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.
Free Valuable Insights: The Sensor Testing Market is Predict to reach $2.7 Billion by 2030, at a CAGR of 6.2%
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
By Sensor Type
- Analog Sensor
- Digital Sensor
By Application
- Consumer Electronics
- Aerospace
- Industrial
- Automotive
- Healthcare
- Others
By Country
- US
- Canada
- Mexico
- Rest of North America
Key Market Players
List of Companies Profiled in the Report:
- 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.
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
TABLE 1 North America Sensor Testing Market, 2019 - 2022, USD Million
TABLE 2 North America Sensor Testing Market, 2023 - 2030, USD Million
TABLE 3 Partnerships, Collaborations and Agreements– Sensor Testing Market
TABLE 4 Product Launches And Product Expansions– Sensor Testing Market
TABLE 5 Acquisition and Mergers– Sensor Testing Market
TABLE 6 North America Sensor Testing Market, By Offering, 2019 - 2022, USD Million
TABLE 7 North America Sensor Testing Market, By Offering, 2023 - 2030, USD Million
TABLE 8 North America Hardware Market, By Country, 2019 - 2022, USD Million
TABLE 9 North America Hardware Market, By Country, 2023 - 2030, USD Million
TABLE 10 North America Software Market, By Country, 2019 - 2022, USD Million
TABLE 11 North America Software Market, By Country, 2023 - 2030, USD Million
TABLE 12 North America Sensor Testing Market, By Sensor Type, 2019 - 2022, USD Million
TABLE 13 North America Sensor Testing Market, By Sensor Type, 2023 - 2030, USD Million
TABLE 14 North America Analog Sensor Market, By Country, 2019 - 2022, USD Million
TABLE 15 North America Analog Sensor Market, By Country, 2023 - 2030, USD Million
TABLE 16 North America Digital Sensor Market, By Country, 2019 - 2022, USD Million
TABLE 17 North America Digital Sensor Market, By Country, 2023 - 2030, USD Million
TABLE 18 North America Sensor Testing Market, By Application, 2019 - 2022, USD Million
TABLE 19 North America Sensor Testing Market, By Application, 2023 - 2030, USD Million
TABLE 20 North America Consumer Electronics Market, By Country, 2019 - 2022, USD Million
TABLE 21 North America Consumer Electronics Market, By Country, 2023 - 2030, USD Million
TABLE 22 North America Aerospace Market, By Country, 2019 - 2022, USD Million
TABLE 23 North America Aerospace Market, By Country, 2023 - 2030, USD Million
TABLE 24 North America Industrial Market, By Country, 2019 - 2022, USD Million
TABLE 25 North America Industrial Market, By Country, 2023 - 2030, USD Million
TABLE 26 North America Automotive Market, By Country, 2019 - 2022, USD Million
TABLE 27 North America Automotive Market, By Country, 2023 - 2030, USD Million
TABLE 28 North America Healthcare Market, By Country, 2019 - 2022, USD Million
TABLE 29 North America Healthcare Market, By Country, 2023 - 2030, USD Million
TABLE 30 North America Others Market, By Country, 2019 - 2022, USD Million
TABLE 31 North America Others Market, By Country, 2023 - 2030, USD Million
TABLE 32 North America Sensor Testing Market, By Country, 2019 - 2022, USD Million
TABLE 33 North America Sensor Testing Market, By Country, 2023 - 2030, USD Million
TABLE 34 US Sensor Testing Market, 2019 - 2022, USD Million
TABLE 35 US Sensor Testing Market, 2023 - 2030, USD Million
TABLE 36 US Sensor Testing Market, By Offering, 2019 - 2022, USD Million
TABLE 37 US Sensor Testing Market, By Offering, 2023 - 2030, USD Million
TABLE 38 US Sensor Testing Market, By Sensor Type, 2019 - 2022, USD Million
TABLE 39 US Sensor Testing Market, By Sensor Type, 2023 - 2030, USD Million
TABLE 40 US Sensor Testing Market, By Application, 2019 - 2022, USD Million
TABLE 41 US Sensor Testing Market, By Application, 2023 - 2030, USD Million
TABLE 42 Canada Sensor Testing Market, 2019 - 2022, USD Million
TABLE 43 Canada Sensor Testing Market, 2023 - 2030, USD Million
TABLE 44 Canada Sensor Testing Market, By Offering, 2019 - 2022, USD Million
TABLE 45 Canada Sensor Testing Market, By Offering, 2023 - 2030, USD Million
