11-10-2018 07:01 PM CET - IT, New Media & Software
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Pressure Sensors Market Trend, Revenue & Regional Analysis 2018-2024 By Top Players - General Electric, Infineon Technologies, ABB Ltd., Emerson Electric Company, NXP Semiconductors N.V., Robert Bosch GmbH, Siemens AG, Omron Corporation, Schneider Electri

Press release from: Polaris Market Research & Consulting



The global Pressure Sensors Market generated $7,995 million in 2017 and is anticipated to grow at a CAGR of 5.9% during the forecast period.

Pressure sensors are used for transforming physical quantity of pressure into an industry standard signal. Some applications of pressure sensors include robotics, automation, refrigeration systems, motorsport, air conditioning, automobiles, healthcare equipment, and industrial devices among others. Different sensors are used for different measurement targets, such as liquids, gases, flammable substances, and corrosive substances.

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The demand for pressure sensors has increased owing to rising demand from the automotive industry, growing demand for vehicles from emerging economies, and modernization of vehicles. The rising use of pressure sensors in consumer devices, and growing demand from healthcare sector has resulted in the pressure sensors market growth. The growing adoption of MEMS and NEMS technology, and connected devices has increased the demand for pressure sensors across the globe. The introduction of favourable government regulations further accelerates the adoption of pressure sensors. Growing demand from emerging economies, development of smart cities, increasing adoption of IoT, and technological advancements are factors expected to provide numerous growth opportunities in the coming years.

The report provides an extensive qualitative and quantitative analysis of the market trends and growth prospects of the Global Pressure Sensors Market, 2017-2026. This report comprises a detailed geographic distribution of the market across North America, Europe, Asia-Pacific, Latin America, and MEA. North America is further segmented into U.S., Canada, and Mexico. Europe is divided into Germany, UK, Italy, France, and Rest of Europe. Asia-Pacific is bifurcated into China, India, Japan, and Rest of Asia-Pacific.

Asia-Pacific generated the highest revenue in the market in 2017 owing the established automotive industry, and increasing production of automobiles in the region. The increasing demand from consumer electronics and wearables, along with growing development of smart cities further boost the pressure sensors market growth in the region.

Competitive Landscape and Key Vendors
The global pressure sensors market is characterized by the presence of well-diversified international and small and medium-sized vendors. These companies are consistently launching new products to enhance their offerings in the market. With the advancement of technologies, companies are innovating and introducing new customized products to cater the growing needs of the customers. Leading companies are also acquiring other companies, and enhancing their product offerings to improve their market reach. Acquisitions enable key players to increase their market potential in terms of geographic expansion and expansion of customer base.

The leading companies operating in this market include General Electric, Infineon Technologies, ABB Ltd., Emerson Electric Company, NXP Semiconductors N.V., Robert Bosch GmbH, Siemens AG, Omron Corporation, Schneider Electric, and Honeywell International.

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Key Segments
Type
• Absolute Pressure Sensors
• Differential Pressure Sensors
• Gauge Pressure Sensors
• Others

Technology
• Optical Pressure Sensors
• Piezoresistive Pressure Sensors
• Electromagnetic Pressure Sensors
• Capacitive Pressure Sensors
• Resonant Solid-State Pressure Sensors
• Other Pressure Sensors

End-User
• Automotive
• Healthcare
• Aviation
• Consumer Electronics
• Oil and Gas
• Industrial
• Others
Region
• North America
o U.S.
o Canada
o Mexico
• Europe
o Germany
o UK
o France
o Italy
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o Rest of Asia-Pacific
• Latin America
o Brazil
o Rest of Latin America
• Middle East and Africa

About us Polaris Market Research
Polaris Market Research is a global market research and consulting company. We provide unmatched quality of offerings to our clients present globally. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities.
We mainly focus on aiding our customers with substantial competitive intelligence, helping them to secure a competitive advantage in the market and accomplish sustainable growth in different market domains. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers. Through dedicated qualitative and quantitative primary and secondary market research and consulting assignments, we adeptly formulate competitive strategies to address business challenges for our clients through analyzing market trends and emerging technologies.

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