Press release
Pressure Sensors Market Drivers And Restrains, Along With Their Current And Expected Impact Till 2025
A pressure sensor is a device that senses pressure and converts it into an electric signal where the amount depends upon the pressure applied.Since they convert pressure into an electrical signal, they are also termed as pressure transducers., pressure transmitters. By product, the global pressure sensors market is segmented into MEMS based pressure sensors, and pressure transmitters as well as pressure transducers which are widely used for industrial segment . Of these, MEMS based pressure sensors accounts for majority 34.02% market share of global revenue and pressure transmitters as well as pressure transducers accounts for majority 60.65% market share of global revenue in 2015.
By end user, the global pressure sensors market is segmented into Automotives,Medical,Industrial, Consumer electronics, Oil and gas and Military & Defense. In 2015, the Automotives application held the largest share in the global market and accounted for a market share of 28.97%. By geography, the global pressure sensor market has been segmented into North American, South American, European, and Asia-Pacific regions. The markets in the North American, European, South American, China and Japan are projected to witness CAGRs of 5.05%, 4.96%, 8.15% , 8.11% and 5.72%, respectively during the forecast period, 2016to 2021.
In the coming years, Pressure Sensors market is expected to witness the highest growth rate in the Asia-Pacific region. Micro-electromechanical systems (MEMS) technology have been receiving immense popularity and increase in adoption, which has resulted in the growth of the pressure sensors market.Although Pressure Sensors brings a lot of opportunities, the study group recommends the new entrants just having money but without technical advantage and widely sales network do not to enter into this field. The Pressure Sensors market was valued at xx Million US$ in 2017 and is projected to reach xx Million US$ by 2025, at a CAGR of xx% during the forecast period. In this study, 2017 has been considered as the base year and 2018 to 2025 as the forecast period to estimate the market size for Pressure Sensors.
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This report includes the following manufacturers; we can also add the other companies as you want.
Bosch
Denso
Sensata
Amphenol
NXP+ Freescale
Infineon
STMicroelectronics
TE Connectivity (Measurement Specialties)
Omron
Honeywell
Market Segment by Product Type
MEMS Pressure Sensor
Pressure Transducer
Pressure Transmitter
Market Segment by Application
Automotives
Medical
Industrial
Consumer electronics
Key Regions split in this report:
North America
Asia-Pacific
Europe
Central & South America
Middle East & Africa
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