North America Sensor Testing Market Size, Share & Industry Trends Analysis Report By Offering (Hardware and Software), By Sensor Type (Analog Sensor and Digital Sensor), By Application, By Country and Growth Forecast, 2023 - 2030
The North America Sensor Testing Market would witness market growth of 5.5% CAGR during the forecast period (2023-2030).
Adopting cutting-edge technologies like sensors is fueled by a strong focus on industrialization and modernization across various industries, like the automotive and consumer electronics sectors. Sensors play a crucial role in enabling automation and digitization by accumulating and transmitting data that can be utilized to optimize procedures, improve efficiency, and reduce costs. As product design and development complexity increases, highly accurate and advanced sensors for test and measurement applications will be needed. This increased production requires additional testing to ensure the sensors function properly and adhere to the specifications.
Manufacturers are paying more attention to quality control procedures to ensure that their products satisfy the requirements and are dependable due to advancing technology and demand for novel sensor applications. Several factors, including technological advancements, the need for quality control, and government regulations, drive the rising demand in emerging nations. This trend will continue as these regions invest in innovation and new technologies. This has increased the demand for sensors, allowing sensor testing companies to expand into these regions.
North America has a robust industrial base, including automotive, aerospace, healthcare, and manufacturing sectors. The automotive sector in North America, particularly in the United States and Mexico, is a significant consumer of sensors. With the increasing integration of sensors in vehicles for advanced driver assistance systems, autonomous driving, and electric vehicles, there is a growing demand for testing services to meet safety and regulatory requirements. As sensors continue to play a pivotal role in various applications, the need for reliable sensor testing is expected to continue its upward trajectory in the North American region.
The US market dominated the North America Sensor Testing Market, By Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $561.6 million by 2030. The Canada market is experiencing a CAGR of 7.9% during (2023 - 2030). Additionally, The Mexico market would exhibit a CAGR of 6.9% during (2023 - 2030).
Based on Offering, the market is segmented into Hardware and Software. Based on Sensor Type, the market is segmented into Analog Sensor and Digital Sensor. Based on Application, the market is segmented into Consumer Electronics, Aerospace, Industrial, Automotive, Healthcare and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Keysight Technologies, Inc., Rohde & Schwarz GmbH & Co. KG, Fortive Corporation, Advantest Corporation, Pepperl + Fuchs Group, Intertek Group PLC, TE Connectivity Ltd., National Instruments Corporation, Omega Engineering Inc. and Teradyne, Inc.
Scope of the Study
Market Segments covered in the Report:
By Offering
- Hardware
- Software
- Analog Sensor
- Digital Sensor
- Consumer Electronics
- Aerospace
- Industrial
- Automotive
- Healthcare
- Others
- US
- Canada
- Mexico
- Rest of North America
- Keysight Technologies, Inc.
- Rohde & Schwarz GmbH & Co. KG
- Fortive Corporation
- Advantest Corporation
- Pepperl + Fuchs Group
- Intertek Group PLC
- TE Connectivity Ltd.
- National Instruments Corporation
- Omega Engineering Inc.
- Teradyne, Inc.
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- Chapter 1. Market Scope & Methodology
- 1.1 Market Definition
- 1.2 Objectives
- 1.3 Market Scope
- 1.4 Segmentation
- 1.4.1 North America Sensor Testing Market, by Offering
- 1.4.2 North America Sensor Testing Market, by Sensor Type
- 1.4.3 North America Sensor Testing Market, by Application
- 1.4.4 North America Sensor Testing Market, by Country
- 1.5 Methodology for the research
- Chapter 2. Market at a Glance
- 2.1 Key Highlights
- Chapter 3. Market Overview
- 3.1 Introduction
- 3.1.1 Overview
- 3.1.1.1 Market Composition and Scenario
- 3.2 Key Factors Impacting the Market
- 3.2.1 Market Drivers
- 3.2.2 Market Restraints
- Chapter 4. Competition Analysis - Global
- 4.1 KBV Cardinal Matrix
