Research and Markets has announced the addition of the "U.S. Nano Sensors Market - Growth, Trends & Forecasts (2014-2020)" report to their offering.
The U.S. Nano Sensors market is expected to increase to $203.27 million by 2020 at a CAGR of 94.54% over the period 2014-2020.
The low cost & compact size, eco-friendly & bulk manufacturing capability, and energy efficiency are the key drivers, which are making the Nano Sensors market grow lucratively. Leading the auto industry, U.S. is the home to top Original Equipment Manufacturers (OEMs), namely General Motors, Ford, and Chrysler, participating as great benefactors to the growth of the North American Nano Sensors market. The rising economy of Mexico has been at the forefront in terms of inward Foreign Direct Investments when it comes to the automotive industry over the past few years.
The major trend driving the U.S. automotive sensor market is miniaturization and improved communication capabilities, which enables their integration into vehicles without interfering with the basic functionalities of the vehicle. The U.S. Nano Sensors market is anticipated to grow momentum due to government initiatives for passenger safety and security. Nano Sensors have increasingly become an important part of automobiles, which detect physical parameters such as speed and heat and take preventive measures in case of any danger. Rising demand for automobiles positively impacts market growth over the forecast period. Strict legal and regulatory standards have mandated inclusion of sensors in a vehicle, which is further estimated to drive the U.S. Nano Sensors market.
The U.S. Nano Sensors Market is segmented on the basis of Type (Optical Nano Sensors, Electrochemical Nano Sensors, Electromagnetic Nano Sensors and Others) and Application (Consumer Electronics, Power Generation, Automotive, Petrochemical, Aerospace and Defense, Healthcare, Industrial and Others).
This report describes a detailed study of the Porter's five forces analysis of the market. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players, which includes the key growth strategies and competition analysis.