DUBLIN, June 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/lf477r/north_america) has announced the addition of the "North America Chemical Sensors Market - Growth, Trends And Forecasts (2014 - 2020)" report to their offering.
The North America Chemical Sensors market is expected to increase to $7.32 billion by 2018 at a CAGR of 8.03% over the period 2014-2020.
Chemical sensors market share for North America is the highest. A continued recover in light vehicle production, along with the increasing use of advanced, higher cost universal exhaust gas oxygen sensors to improve vehicle fuel efficiency and performance, will drive advances. Growth will also be supported by healthy increases in medical chemical sensor demand. The growing technological propagation and amalgamation of chemical sensors products with a vast kind of applications such as Medical, Automotive, and manufacturing etc. are the major factors driving the growth of the chemical sensors market. The growth of the Chemical Sensors Market is currently being hindered by decrease in automobile emissions testing due to the falling number of vehicles that need to be tested.
Electrochemical sensors are anticipated to see the fastest growth, with demand reflecting recovery in manufacturing. Optical sensors will continue to benefit from their high sensitivity, stability, immunity to interference, and product improvements such as smaller size and enhanced ruggedness. Sales will be enhanced by the growing prevalence of diabetes in the population and by rising demand for home and point of care testing and monitoring tools.
The Chemical Sensors Market is segmented on the basis of Type (Electrochemical, Optical, Pellistor/Catalytic Bead, and Others) and End User Industry (Medical, Automotive, Industrial, Environmental Monitoring, Defense and Others).
- ABB Limited
- Alpha MOS SA
- Bosch (Robert) GmbH
- Delphi Automotive plc
- DENSO Corporation
- Emerson Electric Company
- General Electric Company
- Halma plc
- Honeywell International
- Johnson & Johnson
- Roche Holding Limited
- SAFRAN SA
- Siemens AG
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SOURCE Research and Markets