North America Sensor Market 2018: Development Strategy, Revenue Analysis, Future Prospects and Forecast Report Basics: Definitions, Classifications, Applications and Industry Overview

Market Research Future
Market Research Future published a research report on “North America Sensor Market Research Report – Global Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Market Scenario:

According to Market Research Future analysis, Sensor market is anticipated to grow at a significant rate over the forecast period, 2017-2023.

The automation industry uses computer aided control devices to operate different industrial processes by replacing human involvement. It helps to operate multiple processes in controlled manner thereby increasing the production and reducing time with increased production quality. Industrial Automation consists of different levels such as sensor level, automation control level automation, supervision level and enterprise level. The sensor level can also be called as the process level that uses sensors and actuators for getting values of the process variables on periodic or continuous basis. The automation industry is flourishing and robots, automated vehicles, automated machines and devices are taking over workplaces and factories. North America is the leading region in the automation industry. With the growing automation industry, the sensor market and its demand for sensors is also growing. Therefore the growing demand from automation industry is driving the sensors market.

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Sensors are the devices that are used to detect and signal any physical quantity like heat, motion, touch, pressure and others by converting it into electrical signals. There is a wide variety of sensors available in the market. The sensors market is segmented based on the type of physical quantity is converted into electric pulse/signal. On the basis of type, the sensors market is sub segmented into following types of sensors: Flow Sensor, Image Sensor, Touch Sensor, Position Sensor, Temperature Sensor, Motion Sensor, Light Sensor, Pressure Sensor, Proximity Sensor, and Optical Sensor. North America Sensors Market, by type has dominated by image sensor in 2016 and is expected to grow with 11.78% CAGR. Followed by pressure sensor, touch sensor, and temperature sensor, respectively in 2016. These sensors are projected to grow with 8.49% CAGR, 10.31% CAGR and 12.87% CAGR, respectively. Whereas, Light sensor and optical sensor are estimated to grow with steady growth rate of 5.83% and 4.80% CAGR during forecast period 2017-2023

Key Players

The prominent players in the North America Sensor Market are Delphi Automotive LLP (U.K.), ABB Ltd. (Australia), Analog Devices, Inc.(U.S.), Honeywell International, Inc. (U.S.), Bosch Group Gmbh (Germany), Meggitt Sensing Systems (U.S.), Siemens AG (Germany), Yokogawa Electric Corporation (Japan), STMicroelectronics and, Infineon Technologies AG (Germany)

Segmentation

The North America Sensor market has been segmented on the basis of type, technology, connectivity, and end-user. By type, the market is further segmented into flow sensor, image sensor, touch sensor, position sensor, temperature sensor, motion sensor, light sensor, pressure sensor, proximity sensor, and optical sensor. By technology, the sensors market is sub segmented into System on chip, System on Package, Hybrid Technology, CMOS Process, IC Compatible 3D Micro Structuring, Machine Vision, and, Vision Sensing. By connectivity, the sensors market is segmented into wired and wireless. The sensors market is segmented on the basis of verticals into different verticals as industrial, medical, automotive, consumer electronics and aerospace & defence.

U.S. led the market of North America Sensor in 2016. The technical advancements in the country and developed network architecture are the factors driving the market in country. Canada bags the second place in North America Sensor market followed by Mexico.

Regional Analysis

North America Sensor market, by region is led by North America in 2016 due to the technological advancement and developed network architecture. Also, increasing rate of smartphone usage is fuelling the market growth in North America region. U.S. is dominating the market and is expected to grow with 12% CAGR. Whereas, Canada is estimated to grow with fastest growing 15% CAGR.

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Intended Audience

  • Sensor providers
  • Sensor operators
  • Transit agencies
  • Investors
  • Research institute
  • End users

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