Smart Sensors in North America
Summary
Smart Sensors in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- A smart sensor is a type of sensor technology that uses artificial intelligence to collect, analyze, and interpret data from its surroundings. Smart Sensors can detect environmental changes such as temperature, pressure, and movement and react without manual intervention. They can also be used to monitor machine performance and detect anomalies that can indicate potential problems.
- The North American smart sensor market had a total of $18,945.7 million in 2023, representing a compound annual growth rate (CAGR) of 7.3% between 2018 and 2023.
- The automotive segment accounted for the market's largest proportion in 2023, with a total of $5,814.6 million, equivalent to 30.7% of the market's overall value.
- The IoT devices proliferation, the growing acceptance of smart technologies across industries, and the need for effective data analytics are the main drivers of market expansion in North America.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the smart sensors market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the smart sensors market in North America
- Leading company profiles reveal details of key smart sensors market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America smart sensors market with five year forecasts
- What was the size of the North America smart sensors market by value in 2023?
- What will be the size of the North America smart sensors market in 2028?
- What factors are affecting the strength of competition in the North America smart sensors market?
- How has the market performed over the last five years?
- What are the main segments that make up North America's smart sensors market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What are the strengths of the leading players?
- 7.3. What are the challenges in the market?
- 7.4. What are the recent developments of the players in the market?
- 8 Company Profiles
- 8.1. Honeywell International Inc.
- 8.2. Microchip Technology Incorporated
- 8.3. Hewlett Packard Enterprise Company
- 8.4. Iteris Inc
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related GlobalData research
- About GlobalData
- List of Tables
- Table 1: North America smart sensors market value: $ million, 2018-23
- Table 2: North America smart sensors market category segmentation: % share, by value, 2018-2023
- Table 3: North America smart sensors market category segmentation: $ million, 2018-2023
- Table 4: North America smart sensors market geography segmentation: $ million, 2023
- Table 5: North America smart sensors market value forecast: $ million, 2023-28
- Table 6: Honeywell International Inc.: key facts
- Table 7: Honeywell International Inc.: annual financial ratios
- Table 8: Honeywell International Inc.: key employees
- Table 9: Honeywell International Inc.: key employees Continued
- Table 10: Microchip Technology Incorporated: key facts
- Table 11: Microchip Technology Incorporated: annual financial ratios
- Table 12: Microchip Technology Incorporated: key employees
- Table 13: Microchip Technology Incorporated: key employees Continued
- Table 14: Hewlett Packard Enterprise Company: key facts
- Table 15: Hewlett Packard Enterprise Company: annual financial ratios
- Table 16: Hewlett Packard Enterprise Company: key employees
- Table 17: Hewlett Packard Enterprise Company: key employees Continued
- Table 18: Iteris Inc: key facts
- Table 19: Iteris Inc: annual financial ratios
- Table 20: Iteris Inc: key employees
- Table 21: North America exchange rate, 2019-23
- List of Figures
- Figure 1: North America smart sensors market value: $ million, 2018-23
- Figure 2: North America smart sensors market category segmentation: $ million, 2018-2023
- Figure 3: North America smart sensors market geography segmentation: % share, by value, 2023
- Figure 4: North America smart sensors market value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the smart sensors market in North America, 2023
- Figure 6: Drivers of buyer power in the smart sensors market in North America, 2023
- Figure 7: Drivers of supplier power in the smart sensors market in North America, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the smart sensors market in North America, 2023
- Figure 9: Factors influencing the threat of substitutes in the smart sensors market in North America, 2023
- Figure 10: Drivers of degree of rivalry in the smart sensors market in North America, 2023
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