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The Europe Pressure Sensor Market Size would grow at a growth rate of 5% 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.
The rising usage of Pressure Sensor 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. Additionally, these sensors are also deployed in enhancing the safety of passengers, such as in Tire Pressure Monitoring Systems (TPMS), Advanced Driver Assistance Systems (ADAS), and Manifold Absolute Pressure Sensors (MAP).
Deployment of air bags, throttle position, weight, and sensing of passengers are some of the additional areas where sensors are largely used. Growing demand for different types of sensors, especially in autonomous cars is expected to drive the market higher during the forecast period. 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 Germany, UK, France, Russia, Spain, Italy and Rest of Europe. Germany remained the dominant country in the Europe Pressure Sensor market in 2015. France and Russia 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.