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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