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The Asia Pacific Pressure Sensor Market Size is anticipated to experience a growth rate of 7% CAGR during the forecast period (2016 - 2022).
Pressure sensor detects, measures, and transmits the information and as a result helps in analyzing the performance of a device. IC fabrication technology made on silicon wafers is used to conduct such functions. It also helps in monitoring and controlling the pressure of gases and liquids and measuring different types of pressures such as absolute, vacuum, gauge, and differential pressure. Over the years, the demand for pressure sensors has significantly increased and the trend would continue all through the forecast period. Pressure sensors have numerous applications in consumer electronics namely, to provide comfort, indoor navigation, and offer user-friendly interface.
Growth of consumer electronics market, specifically in the smartphones, tablets and wearable electronics segments have driven the market growth of pressure sensors. Growing demand for pressure sensors in medical applications would add to the market attractiveness of pressure sensor during the forecast period. The rising trend would benefit automotive manufactures significantly.
Pressure sensors are the key vital components used in reducing emission and fuel consumption, directly contributing to limiting the levels of air pollution. Based on Application, the market is segmented into Application, Automotive, Oil & Gas, Consumer Electronics, Medical, Industrial, and Others. Based on Type, the market is segmented into Piezoresistive, Capacitive, Resonant Solid State, Optical, Electromagnetic, and Others.
Based on country, Pressure Sensor market is segmented into China, Japan, India, South Korea, Singapore, Taiwan and Rest of Asia-Pacific. China remained the dominant country in the Asia-Pacific Pressure Sensor market in 2015. India and Japan would witness promising CAGR during the forecast period (2016-2022). The report covers the analysis of key stake holders of the Pressure Sensor market. Key companies profiled in the report include Emerson Electric Co, Honeywell International, Inc., NXP Semiconductors N.V., Texas Instruments Incorporated, Delphi Automotive PLC, Denso Corporation, Robert Bosch GmbH and Schneider Electric SE.