Semiconductor Gas Sensors Market - Forecasts from 2023 to 2028

The semiconductor gas sensors market was valued at US$419.071 million in 2021 and is expected to grow at a CAGR of 5.88% over the forecast period to reach US$625.121 million in 2028.

Semiconductor gas sensors, known as metal oxide sensors (MOX), are witnessing increased utilization in environmental monitoring, industrial applications, and everyday scenarios. They serve the purpose of monitoring the levels of hazardous gases both outdoors and indoors, including buildings and vehicle cabins. Semiconductor gas sensors hold significance in safety technology, the food industry, air conditioning systems, and medical applications.

Rapid Industrialization

As Industry 4.0 progresses, next-generation gas sensors are anticipated to play a vital role in the interconnected production processes of the future. For instance, Gas Sensing Solutions, a UK-based company, introduced a new range of methane gas sensors at Sensor+Test 2022. These sensors utilize high-efficiency LEDs and a patented internal structure, resulting in excellent accuracy and energy efficiency. GSS strategically targets the 3.25µm methane absorption band to mitigate water absorption interference.

Rising Demand for Miniaturized and Portable Sensors

One of the key factors that are driving the semiconductor gas sensors market growth throughout the forecast period includes a substantial increase in the demand for compact, portable, and low-power gas sensors. Fraunhofer IPM's sensors exemplify this trend, with gas-sensitive surfaces measuring 45 × 45 µm^2 and a total array surface of 1.6 × 1.6 mm^2. These structures are created through wet chemical etching. The introduction of the S1005Y miniature metal oxide semiconductor gas sensor in 2022 represents a significant growth factor in the semiconductor gas sensors market, fueled by increasing concerns about air pollution and its impact on human health. Based on MEMS micro-hot plate technology, this sensor specifically targets the detection of alcohol in the air. Its production involves integrating MEMS silicon substrate technology, thin-film technology, thick-film technology, and metal packaging technology.

Technological Advancements

the introduction of the Series 500 - Portable Air Quality Monitor by Aeroqual in 2023 exemplifies the growth potential of the semiconductor gas sensors market. This handheld device offers accurate real-time monitoring of common outdoor pollutants, making it suitable for wide-area surveys and short-term in situ monitoring. Leaving the monitor in situ with an additional enclosure further expands its applications. The development of innovative products like the Series 500 reflects the growing demand for advanced semiconductor gas sensors in various industries, driving the expansion and advancement of the market.

Government Initiatives

Favorable initiatives undertaken by the government of Taiwan to tackle environmental pollution are further propelling the market demand for semiconductor gas sensors in the country. For instance, in February 2020, the “National Environment Protection Plan” approved by the Environment Protection Administration aimed to improve environmental quality, promote a green economy and nature conservation by 2030. Additionally, the booming electronics and automotive manufacturing coupled with growing investments in commercial buildings & industrial bases establishments are further acting as an additional driving factor paving the way for future market growth.

North America is expected to grow at a modest rate over the projected period.

The North American region is projected to hold a substantial market share throughout the forecast period. North America is recognized for its technological progress and innovative practices across semiconductor manufacturing, electronics, and automotive industries. Consequently, the region experiences a heightened need for advanced gas-sensing technologies and solutions. The presence of prominent semiconductor companies and esteemed research institutions in North America contributes significantly to the advancement and adoption of these sensors.

Asia Pacific is expected to witness robust growth.

Government policies and initiatives to tackle the emission of harmful industrial gases in the environment, coupled with growing technological adoption for air quality monitoring, are major driving the regional market growth. The growing concern regarding toxic emissions and increasing semiconductor production has provided a major scope for Taiwan's demand for semiconductor-based gas sensors. For instance, according to the Taiwan Semiconductor Industry Association, in Q2 of 2022, semiconductor manufacturing in the country stood at US$24.3 billion, which signified an increase of 7.9% over Q2 of 2021. Furthermore, per the same source, the total revenue from semiconductors stood at US$41.8 billion for the same quarter, representing a 6.7% increase.

Market Segmentation:

By Sensing Material

• 2D Materials
• Carbon Nanotubes
• Conducting Polymers
• Metal Oxide (MOx) Semiconductors

By Industry Vertical

• Automotive
• Manufacturing
• Healthcare
• Others

By Geography

• North America
• United States
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• Germany
• France
• UK
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• China
• Japan
• India
• South Korea
• Indonesia
• Taiwan
• Others