The North America Machine Sensor Market would witness market growth of 7.0% CAGR during the forecast period (2023-2030).
Detecting or measuring the physical characteristics of a machine or its surroundings, such as pressure, temperature, vibration, or acceleration, is carried out with the help of a machine sensor. Machine sensors may be linked to various systems, including data loggers, controllers, or cloud-based platforms, and can be wired or wireless. They may also be used with AI or machine learning algorithms to provide proactive maintenance, defect detection, or performance enhancement of machinery. In several applications across numerous sectors, machine sensors are employed.
These sensors are widely used in predictive maintenance, where they are utilized to identify possible issues with machinery before they become life-threatening. This enables businesses to avoid downtime, save maintenance expenses, and enhance the security and dependability of their operations. The advent of new uses and applications for machine sensors is driving the expansion of the market.
Businesses are becoming aware of the potential advantages of integrating sensors across a range of sectors, including agriculture, healthcare, and smart cities. For instance, sensors in healthcare may monitor patients' vital signs from a distance and provide healthcare providers of care real-time data for early intervention and better patient outcomes. By keeping an eye on soil conditions, weather patterns, and plant development, sensors in agriculture may increase crop output and decrease waste. Additionally, traffic, air quality, and other environmental elements may be monitored by sensors in smart cities to enhance public safety and general quality of life.
Manufacturing is the foundation of the American economy and national defense. It is crucial to almost every sector of the American economy, from biopharmaceuticals to aerospace and beyond. Assisting in producing high-quality, new, and higher-paying jobs and supporting the capacity to address the climate crisis are all new technologies and innovations that support the ability of the economy to expand continuously. Innovations in manufacturing help achieve these objectives. Manufacturing, one of the major economic sectors, accounts for 11% of the US economy's gross domestic product. Some of the significant factors impacting market development are the need for compliance and government support for digitization, the rise of the Internet of Things, and the increased desire for automation to achieve efficiency and quality.
The US market dominated the North America Machine Sensor Market by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $5,863 million by 2029. The Canada market is poised to grow at a CAGR of 9.4% during (2023 - 2030). Additionally, The Mexico market would witness a CAGR of 8.5% during (2023 - 2030).
Based on Type, the market is segmented into Pressure Sensor, Temperature Sensor, Position Sensor, Force & Torque Sensor, Proximity Sensor, and Others. Based on Industry, the market is segmented into Manufacturing, Oil & Gas, Aerospace, Automotive, Healthcare, and Others. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Worldwide Machine Sensor Market is Projected to reach USD 28.1 Billion by 2030, at a CAGR of 7.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Honeywell International, Inc., Kyocera Corporation, Sensata Technologies Holdings PLC, Omron Corporation, Infineon Technologies AG, TE Connectivity Ltd., ATI Industrial Automation, Inc. (Novanta, Inc.), FUTEK Advanced Sensor Technology, Inc., Baumer Holding AG, and Tekscan, Inc. (Artemis Capital Partners).
Scope of the Study
Market Segments Covered in the Report:
By Type
- Pressure Sensor
- Temperature Sensor
- Position Sensor
- Force & Torque Sensor
- Proximity Sensor
- Others
By Industry
- Manufacturing
- Oil & Gas
- Aerospace
- Automotive
- Healthcare
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- Honeywell International, Inc.
- Kyocera Corporation
- Sensata Technologies Holdings PLC
- Omron Corporation
- Infineon Technologies AG
- TE Connectivity Ltd.
- ATI Industrial Automation, Inc. (Novanta, Inc.)
- FUTEK Advanced Sensor Technology, Inc.
- Baumer Holding AG
- Tekscan, Inc. (Artemis Capital Partners)
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 North America Machine Sensor Market, by Type
