Press release
Pressure Sensors Market 2019 Global Analytical Overview by Key Leaders:Denso, Sensata, Taiwan Semiconductors, Renesas Corporation, Samsung Electronics, Sony, Toshiba
Market Research Future (MRFR) has published a report stating that the global pressure market is marked to expand moderately at a CAGR of 6% during the forecast period of 2017-2023 and reach the market valuation of USD 12 Bn by the end of the forecast period. Pressure sensors are utilized the pressure exerted by fluids in a closed system.
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 rising demand for pressure sensors in automotive and medical applications is primarily driving the market. The growing applications of pressure sensors in consumer electronics and advancements in MEMS (Micro-electromechanical systems) are fuelling the market growth. However, the intense pricing structure of pressure sensors is hampering the market growth.
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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)
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
Industry Updates
In January 2019, a team of researchers in China has developed a pressure sensor that has ultra-high sensitivity and fast response time which is capable of real-time monitoring of pulse waves and can act as an artificial skin for robotic hands to detect weak pressure changes.
PCB Piezotronics Inc., a subsidiary of MTS Systems Corp., has launched the smallest ICP piezoelectric, pressure sensor which has integral lead wires.
Silicon Microstructures Inc., a leading developer and manufacturer of MEMS-based pressure sensors, has launched SM933X series of ultra-low pressure sensors that are highly sensitive and can be utilized for HVAC, medical, and industrial applications.
Regional Analysis
Geographically, the global pressure sensors market is segmented into four major regions such as North America. Europe, Asia Pacific (APAC) and the rest of the world. The Asia Pacific region commands the maximum share of the global pressure sensors market owing to the increased deployment of advanced pressure sensors for automated storage and retrieval systems and rapid expansion of the end use industries in this region. Rapid technological advancement and easy adoption of technologically advanced solutions to support the automation of crucial factors in various industries are propelling the expansion of the pressure sensor market in the North America region. Recent advancements in microelectromechanical technology and increased adoption of this technology across various industrial sectors coupled with increased research and development activities are fueling the growth of the pressure sensors market in the Europe region.
Segmentation:
The global pressure sensor market is segmented on the basis of product type, technology, vertical, and region. Based on product type, the pressure sensor market has been segmented into absolute pressure sensors, differential pressure sensors, gauge pressure sensors, vacuum pressure sensors, and others. Based on technology, the global pressure sensor market has been segmented into piezoresistive pressure sensors, capacitive pressure sensors, electromagnetic pressure sensors, optical pressure sensors, and many others. Based on vertical, the global pressure sensors market has been segmented into aviation, automotive, medical, marine, Oil & gas, consumer electronics, medical, and others.
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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
LIST OF TABLES
Table 1 Global Pressure Sensor Market: By Region, 2017-2023
Table 2 North America Pressure Sensor Market: By Country, 2017-2023
Table 3 Europe Pressure Sensor Market: By Country, 2017-2023
Table 4 Asia Pacific Pressure Sensor Market: By Country, 2017-2023
Continued….
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MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
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