US Sensors Market to Grow at a CAGR of Over 7% Through 2021: Says TechSci Research

Jun 29, 2016, 11:30 ET from TechSci Research

NEW YORK, June 29, 2016 /PRNewswire/ --

Rising Sales of Consumer Electronics, Increasing Smart City Projects and Growing Focus on Smart Building Concept to Drive Sensors Market in the United States Through 2021 

According to TechSci Research report, "United States Sensors Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021', the sensors market in the United States is projected to grow at a CAGR of more than 7% during 2016-2021, due to increasing number of users of smart devices, growing adoption of Micro Electro Mechanical Systems (MEMS) based micro-machine sensors, rising market acceptance of smart pressure sensors, and growing adoption of sensors in diverse applications. Growing smart vehicles market and rising adoption of sensors by automotive Original Equipment Manufacturers (OEMs) is also propelling demand for sensors from the automotive sector in the United States. Rising demand for sensors from the automotive segment in the country is also being supported by implementation of regulations that mandate used of specific sensors in vehicles.

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United States Vehicle Sales, By Volume, 2010-2015 (Million Units)  

                      Sales (in Million
          Year              Units)
          2010              11.77
          2011              13.04
          2012              14.79
          2013              15.88
          2014              16.52
          2015              17.47

Source: Organisation Internationale des Constructeurs d'Automobiles (OICA) 

Browse 52 market data Tables and 45 Figures spread through 180 Pages and an in-depth TOC on 

"United States Sensors Market"

Touch sensors dominated the United States sensors market in 2015, followed by image sensors, temperature sensors and position sensors. Growing adoption of sensors by smart device manufactures coupled with increasing demand for high quality images is driving the demand for sensors across different application segments including consumer electronics, automotive, defense, healthcare, etc. Few of the major players operating in the United States sensors market include InvenSense Inc., ST Microelectronics, Microchip Technology, and ALPS Electronic. Western region was the largest regional market for sensors in the United States, followed by Southern and North East regions. Cities such as Washington, New Mexico, California, and Hawaii, are the major demand generators for sensors in the Western region.

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"United States has the second highest number of smartphone and tablet users across the globe. In 2015, the country had around 190.50 million and 158.80 million smartphone and tablet users, respectively. Rising use of touch sensors and image sensors in smart handheld devices is witnessing a continuing upsurge. Moreover, increasing adoption of different types of sensors in consumer electronics, growing smart building concept, rising investment on research and development, coupled with technology advancements is expected to boost demand for sensors in the US over the next five years.", said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

"United States Sensors Market By Type, By Application, Competition Forecast and Opportunities, 2011 - 2021" has evaluated the future growth potential of the United States sensors market and provides statistics and information on market size, consumer behaviour and trends. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment evaluation. Besides, the report also identifies and analyzes emerging trends along with essential drivers, challenges and opportunities in the United States sensors market.

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About TechSci Research 

TechSci Research is a leading global market research firm publishing premium market research reports. Serving 700 global clients with more than 600 premium market research studies, TechSci Research is serving clients across 11 different industrial verticals. TechSci Research specializes in research based consulting assignments in high growth and emerging markets, leading technologies and niche applications. Our workforce of more than 100 fulltime Analysts and Consultants employing innovative research solutions and tracking global and country specific high growth markets helps TechSci clients to lead rather than follow market trends.

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