Pressure Sensors Market 2021-2027
New Study Reports “ Pressure Sensors Market 2021 Global Market Opportunities, Challenges, Strategies and Forecasts 2027” has been Added on MarketResearchFuture.
Introduction/Report Summary:
This report provides in depth study of “Pressure Sensors Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Pressure Sensors Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as profiling, the product outline, the quantity of production, required raw material, and the financial health of the organization.
Global Pressure Sensors Market is estimated to reach USD 12 billion with a CAGR of 6% through the forecast period of 2026.
Primarily driving the market is the growing demand for pressure sensors in automotive and medical applications. Growing pressure sensor applications in consumer electronics and developments in MEMS (Micro-electromechanical Systems) are accelerating market development. Nevertheless, the extreme pressure sensor price environment hampers market growth. The growing demand from the automotive and medical industries and the rising adoption of pressure sensors in consumer electronics are the crucial factors driving growth in the sector. The rising Internet of Things ( IoT) adoption is driving growth in the industry. Growth in IoT-connected devices is expected to fuel market growth, As pressure sensors transform smart homes and buildings, smart cities and smart factories into developments. The extreme pressure on prices, however, hampers business growth.
The pressure sensors market is led by piezoresistive and capacitive sensors, as they are widely used in the petrochemical, medical, automotive, oil and gas industries. Due to its applications in hazardous environments, optical and resonant solid-state sensors are projected to show high growth over the forecast period. Indoor navigation is one of the most widespread applications for this technology, where air pressure data is used to assess the current level of the user’s floor in a building, which proves to be very useful to navigate your way around shopping centers or underground car parks. In addition to smartphones and tablets, pressure sensors are primarily used in wearables, personal computers, and consoles. As smartwatches and wearable fitness trackers penetrate the daily cloth, owners want to go further with their apps and track success through additional activities including swimming. Technological developments and applications in nanotechnology are potential prospects for the pressure sensor industry.
Key Players
The report has profiled some of the Important players prevalent in the global like – Honeywell International Inc. (U.S.), ABB (Switzerland), NXP Semiconductors (the Netherlands), Infineon Technologies (Germany), Emerson Electric (U.S.), General Electric (U.S.), Siemens AG (Germany), STMicroelectronics (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments (U.S.), MRON Corporation (Japan) and many others.
Some of the key innovators in this market are Denso Corporation (Japan), TE Connectivity (Switzerland), Continental AG (Germany), Aptiv PLC (U.K), Sensata Technologies Holding PLC (U.K), Pricol Ltd (India), Taiwan Semiconductors (Taiwan), Renesas Corporation (Japan), Samsung Electronics (South Korea), Sony Corporation (Japan), Toshiba Corporation (Japan) and many others
This report covers the sales volume, price, revenue, gross margin, manufacturers, suppliers, distributors, intermediaries, customers, historical growth and future perspectives in the Pressure Sensors.
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Segmentation
The global pressure sensor market is segmented into product type, technology, vertical, and region.
Based on the product type, the market is further classified into absolute pressure sensors, differential pressure sensors, gauge pressure sensors, vacuum pressure sensors, and many others.
Based on the technology, the market is further classified into piezoresistive pressure sensors, electromagnetic pressure sensors, capacitive pressure sensors, optical pressure sensors, and many others.
Based on the vertical, the market is further classified into aviation, medical, marine, Oil & gas, automotive, consumer electronics, medical, and many others.
Regional Outlook
The global demand for pressure sensors is being studied for North America, Europe, Asia Pacific and the rest of the world. Among these areas, Asia Pacific currently dominates the market primarily due to a higher concentration of key players in countries such as China, Japan, and South Korea. In these regions, growing demand from the automotive and medical industries is fuelling market growth. Increasing the deployment of pressure sensors for automated storage and retrieval systems and raising awareness about the advantages of automated systems are driving this region ‘s market.
Nonetheless, over the projected period North America and Europe are predicted to show substantial growth rate. As regards the pressure sensor market, Europe is expected to show good business growth. The rising in technical advancements and demand for MEMS sensors are driving growth in the industry. The North America area is expected to show significant growth over the forecast period, however. Increasing smartphone use and growing medicine applications also drive the demand in this area. Consumer electronics demand across developed countries such as the United States drives the market in this area.
Key Stakeholders
Pressure Sensors Market Manufacturers
Pressure Sensors Market Distributors/Traders/Wholesalers
Pressure Sensors Market Subcomponent Manufacturers
Industry Association
Downstream Vendors
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TABLE OF CONTENTS
1 Executive Summary
2 The Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
…..
- Company Profiles
12.1 Honeywell International Inc. (U.S.)
12.1.1 Company Overview
12.1.2 Product/Business Segment Overview
12.1.3 Financial Updates
12.1.4 Key Developments
12.2 ABB (Switzerland)
12.2.1 Company Overview
12.2.2 Product/Business Segment Overview
12.2.3 Financial Updates
12.2.4 Key Developments
12.3 NXP Semiconductors (The Netherlands)
12.3.1 Company Overview
12.3.2 Product/Business Segment Overview
12.3.3 Financial Updates
12.3.4 Key Developments
12.4 Infineon Technologies (Germany)
12.4.1 Company Overview
12.4.2 Product/Business Segment Overview
12.4.3 Financial Updates
12.4.4 Key Developments
And more
Continued…
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