U.S. Sensor Demand Up From Past Five-Year PeriodMay 10, 2006
Imaging sensors will see the fastest growth of any major sensor product category through 2010, rising 6.2% annually.
U.S. demand for sensor products (sensors, transducers, and associated housings) is projected to increase 3.7% annually to $12.1 billion in 2010, which represents a noticeable improvement over the 2000 to 2005 period. The improved outlook for many sensor-containing products (e.g., motor vehicles, aerospace equipment, industrial machinery, and electronics) will support gains in sensor demand.
The fastest growth will occur in sensors based on more advanced, sophisticated technologies and those sensors likely to be used in dynamic applications, such as automotive safety and security systems, medical equipment, military and aerospace equipment, and information technology. These and other trends are presented in Sensors, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.
Products such as advanced proximity and positioning sensors, optical chemical sensors, and complementary metal-oxide semiconductor (CMOS) and thermal imaging sensors hold especially good prospects through the end of the decade.
Demand for certain types of physical property sensors, particularly those using advanced technologies, such as speed sensors based on MEMS technology, is also expected to advance at well above the pace of the overall market.
Imaging sensors will see the fastest demand growth of any major sensor product category through 2010, rising 6.2% annually. Moreover, value gains understate the unit growth that will be achieved in the face of relentless price declines.
Imaging sensors are integral components of numerous high-growth electronic products, including cellular phones, digital cameras, electronic toys and games, and the like.
Proximity and positioning sensors will also see above average gains. The large automotive market will drive much of the growth, as safety products, such as side airbags, continue to achieve greater penetration, thereby increasing demand for related sensing products. In addition, more advanced occupant-position and crash-detection sensors will continue to penetrate the U.S. motor vehicle market, although these technologies are not expected to become as widespread as airbags. Beyond the motor vehicle sector, proximity/positioning sensor demand will be supported by the ongoing recovery in the industrial sector—the other significant market for these products.
Sensors (published 05/2006, 335 pages) is available for $4,200 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-2326. For further details, please contact Corinne Gangloff by phone 440-684-9600, fax 440.646.0484, or email firstname.lastname@example.org.
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