The US electronic sensors market is estimated to grow at a CAGR of 8.6% during the forecast period. The electronic sensors market in the country is driven by the rising application of sensor-based devices in different sectors including consumer electronics, aerospace & defense, automotive, security & surveillance, and healthcare among others. The country is one of the leading and innovative markets for electronic products due to the well-established smartphone industry and widespread application of electronic components in entertainment devices, automotive, and healthcare equipment. Along with that, the significant growth in the semiconductor industry offers considerable support to the growth of the consumer electronics industry which in turn will drive the electronic sensors market growth. Moreover, the advent of AI technologies in various industries further provides ample opportunity for market growth in the near future. 

The US 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 US 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 considerable growth in the market owing to the growing application of image sensors in autonomous vehicles across the globe. 

The companies which are contributing to the growth of the US 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 US 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. The analysts try to contact as many executives, managers, key opinion leaders, and industry experts as to bring 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. US Electronic Sensors Market Research and Analysis by Type
2. US Electronic Sensors Market Research and Analysis by Application

The Report Covers

• Comprehensive research methodology of the US 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 US electronic sensors industry.
• Insights about market determinants that are stimulating the US electronic sensors market.
• Detailed and extensive market segments with regional distribution of forecasted revenues.
• Extensive profiles and recent developments of market players.