North America Sensor Market Research Report - Global Forecast to 2023

North America Sensor Market Research Report - Global Forecast to 2023

ID: MRFR/ICT/3756-CRR | January, 2018 | Region: Global | 70 pages | Cooked Research Reports

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. These objects are very intelligent in nature and holds the capabilities of sensing the environment and taking the necessary action. IOT plays very vital role in the development and growth of the sensor market. Sensors are used to embed Internet of Things (IoT) functionality into a wide range of systems and objects. The Internet of Things (IoT) is cannot exist without smart sensors which in result is boosting the sensors market. The ongoing deployment of LTE and technological advancements in various fields have boosted the number of connected devices. The connected devices consist of numerous devices such as sensors, smart phones, tablet computers, laptops, and desktop personal computers. The trend of a high attraction towards connectivity is observed worldwide. The emergence of new technologies like ZigBee, which works on inexpensive batteries, improves comfort in the development of connected devices. 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.


Growing trend of IoT and increasing number of connected devices, Growing Demand from automation, growth in virtual reality Market, ongoing development of smart cities and increasing security concerns are some of factors driving the market growth. However, dynamic nature of semiconductor industry is one of crucial factor hindering the market growth during forecast period 2017-2023.


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.


Key Findings



  • North America Sensor Market has generated market revenue of USD 25,839.74 million in 2016 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 2016 in North America. Whereas, Position Sensor and Proximity Sensor is expected to drive the market in coming years with 18% and 15% CAGR, respectively.

  • By Technology: CMOS Process technology is dominating the North America sensor market by generating highest revenue in 2016. Whereas, Hybrid technology and Vision sensing technology is projected to drive the market in North America with 17% and 15% CAGR, respectively.

  • By Connectivity: Wired connectivity is dominating the sensor market in North America by generating highest revenue in 2016. Whereas, wireless connectivity is expected to pace the North America market in coming years growing with 13.52% CAGR.

  • By End-User: Industrial sector is dominating the sensor market in North America and has generated highest revenue of USD 6.7 billion in 2016. Whereas, aerospace & defence followed by medical sector is projected to drive the market in North America with 16% and 13% CAGR, respectively.

  • By Geography, U.S. is dominating the Sensor Market followed by Canada and 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.


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)


Intended Audience



  • Sensor providers

  • Sensor operators

  • Transit agencies

  • Investors

  • Research institute

  • End users

License

Single User Enterprise User (Buy Premium Reports Chapterwise)
Currency

TABLE OF CONTENTS

2.1 Market Growth Factors 9

2.2 Market Drivers 9

2.2.1 Growing trend of IoT and increasing number of connected devices 9

2.2.2 Growing Demand from Automation Industry 10

2.2.3 Growth in Virtual Reality Market 11

2.2.4 Ongoing development of smart cities 11

2.2.5 Increasing security concerns 12

2.3 Market Drivers Impact Analysis 12

2.4 Market Restraints 13

2.4.1 Dynamic Nature of Semiconductor Industry 13

2.4.2 Embedding sensors in devices increases the costs of devices 13

2.5 Sensors Market Supply Chain Process 14

2.6 Porter’s Five Forces Analysis 14

3.1 Introduction 15

3.2 Sub-segment 17

3.2.1 Flow Sensor 17

3.2.2 Image Sensor 17

3.2.3 Touch Sensor 17

3.2.4 Position Sensor 17

3.2.5 Temperature Sensor 18

3.2.6 Motion Sensor 18

3.2.7 Light Sensor 18

3.2.8 Pressure Sensor 18

3.2.9 Proximity Sensor 19

3.2.10 Optical Sensor 19

4.1 Introduction 20

4.2 Sub-Segment 22

4.2.1 System on chip 22

4.2.2 System in Package 22

4.2.3 Hybrid Technology 22

4.2.4 CMOS Process 22

4.2.5 IC Compatible 3D Micro Structuring 23

4.2.6 Machine Vision 23

4.2.7 Vision Sensing 23

5.1 Introduction 24

5.2 Sub-Segment 25

5.2.1 Wired 25

5.2.2 Wireless 25

6.1 Introduction 26

6.2 Market by Sub-segment 27

6.2.1 Industrial 27

6.2.2 Medical 27

6.2.3 Automotive 27

6.2.4 Consumer Electronics 28

6.2.5 Aerospace & Defence 28

7.1 North America 29

7.1.1 U.S. 31

7.1.2 Canada 34

7.1.3 Mexico 37

8.1 Introduction 40

8.2 Market Share Analysis 40

8.3 Company Profiles 42

8.3.1 Bosch Group 42

8.3.2 ABB Ltd. (Australia) 44

8.3.3 Siemens AG (Germany) 46

8.3.4 Yokogawa Electric Corporation 48

8.3.5 Honeywell International Inc. (U.S.) 50

8.3.6 Delphi Automotive LLP (U.K.) 52

8.3.7 Analog Devices Inc. (U.S) 53

8.3.8 Meggitt Plc. (U.S.) 54

8.3.9 STMicroelectronics (Switzerland) 55

8.3.10 Infineon Technologies AG (Germany) 56

9.1 Scope of the Study 57

9.1.1 Research Objective 57

9.1.2 Assumption 57

9.1.3 Limitation 57

9.2 Market Structure 58

10.1 Research Process 59

10.2 Primary Research 60

10.3 Secondary Research 60

10.4 Market Size Estimation 60

10.5 Forecast Model 61

TABLE 1 NORTH AMERICA SENSORS MARKET BY TYPE, 2017-2023 (USD MILLION) 16

TABLE 2 NORTH AMERICA SENSORS MARKET, BY TECHNOLOGY, 2017-2023 (USD MILLION) 21

TABLE 3 NORTH AMERICA SENSORS MARKET, BY CONNECTIVITY, 2017-2023 (USD MILLION) 24

TABLE 4 NORTH AMERICA SENSORS MARKET, BY END-USERS, 2017-2023 (USD MILLION) 26

TABLE 5 NORTH AMERICA SENSORS MARKET BY COUNTRY,2017-2023 (USD MILLION) 30

TABLE 6 U.S. SENSORS MARKET, BY TYPE, 2017-2023 (USD MILLION) 31

TABLE 7 U.S. SENSORS MARKET, BY TECHNOLOGY, 2017-2023 (USD MILLION) 32

TABLE 8 U.S. SENSORS MARKET, BY CONNECTIVITY, 2017-2023 (USD MILLION) 33

TABLE 9 U.S. SENSORS MARKET, BY END-USERS, 2017-2023 (USD MILLION) 33

TABLE 10 CANADA SENSORS MARKET, BY TYPE, 2017-2023 (USD MILLION) 34

TABLE 11 CANADA SENSORS MARKET, BY TECHNOLOGY, 2017-2023 (USD MILLION) 35

TABLE 12 CANADA SENSORS MARKET, BY CONNECTIVITY, 2017-2023 (USD MILLION) 36

TABLE 13 CANADA SENSORS MARKET, BY END-USERS, 2017-2023 (USD MILLION) 36

TABLE 14 MEXICO SENSORS MARKET, BY TYPE, 2017-2023 (USD MILLION) 37

TABLE 15 MEXICO SENSORS MARKET, BY TECHNOLOGY, 2017-2023 (USD MILLION) 38

TABLE 16 MEXICO SENSORS MARKET, BY CONNECTIVITY, 2017-2023 (USD MILLION) 39

TABLE 17 MEXICO SENSORS MARKET, BY END-USERS, 2017-2023 (USD MILLION) 39

FIGURE 1 NORTH AMERICA SENSORS MARKET: DRIVERS & RESTRAINTS 9

FIGURE 2 SENSORS MARKET: SUPPLY CHAIN PROCESS 14

FIGURE 3 NORTH AMERICA SENSORS MARKET: PORTER’S FIVE FORCES ANALYSIS 14

FIGURE 4 NORTH AMERICA SENSORS MARKET BY TYPE, 2017-2023 (USD MILLION) 15

FIGURE 5 NORTH AMERICA SENSORS MARKET, BY TECHNOLOGY, 2017-2023 (USD MILLION) 20

FIGURE 6 NORTH AMERICA SENSORS MARKET, BY CONNECTIVITY, 2017-2023 (USD MILLION) 24

FIGURE 7 NORTH AMERICA SENSORS MARKET, BY END-USERS, 2017-2023 (USD MILLION) 26

FIGURE 9 NORTH AMERICA SENSORS MARKET BY COUNTRY,2017-2023 (USD MILLION) 30

FIGURE 10 NORTH AMERICA SENSORS KEY PLAYERS MARKET SHARE, 2016 (%) 40

FIGURE 11 NORTH AMERICA SENSORS MARKET STRUCTURE 58

FIGURE 12 MRFR RESEARH PROCESS 59