The North American electronic sensors market is estimated to grow at a CAGR of 8.6% during the forecast period. The growth of the market is attributed to the increasing demand in various industries such as consumer electronics and automotive. Furthermore, the growing penetration of various consumer electronics devices such as smartphone and wearable devices provide a significant opportunity for the growth of the market. Electronic sensors have their utility in wearable as gesture sensing, face recognition, eye tracking, and so on. However, fluctuation in raw material prices is one of the primary factors that are challenging the business growth of the market.

The North American market for electronic sensors is segregated on the basis of type and application industry. Based on the product type, the market is further classified into image sensor, temperature sensor, pressure sensor, motion sensor, biometric sensors, and others (proximity sensors). The image sensor segment is projected to have considerable growth due to the growing application in consumer electronics such as smartphones and wearable devices. Based on the application, the North American electronic sensors market is further segmented into consumer electronics, automotive & transportation, industrial, IT & telecom, healthcare, aerospace & defense, and others. The automotive segment is estimated to have a lucrative growth in the market owing to the growing application of image sensors in autonomous vehicles across the globe. Based on geography, the North American electronic sensors market is further segregated into the US and Canada. Among, region US is projected to have a considerable share in the North American electronic sensors market.  

The companies which are contributing to the growth of the North American electronic sensors market include Sony Corp., Samsung Electronics Co., Ltd., NXP Semiconductors N.V., OmniVision Technologies, Inc., Robert Bosch GmbH, and others. Product launch, merger, and acquisition, collaborations with government, and technological advancements through which market players are considerably contributing to the market growth to stay competitive in the market. 

Research Methodology

The market study of the North American electronic sensors market is incorporated by extensive primary and secondary research conducted by the research team.  Secondary research has been conducted to refine the available data to breakdown the market into various segments, derive total market size, market forecast, and growth rate. Different approaches have been worked on to derive the market value and market growth rate. Our team collects facts and data related to the market from different geography to provide a better regional outlook. In the report, the country-level analysis is provided by analyzing various regional players, regional tax laws and policies, consumer behavior, and macro-economic factors. Numbers extracted from Secondary research have been authenticated by conducting proper primary research. It includes tracking down key people from the industry and interviewing them to validate the data. This enables our analyst to derive the closest possible figures without any major deviations in the actual number. Our analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to brings more authenticity to the reports.

Secondary Sources Include

• Financial reports of companies involved in the market.
• Whitepapers, research-papers, and news blogs.
• Company websites and their product catalog.

The report is intended for electronic sensors providers, end-user companies for overall market analysis, and competitive analysis. The report provides an in-depth analysis of market size, products offered by the companies, and future market opportunities. The report will serve as a source for 360-degree analysis of the market thoroughly integrating different models delivering insights into the market for better business decisions.

Market Segmentation

1. North American Electronic Sensors Market Research and Analysis by Type
2. North American Electronic Sensors Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the North American electronic sensors market.
• This report also includes a detailed and extensive market overview with key analyst insights.
• An exhaustive analysis of macro and micro factors influencing the market guided by key recommendations.
• Analysis of regional regulations and other government policies impacting the North American electronic sensors industry.
• Insights about market determinants that are stimulating the North American electronic sensors market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.