The inclusion of gas sensor components in home and wearable equipment and multiple units per equipment towards the end of the decade, and particularly in smartphones, could send the global market skyrocketing to about 250 million units in 2020 and 350 million units in 2021, the market research firm asserts. By then the annual market for these components will be worth $920 million with a compound annual growth rate (CAGR) of 7.3 percent over the 2014 to 2021 period.
Gas sensor market, consumer focus, optimistic scenario in millions of units. Source: Yole Developpement.
This "optimistic" forecast predicts an annual market of 350 million units in 2021.