Pressure Sensor Market 2030 Emerging Trends and Global Demand During the COVID-19 Period till 2027 | Honeywell, Infineon Technologies, NXP Semiconductors N.V

Allied Market Research published a report, titled, “Pressure Sensor Market by Type (Absolute Pressure Sensor, Gauge Pressure Sensor, and Differential Pressure Sensor), Technology (Piezoresistive, Electromagnetic, Capacitive, Resonant Solid State, Optical, and Others), and Application (Automotive, Oil & Gas, Consumer Electronics, Medical, Industrial and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027.”

According to the report, the global pressure sensor industry generated $11.38 billion in 2019, and is expected to reach $24.84 billion by 2027, growing at a CAGR of 10.3% from 2020 to 2027
Increase in demand for different types of sensors, especially in autonomous cars, is expected to drive the pressure sensors market growth during the forecast period. Advanced technologies and innovations such as Advanced Driver Assistance Systems (ADAS) and Emission Control Sensors are expected to open new opportunities for the pressure sensors market in the automotive industry.

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Key Players of Pressure Sensor Market:
The key pressure sensor industry leaders profiled in the report include ABB Ltd., Analog Devices, Eaton, Honeywell, Infineon Technologies, NXP Semiconductors N.V., Renesas Electronics, Siemens, STMicroelectronics, and Texas Instruments. These key players have adopted strategies, such as product portfolio expansion, mergers & acquisitions, agreements, geographical expansion, and collaborations, to enhance their market penetration

Pressure Sensor Market Segmentation
Based on type, the absolute pressure sensors segment contributed to the largest share in 2019, accounting for more than two-fifths of the total share, and is estimated to maintain its dominant position during the forecast period. However, the gauge pressure sensor segment is estimated to portray the highest CAGR of 12.1% during the forecast period.

Based on application, the automotive segment accounted for the largest share in 2019, holding more than one-fourth of the total share, and is expected to maintain the largest share throughout the forecast period. However, the industrial segment is expected to register the highest CAGR of 15.0% from 2020 to 2027.

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Key Findings Of The Study
• By type, the absolute pressure sensor segment generated the highest revenue in 2019.
• By technology, the piezoresistive segment generated the highest revenue in 2019.
• By application, the automotive segment generated the highest revenue in 2019.

Key offerings of the report:
1. Key drivers & Opportunities: Detailed analysis on driving factors and opportunities in different segments for strategizing.
2. Current trends & forecasts: Comprehensive analysis on latest trends, development, and forecasts for next few years to take next steps.
3. Segmental analysis: Each segment analysis and driving factors along with revenue forecasts and growth rate analysis.
4. Regional Analysis: Thorough analysis of each region help market players devise expansion strategies and take a leap.
5. Competitive Landscape: Extensive insights on each of the leading market players for outlining competitive scenario and take steps accordingly.

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Allied Market Research (AMR) is a market research and business-consulting firm of Allied Analytics LLP, based in Portland, Oregon. AMR offers market research reports, business solutions, consulting services, and insights on markets across 11 industry verticals. Adopting extensive research methodologies, AMR is instrumental in helping its clients to make strategic business decisions and achieve sustainable growth in their market domains. We are equipped with skilled analysts and experts, and have a wide experience of working with many Fortune 500 companies and small & medium enterprises.
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