Environment Monitoring Devices Market Size (2024 - 2029)

Environment Monitoring Devices Market Analysis

The environment monitoring devices market is anticipated to register a CAGR of 6.3% over the forecast period. Environmental monitoring is used for multiple applications, such as detecting and tracking changes in temperature, humidity, particulate matter, biological and chemical air pollutants, water quality, and noise level. These systems use multiple types of sensors to check the attributes mentioned above and inform and alert users if pollution levels increase. The process also involves collecting and measuring pollutants to assess an environment's status. Further, this helps users accurately understand the natural environment and facilitate the development of policies and measures to protect it from any adverse outcomes of human activity.

• Emerging wireless cellular and non-cellular communication technologies have enabled users to deploy environment monitoring systems in confined places, remote locations, and difficult-to-access terrain. This has allowed governments to effectively trace and track water contamination and pollution levels at the source of occurrence.
• Also, rapidly rising pollution levels due to increased industrialization and urbanization have compelled businesses and governments to deploy new environmental monitoring stations. It has also enabled companies to effectively check and establish environmental baseline standards and trends to support the development of policies and regulations.
• The emergence of big data analytics has enabled companies to effectively analyze large volumes of data obtained from multiple environment monitoring networks. Technological advancements in sensor technology and a decline in sensor prices have also emerged as significant factors driving the adoption of environmental monitoring systems worldwide. Furthermore, developing IoT-specific cellular network connectivity solutions such as LTE-M and NB-IoT and non-cellular communication technologies such as sigfox and LoRaWAN is also a significant factor driving the market.
• Recently, ATMO, a company building air quality and environmental monitoring products, announced the launch of Atmocube, an indoor air quality monitoring system for businesses, commercial buildings, and public spaces.
• In October 2022, NatureMetrics, the global nature intelligence technology company, launched 'PollutionTracker,' a monthly subscription service for water pollution, combining unique DNA sampling with state-of-the-art data science to deliver mapping of bacterial pollution across whole river catchments.

Environment Monitoring Devices Industry Segmentation

Environmental monitoring is a process of monitoring the environment, which involves assessing the environment's quality to reduce the danger of pollution. The main objective of environmental monitoring is to manage and minimize the impact an organization's activities have on an environment, either to ensure compliance with laws and regulations or to mitigate risks of harmful effects on the natural environment and protect the health of human beings.

The studied market is segmented by type of material (silicon carbide, gallium manganese arsenide, copper indium gallium selenide, molybdenum disulfide, and bismuth telluride), application (fabrication (process chemicals, photomasks, electronic gases, photoresists ancillaries, sputtering targets, silicon, and other fabrication materials)), packaging (substrates, lead frames, ceramic packages, bonding wire, encapsulation resins, die attach materials, and other packaging types), end-user industry (consumer electronics, telecommunication, manufacturing, automotive, energy and utility, and other end-user industries) and geography (Taiwan, South Korea, China, Japan, and Rest of Asia-Pacific). The market sizes and forecasts are provided in terms of value (USD million) for all the above segments. Further, to arrive at the overall market projections, the study analyzes the impact of COVID-19 and the investment scenario and other macroeconomic factors.