This study analyzes the US sensors industry. It presents historical demand data (2001, 2006, 2011) and forecasts for 2016 and 2021 by sensor type (e.g., process variable, physical property, proximity and positioning, electrical property, chemical property, imaging) and market (e.g., motor vehicles, industrial, military/aerospace, medical, electronic security, consumer electrical and electronic, information technology). The study also considers market environment factors, reviews technology, evaluates company market share and profiles industry competitors.
US demand to rise 6.1% annually through 2016
US sales of sensors are forecast to climb at a 6.1 percent annual rate through 2016 to $14.9 billion, showing significant improvement over market performance between 2006 and 2011. Demand will be fueled by rebounds in motor vehicle and machinery production, government mandates requiring all new light vehicles to be equipped with electronic stability control and tire pressure monitoring systems, and growth in process manufacturers’ shipments. Further development of and new applications for technologies like microelectromechanical systems (MEMS), optoelectronics, and photoelectronics will also help bolster sensor sales. However, the maturity of many sensor markets and improved fabrication techniques that have led to increased sensing abilities at lower costs will temper value gains. In addition, the manufacture of many sensor-laden products, such as consumer electronic devices, has moved overseas, which will further limit market advances.
Chemical property sensors among fastest growing
Process variable sensors will remain the largest product category in dollar terms in 2016, while chemical property sensors and proximity and positioning sensors will post the fastest growth. Chemical sensor sales will be boosted by technological advances that have resulted in smaller, more precise sensors at lower costs, allowing them to be used for additional applications in existing markets, as well as in a number of new markets. The rebound in motor vehicle production, and an expected increase in aftermarket demand for engine oxygen sensors, will provide growth opportunities for chemical sensors used in vehicle emission systems. Proximity and positioning sensor demand will be spurred by output gains for motor vehicles, where these devices are important components in active safety systems like electronic stability control. The renewed strength in shipments of machinery, another important market for proximity and positioning sensors, will also support sales gains.
Motor vehicles to reclaim position as largest market
In 2011, industrial applications overtook motor vehicles to become the largest major sensor market due to still low levels of motor vehicle production compared to earlier peaks. However, thanks to a continuing rebound in motor vehicle output and new, sensor-heavy systems — including cylinder deactivation, direct fuel injection, electronic stability control, roll-over protection, tire pressure monitoring, and variable-valve timing systems — motor vehicles will once again become the leading sensor market, accounting for over half of all dollar gains between 2011 and 2016.
Profiles 39 industry competitors such as Emerson Electric, Honeywell, Northrup Grumman, Robert Bosch, Schneider Electric and Sensata
This study analyzes the US market for sensor products, defined as sensors, associated transducers, and housing. The specific products covered are process variable sensors (pressure, temperature, flow and level, humidity, etc.), physical property sensors (speed, motion, load and force, vibration and shock, etc.), proximity and positioning sensors, electrical property sensors (voltage, current, resistance, etc.), chemical property sensors (gas detectors and other types), imaging sensors, and sensors measuring various miscellaneous properties (acoustics/sound, altitude, color, contraband, lighting conditions, smoke, etc.). Excluded from the scope of the study are biosensors, as well as the value of electronic subsystems, instrumentation, or other types of larger products into which sensors and transducers are installed. Historical and forecast demand by end user/application (motor vehicles, industrial, military/aerospace, medical, electronic security, consumer electronics, information technology, and others) are also provided.
The study places the sensor market in context through an in-depth overview of market environment conditions. In addition to providing economic background, the Market Environment section examines market volatility and pricing patterns, and discusses international activity and foreign trade. A section is devoted to providing a technology overview on sensors. Finally, the study is concluded with an analysis of the industry structure, market share, and the key industry competitive variables, as well as profiles of representative companies within the industry.
Historical data (2001, 2006, and 2011) and forecasts to the years 2016 and 2021 are provided for demand, shipments and net imports for the sensor product category as a whole. Historical data and forecasts for detailed product classifications and markets are presented as sales in current dollars. As used in this study, the term “shipment” includes all production from US manufacturing sites that is then shipped to both US and foreign markets. The term “demand” – - used interchangeably with “market,” “sales,” and “consumption” — is defined as all shipments from US plants, plus imports, minus exports. Tabular details may not add to totals due to independent rounding, and some ratios are based on unrounded numbers. Throughout the study, demand for sensors is related to various indicators for comparative purposes and to facilitate further analysis. Macroeconomic and demographic indicators in this study were obtained from The Freedonia Group Consensus Forecasts dated August 2012. Because of the Bureau of Economic Analysis’ use of chain-weighted price indexes, inflationadjusted Gross Domestic Product components (2005 dollars) do not necessarily add to the total.
A wide variety of primary and secondary sources were used in the compilation of this report, including government publications, industry participants, online databases and other Freedonia studies. Historical data are based on US Bureau of the Census figures, including the Annual Survey of Manufactures. These base and supporting data were adjusted as necessary in light of consultation with personnel of participating companies and other industry contacts. Secondary data and background information were obtained from various trade publications, including Appliance, Automotive News, Sensors, Sensors & Transducers, and Test & Measurement World. Corporate annual reports, SEC Form 10-K filings, product catalogs, and other companyprovided information were used extensively in framing the industry environment and as input for market size assessment.