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Unveiling the Potential of the North America Sensor Market: Trends, Growth Factors, and Key Players

Dec 13, 2023 11:00 PM ET

Unveiling the Potential of the North America Sensor Market: Trends, Growth Factors, and Key Players

North America Sensor Market Overview:

The North America sensor market will demonstrate steady growth in the future, with the increasing integration of sensors in vehicles defining the growing market landscape. Market Research Future (MRFR) states that the North America sensor market is poised to reach a valuation of USD 23121 MN by 2030, registering a 6.51% CAGR during the assessment period (2021-2030). 

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Top Key Players of the North America Sensor Market:

Leading players in 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
  • Infineon Technologies AG (Germany)

 

Sensors have garnered massive prominence over the past couple of years due to their capabilities in self-testing, self-identification, self-validation, and self-adaptation. Increasing sensor applications in medical and biomedical devices and smart connected devices create tremendous growth opportunities. 

Besides, the rising demand for sensors from industries such as automotive, electronics, defense, and healthcare boosts the market size. Additional advantages of sensors, such as high performance, high reliability, minimal requirement of interconnecting cables, compact size, and low power consumption, escalate the market value further. 

Ongoing deployments of LTE and technological advancements in various fields substantiate market revenues, increasing the number of connected devices. Increasing usage of IoT-based solutions fosters the demand for intelligent sensors. Also, considerable investments in research and development activities aimed at designing intelligent sensors and increasing product development & launches substantiate the size of the North America sensor industry.

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North America Sensor Market – Segments

The report is segmented into sensor type, technology, connectivity, end-users, and countries. The sensor type segment is sub-segmented into flow sensors, image sensors, touch sensors, motion sensors, temperature sensors, pressure sensors, position sensors, light sensors, proximity sensors, optical sensors, and others. 

The technology segment is sub-segmented into system on package, system on chip, hybrid technology, IC compatible 3D micro structuring, CMOS process, machine vision, and vision sensing. The connectivity segment is sub-segmented into wired and wireless. The end-user segment is sub-segmented into industrial, medical, automotive, consumer electronics, aerospace & defense, and others. By countries, the market is segmented into the US, Canada, and the rest of North America. 

North America Sensor Market – Country-wise Analysis

The US leads the North American sensor market due to technological advancement and developed network architecture. Besides, the increasing number of smartphone users fuels the market revenues. Moreover, the rising demand for sensors from consumer electronics and automotive sectors and the penetration of autonomous devices foster the market’s growth. The US sensor market is expected to register a steady CAGR during the assessment period. 

North America Sensor Market – Competitive Analysis 

Highly competitive, the North American sensor market appears fragmented due to several well-established players forming a competitive landscape. To gain a larger competitive share in this market, industry players incorporate strategic initiatives such as mergers & acquisitions, collaborations, expansions, and product/ technology launches.

Browse In-depth Market Research Report (70 Pages, Charts, Tables, Figures) on North America Sensor Market –
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Industry/ Innovation/ Related News

Oct. 01, 2023 — Smartmicro, a radar sensor pioneer, announced commencing operations of its subsidiary in North America, Smartmicro US. This strategic move aligns with Smartmicro’s ongoing commitment to extending its global presence and providing top-tier service to customers across North and South America. Based in Lake Mary, Florida, Smartmicro US will help American warehouse businesses streamline order processing, inventory, and shipment handling.

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About Market Research Future:

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Also, we are launching “Wantstats” the premier statistics portal for market data in comprehensive charts and stats format, providing forecasts, regional and segment analysis. Stay informed and make data-driven decisions with Wantstats.

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Contact Information:

Contact Market Research Future (Part of Wantstats Research and Media Private Limited) 99 Hudson Street, 5Th Floor New York, NY 10013 United States of America +1 628 258 0071 (US) +44 2035 002 764 (UK) Email:¬†[email protected] Website:¬†https://www.marketresearchfuture.com



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