Pressure Sensors Market Size, Company Profiles and Business Trends by 2027

 Market Highlights

A sensor used for the measurement of pressure of gases or liquids is known as a pressure sensor. These sensors make use of IC fabrication technology which is made on silicon wafers. These wafers help in the monitoring and controlling of the pressure of gases and liquids. Such sensors have the capability of measuring different types of pressures like absolute, vacuum, gauge, and differential pressure.

The global pressure sensors market is expected to witness fast-paced ascension over the forecast period, as per the MRFR analysis recently published. This report has stated that the global pressure sensors market is expected to garner a revenue of USD 12 billion, registering a 6% CAGR by 2023. Several factors that are contributing to the upscaling of the global pressure sensors market are studied in the report. Rising demand for pressure sensors in the medical and automotive applications is one of the primary drivers of the market. Mounting applications of pressure sensors in consumer electronics, coupled with various advancements noted in the micro-electromechanical systems (MEMS) are expected to fuel the growth of the market.

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Segmentation:

Several Pressure Sensors Market Report segments are studied by the experts at MRFR. Such segmentation of the pressure sensors market is carried out by product type, technology, industry vertical, and region. Based on product type, the global pressure sensors market is segmented into absolute pressure sensors, gauge pressure sensors, differential pressure sensors, and vacuum pressure sensors. Based on technology, the market segmented into capacitive pressure sensors, piezoresistive pressure sensors, optical pressure sensors, and electromagnetic pressure sensors. Based on industry vertical, the global pressure sensors market is studied for the segments of automotive, aviation, marine, medical, oil & gas, medical, and consumer electronics.

Detailed Regional Analysis

The pressure sensors market is examined for the regional segments of North America, Europe, Asia Pacific and Rest of the World. Among these regions, Asia Pacific is expected to spearhead the global pressure sensors market through the forecast period. Mounting deployment of pressure sensors for automated storage and the retrieval system, along with raising awareness towards the advantages of automated systems is driving the regional pressure sensors market.

North America is expected to show momentous growth in the market, along with Europe. Advancements in the microelectromechanical systems (MEMS) technology and the adoption of the same across connected devices is expected to fuel market growth.

Key Players

Some of the profiled key players in the market include Honeywell International Inc. (U.S.), ABB (Switzerland), NXP Semiconductors (the Netherlands), Infineon Technologies (Germany), Emerson Electric (U.S.), General Electric (U.S.), Siemens AG (Germany), STMicroelectronics (Switzerland), Robert Bosch GmbH (Germany), Texas Instruments (U.S.), MRON Corporation (Japan).

Some of the leading innovators, as mentioned in the report, include Denso Corporation (Japan), TE Connectivity (Switzerland), Continental AG (Germany), Aptiv PLC (U.K), Sensata Technologies Holding PLC (U.K), Pricol Ltd (India), Taiwan Semiconductors (Taiwan), Renesas Corporation (Japan), Samsung Electronics (South Korea), Sony Corporation (Japan), Toshiba Corporation (Japan).

Industry Update

August 2019: Heilind Electronics has recently entered into a distribution agreement which will enable the company to offer a larger selection of pressure sensors for industrial and medical applications. Its Amphenol Franchise will include all sensors provided by Amphenol.

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List of Figures

FIGURE 1 Global Pressure Sensor Market Segmentation

FIGURE 2 Forecast Methodology

FIGURE 3 Porter’s Five Forces Analysis Of Global Pressure Sensor Market

FIGURE 4 Value Chain Of Global Pressure Sensor Market

FIGURE 5 Share Of Global Pressure Sensor Market In 2017, By Country (In %)

FIGURE 6 Global Pressure Sensor Market, 2017-2023,

FIGURE 7 Sub-Segments Of Technology

FIGURE 8 Global Pressure Sensor Market Size By Product Type, 2017

FIGURE 9 Share Of Global Pressure Sensor Market By Product Type, 2017 TO 2023

FIGURE 10 Global Pressure Sensor Market Size By Technology, 2017 TO 2023

About Market Research Future:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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