NEW YORK, April 4, 2018 /PRNewswire/ -- The future of the global pressure sensor market looks attractive with opportunities in the industrial, healthcare, consumer electronics, and automotive industries. The global pressure sensor market is expected to reach an estimated $12 billion by 2023 with a CAGR of 5.1% from 2018 to 2023. The major growth drivers for this market are stringent government regulations for safety in the automotive industry, growth in consumer electronics, and increasing demand for microelectromechanical systems (MEMS) technology.
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Emerging trends, which have a direct impact on the dynamics of the pressure sensor industry, include development of implantable pressure transduction system and the development of nanoelectromechanical system (NEMS) pressure sensor.
Pressure Sensor Market Trends Pressure Sensor Market Forecast
Growth Opportunities for the Global Pressure Sensor Market
The study includes the pressure sensor market size and forecast for the global pressure sensor market through 2023, segmented by technology, end use industry, and region as follows:
Pressure Sensor Market by Technology [$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
The Rest of the World
Some of the Pressure sensor companies profiled in this report include ABB, Emerson Electric Co, Analog Devices., Denso Corporation, and Robert Bosch.
Lucintel 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. Lucintel 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 features of "Growth Opportunities in the Global Pressure Sensor Market 2018-2023: Trends, Forecast, and Opportunity Analysis" include:
Market size estimates: Global pressure sensor market size estimation in terms of value ($M) shipment.
Trend and forecast analysis: Market trend (2012-2017) and forecast (2018-2023) by segments and region.
Segmentation analysis: Global pressure sensor market size by various applications such as technology, and end use industry in terms of value and volume shipment.
Regional analysis: Global pressure sensor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.
Growth opportunities: Analysis on growth opportunities in different applications and regions of pressure sensor in the global pressure sensor market.
Strategic analysis: This includes M&A, new product development, and competitive landscape of pressure sensor in the global pressure sensor market. Analysis of competitive intensity of the industry based on Porter's Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global pressure sensor market by technology (piezoresistive, electromagnetic, resonant solid state capacitive, optical, and others), by end use industry (automotive, industrial, healthcare, electronics, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the pressure sensor market?
Q.5 What are the business risks and threats to the pressure sensor market?
Q.6 What are the emerging trends in this pressure sensor market and reasons behind them?
Q.7 What are some changing demands of customers in the pressure sensor market?
Q.8 What are the new developments in the pressure sensor market? Which companies are leading these developments?
Q.9 Who are the major players in this pressure sensor market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this pressure sensor area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred by the major pressure sensor suppliers in the last 5 years in pressure sensor market?
Read the full report: https://www.reportlinker.com/p05264964
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