Pressure Sensors Market 2021-2027
New Study Reports “Pressure Sensors Market 2021 Global Sizing and Growth, Dynamics, Competitive Landscape, SWOT Analysis and Forecasts 2027” has been Added on Market Research Future.
Market Overview
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.
The study objectives of Pressure Sensors Market report are continuously involved in the research of the profile of key players that are established in recent times to keep the record updated. To keep the growth rate very smooth and stable, the research team carefully go through the manufacturing company’s strategy & planning of development and then analyze them for growth opportunity.
The professional study and research Pressure Sensors Market report consider the growth that is estimated according to the market size every year.
Pressure sensors market is estimated to reach USD 12 billion with a CAGR of 6% through the forecast period of 2026.
The increasing demand from automotive and medical industries and rising adoption of pressure sensors in consumer electronics are the primary factors driving the market growth. The rising adoption of Internet of Things (IoT) is fuelling the market growth. However, the intense pricing pressure is hampering the market growth.
A pressure sensor is used for pressure measurement of gases or liquids. The sensors make use of IC fabrication technology made on silicon wafers, which helps in monitoring and controlling the pressure of gases and liquids. These sensors are capable of measuring different types of pressures such as vacuum, absolute, gauge, and differential pressure. The rising demand for pressure sensors in automotive and medical applications is primarily driving the Pressure Sensors Market. The growing applications of pressure sensors in consumer electronics and advancements in MEMS (Micro-electromechanical systems) are fuelling the Pressure Sensors Market growth. However, the intense pricing structure is hampering the Pressure Sensors Market growth.
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
There have been recent mergers and acquisitions among the key players, where the business entities expect to strengthen their reach to their customers and more.
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Segmentation
The global pressure sensor market is segmented into product type, technology, vertical, and region.
On the basis of product type, the Pressure Sensor Market is further classified into absolute pressure sensors, differential pressure sensors, gauge pressure sensors, vacuum pressure sensors, and many others.
On the basis of technology, the Pressure Sensor Market is further classified into piezoresistive pressure sensors, capacitive pressure sensors, electromagnetic pressure sensors, optical pressure sensors, and many others.
On the basis of vertical, the Pressure Sensor Market is further classified into aviation, automotive, medical, marine, Oil & gas, consumer electronics, medical, and many others.
Regional Analysis
By geography, the market is studied for North America, Europe, Asia Pacific, and rest of the world. Among these regions, at present, the market is majorly dominated by Asia Pacific due to a higher concentration of key players in countries like China, Japan, and South Korea. The rising demand from automobile and medical industries in these regions are fuelling the market growth.
On the other hand, Europe is expected to show a decent market growth concerning the pressure sensor market. The rise in technological advancements and demand for MEMS sensors are fuelling the market growth. However, the North America region is expected to show a significant growth throughout the forecast period. Increase in use of smartphones and rising applications in the field of medicine are also driving the market in this region. The demand for consumer electronics across developed countries like the U.S. is driving the market in this region.
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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Major Key Points from Table of Content:
1 Executive Summary
2 Market Introduction
3 Research Methodology
4 Market Dynamics
5 Global Pressure Sensors Market, By Component
6 Global Pressure Sensors Market, by Technology
7 Global Pressure Sensors Market, by Application
8 Global Pressure Sensors Market, By Industry
9 Global Pressure Sensors Market, By Region
10 Competitive Landscape
And more
Continued…
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