Canada’s nano sensors market is expected to grow to USD 27.19 million by 2021 at a CAGR of 91.05% over the period 2016-2021. The low cost and compact size, eco-friendly nature, and bulk manufacturing capability are the key drivers of the market. Development of new applications for technologies that utilize nano and micro technology will help the market grow. Increased R&D in the sensor industry is creating opportunities for technological advancements that open up new horizons for sensor applications.
The major trends driving Canada’s nano sensors market are miniaturization and improved communication capabilities, enabling their integration into vehicles without interfering with the basic functionalities of the vehicle. Canada's light vehicle production levels fell significantly during the 2008-2009 financial crisis and the expected rapid growth going forward will be the result of the rebound from that downturn. Canada is becoming an increasingly mature market for the older electronic systems and sensors. Virtually all Canadian light vehicle production is owned by US companies and the bulk of the vehicles produced in Canada are shipped back to the US. Manufacturers of OEM nano sensors with operations in Canada include ArvinMeritor, BorgWarner, BREED Technologies, Delphi, DENSO, Siemens, Tenneco, TRW, and Visteon.
Canada’s nano sensors market is segmented on the basis of type (optical nano sensors, electrochemical nano sensors, electromagnetic nano sensors, and others), application (consumer electronics, power generation, automotive, petrochemical, aerospace & defense, healthcare, industrial, and others).
This report gives 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. The report also covers the market landscape of these players, which includes the key growth strategies and competition analysis.
The report considers key trends that will impact the industry and profiles over 10 leading suppliers of nano sensors market. Some of the top companies mentioned in the report are:
- Analog Devices Inc.
- Nippon Denso Corp.
- Omron Corp.
- Robert Bosch GmbH
- Roche Nimblegen Inc.
What the Report Offers
- Market definition for Canada’s nano sensors along with identification of key drivers and restraints for the market.
- Market analysis for Canada’s nano sensors market, with region-specific assessments and competition analysis on a regional scale.
- Identification of factors instrumental in changing the market scenario, rising prospective opportunities and identification of key companies that can influence the market on a regional scale.
- Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
- Identification and analysis of the macro and micro factors that affect Canada’s nano sensors market on a regional scale.
- A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.
