Global Pressure Sensor Market By Application (Automotive, Oil & Gas, Consumer Electronics, Medical, Industrial Applications), Type (Piezoresistive, Capacitive, Resonant Solid State, Optical, Electromagnetic)
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The global Pressure Sensor Market Size is expected to attain a market size of $9.8 billion by 2022, rising at a CAGR of 6.2% during the forecast period.
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. 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. Pressure sensors market is expected to register significant market growth during the forecast period. The growth can be attributed to growing adoption of the sensors in different end user verticals such as automotive, consumer electronics, healthcare among others.
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 region, Pressure Sensor market is segmented into North America (US, Canada, Mexico and Rest of North America), Europe (Germany, UK, France, Russia, Spain, Italy and Rest of Europe), Asia-Pacific (China, Japan, India, South Korea, Singapore, Taiwan and Rest of Asia-Pacific) and Latin America, and Middle East & Africa. Asia-Pacific remained the dominant region in the global Pressure Sensor market in 2015. North America 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.