- 4.2 Recent Industry Wide Strategic Developments
- 4.2.1 Partnerships, Collaborations and Agreements
- 4.2.2 Product Launches and Product Expansions
- 4.2.3 Acquisition and Mergers
- 4.3 Market Share Analysis, 2022
- 4.4 Top Winning Strategies
- 4.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
- 4.4.2 Key Strategic Move: (Mergers & Acquisitions: 2019, Feb – 2023, Jan) Leading Players
- 4.5 Porter Five Forces Analysis
- Chapter 5. North America Sensor Testing Market, By Offering
- 5.1 North America Hardware Market, By Country
- 5.2 North America Software Market, By Country
- Chapter 6. North America Sensor Testing Market, By Sensor Type
- 6.1 North America Analog Sensor Market, By Country
- 6.2 North America Digital Sensor Market, By Country
- Chapter 7. North America Sensor Testing Market, By Application
- 7.1 North America Consumer Electronics Market, By Country
- 7.2 North America Aerospace Market, By Country
- 7.3 North America Industrial Market, By Country
- 7.4 North America Automotive Market, By Country
- 7.5 North America Healthcare Market, By Country
- 7.6 North America Others Market, By Country
- Chapter 8. North America Sensor Testing Market, By Country
- 8.1 US Sensor Testing Market
- 8.1.1 US Sensor Testing Market, By Offering
- 8.1.2 US Sensor Testing Market, By Sensor Type
- 8.1.3 US Sensor Testing Market, By Application
- 8.2 Canada Sensor Testing Market
- 8.2.1 Canada Sensor Testing Market, By Offering
- 8.2.2 Canada Sensor Testing Market, By Sensor Type
- 8.2.3 Canada Sensor Testing Market, By Application
- 8.3 Mexico Sensor Testing Market
- 8.3.1 Mexico Sensor Testing Market, By Offering
- 8.3.2 Mexico Sensor Testing Market, By Sensor Type
- 8.3.3 Mexico Sensor Testing Market, By Application
- 8.4 Rest of North America Sensor Testing Market
- 8.4.1 Rest of North America Sensor Testing Market, By Offering
- 8.4.2 Rest of North America Sensor Testing Market, By Sensor Type
- 8.4.3 Rest of North America Sensor Testing Market, By Application
- Chapter 9. Company Profiles
- 9.1 Keysight Technologies, Inc.
- 9.1.1 Company Overview
- 9.1.2 Financial Analysis
- 9.1.3 Segmental and Regional Analysis
- 9.1.4 Research & Development Expenses
- 9.1.5 Recent strategies and developments:
- 9.1.5.1 Partnerships, Collaborations, and Agreements:
- 9.1.6 SWOT Analysis
- 9.2 Rohde & Schwarz GmbH & Co. KG
- 9.2.1 Company Overview
- 9.2.2 SWOT Analysis
- 9.3 Fortive Corporation (Fluke Corporation)
- 9.3.1 Company Overview
- 9.3.2 Financial Analysis
- 9.3.3 Segmental and Regional Analysis
- 9.3.4 Research & Development Expense
- 9.3.5 Recent strategies and developments:
- 9.3.5.1 Partnerships, Collaborations, and Agreements:
- 9.3.5.2 Product Launches and Product Expansions:
- 9.3.6 SWOT Analysis
- 9.4 Advantest Corporation
- 9.4.1 Company Overview
- 9.4.2 Financial Analysis
- 9.4.3 Segmental and Regional Analysis
- 9.4.4 Research & Development Expenses
- 9.4.5 Recent strategies and developments:
- 9.4.5.1 Partnerships, Collaborations, and Agreements:
- 9.4.5.2 Acquisition and Mergers:
- 9.4.6 SWOT Analysis
- 9.5 Pepperl + Fuchs Group
- 9.5.1 Company Overview
- 9.5.2 SWOT Analysis
- 9.6 Intertek Group PLC
- 9.6.1 Company Overview
- 9.6.2 Financial Analysis
- 9.6.3 Segmental and Regional Analysis
- 9.6.4 Recent strategies and developments:
- 9.6.4.1 Acquisition and Mergers:
- 9.6.5 SWOT Analysis
- 9.7 TE Connectivity Ltd.
- 9.7.1 Company Overview
- 9.7.2 Financial Analysis
- 9.7.3 Segmental and Regional Analysis
- 9.7.4 Research & Development Expense
- 9.7.5 Recent strategies and developments:
- 9.7.5.1 Partnerships, Collaborations, and Agreements:
- 9.7.5.2 Acquisition and Mergers:
- 9.7.6 SWOT Analysis
- 9.8 National Instruments Corporation
- 9.8.1 Company Overview
- 9.8.2 Financial Analysis
- 9.8.3 Regional Analysis
- 9.8.4 Research & Development Expense
- 9.8.5 Recent strategies and developments:
- 9.8.5.1 Partnerships, Collaborations, and Agreements:
- 9.8.5.2 Acquisition and Mergers:
- 9.8.6 SWOT Analysis
- 9.9 Omega Engineering, Inc. (Arcline Investment Management)
- 9.9.1 Company Overview
- 9.9.2 Recent strategies and developments:
- 9.9.2.1 Product Launches and Product Expansions:
- 9.9.3 SWOT Analysis
- 9.10. Teradyne, Inc.
- 9.10.1 Company Overview
- 9.10.2 Financial Analysis
- 9.10.3 Segmental and Regional Analysis
- 9.10.4 SWOT Analysis
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