The study involved four major activities in estimating the size for environmental sensor market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across value chains through primary research. The bottom-up approach was employed to estimate the overall market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
In the secondary research process, sources such as annual reports, press releases, investor presentations of companies, white papers, and articles by recognized authors were referred to. Secondary research was done to obtain key information about the market’s supply chain, the market's value chain, the pool of key market players, and market segmentation according to industry trends, region, and developments from both market and technology perspectives.
Primary Research
Extensive primary research has been conducted after understanding and analyzing the environmental sensor market scenario through secondary research. Several primary interviews have been conducted with key opinion leaders from demand- and supply-side vendors across four major regions—North America, Europe, Asia Pacific, and RoW. Approximately 25% of primary interviews have been conducted with the demand side and 75% with the supply side. These primary data have been collected through telephonic interviews, questionnaires, and emails.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, both top-down and bottom-up approaches, along with several data triangulation methods, have been used to perform the market size estimation and forecasting for the overall market segments and subsegments listed in this report. Extensive qualitative and quantitative analyses have been performed on the complete market engineering process to list the key information/insights throughout the report. The following table explains the process flow of the market size estimation.
The key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top players as well as extensive interviews with industry experts (such as CEOs, VPs, directors, and marketing executives) for key insights (both quantitative and qualitative) on the environmental sensor market. All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report.
Environmental Sensor Market: Bottom-Up Approach
The bottom-up approach has been employed to arrive at the overall size of the environmental sensor market from the revenues of key players and their share in the market.
Environmental Sensor Market: Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of the individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research. For the calculation of specific market segments, the most appropriate parent market size has been considered to implement the top-down approach. Data from interviews have been consolidated, checked for consistency and accuracy, and inserted into the data model to arrive at the market numbers following the top-down approach. Market sizes in different geographies have been identified and analyzed through secondary research.
Upon the estimation and validation of the main market size, further segmentation has been done based on consolidated inputs from key players with respect to regional adoption trends, the pervasiveness of different technologies across various types of segments, and types of end users.
Data Triangulation
After arriving at the overall market size through the process explained above, the overall market has been split into several segments. To complete the overall market engineering process and arrive at the exact statistics for all the segments, market breakdown, and data triangulation procedures have been employed, wherever applicable. The data has been triangulated by studying various factors and trends from both the demand and supply sides. The market has also been validated using both top-down and bottom-up approaches.
Definition
An environmental sensor refers to a device designed to detect, measure, and monitor various environmental parameters and conditions in the surrounding environment. These sensors are equipped with technology to gather data related to factors such as humidity, air quality, UV detection, soil moisture, water quality, temperature, gas, particles, and other environmental variables.
Environmental sensors play a crucial role in environmental monitoring, research, and management, providing valuable data for understanding climate patterns, pollution levels, weather conditions, and overall environmental health. This data is often used by researchers, scientists, policymakers, and businesses to make informed decisions to preserve the environment and enhance the quality of life.
Key Stakeholders
-
Raw Material Vendors
-
Component and Hardware Providers
-
Sensor Providers
-
System Integrators
-
Original Equipment Manufacturers (OEMs) /Device Manufacturers
-
Technology Standards Organizations, Forums, Alliances, and Associations
-
Governments, Financial Institutions, and Investment Communities
-
Research Organizations
-
Analysts and Strategic Business Planners
-
Venture Capitalists, Private Equity Firms, and Start-up Companies
-
Distributors
Report Objectives
-
To define, describe, and forecast the environmental sensor market based on type, deployment, application, vertical, and region.
-
To forecast the size of the market segments for four major regions—North America, Europe, Asia Pacific, and the Rest of the World (RoW).
-
To provide detailed information regarding the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges)
-
To offer an ecosystem analysis, case study analysis, patent analysis, technology analysis, pricing analysis, Porter’s Five Forces analysis, and regulations pertaining to the market.
-
To give a detailed overview of the value chain of the environmental sensor market ecosystem
-
To strategically analyze micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
-
To strategically profile the key players and comprehensively analyze their market shares and core competencies2
-
To analyze the opportunities in the market for stakeholders and describe the competitive landscape of the market
-
To study competitive developments such as collaborations, agreements, partnerships, product developments, and research & development (R&D) in the market
-
To understand the impact of the recession on the environmental sensor market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the company’s specific needs. The following customization options are available for the report:
Company Information
-
Detailed analysis and profiling of additional market players (up to 7)
Growth opportunities and latent adjacency in Environmental Sensor Market