Press release
Pressure Sensors Market 2018 to 2023 Analysis by Leading Key Players: Sony Corporation, Samsung Electronics, Toshiba Corporation, Aptiv PLC, Denso Corporation, Continental AG
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 global pressure sensors market is on the rise with the rising demand from automobile and growth in MEMS. The global pressure sensor market is segmented into product type, technology, vertical, and region. The technology segment is further classified into piezoresistive pressure sensors, capacitive pressure sensors, electromagnetic pressure sensors, optical pressure sensors and many others. A piezoresistive pressure sensor contains several thin wafers of silicon embedded between protective surfaces. These sensors are widely used in automotive industry, biomedical applications, and household appliances. The low cost of fabrication and mature processing technology of piezoresistive pressure sensors are driving the market growth. The capacitive pressure sensor is majorly used in the automotive industry for fuel pressure, antilock braking, capacitive pressure sensor signal conditioning, and many others.
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Major Key Players
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 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.
According to MRFR, The global Pressure Sensor Market is estimated to reach USD 12 billion with CAGR 6% through the forecast period 2023
Segmentation
The global pressure sensor market is segmented into product type, technology, vertical, and region. On the basis of product type, the 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 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 market is further classified into aviation, automotive, medical, marine, Oil & gas, consumer electronics, medical, and many others.
Regional Analysis
The global pressure sensors market is studied for North America, Europe, Asia Pacific and rest of the world. Asia Pacific is expected to hold major market share through the forecast period. The increase in deployment of pressure sensors for automated storage and retrieval systems and raising awareness about the advantages of automated systems are driving the market in this region. However, North America and Europe are anticipated to show significant growth rate during the forecast period. The advancements in MEMS (Microelectromechanical systems) technology and their adoption across connected devices are also driving the market in this region. The demand for high-efficient and cost-effective products are driving demand for global pressure sensor market.
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Intended Audience
• Raw material suppliers
• Component manufacturers
• Original equipment manufacturers (OEMs)
• Integrated device manufacturers (IDMs)
• Technology, service, and solution providers
• System integrators
• Technology investors
• Market research and consulting firms
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
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