1.4.2 North America Machine Sensor Market, by Industry
1.4.3 North America Machine Sensor Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Competition Analysis - Global
3.1 KBV Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Acquisition and Mergers
3.2.4 Geographical Expansions
3.3 Market Share Analysis, 2022
3.4 Top Winning Strategies
3.4.1 Key Leading Strategies: Percentage Distribution (2019-2023)
3.4.2 Key Strategic Move: (Product Launches and Product Expansions: 2020, Mar – 2023, Mar) Leading Players
Chapter 4. North America Machine Sensor Market by Type
4.1 North America Pressure Sensor Market by Country
4.2 North America Temperature Sensor Market by Country
4.3 North America Position Sensor Market by Country
4.4 North America Force & Torque Sensor Market by Country
4.5 North America Proximity Sensor Market by Country
4.6 North America Others Market by Country
Chapter 5. North America Machine Sensor Market by Industry
5.1 North America Manufacturing Market by Country
5.2 North America Oil & Gas Market by Country
5.3 North America Aerospace Market by Country
5.4 North America Automotive Market by Country
5.5 North America Healthcare Market by Country
5.6 North America Others Market by Country
Chapter 6. North America Machine Sensor Market by Country
6.1 US Machine Sensor
6.1.1 US Machine Sensor Market by Type
6.1.2 US Machine Sensor Market by Industry
6.2 Canada Machine Sensor
6.2.1 Canada Machine Sensor Market by Type
6.2.2 Canada Machine Sensor Market by Industry
6.3 Mexico Machine Sensor
6.3.1 Mexico Machine Sensor Market by Type
6.3.2 Mexico Machine Sensor Market by Industry
6.4 Rest of North America Machine Sensor
6.4.1 Rest of North America Machine Sensor Market by Type
6.4.2 Rest of North America Machine Sensor Market by Industry
Chapter 7. Company Profiles
7.1 Honeywell International, Inc.
7.1.1 Company Overview
7.1.2 Financial Analysis
7.1.3 Segmental and Regional Analysis
7.1.4 Research & Development Expenses
7.1.5 Recent strategies and developments:
7.1.5.1 Product Launches and Product Expansions:
7.1.5.2 Acquisition and Mergers:
7.1.6 SWOT Analysis
7.2 Kyocera Corporation
7.2.1 Company Overview
7.2.2 Financial Analysis
7.2.3 Segmental and Regional Analysis
7.2.4 Research & Development Expenses
7.2.5 Recent strategies and developments:
7.2.5.1 Partnerships, Collaborations, and Agreements:
7.2.5.2 Product Launches and Product Expansions:
7.2.5.3 Acquisition and Mergers:
7.2.5.4 Geographical Expansions:
7.3 Sensata Technologies Holdings PLC
7.3.1 Company Overview
7.3.2 Financial Analysis
7.3.3 Segmental and Regional Analysis
7.3.4 Research & Development Expense
7.3.5 Recent strategies and developments:
7.3.5.1 Partnerships, Collaborations, and Agreements:
7.3.5.2 Product Launches and Product Expansions:
7.3.6 SWOT Analysis
7.4 Omron Corporation
7.4.1 Company Overview
7.4.2 Financial Analysis
7.4.3 Segmental and Regional Analysis
7.4.4 Research & Development Expenses
7.4.5 Recent strategies and developments:
7.4.5.1 Product Launches and Product Expansions:
7.4.6 SWOT Analysis
7.5 Infineon Technologies AG
7.5.1 Company Overview
7.5.2 Financial Analysis
7.5.3 Segmental and Regional Analysis
7.5.4 Research & Development Expense
7.5.5 Recent strategies and developments:
7.5.5.1 Partnerships, Collaborations, and Agreements:
7.5.6 SWOT Analysis
7.6 TE Connectivity Ltd.
7.6.1 Company Overview
7.6.2 Financial Analysis
7.6.3 Segmental and Regional Analysis
7.6.4 Research & Development Expense
7.6.5 Recent strategies and developments:
7.6.5.1 Product Launches and Product Expansions:
7.6.5.2 Acquisition and Mergers:
7.6.5.3 Geographical Expansions:
7.6.6 SWOT Analysis
7.7 ATI Industrial Automation, Inc. (Novanta, Inc.)
7.7.1 Company Overview
7.7.2 Financial Analysis
7.7.3 Segmental and Regional Analysis
7.7.4 Research & Development Expenses
7.7.5 Recent strategies and developments:
7.7.5.1 Partnerships, Collaborations, and Agreements:
7.7.5.2 Product Launches and Product Expansions:
7.8 FUTEK Advanced Sensor Technology, Inc.
7.8.1 Company Overview
7.8.2 Recent strategies and developments:
7.8.2.1 Product Launches and Product Expansions:
7.9 Baumer Holding AG
7.9.1 Company Overview
7.9.2 Recent strategies and developments:
7.9.2.1 Product Launches and Product Expansions:
7.10. Tekscan, Inc. (Artemis Capital Partners)
7.10.1 Company Overview
7.10.2 Recent strategies and developments:
7.10.2.1 Product Launches and Product Expansions:
TABLE 1 North America Machine Sensor mARKET, 2019 - 2022, USD Million
TABLE 2 North America Machine Sensor mARKET, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Machine Sensor
TABLE 4 Product Launches And Product Expansions– Machine Sensor
TABLE 5 Acquisition and Mergers– Machine Sensor
TABLE 6 Acquisition and Mergers– Machine Sensor
TABLE 7 North America Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 8 North America Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 9 North America Pressure Sensor Market by Country, 2019 - 2022, USD Million
TABLE 10 North America Pressure Sensor Market by Country, 2023 - 2030, USD Million
TABLE 11 North America Temperature Sensor Market by Country, 2019 - 2022, USD Million
TABLE 12 North America Temperature Sensor Market by Country, 2023 - 2030, USD Million
TABLE 13 North America Position Sensor Market by Country, 2019 - 2022, USD Million
