North America
Sensor Market - Overview
The North America Sensor Market is growing rapidly. Market
growth attributes to the rising demand for sensors in some of the burgeoning
industries such as automotive, electronics, defense, and healthcare, among
others. Besides, increasing applications of sensors in medical and biomedical
devices and smart connected devices provide tremendous opportunities for market
growth.
According to Market Research Future (MRFR), the
North America sensor market is poised to reach the valuation of USD 55,383.64
MN by 2023. In its recent North America sensor market forecast, MRFR also
asserts that the market would register 11.82% CAGR during the assessment period
(2017-2023). The increasing integration of sensors in vehicles defines the
growing market landscape.
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Additional factors, such as the ongoing deployment
of LTE and technological advancements in various fields, boost market growth,
increasing the number of connected devices. Besides, increasing penetration of
connected devices such as smartphones, tablet computers, laptops, and desktop
personal computers influence market growth. Increasing usages of IoT-based
solutions foster the demand for intelligent sensors.
Moreover, considerable investments in the research
and development of intelligent sensors, increasing product development, and
launches, increase the size of the North America sensor industry. Conversely,
the complex design structure and lack of customization are significant factors
projected to impede the growth of the market. Nevertheless, the emergence of
new technologies like ZigBee would support market growth throughout the review
period.
North America
Sensor Market - Segmentation
The report is segmented into five dynamics;
By Sensor Type :
Flow Sensor, Image Sensor, Touch Sensor, Temperature Sensor, Flow Sensor, Image
Sensor, Touch Sensor, Position Sensor, Temperature Sensor, Motion Sensor, Light
Sensor, Pressure Sensor, Proximity Sensor, And Optical Sensor, and others.
By Technology :
System on chip, System on Package, Hybrid Technology, CMOS Process, IC
Compatible 3D Micro Structuring, Machine Vision, Vision Sensing, and others.
By Connectivity :
Wired and Wireless.
By End-User :
Industrial, Medical, Automotive, Consumer Electronics, Aerospace & Defence,
and others.
By Regions :
The US, Canada, and the Rest-of-North-America.
North America Sensor Market - Country-wise Analysis
The US dominates the North American sensor market due
to the technological advancement and developed network architecture. Besides,
the increasing number of smartphone usage fuel the growth of the market.
Moreover, the rising demand for sensors in consumer electronics and automotive
sectors, alongside the penetration of autonomous devices, foster the growth of
the market. The US sensor market is expected to grow at 12% CAGR during the
assessment period.
Canada stands second in the North American sensor
market. The market share attributes to the Factors such as large advances in
sensing technology and demand from the medical device industry influence the
growth of the market. The extensive uptake of sensors in some of its burgeoning
industries propels the market growth. Also, improving technical infrastructure
in the country impacts market growth positively. The Canadian sensor market is
estimated to grow at 15% CAGR during the forecast period.
North America Sensor Market - Competitive Analysis
Highly competitive, the North American sensor market
appears fragmented due to the presence of several well-established players. To
gain a larger competitive share in this market, industry players incorporate
strategic initiatives such as mergers & acquisitions, collaborations,
expansions, and product/ technology launch.
The competitive nature of the market is projected to
intensify further, witnessing rising new market entrants. To meet the
augmenting demand for advanced safety features by governments and consumers,
players invest substantially to drive R&D required for product
developments. Also, these players focus on geographical expansion to witness
relentless innovations and the development of new products.
Major Players:
Players leading the North America sensor market
include ABB Ltd. (Australia), Delphi Automotive LLP (UK), Analog Devices,
Inc.(US), Bosch Group Gmbh (Germany), Honeywell International, Inc. (US),
Meggitt Sensing Systems (US), Yokogawa Electric Corporation (Japan), Siemens AG
(Germany), STMicroelectronics and, Infineon Technologies AG (Germany), among
others.
Industry/ Innovation/ Related News
August 03, 2020 ---- Boonton (the US), a Wireless
Telecom Group company, launched a new USB RF power sensor to enable the
characterization of Wi-Fi 6 devices uniquely. The RTP5008 Real-Time Peak USB
Power Sensor uniquely enables the characterization of Wi-Fi 6 devices in the
newly allocated 6 GHz band (5.925 to 7.125 GHz).
Boonton is the leading RF power measurement instrument
supplier with the capability to fully characterize the chipsets and modules
with the highest level of performance, utilizing channel bandwidths up to 160
MHz in multiple inputs, and multiple-output (MIMO) configurations. The new
Wi-Fi 6 technology is expected to offer faster data throughput, greater network
efficiency, improved operation in dense or congested environments, and extended
battery life for client devices.
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