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Research and Markets has announced the addition of the "Asia Pacific Chemical Sensors Market - Growth, Trends And Forecasts (2014 - 2020)" report to their offering.
The Asia Pacific Chemical sensors market is expected to increase to $5.44 billion by 2018 at a CAGR of 8.14% over the period 2014-2020
The Asia Pacific region is expected to estimate a huge growth rate when compared to other regions because of the presence of developing countries such as China &India. The growing technological propagation and amalgamation of chemical sensors products with a vast kind of applications such as Medical, Automotive, and manufacturing etc. are the major factors driving the growth of the chemical sensors market.
Chemical sensors growth towards increase in the production of light vehicles, demand for quick accurate diagnosis in medical sector, and technological advancements are the key drivers which are making the Asia Pacific chemical sensors market to grow lucratively. The growth of the Chemical Sensors Market is currently being hindered by decrease in automobile emissions testing due to the falling number of vehicles that need to be tested.
Electrochemical sensors are estimated to see the fastest growth, with demand reflecting recovery in manufacturing. Optical sensors will continue to benefit from their high sensitivity, stability, immunity to interference, and product improvements such as smaller size and enhanced ruggedness.
The Chemical Sensors Market is segmented on the basis of Type (Electrochemical, Optical, Pellistor/Catalytic Bead, and Others) and End User Industry (Medical, Automotive, Industrial, Environmental Monitoring, Defense and Others).