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Pressure Sensors Market To 2020- Industry Trends, Forecast: Grand View Research, Inc.
Over the past few years, the global pressure sensors market has witnessed a shift from analog technology to digital technology, owing to the latter's superior performance and efficiency. Moreover, an increase in the number of vehicles all over the world is expected to drive the overall market.
In 2013, piezoresistive pressure sensors accounted for over 25% of the total revenue generated. This type of pressure sensors is used widely in medical, consumer electronics and automotive applications which led to the high demand of the segment. Resonant and optical solid-state sensors are expected to witness the highest rate of growth in the global pressure sensors market over the forecast period. This increase is projected owing to their high usage in dangerous, remote environments including areas with high radioactive emissions and high-temperature zones.
Browse full research report on Global Pressure Sensors http://www.grandviewresearch.com/industry-analysis/pressure-sensors-industry
The automotive sector had the largest market share in the applications segment, accounting for over 25% of the global market. In the industry, pressure sensors are used for checking the pressure of vital parameters which include fuel, brake, oil, and transmission. They are used in tire pressure monitoring systems, barometric pressure measurement, gasoline direct-injection systems, side airbags, and exhaust gas recirculation pressure measurement. Consumer electronics is projected to be fastest growing application segment over the next six years on account of its extensive use in smartphones. These devices contain sensors to allow Global Positioning Systems (GPS), indoor navigation and altitude measurement.
In 2013, Asia Pacific accounted for the major regional market, generating over 30% of the total revenue of the global pressure sensors market as a result of the high demand from emerging economies such as China and India and the surge in its application segments. Asia Pacific is likely to witness tremendous gains over the forecast period.
The global pressure sensors market is uneven in nature. Major industry participants are increasingly entering into mergers & acquisitions as a part of their competitive strategies. Key participants in the market include Siemens AG, Emerson Electric Company, Delphi Corporation, General Electric, Analog Devices, ABB Ltd., STMicroelectronics N.V., Infineon, Freescale Semiconductor Ltd., and Bosch.
Grand View Research has segmented the global pressure sensors market on the basis of technology, application and region:
Pressure Sensors Technology Outlook (Revenue, USD Million, 2012 – 2020)
• Capacitive
• Electromagnetic
• Optical
• Piezoresistive
• Resonant solid-state
• Others
Pressure Sensors Application Outlook (Revenue, USD Million, 2012 – 2020)
• Automotive
• Consumer Electronics
• Industrial
• Medical
• Oil & Gas
• Others
Pressure Sensors Regional Outlook (Revenue, USD Million, 2012 – 2020)
• North America
• Europe
• Asia Pacific
• RoW
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Web: www.grandviewresearch.com
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