U.S. Demand for Chemical Sensors

Demand for chemical sensors in the U.S. is projected to grow at 8.6% per year from $2.27 billion in 2001 to $3.44 billion 2006, according to a recent study, ''Chemical sensors: Liquid, Gas & Biosensors,'' by the Freedonia Group Inc. (Cleveland, O.).

By Control Engineering Staff August 23, 2002
U.S. Demand for Chemical Sensors
(in millions of $)
1992 2001 %growth
’92-’01
2006 %growth
’01-’06
Biosensors $360 $1,455 16.8% $2,300 9.6%
Electro-chemical sensors $250 $620 10.6% $2,300 5.6%
Optical sensors $29 $103 15.1% $181 11.9%
Other $51 $97 7.4% $144 8.2%
Total ($) $690 $2,275 14.2% $3,440 8.6%
Total (units in millions) 28 91 14.0% 146 9.9%
Source: Control Engineering with data from the Freedonia Group Inc., www.freedoniagroup.com

Demand for chemical sensors in the U.S. is projected to grow at 8.6% per year from $2.27 billion in 2001 to $3.44 billion 2006, according to a recent study, ”Chemical sensors: Liquid, Gas & Biosensors,” by the Freedonia Group Inc. (Cleveland, O). The study found that three trends are driving this increase: new applications for established sensor products; falling prices for high-performance and/or novel sensor types; and product innovations caused by increasing use of microfabrication and other sophisticated manufacturing techniques.