Nanotechnology Now

Our NanoNews Digest Sponsors


Heifer International

Wikipedia Affiliate Button

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

A 'smart dress' for oil-degrading bacteria July 24th, 2016

New remote-controlled microrobots for medical operations July 23rd, 2016

New superconducting coil improves MRI performance: UH-led research offers higher resolution, shorter scan time July 23rd, 2016

New probe developed for improved high resolution measurement of brain temperature: Improved accuracy could allow researchers to measure brain temperature in times of trauma when small deviations in temperature can lead to additional brain injury July 23rd, 2016

Possible Futures

A 'smart dress' for oil-degrading bacteria July 24th, 2016

New remote-controlled microrobots for medical operations July 23rd, 2016

New superconducting coil improves MRI performance: UH-led research offers higher resolution, shorter scan time July 23rd, 2016

New probe developed for improved high resolution measurement of brain temperature: Improved accuracy could allow researchers to measure brain temperature in times of trauma when small deviations in temperature can lead to additional brain injury July 23rd, 2016

MEMS

New research unveils graphene 'moth eyes' to power future smart technologies: New ultra-thin, patterned graphene sheets will be essential in designing future technologies such as 'smart wallpaper' and Internet-of-things applications March 1st, 2016

Vesper Collaborates with GLOBALFOUNDRIES to Deliver First Piezoelectric MEMS Microphones: Acoustic sensing company works with top foundry to support mass-market consumer products January 21st, 2016

MEMS & Sensors Industry Group Previews “Internet of MEMS & Sensors” at CES 2016 -- Global industry association invites CE OEMS/integrators to conference track on January 7 January 6th, 2016

SITRI and Accelink Announce Cooperative Agreement on Opto-Electronic Communication December 31st, 2015

Sensors

Electron 'spin control' of levitated nanodiamonds could bring advances in sensors, quantum information processing July 20th, 2016

Easier, faster, cheaper: A full-filling approach to making nanotubes of consistent quality: Approach opens a straightforward route for engineering the properties of single-wall carbon nanotubes July 19th, 2016

Researchers invent 'smart' thread that collects diagnostic data when sutured into tissue: Advances could pave way for new generation of implantable and wearable diagnostics July 18th, 2016

UNIST engineers octopus-inspired smart adhesive pads July 15th, 2016

Announcements

A 'smart dress' for oil-degrading bacteria July 24th, 2016

New remote-controlled microrobots for medical operations July 23rd, 2016

New superconducting coil improves MRI performance: UH-led research offers higher resolution, shorter scan time July 23rd, 2016

New probe developed for improved high resolution measurement of brain temperature: Improved accuracy could allow researchers to measure brain temperature in times of trauma when small deviations in temperature can lead to additional brain injury July 23rd, 2016

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

A 'smart dress' for oil-degrading bacteria July 24th, 2016

New remote-controlled microrobots for medical operations July 23rd, 2016

New superconducting coil improves MRI performance: UH-led research offers higher resolution, shorter scan time July 23rd, 2016

New probe developed for improved high resolution measurement of brain temperature: Improved accuracy could allow researchers to measure brain temperature in times of trauma when small deviations in temperature can lead to additional brain injury July 23rd, 2016

Photonics/Optics/Lasers

RMIT researchers make leap in measuring quantum states July 21st, 2016

The birth of quantum holography: Making holograms of single light particles! July 21st, 2016

Graphene photodetectors: Thinking outside the 2-D box July 21st, 2016

Scientists develop way to upsize nanostructures into light, flexible 3-D printed materials: Virginia Tech, Livermore National Lab researchers develop hierarchical 3-D printed metallic materials July 20th, 2016

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







Car Brands
Buy website traffic