Nanotechnology Now







Heifer International

Wikipedia Affiliate Button


DHgate

Home > Press > US sensor demand to exceed $13 billion in 2014

Abstract:
Demand for sensors in the US will rise 6.1 percent per year to $13.1 billion in 2014, a strong recovery from low 2009 levels. A rebound in motor vehicle production will boost demand for automotive original equipment manufacturer (OEM) sensors, while the high penetration levels achieved for products like tire pressure monitoring and occupant positioning sensors will provide some aftermarket opportunities. Sensor demand will further benefit from the improved outlook for both process manufacturing and industrial machinery shipments. Beyond these macroeconomic factors, improvements in sensor technology, especially in areas such as micro-electro-mechanical systems (MEMS), photoelectronics and optoelectronics, will support gains. These and other trends are presented in Sensors, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.

US sensor demand to exceed $13 billion in 2014

Cleveland, OH | Posted on September 27th, 2010

Motor vehicles are generally the largest end use for sensors in the US; however, with the sharp downturn in vehicle production, this market fell behind industrial applications in 2009. Through 2014, demand for motor vehicle sensors in the US will advance 14 percent annually to $3.9 billion in 2014, supported by a rebound in motor vehicle production, coupled with the rising use of newer sensor-laden systems. As a result, motor vehicles will once again become the leading market for sensors well before 2014 and will account for more than half of the overall increase in sensor demand between 2009 and 2014. Because of the sheer size of the recovery in the large motor vehicle market, the other leading markets will all perform at a below average pace. Still several of these markets will post solid gains, including industrial machinery and medical applications, which will both rise more than four percent per year through 2014.

Among the various sensor types, proximity and positioning and chemical property sensors will see the most rapid increases. Proximity and positioning sensors will benefit from the rebound in motor vehicle production and industrial machinery shipments. In addition, these products are used in newer automotive applications such as electronic stability control systems and advanced airbags. Demand for chemical property sensors will be supported by technological advances that allow for price reduction, sensor miniaturization and greater precision. Process variable sensors (e.g., pressure, temperature, flow and level) will continue to be the largest product type, although these sensors are expected to grow at below-average rates since they represent some of the more mature products in the sensor industry.

####

For more information, please click here

Contacts:
The Freedonia Group, Inc.
767 Beta Drive
Cleveland, OH 44143-2326
Corinne Gangloff
440.684.9600
fax 440.646.0484

Copyright © The Freedonia Group, Inc.

If you have a comment, please Contact us.

Issuers of news releases, not 7th Wave, Inc. or Nanotechnology Now, are solely responsible for the accuracy of the content.

Bookmark:
Delicious Digg Newsvine Google Yahoo Reddit Magnoliacom Furl Facebook

Related News Press

News and information

The laser pulse that gets shorter all by itself: Ultrashort laser pulses have become an indispensable tool for atomic and molecular research; A new technology makes creating short infrared pulses easy and cheap January 27th, 2015

New pathway to valleytronics January 27th, 2015

Stomach acid-powered micromotors get their first test in a living animal January 27th, 2015

Entanglement on a chip: Breakthrough promises secure communications and faster computers January 27th, 2015

Possible Futures

GS7 Graphene Sensor maybe Solution in Fight Against Cancer January 25th, 2015

Nanotechnology in Energy Applications Market Research Report 2014-2018: Radiant Insights, Inc January 15th, 2015

'Mind the gap' between atomically thin materials December 23rd, 2014

A novel method for identifying the body’s ‘noisiest’ networks November 19th, 2014

MEMS

CNSE's Smart System Technology & Commercialization Center Successfully Recertifies as ISO 9001:2008 January 12th, 2015

Piezoelectricity in a 2-D semiconductor: Berkeley Lab researchers discovery of piezoelectricty in molybdenum disulfide holds promise for future MEMS December 22nd, 2014

MEMS Industry Group's 10th Annual Executive Conference Showcases Rapid Innovation in MEMS/Sensors: Emphasizes Spirit of Collaboration, Supporting First Open-Source Algorithm Community, New Standardization Efforts November 10th, 2014

MEMS & Sensors Technology Showcase: Finalists Announced for MEMS Executive Congress US 2014 October 23rd, 2014

Sensors

Detection of Heavy Metals in Samples with Naked Eye January 26th, 2015

GS7 Graphene Sensor maybe Solution in Fight Against Cancer January 25th, 2015

Nanosensor Used for Simultaneous Determination of Effective Tea Components January 24th, 2015

Iranian Scientists Produce Graphene-Based Oxygen Sensor January 23rd, 2015

Announcements

The laser pulse that gets shorter all by itself: Ultrashort laser pulses have become an indispensable tool for atomic and molecular research; A new technology makes creating short infrared pulses easy and cheap January 27th, 2015

New pathway to valleytronics January 27th, 2015

Entanglement on a chip: Breakthrough promises secure communications and faster computers January 27th, 2015

Engineering self-assembling amyloid fibers January 26th, 2015

Interviews/Book Reviews/Essays/Reports/Podcasts/Journals/White papers

The laser pulse that gets shorter all by itself: Ultrashort laser pulses have become an indispensable tool for atomic and molecular research; A new technology makes creating short infrared pulses easy and cheap January 27th, 2015

New pathway to valleytronics January 27th, 2015

Stomach acid-powered micromotors get their first test in a living animal January 27th, 2015

Entanglement on a chip: Breakthrough promises secure communications and faster computers January 27th, 2015

Photonics/Optics/Lasers

The laser pulse that gets shorter all by itself: Ultrashort laser pulses have become an indispensable tool for atomic and molecular research; A new technology makes creating short infrared pulses easy and cheap January 27th, 2015

New pathway to valleytronics January 27th, 2015

Scientists 'bend' elastic waves with new metamaterials that could have commercial applications: Materials could benefit imaging and military enhancements such as elastic cloaking January 23rd, 2015

Teijin to Participate in Nano Tech 2015 January 22nd, 2015

NanoNews-Digest
The latest news from around the world, FREE



  Premium Products
NanoNews-Custom
Only the news you want to read!
 Learn More
NanoTech-Transfer
University Technology Transfer & Patents
 Learn More
NanoStrategies
Full-service, expert consulting
 Learn More










ASP
Nanotechnology Now Featured Books




NNN

The Hunger Project







© Copyright 1999-2015 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE