Press release
Pressure Sensors Market Key Players, Industry Demand, Overview And Supply Chain Analysis, Forecast To 2027
The 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 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 Pressure Sensors market. Importantly, it allows players to gain deep insights into the business development and market growth of leading companies operating in the Pressure Sensors market.The pressure sensor market was valued at USD 5457.4 million in 2020 and is expected to reach USD 8322.30 million by 2026 and grow at a CAGR of 7.3% over the forecast period (2021-2026).
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Top Leading Companies of Pressure Sensors Market are - ABB Ltd., All Sensors Corporation, Bosch Sensortec GmbH, Endress+Hauser AG, GMS Instruments BV (GE Measurement & Control), Honeywell International Inc., Invensys Ltd, Kistler Group, Rockwell Automation Inc., Rosemount Inc. (Emerson Electric Company), Sensata Technologies Inc., Siemens Building Technologies AG (Siemens AG), Yokogawa Corporation and others.
Industry News and Updates:
- April 2020 - Bosch Sensortec announced the BMP390, a barometric pressure sensor for altitude tracking in smartphones and wearable and hearable devices. According to Bosch, the new sensor can measure height changes below 10 centimeters and is 50 percent more accurate than its predecessor. The new BMP390 supports GPS applications for outdoor navigation and calorie expenditure estimation tasks and is available for high-volume smartphone, wearable, and hearable manufacturers.
- January 2020 - Honeywell announced the launch of a new, high-performance, value-priced line of Media Isolated stainless steel pressure sensors (MIP) for the industrial and HVAC market. The sensors were designed to withstand extreme temperatures and resist corrosion; the sensors are used by engineers to create high-performance HVAC systems, medical and biomedical processes, marine systems, aircraft systems, environmental engineering, laboratory, and wastewater and other industrial applications.
Key Market Trends:
Automotive is Expected to Hold Significant Share
- The automotive industry, which is undergoing a technology transformation, with a significant objective of increasing safety, comfort, and entertainment, provides ample opportunities for the pressure sensors. The miniature size of pressure sensors, such as MEMS, is influencing their demand in the automotive industry's design scheme, making them an essential factor for massive adoption. The miniature pressure sensors are best suited for measuring the pressure of the auto brake system, the pressure of the tires, the fluid pressure of the transmission system, the pressure of engine oil, and the pressure of intake pipe, as applications. Several parameters need to be controlled in the automotive sector, and pressure sensors add considerably to the developments of these aspects.
North America is Expected to Hold Major Share
- Stringent government regulations regarding passenger safety and significantly growing automotive and aerospace industries are driving the market for pressure sensors in North America. For instance, the US government passed the TREAD Act to mandate the installation of the Tire Pressure Monitoring System (TPMS) in all automobiles so that drivers can be cautious about the under-inflation of automobiles within 20 minutes of its detection. The emergence of information technology, along with the growth in the usage of IoT across a wide range of manufacturing, industrial, and automotive applications, has added a new dimension to conducting business operations in the region.
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:
- Pressure Sensors Market Size & Analysis (2016 - 2026)
- Market Share Analysis of Pressure Sensors Market (%),2016 - 2026
- Pressure Sensors Market Share, By Brand
- Pressure Sensors Market Share, By Company
- Pressure Sensors Market Assessment & Opportunity (Value),2016 - 2026
- Major Companies Pressure Sensors Market Value Analysis & Forecast
- Promising Pressure Sensors Development by Major Companies
- Detailed Pressure Sensors Portfolio of the Major Companies
- Major Deals in the Pressure Sensors Market
- Major Companies Analysis
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sales@marketinsightsreports.com | irfan@marketinsightsreports.com
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MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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