Wireless Pressure Sensors Market Report Helps To Predict Investment In An Emerging Market For The Forecast Period 2026

The Wireless Pressure Sensors Market report offers an in-depth assessment of market dynamics, the competitive landscape, segments, and regions in order to help readers to become familiar with the Wireless Pressure Sensors market. It particularly sheds light on market fluctuations, pricing structure, uncertainties, potential risks, and growth prospects to help players to plan effective strategies for gaining successful in the Wireless Pressure Sensors market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Wireless Pressure Sensors market.

The Wireless Pressure Sensors market was valued at USD 691.9 million in 2020 and is expected to reach USD 2803.5 million by 2026, and grow at a CAGR of 20.8% over the forecast period (2021 - 2026)

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Top Leading Companies of Wireless Pressure Sensors Market are - ABB Group, Emerson Electric Company, ESI, Inc., Honeywell International, Inc., Infineon Technologies AG, OleumTech Corporation, Phoenix Sensors LLC, Siemens AG, TE Connectivity Ltd, Texas Instruments, Inc., Acuity Incorporated, Analog Devices, Inc., Rockwell Automation, Inc., Murata Manufacturing Co., Ltd. and others.

Industry News and Updates:

- February 2019 - Honeywell announced the introduction of Aerospace’s hybrid-electric turbogenerator that will power the first generation of vertical takeoff and landing (VTOL) aircraft. The hybrid powerplant is an electrified version of its 1,100-shp HTS900 gas turbine engine used on Kopter’s SH09 light turbine helicopter and Eagle Copters Eagle 407HP conversion.

- October 2018 - Murata developed the world’s smallest 32.768 kHz MEMS resonator, which is expected to make a significant contribution to reducing the size and power consumption of IoT devices, wearables, and healthcare devices.

Key Market Trends:

Wireless Pressure Sensors to Witness an Increased Demand from the Automotive Industry

- The automotive segment is anticipated to grow at a steady rate owing to progression in technology, the demand for concept cars, and automation, among others. The automotive industry has been an important end-user segment for legacy pressure sensors. High quality and absolute reliability are always on the preference list of automotive manufacturing.

- To achieve the optimum condition regarding performance and system cost, the pressure sensors have been a prime choice in many critical applications. However, with emerging applications, such as vehicle dynamics control, offline navigation, external airbag deployments, tire pressure monitoring, etc., the use of wireless pressure sensors is becoming increasingly popular in the automotive industry.

- With futuristic innovations, like electric cars and self-driving cars, the demand for these wireless pressure sensors is assumed to grow quickly from the automotive sector. Powertrain applications represent more than 50% of the business, followed by safety, with tire pressure management systems (TPMS) being the largest single automotive application. Driven by carbon dioxide emission reduction and automation, wireless pressure sensors will increasingly be adopted and used in the future.

North America to Hold a Dominant Share

- North America is expected to hold a strong share of the global wireless sensors market over the forecast period. The U.S. is a primary country in this region, due to the presence of companies like Rockwell Automation, Texas Instruments, etc. Technological proliferation and advancements in nanotechnology and micro-technology are expected to propel the market growth in North America over the forecast period.

- Moreover, the growing demand for wireless sensors in the defense sector is anticipated to fuel market growth. In 2019, the U.S. Department of Defense estimated a budget of USD 13.7 billion for investing in technological development. These investments are expected to increase considering the technological advancements, which will further boost the wireless sensors market in the future years.

Investigator Observers Strong Growth in Specific Regions:

– Europe Market (Germany, UK, France, Russia, Italy)

– Center East and Africa Market (Saudi Arabia, UAE, Egypt, Nigeria, South Africa)

– South America Market (Brazil, Argentina, Colombia)

– North America Market (United States, Canada, Mexico)

– Asia Pacific Market (China, Japan, Korea, India, Southeast Asia).

The Latest Industry Data Included in this Report:
- Wireless Pressure Sensors Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Wireless Pressure Sensors Market (%),2016 - 2026
- Wireless Pressure Sensors Market Share, By Brand
- Wireless Pressure Sensors Market Share, By Company
- Wireless Pressure Sensors Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Wireless Pressure Sensors Market Value Analysis & Forecast
- Promising Wireless Pressure Sensors Development by Major Companies
- Detailed Wireless Pressure Sensors Portfolio of the Major Companies
- Major Deals in the Wireless Pressure Sensors Market
- Major Companies Analysis

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