Nanotechnology Now

Our NanoNews Digest Sponsors



Heifer International

Wikipedia Affiliate Button


android tablet pc

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

Lifeboat Foundation Responds to Largest Ebola Outbreak in History October 2nd, 2014

Iran's Sharif University to Host 4th Conference on Nanostructured Solar Cells October 2nd, 2014

Multifunctional Cotton Fabrics Produced in Iran Using Nanotechnology October 2nd, 2014

Graphene chips are close to significant commercialization October 1st, 2014

Possible Futures

Lifeboat Foundation Responds to Largest Ebola Outbreak in History October 2nd, 2014

Air Force’s 30-year plan seeks 'strategic agility' August 1st, 2014

IBM Announces $3 Billion Research Initiative to Tackle Chip Grand Challenges for Cloud and Big Data Systems: Scientists and engineers to push limits of silicon technology to 7 nanometers and below and create post-silicon future July 10th, 2014

Virus structure inspires novel understanding of onion-like carbon nanoparticles April 10th, 2014

MEMS

IEEE International Electron Devices Meeting To Celebrate 60th Anniversary as The Leading Technical Conference for Advanced Semiconductor Devices September 18th, 2014

Carbyne morphs when stretched: Rice University calculations show carbon-atom chain would go metal to semiconductor July 21st, 2014

Leti to Present Technological Platforms Targeting Industry’s Needs for the Future at Semicon West Workshop: Presentation at STS Session to Focus on Leti Advanced Lithography Programs for 1x Nodes and on Silicon Photonics at TechXPot June 25th, 2014

Mirrorcle Technologies Opens New Company Headquarters May 27th, 2014

Sensors

New Absorber Will Lead to Better Biosensor: Biosensors are more sensitive and able to detect smaller changes in the environment October 1st, 2014

Graphene and Amaranthus Superparamagnets: Breakthrough nanoparticles discovery of Indian researcher September 23rd, 2014

IEEE International Electron Devices Meeting To Celebrate 60th Anniversary as The Leading Technical Conference for Advanced Semiconductor Devices September 18th, 2014

Biosensors Get a Boost from Graphene Partnership: $5 Million Investment Supports Dozens of Jobs and Development of 300mm Fabrication Process and Wafer Transfer Facility September 18th, 2014

Announcements

Lifeboat Foundation Responds to Largest Ebola Outbreak in History October 2nd, 2014

Iran's Sharif University to Host 4th Conference on Nanostructured Solar Cells October 2nd, 2014

Multifunctional Cotton Fabrics Produced in Iran Using Nanotechnology October 2nd, 2014

Graphene chips are close to significant commercialization October 1st, 2014

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

Multifunctional Cotton Fabrics Produced in Iran Using Nanotechnology October 2nd, 2014

Novel approach to magnetic measurements atom-by-atom October 1st, 2014

'Stealth' nanoparticles could improve cancer vaccines October 1st, 2014

Stressed Out: Research Sheds New Light on Why Rechargeable Batteries Fail October 1st, 2014

Photonics/Optics/Lasers

$18-million NSF investment aims to take flat materials to new heights: 2-D alternatives to graphene may enable exciting advances in electronics, photonics, sensors and other applications October 1st, 2014

New Absorber Will Lead to Better Biosensor: Biosensors are more sensitive and able to detect smaller changes in the environment October 1st, 2014

Speed at its limits September 30th, 2014

'Pixel' engineered electronics have growth potential: Rice, Oak Ridge, Vanderbilt, Penn scientists lead creation of atom-scale semiconducting composites September 29th, 2014

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 1999-2014 7th Wave, Inc. All Rights Reserved PRIVACY POLICY :: CONTACT US :: STATS :: SITE MAP :: ADVERTISE