Pressure Sensors Market Dynamics, Segments and Trends in the 2022-2028 | ABB Ltd., All Sensors Corporation, Bosch Sensortec GmbH, Endress+Hauser AG

Pressure Sensors Market With strategic analysis, micro and macro market trend and scenarios, pricing analysis, and a holistic assessment of market conditions in the future term, this market research study keeps a close eye on major rivals. It's a thorough research that focuses on key and secondary drivers, market share, leading segments, and geographic analysis. The Pressure Sensors Market also examines significant players, major collaborations, mergers and acquisitions, as well as current innovation and corporate strategies.

The pressure sensor market was valued at USD 5457.4 million in 2020 and is expected to reach USD 8322.30 million by 2027 and grow at a CAGR of 7.3% over the forecast period (2022-2027).

Top Key Players are covered in this report: 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

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Recent Developments:

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.

Key Market Trends:

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.

- With technological developments enabling the development of autonomous and self-driving cars, the adoption of sensors in vehicles is expected to witness subsequent growth. In the automotive sector, safety regulations enforced by the governmental organizations also play a crucial role, in incorporating pressure sensors. Hence, the United States automotive sector has been leading the market studied, owing to the presence of a robust automotive industry. Thus, various countries' environmental and safety regulations are expected to lead to an increasingly stringent requirement for accuracy, quality, and price of automotive pressure sensors.

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Key market aspects are illuminated in the report:

Executive Summary: It covers a summary of the most vital studies, the Global Pressure Sensors Market increasing rate, modest circumstances, market trends, drivers and problems as well as macroscopic pointers.

Study Analysis: Covers major companies, vital market segments, the scope of the products offered in the Global Pressure Sensors Market, the years measured, and the study points.

Company Profile: Each company in this market sector is screened based on its goods, value, SWOT analysis, capacity, and other key characteristics.

Manufacture by region: This Global Pressure Sensors Market report offers data on imports and exports, sales, production and key companies in all studied regional markets

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