TABLE 14 North America Position Sensor Market by Country, 2023 - 2030, USD Million
TABLE 15 North America Force & Torque Sensor Market by Country, 2019 - 2022, USD Million
TABLE 16 North America Force & Torque Sensor Market by Country, 2023 - 2030, USD Million
TABLE 17 North America Proximity Sensor Market by Country, 2019 - 2022, USD Million
TABLE 18 North America Proximity Sensor Market by Country, 2023 - 2030, USD Million
TABLE 19 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 20 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 21 North America Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 22 North America Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 23 North America Manufacturing Market by Country, 2019 - 2022, USD Million
TABLE 24 North America Manufacturing Market by Country, 2023 - 2030, USD Million
TABLE 25 North America Oil & Gas Market by Country, 2019 - 2022, USD Million
TABLE 26 North America Oil & Gas Market by Country, 2023 - 2030, USD Million
TABLE 27 North America Aerospace Market by Country, 2019 - 2022, USD Million
TABLE 28 North America Aerospace Market by Country, 2023 - 2030, USD Million
TABLE 29 North America Automotive Market by Country, 2019 - 2022, USD Million
TABLE 30 North America Automotive Market by Country, 2023 - 2030, USD Million
TABLE 31 North America Healthcare Market by Country, 2019 - 2022, USD Million
TABLE 32 North America Healthcare Market by Country, 2023 - 2030, USD Million
TABLE 33 North America Others Market by Country, 2019 - 2022, USD Million
TABLE 34 North America Others Market by Country, 2023 - 2030, USD Million
TABLE 35 North America Machine Sensor Market by Country, 2019 - 2022, USD Million
TABLE 36 North America Machine Sensor Market by Country, 2023 - 2030, USD Million
TABLE 37 US Machine Sensor, 2019 - 2022, USD Million
TABLE 38 US Machine Sensor, 2023 - 2030, USD Million
TABLE 39 US Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 40 US Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 41 US Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 42 US Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 43 Canada Machine Sensor, 2019 - 2022, USD Million
TABLE 44 Canada Machine Sensor, 2023 - 2030, USD Million
TABLE 45 Canada Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 46 Canada Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 47 Canada Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 48 Canada Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 49 Mexico Machine Sensor, 2019 - 2022, USD Million
TABLE 50 Mexico Machine Sensor, 2023 - 2030, USD Million
TABLE 51 Mexico Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 52 Mexico Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 53 Mexico Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 54 Mexico Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 55 Rest of North America Machine Sensor, 2019 - 2022, USD Million
TABLE 56 Rest of North America Machine Sensor, 2023 - 2030, USD Million
TABLE 57 Rest of North America Machine Sensor Market by Type, 2019 - 2022, USD Million
TABLE 58 Rest of North America Machine Sensor Market by Type, 2023 - 2030, USD Million
TABLE 59 Rest of North America Machine Sensor Market by Industry, 2019 - 2022, USD Million
TABLE 60 Rest of North America Machine Sensor Market by Industry, 2023 - 2030, USD Million
TABLE 61 Key Information – Honeywell International, Inc.
TABLE 62 Key Information – Kyocera Corporation
TABLE 63 Key Information – Sensata Technologies Holdings PLC
TABLE 64 Key Information – Omron Corporation
TABLE 65 Key Information – Infineon Technologies AG
TABLE 66 Key information –TE Connectivity Ltd.
TABLE 67 Key Information – ATI Industrial Automation, Inc.
TABLE 68 Key Information – FUTEK Advanced Sensor Technology, Inc.
TABLE 69 key information – Baumer Holding AG
TABLE 70 Key Information – Tekscan, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 KBV Cardinal Matrix
FIG 3 Market Share Analysis, 2022
FIG 4 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 5 Key Strategic Move: (Product Launches and Product Expansions : 2020, Mar – 2023, Mar) Leading Players
FIG 6 North America Machine Sensor Market share by Type, 2022
FIG 7 North America Machine Sensor Market share by Type, 2030
FIG 8 North America Machine Sensor Market by Type, 2019 - 2030, USD Million
FIG 9 North America Machine Sensor Market share by Industry, 2022
FIG 10 North America Machine Sensor Market share by Industry, 2030
FIG 11 North America Machine Sensor Market by Industry, 2019 - 2030, USD Million
FIG 12 North America Machine Sensor Market share by Country, 2022
FIG 13 North America Machine Sensor Market share by Country, 2030
FIG 14 North America Machine Sensor Market by Country, 2019 - 2030, USD Million
FIG 15 Recent strategies and developments: Honeywell International, Inc.
FIG 16 Swot analysis: Honeywell international, inc
FIG 17 Recent strategies and developments: Kyocera Corporation
FIG 18 Recent strategies and developments: Sensata Technologies Holdings PLC
FIG 19 swot analysis: sensata technologies holdings plc
FIG 20 SWOT Analysis: Omron Corporation
FIG 21 Swot analysis: INFINEON TECHNOLOGIES AG
FIG 22 Recent strategies and developments: TE Connectivity Ltd.
FIG 23 SWOT Analysis: TE Connectivity Ltd.
FIG 24 Recent strategies and developments: ATI Industrial Automation, Inc.