Market Highlights
Increasing need for security in today’s world is a major factor driving the growth of sensor market. North America region is very much concerned about their security and have very strict rules for security. To monitor terrorist attacks and maintain secured atmosphere in and around the city, high resolution cameras are a must. The growing awareness about security and surveillance is one major factor driving the growth of sensors market. Furthermore, there are different sensors such as image sensors, touch sensors, motion sensors, fingerprint sensors and others that are of great importance for security and surveillance purposes to keep track of people, monitor the area and also help in catching thieves. The night vision sensors are also available which can be implemented at residential areas and even at corporate sectors for surveillance purpose. Therefore the increasing security concerns are boosting the North America sensors market.
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According to MRFR analysis, Bosch Group is the leading company in Sensors Market. It is a leading industry in automotive sector and has excellent technical capabilities. The company provide wide range of sensor products to industries. Also, it has built strong corporate network by partnerships with different companies to increase their sales. It has strong market position and has large customer base which thereby supporting its hold on Sensors Market.
Regional Analysis
The competitive landscape of North America Sensor market is formed by major players of the market and some of the new entrants. North America leads the market for North America Sensor market. The technical advancements in the region, developed network architecture and high adoption rate of sensors by automotive and industrial sector are driving the growth in North America Sensor market.
The North America Sensor market has led by U.S. in 2016 by generating highest revenue of USD 11 billion and is expected to grow with 12% CAGR. Whereas, Canada is projected to be the fastest growing country with 15% CAGR during forecast period 2017-2023.
U.S. Sensors Market, by type has dominated by image sensor in 2016 and is expected to generate market value of USD 5 billion by 2023 growing with 11.24% CAGR. Followed by touch sensor, pressure sensor, and temperature sensor, respectively in 2016. These sensors are projected to grow with 9.06% CAGR, 7.94% CAGR and 12.53% CAGR, respectively. Position sensor, and proximity sensor are expected to mount with fastest growing 18.28% and 14.91% CAGR, respectively.
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Some of the key players in the market are Infax, Inc. (U.S.), Passio Technologies, Inc. (U.S.), General Electric Company (U.S.), Huawei Technologies Co. Ltd (China), DTI Group (Australia), Cubic Transportation Systems (U.S.), Siemens AG (Germany), Advantech Corporation (Taiwan), Medha Servo Drives Pvt. Ltd (India) and Neusoft Corporation (China).
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.
It is a professional and a detailed report focusing on primary and secondary drivers, North America Sensor Market size, share, leading segments and geographical analysis.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.
Increasing usages of IoT-based solutions foster the demand for intelligent sensors.Get Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/5194Moreover, 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 Key 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.North America Sensor Market - SegmentationThe 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.Check Discount @ https://www.marketresearchfuture.com/check-discount/5194North America Sensor Market - Country-wise AnalysisThe US dominates the North American sensor market due to the technological advancement and developed network architecture.
North America Sensor Market by Sensor Type (Flow Sensor, Image Sensor, Touch Sensor, Temperature Sensor), by Technology (System on chip, System on Package, CMOS Process), by End-User (Medical, Automotive, Consumer Electronics)- Forecast 2023 Market Scenario:IOT or Internet of things can be defined as a real environment where the objects will be connected via the Internet.
Emergence of new applications and technological advancements in the field of wireless connectivity technologies such as general packet radio service (GPRS), Wi-Fi, and worldwide interoperability for microwave access (WiMax) are increasing the number of connected devices.
However, dynamic nature of semiconductor industry is one of crucial factor hindering the market growth during forecast period 2019-2023.
The sensors market is segmented on the basis of verticals into different verticals as industrial, medical, automotive, consumer electronics and aerospace & defence.
Key PlayersThe 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) Key FindingsNorth America Sensor Market has generated market revenue of USD 25,839.74 million in 2019 and is projected to reach USD 55,383.64 million by 2023 growing with 11.82% CAGR.By Type: Image sensor is dominating the market and has generated USD 5 billion market value in 2019 in North America.
Regional AnalysisNorth America Sensor market, by region is led by North America in 2019 due to the technological advancement and developed network architecture.
