Press release
Global Pressure Sensor Market to reach 11.30 Bn US$ by 2023 at 5.27% CAGR to 2023| Honeywell, ABB, NXP Semiconductor, Infineon Technologies etc.
The global Pressure sensor market was valued at US$ 8.73 Bn in 2018 and is expected to reach US$ 11.30 Bn by the end of the forecast period, growing at a CAGR of 5.27% during the period from 2018 to 2023.INQUIRE FOR DISCOUNT UPTO 50% ON PRESSURE SENSOR MARKET 2018-23 REPORT AT: https://inforgrowth.com/requestdiscount/r/1232007/global-pressure-sensor-market-company-profiles-and-competitive-intelligence-report-2018
The company profiles will include key information about companies such as company description, base of operations, operational presence, product/business portfolio, employee strength, list of key stakeholders and board of directors, organizational structure, key competitors and their details, financial information such as revenue growth, profit margin, market capitalization, market positioning of key players, share price comparison, SWOT analysis, key developments, business strategies, and analysts’ views. The information for individual companies has been derived through financial reports, paid databases, and company news articles, among others.
Notable players operating in this industry include Honeywell (US), ABB (Switzerland), NXP Semiconductor (Netherland), Infineon Technologies (Germany), Emerson Electric (US), General Electric (US), Siemens (Germany), STMicroelectronics (Switzerland), Robert Bosch (Germany), TE Connectivity (Switzerland), Schnider Electric (France), Denso (Japan), Continental (Germany), Endress Hausar (Switzerland), SSI (Technologies), and Delphi (UK).
The Sensor producers are emphasising on capitalizing R&D facilities with an objective to propel technology growth. Main players have engaged advanced ideas and theories and enriched their products and productivity to acquire a viable edge and augmented their production techniques. They have implemented new product development as their main strategy to cater to the requirement of end users. Moreover, they have even began execution and developments to enhance their product contributions and also to propel the manufacturing procedure to broaden their scope into several geographies.
The main limiting factor for the development of the pressure sensor market is strong pricing pressure. The consumers of pressure sensors are the main players in applications like oil & gas, utilities, automotive, aviation, medical, marine, industrial, and others. The main requirement for pressure sensors comes from the medical and automotive industries, which are developing rapidly. However, stiff price competition exists in both the industries and hence, the players in these applications require low-cost pressure sensors to lower the prices of the final product.
Ask for a sample copy of this report at: Competitive Intelligence & Company Profiles Report Sample Link https://inforgrowth.com/samplerequest/r/1232007/global-pressure-sensor-market-company-profiles-and-competitive-intelligence-report-2018
Recent Developments in the Market:
Silicon Microstructures Inc.: In May 2018, Silicon Microstructures Inc., a leading developer and manufacturer of MEMS-based pressure sensors, has launched SM933X series of ultra-low-pressure sensors. SM933X series of ultra-low-pressure sensors are highly sensitive and are utilized for HVAC, medical, and industrial applications.
Ford: In Feb 2019, Ford’s “Lane Keeping Bed”, a type of mattress was launched on Feb 25, 2019. The product is equipped with a pressure sensor that can detect if one has moved over too far. This technologically advanced mattress is invented so that the one who has moved too far can be gently transported back to the rightful place. The bed comes with a built-in conveyor belt for this purpose.
Key Questions Answered into the Report:
• Who are the key competitors of companies with respect to their products, revenue, geographical presence, and market positioning?
• How is a particular company perform against its competitors?
• What are the Strengths, Weaknesses, Opportunities, and Challenges for major companies in the market?
• What are the strategies for growth adopted by the companies in the market?
• What is the market positioning of the players with respect to their business strength and product portfolio?
• What are the recent trends in the market? (M&A, partnerships, new product developments, expansions)
• How is the market players’ presence with respect to region and segment?
• Who are the key customers of the market?
Enquire more about this report at: Competitive Intelligence & Company Profiles Report Enquiry Link https://inforgrowth.com/enquiry/r/1232007/global-pressure-sensor-market-company-profiles-and-competitive-intelligence-report-2018
Related Reports on Pressure Sensor Market:
Global Pressure Sensor Market Full Report
Global Pressure Sensor Market Summary Report
Global Pressure Sensor Market Segmentation Report
Global Pressure Sensor Market Regional Report
Global Pressure Sensor Market Statbook
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