Piezoresistive Pressure Sensors Market Evolving Technology, Growth, Demand and Industry Outlook 2021 to 2027: Kistler Group, BCM Sensor Technologies BVBA, First Sensor AG

The Piezoresistive Pressure Sensors Market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The piezoresistive pressure sensors market was valued at USD 1.03 billion in 2019, and is expected to reach a value of USD 1.4 billion by 2025, at a CAGR of 5.74% during the forecast period (2020-2025). 

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Competitive Landscape:

Top Companies: BD Sensors GmBH, Impress Sensors and Systems Ltd, Metallux SA, All Sensors Corporation, Kistler Group, BCM Sensor Technologies BVBA, First Sensor AG, Ninghai Sendo Sensor Co. Ltd, Rosemount Inc. (Emerson Electric Company), Honeywell International Inc., Pewatron AG

Market Overview:

- The piezoresistive pressure sensors have been widely accepted as low-cost solutions. These sensors are comparatively less expensive than the capacitive pressure sensors, which is a major reason for the heavy competition between the capacitive ceramic pressure sensors and piezoresistive ceramic pressure sensors. The relative performance of the capacitive sensors is offset by the price performance of piezoresistive sensors.
- The rising pattern of miniaturization of sensors will be able to open new open doors for the piezoresistive sensors market. The organizations in this division are continually growing new piezoresistive sensors, particularly for risky/hazardous regions which will additionally help the piezoresistive sensor market.
- Expanded vehicle request in developing nations and rising legislative concerns with respect to security is helping the piezoresistive market to develop. Nanotechnology applications will positively affect the market development in the next couple of years.

Scope of the Report
The piezoresistive effect is a change in the electrical resistivity of a semiconductor or metal when mechanical strain is applied. Piezoresistive pressure sensors are widely used for controlling and monitoring applications by MEMS technology. In the area of application, industries, such as biomedical and aerospace are comparatively more precise in terms of size and weight requirements by which they are gaining more traction in the aviation sector providing fine sensitivity, as well as better linearity.

Industry News and Updates:

- January 2019 - TE Connectivity Ltd, an organization in the network and sensor arrangements, was named a 2017 Top 100 Global Innovator by Clarivate Analytics. The yearly report features the best associations in the world that are dynamic in advancement through innovative work, security of their IP, and the accomplishment of business achievement. This is the seventh back to back year TE has been recognized.
- March 2019 - A new quantum sensor developed by researchers at the University of Waterloo's Institute for Quantum Computing (IQC) has proven it can outperform existing technologies and promises significant advancements in monitoring the success of cancer treatments and long-range 3D imaging.

Key Market Trends:

- The region has a very active industrial sector and is influencing a robust growth in the automotive, as well as the healthcare industry and hence, has the potential to remain one of the strong markets in the piezoresistive pressure sensors market. The United States contributes to the majority of the market share in the region, followed by Canada, as per research. The United States is expected to occupy more than three - quarters of the entire North American market share in the global market.
- The rapid growth in the sale of force sensors in the United States is majorly driven by automotive end-markets, partially due to the huge product obsolescence in the occupant weight sensing applications. Due to this, new business opportunities have emerged in the market.
- Due to awareness toward fuel economy and upcoming emission requirements, there is a rapid growth in the market. In Canada, low cost, compact size, eco-friendly nature, and bulk manufacturing capability, are the key drivers for the growth of the market share in North America.

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What are the market influences that are explained in the report?

-Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

-Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

-Analytical Tools: The Global Piezoresistive Pressure Sensors Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

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