Dublin, May 03, 2018 (GLOBE NEWSWIRE) -- The "Pressure Sensor Market Report: Trends, Forecast and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering
The global pressure sensor market is expected to reach an estimated $12 billion by 2023 with a CAGR of 5.1% from 2018 to 2023.
The future of the global pressure sensor market looks attractive with opportunities in the industrial, healthcare, consumer electronics, and automotive industries. The major growth drivers for this market are stringent government regulations for safety in the automotive industry, growth in consumer electronics, and increasing demand for microelectromechanical systems (MEMS) technology.
Emerging trends, which have a direct impact on the dynamics of the pressure sensor industry, include development of implantable pressure transduction system and the development of nanoelectromechanical system (NEMS) pressure sensor.
The researcher forecasts that piezoresistive technology will remain the largest technology type due to increasing demand in aerospace and automotive industries. The optical technology is expected to witness the highest growth in the forecast period due to its increasing penetration in medical electronics and automotive applications.
Within the pressure sensor market, the automotive industry will remain the largest end use segment due to increasing usage of pressure sensors in the tire pressure monitoring, electronic stability controls, engine controls, and side airbags. The researcher predicts that the electronics industry is likely to experience the highest growth over the forecast period due to growth in smartphones, tablets, household appliances, and wearable devices.
Asia Pacific is expected to remain the largest market and will experience the highest growth over the forecast period supported by increasing automotive production and growing consumer electronics industry.
Some of the Pressure sensor companies profiled in this report include ABB, Emerson Electric Co, Analog Devices., Denso Corporation, and Robert Bosch.
Scope of the Report
Pressure Sensor Market by Technology [$M shipment analysis from 2012 to 2023]:
- Piezoresistive
- Electromagnetic
- Resonant Solid State
- Capacitive
- Optical
- Others
Pressure Sensor Market by End Use Industry [$M shipment analysis from 2012 to 2023]:
- Automotive
- Industrial
- Healthcare
- Electronics
- Others
Pressure Sensor Market Region [$M shipment analysis for 2012 - 2023]:
North America
- United States
- Canada
- Mexico
Europe
- United Kingdom
- Germany
- France
Asia Pacific
- Japan
- China
- South Korea
- India
Key Topics Covered:
1. Executive Summary
2. Market Background and Classifications
3. Market Trends and Forecast Analysis from 2012 to 2023
4. Market Trends and Forecast Analysis by Region
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
- ABB Ltd.
- Delphy Automotive PLC
- Denso Corporation
- EMERSON ELECTRIC CO.
- General Electric
- Honeywell International Inc.
- Infineon Technologies AG
- NXP Semiconductors N.V.
- Omron Corporation
- Robert Bosch GmbH
- Stmicroelectronics
For more information about this report visit https://www.researchandmarkets.com/research/n8klvn/12_billion?w=12