The
gas sensors market is highly competitive with the presence of many
established and emerging players. This market is expected to grow at a CAGR of
6.83% during the forecast period.
Product
development has been the key strategy adopted by the market players to grow in
the gas sensors market. This strategy accounted for a share of ~57% of the
overall growth strategies adopted by the market players between October 2013
and May 2017.
The
rising demand for gas sensors for various applications has encouraged companies
to adopt this strategy. Besides product launches, companies have also adopted
the strategies of acquisition, partnerships, expansions, and agreements to
expand their business operations, product portfolio, and distribution network
as well as strengthen their position and share in this market.
ams
AG. (US) is one of the leading manufacturers of gas sensors. The company is
involved in the design and production of sensors, sensors interfaces, power
management ICs, and wireless ICs. The company offers a strong product portfolio;
it provides a range of environmental gas sensors for monitoring indoor air
quality, detecting volatile organic compounds, carbon dioxide, and hydrogen in
various applications such as consumer appliance, automotive, building
technology, and consumer and industrial. Recently, the company has launched
only a few products; however, the company’s product portfolio is increasing
rapidly due to a number of acquisitions. The company’s technological portfolio
is enhanced with the addition of technologies such as MEMS for gas sensors. In
July 2017, ams AG expanded manufacturing facility in Singapore to meet the
growing demand for sensor solutions. It will help ams AG meet the growing
demand for advanced sensor solutions that are used in mobile applications. The company
plans to invest in differentiating technologies, equipment, and employees in
this region.
Figaro
Engineering Inc. (Japan) is one of the leading manufacturers of gas sensors.
The company offers an exhaustive product portfolio of gas sensors. It offers
gas sensors for almost all gas types. The company mainly offers sensors based
on electrochemical, MOS, and catalytic sensing technologies. It offers sensor
products for a wide range of gases including combustible, toxic, and
refrigerant gases. Figaro also manufactures electronic products such as
detectors and analyzers that utilize gas sensing products. Recently, the
company launched a sensor based on MEMS-based technology. The company has more
than 40 patents worldwide. The company’s strategy focuses on two areas-patent
rights and protection of know-how. The company serves a number of industry
verticals such as domestic safety, industrial health and safety, air quality
control, automotive, and application control and measurement. In April 2016,
Figaro Engineering launched an ultra-compact electrochemical CO gas sensor. The
CO gas sensor is useful in space-limited equipment, such as portable CO
detectors and fire alarms, and is greatly enhanced.
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