TABLE 46 Canada Sensor Testing Market, By Sensor Type, 2019 - 2022, USD Million
TABLE 47 Canada Sensor Testing Market, By Sensor Type, 2023 - 2030, USD Million
TABLE 48 Canada Sensor Testing Market, By Application, 2019 - 2022, USD Million
TABLE 49 Canada Sensor Testing Market, By Application, 2023 - 2030, USD Million
TABLE 50 Mexico Sensor Testing Market, 2019 - 2022, USD Million
TABLE 51 Mexico Sensor Testing Market, 2023 - 2030, USD Million
TABLE 52 Mexico Sensor Testing Market, By Offering, 2019 - 2022, USD Million
TABLE 53 Mexico Sensor Testing Market, By Offering, 2023 - 2030, USD Million
TABLE 54 Mexico Sensor Testing Market, By Sensor Type, 2019 - 2022, USD Million
TABLE 55 Mexico Sensor Testing Market, By Sensor Type, 2023 - 2030, USD Million
TABLE 56 Mexico Sensor Testing Market, By Application, 2019 - 2022, USD Million
TABLE 57 Mexico Sensor Testing Market, By Application, 2023 - 2030, USD Million
TABLE 58 Rest of North America Sensor Testing Market, 2019 - 2022, USD Million
TABLE 59 Rest of North America Sensor Testing Market, 2023 - 2030, USD Million
TABLE 60 Rest of North America Sensor Testing Market, By Offering, 2019 - 2022, USD Million
TABLE 61 Rest of North America Sensor Testing Market, By Offering, 2023 - 2030, USD Million
TABLE 62 Rest of North America Sensor Testing Market, By Sensor Type, 2019 - 2022, USD Million
TABLE 63 Rest of North America Sensor Testing Market, By Sensor Type, 2023 - 2030, USD Million
TABLE 64 Rest of North America Sensor Testing Market, By Application, 2019 - 2022, USD Million
TABLE 65 Rest of North America Sensor Testing Market, By Application, 2023 - 2030, USD Million
TABLE 66 Key Information – Keysight Technologies, Inc.
TABLE 67 Key Information – Rohde & Schwarz GmbH & Co. KG
TABLE 68 Key Information –fortive corporation
TABLE 69 Key Information – Advantest Corporation
TABLE 70 Key Information – Pepperl + Fuchs Group
TABLE 71 Key Information – Intertek Group PLC
TABLE 72 Key information –TE Connectivity Ltd.
TABLE 73 Key Information – National Instruments Corporation
TABLE 74 Key Information – Omega Engineering Inc.
TABLE 75 Key Information – Teradyne, Inc.
List of Figures
FIG 1 Methodology for the research
FIG 2 North America Sensor Testing Market, 2019 - 2030, USD Million
FIG 3 Key Factors Impacting Sensor Testing Market
FIG 4 KBV Cardinal Matrix
FIG 5 Market Share Analysis, 2022
FIG 6 Key Leading Strategies: Percentage Distribution (2019-2023)
FIG 7 Key Strategic Move: (Mergers & acquisitions: 2019, Feb – 2023, Jan) Leading Players
FIG 8 Porter’s Five Forces Analysis – Sensor Testing Market
FIG 9 North America Sensor Testing Market share, By Offering, 2022
FIG 10 North America Sensor Testing Market share, By Offering, 2030
FIG 11 North America Sensor Testing Market, By Offering, 2019 - 2030, USD Million
FIG 12 North America Sensor Testing Market share, By Sensor Type, 2022
FIG 13 North America Sensor Testing Market share, By Sensor Type, 2030
FIG 14 North America Sensor Testing Market, By Sensor Type, 2019 - 2030, USD Million
FIG 15 North America Sensor Testing Market share, By Application, 2022
FIG 16 North America Sensor Testing Market share, By Application, 2030
FIG 17 North America Sensor Testing Market, By Application, 2019 - 2030, USD Million
FIG 18 North America Sensor Testing Market share, By Country, 2022
FIG 19 North America Sensor Testing Market share, By Country, 2030
FIG 20 North America Sensor Testing Market, By Country, 2019 - 2030, USD Million
FIG 21 SWOT Analysis: Keysight Technologies, Inc.
FIG 22 SWOT Analysis: Rohde & Schwarz GmbH & Co. KG
FIG 23 SWOT Analysis: Fortive Corporation
FIG 24 Swot Analysis: Advantest Corporation
FIG 25 SWOT Analysis: Pepperl + Fuchs Group
FIG 26 Swot Analysis: Intertek Group PLC
FIG 27 Recent strategies and developments: TE Connectivity Ltd.
FIG 28 SWOT Analysis: TE Connectivity Ltd
FIG 29 Recent strategies and developments: National Instruments Corporation
FIG 30 SWOT Analysis: National Instruments Corporation
FIG 31 SWOT Analysis: Omega Engineering Inc.
FIG 32 SWOT Analysis: Teradyne, Inc.