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Technological advances will continue to open up new markets for Sensors

Press Release   •   Sep 29, 2010 14:47 IST

Sensors to 2014

US demand to increase 5.2% annually through 2014
US demand for sensors, transducers and associated housings will increase 5.2 percent annually to $12.3 billion in 2014, spurred by economic recovery, particularly in motor vehicle production, from a weak 2009 base. In addition, technological advances will continue to open up new markets for sensors. However, these advances will also tend to increase capabilities at lower prices, which will limit growth in value terms. Shipments of sensor products from US facilities will rise 5.1 percent annually through 2014. Trade is important in the sensor industry, with imports representing nearly 30 percent of demand and exports representing one-quarter of shipments in 2009. Growth in imports is expected to outpace export gains, with rising imports expected from both leading sensor-producing nations such as Japan and Germany, as well as from developing nations such as Mexico and China, which benefit from lower production costs. ( http://www.bharatbook.com/detail.asp?id=150407&rt=Sensors-to-2014.html )

Process variable, physical property sensors to remain largest product segments
Process variable (e.g., pressure, temperature, flow and level) and physical property (e.g., speed, motion, load, vibration) sensors will continue to be the two largest product segments, given the numerous applications for these products. In addition, physical property sensors are expected to see above average growth due to the expected strong rebound in vehicle production, increasing their penetration in advanced airbags and electronic stability systems.

Proximity & positioning sensors to grow the fastest
Through 2014, proximity and positioning sensors are expected to record the most rapid advances, increasing more than eight percent annually. Demand for these sensors will be supported by the rebound in both motor vehicle production and industrial machinery shipments. In addition, newer applications such as collision avoidance and electronic stability systems in motor vehicles will provide opportunities.

Motor vehicle market to regain leading position
Motor vehicles are typically the largest market for sensors in the US; however, with the sharp downturn in vehicle production, this market fell behind both industrial and military/aerospace applications in 2009. Given the expected rebound in motor vehicle production, this market will regain its traditional lead by 2014. Furthermore, the motor vehicle market will see by far the strongest gains over the forecast period, rising more than 14 percent per year through 2014. In addition to a strong recovery in production, mandated changes (e.g., electronic stability control) and consumer preferences for newer safety features will both support advances.

The medical and military/aerospace markets are also expected to see solid growth, benefiting from technological innovations and increased shipments of sensor-containing equipment. Despite the generally positive outlook, growth in the military/aerospace market is expected to moderate, along with military budgets. Despite strong growth globally, the information technology sensor market in the US is expected to post only modest gains, since many of the sensor-containing devices (e.g., cell phones, laptops and computer accessories) are produced outside the US.

For more information kindly visit : http://www.bharatbook.com/detail.asp?id=150407&rt=Sensors-to-2014.html

Related Reports

World Automotive Sensors to 2014
http://www.bharatbook.com/detail.asp?id=144483&rt=World-Automotive-Sensors-to-2014.html

Global Image Sensors Market 2009-2013
http://www.bharatbook.com/detail.asp?id=149781&rt=Global-Image-Sensors-Market-2009-2013.html

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