Gas Sensor Market Size, Share, Growth Analysis, By Product(Gas Analyzers & Monitors, Gas Detectors, Air Quality Monitors, Air Purifiers/Air Cleaners), By Connectivity(Wireless Gas Sensors, Wired Gas Sensors), By Output Type(Analog, Digital), By Type(Oxygen, Carbon Monoxide, Carbon Dioxide, Ammonia), By Technology(Electrochemical, Semiconductor, Solid State/Metal Oxide Semiconductor, Photoionization Detector (PID)), By Application(Automotive and Transportation, Smart Cities and Building Automation, Oil and Gas Industry, Water and Wastewater Treatment), By Region - Industry Forecast 2024-2031

Asia Pacific dominated the market, accounting for more than 32.0% of revenue globally in 2022 and is projected to continue dominating during the forecast period. The growing awareness of the impact of air pollutants on human health in Asia Pacific countries such as India and China is increasing demand for gas sensors for air quality monitoring. The region's growing urbanization is also adding to the rising need for gas sensors. Furthermore, governments in the Asia Pacific area are substantially investing in smart city projects, offering significant opportunities for smart sensor devices. Such characteristics bode well for the expansion of the regional market.

Europe is anticipated to increase gradually over the forecast period. Stringent regulations governing petrol emissions, as well as the resulting necessity for emissions monitoring, are projected to fuel regional market expansion. Gas sensor technology must be included in all car OEM offers in Europe due to safety regulations. As pollution regulations become more stringent, the use of gas sensors in the automobile sector to reduce pollution is projected to grow in the future years. Furthermore, various regional market participants are creating sophisticated gas sensors that are driving market growth.