Environmental Sensing and Monitoring Technologies refers to technologies that are involved in the systematic process of illustrating and monitoring the quality of the environment. A wide spectrum of environmental sensors and monitoring techniques are used in the preparation of environmental impact assessments (EIA). Human activities have distinctive impacts on the quality of the environment. There are several circumstances in which human developmental activities cause harmful effects on the natural environment. This has led to the development of large scale monitoring networks in order to understand the sources, circumstances and impact scale of various kinds of pollution. The environmental sensing and monitoring technologies market is expected to witness remarkable growth during the forecast period.
Rapid population explosion, global warming accompanied with drastic climate changes is driving the global environmental sensing and monitoring technologies market. This is responsible for spreading awareness among governments to take initiatives for decreasing environmental pollution. Ongoing expansion of Internet of Things (IoT) technology with growing investment in environmental management projects are recognized as the major growth factors of the global environmental sensing and monitoring technologies market. Stringent environmental policies and regulations by emerging and developing economies, endless technical development in sensing and monitoring technologies are expected to provide growth opportunities for environmental sensing and monitoring technologies market. However, there are several factors responsible for hindering market growth such as lack of awareness and ignorance of individual responsibility towards environment, financial limitations in adopting new technology together with difference in standards and regularity models among regions and organizations.
The global environmental sensing and monitoring technologies market is categorized on the basis of product type, sensor type, sampling method, application, end user and geographic regions. Segmentation on the basis of sensor type includes fluid sensor, pressure & vibration sensor, temperature sensor, chemical sensor, moisture sensor, sound sensor and gas sensor. Type of products provided by environmental sensing and monitoring technologies market include token analog and digital. Environmental sensing and monitoring technologies devices market by sampling method is categorized as continuous monitoring, active monitoring, passive monitoring, and intermediate monitoring. Segmentation on the basis of application comprises air pollution monitoring, water pollution monitoring, noise pollution monitoring and soil pollution monitoring. The various end-user segments of the market include government, defense, meteorology, ocean and industrial sector. The environmental sensing and monitoring technologies market has been studied for five geographic regions namely North America, Europe, Asia Pacific, Middle East and Africa, and South America.
Among major end-users, government sector is expected to lead the global environmental sensing and monitoring technologies market during the forecast period because of increasing burden of economic development and population explosion on environment. Adoption of environmental sensing and monitoring technologies ensures improved air and water quality by eliminating the factors that cause excessive pollution. Among sampling methods, air and water segments is expected to hold maximum market share since there is high demand for clean, sustainable and eco-friendly development. Asia Pacific is predicted to be the fastest growing region due to increasing problems of water scarcity, increasing health problems due to air pollution and increasing cost of fresh water. Also, rapid industrialization is playing a major role in degrading environment quality due to excessive pollution. Increasing government concerns related to environment protection will be responsible for market growth in Europe. North America region is forecasted to lead the environmental sensing and monitoring technologies market due to technological developments and increased adoption of next generation tools in this region to strengthen enforcement of environmental laws in this region.
The key players of the global environmental sensing and monitoring technologies market include Ball Aerospace, Agilent Technologies, Coastal Environmental Systems, Inc., TE Connectivity Ltd., Lockheed Martin Corporation, Siemens AG, Eaton, Honeywell International, Air-Met Scientific Pty Ltd, Ecotech, Air-Met Scientific Pty Ltd, and Gems Sensors, Inc., among others.
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.