The demand for sensors in the United States is projected to advance more than 4 percent each year through 2012 to nearly $13 billion, according to a new report by Freedonia, a market research group.
The overall growth is expected to be supported by technological advances that will allow price reduction and greater precision, resulting in the expansion of sensors into new and existing markets.
MEMS-based and imaging sensors are expected to see the fastest gain. Process variable sensors (pressure, temperature, flow and level) will continue to be the largest type of sensor, although they are expected to grow at below-average rates since they represent some of the more mature products in the sensor industry, according to the report.
The automotive industry will remain the largest market, but growth will also be strong in military and aerospace applications, according to the report.
