, Shinyei Group, Sharp, Wuhan Cubic Optoelectronic, Honey Well, Plan Tower, Delphi, Nova Fitness, Continental, etc. The geographical areas generate the maximum revenue in the Asia Pacific, North America, Middle East, Europe, and Middle Africa. The manufacturers of the United States will start reviving due to the government decision to ban imports of Dust Sensors. And North is estimated to grow at a very rapid rate as the government of Canada and other regions like Finland, Norway and Switzerland are taking steps towards controlling the level of pollution. Mexico is exporting the maximum exports to other countries and growing at a fair rate. Europe is growing at the most considerable rate in terms of revenue. Countries like Turkey, Latvia, and Poland are contributing immensely to the market.
Dust Sensors Market Competition
Key companies operating in this industry are Sharp, Shinyei Group, Panasonic, Wuhan Cubic Optoelectronic, Amphenol Advanced Sensors, Omron Corporation, Honeywell, PlanTower, Delphi, Sensirion, Bosch Mobility Solutions, Nova Fitness, Winsen, Continental and Prodrive Technologies. The presence of competitive companies contributing significantly has been a major driving factor for the market growth. The prominent companies are using various strategies such as collaborations, contracts, acquisitions and new product launches to expand the dust sensors market across the world. These strategies support the market growth by providing high-performance and effective products.
• Dust Sensors Market Revenue Estimation and Forecast (2022 – 2031)
• Production Estimation and Forecast (2022 – 2031)
• Sales/Consumption Volume Estimation and Forecast (2022 – 2031)
• Breakdown of Revenue by Segments (2022 – 2031)
• Breakdown of Production by Segments (2022 – 2031)
• Breakdown of Sales Volume by Segments (2022 – 2031)
• Gross Margin and Profitability Analysis of Companies
• Business Trend and Expansion Analysis
• Import and Export Analysis
Dust Sensors Market Segmentation & Revenue Breakdown
Product Outlook (Revenue, USD Million, 2022 - 2031)
• Infrared Dust Sensor
• Laser Dust Sensor
Application Outlook (Revenue, USD Million, 2022 - 2031)
• Home Appliance
Country (Revenue, USD Million, 2022 - 2031)
• United States
• United Kingdom
• South Korea
• Middle East
• Rest of World
Dust Sensors Market Companies
• Shinyei Group
• Wuhan Cubic Optoelectronic
• Amphenol Advanced Sensors
• Omron Corporation
• Bosch Mobility Solutions
• Nova Fitness
• Prodrive Technologies
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