Lucintel’s latest market report analyzed that environmental sensor provides attractive opportunities in the smart home automation, smart office automation, and smart city applications. The environmental sensor market is expected to reach $1.9 billion by 2028 with a CAGR of 8.5%. In this market, indoor is the largest segment by location, whereas smart city is largest by application.
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Based on location, the environmental sensor market is segmented into indoor, outdoor, and portable. The indoor segment accounted for the largest share of the market in 2023 and is expected to register the highest CAGR during the forecast period, due to technological advancements, such as Wi-Fi, ZigBee, and bluetooth has increased the usage of these sensors in monitoring air quality of indoor environment.
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The Environmental Sensor Market is marked by the presence of several big and small players. Some of the prominent players offering environmental sensor include Bosch Sensortec, Sensirion, ams AG, Honeywell, and Siemens.
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