Honeywell International Inc. introduced a caliper sensor to facilitate the manufacture of Lithium Ion Batteries (LIBs). New sensor provides effective solution for determining true electrode material thickness during coating or at the pressing station during LIB production.
DENSO Corporation has developed a new standard vision sensor that detects pedestrians, cyclists, road signs, and driving lanes. In combination with a millimeter-wave radar sensor, the new vision sensor activates emergency braking when obstacles are detected, helping reduce accidents.
Author Credits: Abhishek Verma, Hetal Singh
Report ID: 381
Published Date: Feb 13, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Worldwide boost in environmental monitoring, growth in automotive industry, and global upsurge in government initiatives to control the emission are some major factors driving the growth of the market.
The market is anticipated to attain a CAGR of 9% over the forecast period, i.e., 2023-2033.
Lack of awareness about chemical sensors, less adoption of chemical sensors, and fluctuating cost of chemical sensors are estimated to hamper the market growth.
The market in North America is projected to hold the largest market share by the end of 2033 and provide more business opportunities in the future.
The major players in the market are Alpha MOS, ABB Group, Honeywell International Inc., DENSO Corporation, The Bosch Group, Emerson Electric Co., F. Hoffmann-La Roche Ltd., and others.
The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by type, end-user, and by region.
The medical segment is anticipated to garner the largest market size by the end of 2033 and display significant growth opportunities.