Bullet Sensors & Transducers e-Digest, Vol. 67, Issue 5, May 2006: Sensors Market Trends

    (ISSN 1726- 5479)

 

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US Sensor Demand to Exceed $12 Billion in 2010

 

US demand for sensor products (sensors, transducers and associated housings) is projected to increase 3.7 percent annually to $12.1 billion in 2010, which represents a noticeable improvement from 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, 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 utilizing advanced technologies -- such as speed sensors based on micro-electromechanical systems (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 percent 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 US 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.

 

US SENSOR DEMAND (million dollars)

% Annual Growth

Item

2000 2005 2010 05/00 10/05
Sensor Demand 9353 10090 12100 1.5 1.7
Process Variable 2751 2725 3120 -0.2 2.7
Physical Property 2375 2515 2850 1.2 2.5
Proximity & Positioning 1117 1265 1680 2.5 5.8
Imaging 376 600 810 9.8 6.2
Other 2734 2985 3640 1.8 4.0

2006 by The Freedonia Group, Inc.

 

Sensors (published 05/2006, 335 pages) is available for $4,200 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH 44143-232, www.freedoniagroup.com

 

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Corinne Gangloff

Media Relations

Tel.: +1 440.684.9600, fax: +1 440.646.0484

E-mail: pr@freedoniagroup.com

  

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