Pressure Sensors Market Estimated to Reach US$ 12 billion with CAGR 6% through the forecast period 2023 | Honeywell International Inc., Infineon Technologies

Market Synopsis

The global Pressure Sensors market is expected to reach a valuation of USD 12 billion with CAGR of 6% by 2023, according to the latest research report from Market Research Future (MRFR).

The pressure sensors market is led by piezoresistive and capacitive sensors, as they are widely used in the petrochemical, medical, automotive, oil and gas industries. Due to its applications in hazardous environments, optical and resonant solid-state sensors are projected to show high growth over the forecast period. Indoor navigation is one of the most widespread applications for this technology, where air pressure data is used to assess the current level of the user’s floor in a building, which proves to be very useful to navigate your way around shopping centers or underground car parks. In addition to smartphones and tablets, pressure sensors are primarily used in wearables, personal computers, and consoles.

The growing demand from the automotive and medical industries and the rising adoption of pressure sensors in consumer electronics are the crucial factors driving growth in the sector. The rising Internet of Things (IoT) adoption is driving growth in the industry. Growth in IoT-connected devices is expected to fuel market growth, as pressure sensors transform smart homes and buildings, smart cities and smart factories into developments.

Segmentation

The global pressure sensor market is segmented into product type, technology, vertical, and region. Based on the product type, the market is further classified into absolute pressure sensors, differential pressure sensors, gauge pressure sensors, vacuum pressure sensors, and many others. Based on the technology, the market is further classified into piezoresistive pressure sensors, electromagnetic pressure sensors, capacitive pressure sensors, optical pressure sensors, and many others. Based on the vertical, the market is further classified into aviation, medical, marine, Oil & gas, automotive, consumer electronics, medical, and many others.

Get Free Sample Report@ https://www.marketresearchfuture.com/sample_request/6096

Competitive Dashboard

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

Regional Outlook

The global demand for pressure sensors is being studied for North America , Europe , Asia Pacific and the rest of the world. Among these areas, Asia Pacific currently dominates the market primarily due to a higher concentration of key players in countries such as China, Japan , and South Korea. In these regions, growing demand from the automotive and medical industries is fuelling market growth. Increasing the deployment of pressure sensors for automated storage and retrieval systems and raising awareness about the advantages of automated systems are driving this region’s market.

Nonetheless, over the projected period North America and Europe are predicted to show substantial growth rate. As regards the pressure sensor market, Europe is expected to show good business growth. The rising in technical advancements and demand for MEMS sensors are driving growth in the industry.

Get More Information: https://www.marketresearchfuture.com/reports/pressure-sensors-market-6096

TABLE OF CONTENTS:

1. Market Introduction
2. Research Methodology
3. Market Dynamics
4. Executive Summary
5. Market Factor Analysis
6. Pressure Sensors Market, By Segments
7. Competitive Analysis

Continued…

About Us:

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.

Tags: Pressure Sensors Market size, Pressure Sensors Market report, Pressure Sensors Market, Pressure Sensors Market Trends, Pressure Sensors Market Demand, Pressure Sensors Market Analysis, Pressure Sensors, Pressure Sensors Market Share See Campaign: https://www.marketresearchfuture.com/reports/pressure-sensors-market-6096
Contact Information:
Market Research Future Office No. 528, Amanora Chambers Magarpatta Road, Hadapsar, Pune – 411028 Maharashtra, India +1 646 845 9312 Email: sales@marketresearchfuture.com

Tags:
, Reportedtimes, iCN Internal Distribution, Research Newswire, English