Press release
Pressure Sensors Market Analysis by Major Key Players: Honeywell International, Emerson Electric, General Electric, Siemens, STMicroelectronics, Texas Instruments
The global pressure sensor market is estimated to reach USD 12 billion with CAGR 6% through the forecast period 2023
Some of the key players in the global pressure sensors market are 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.
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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 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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