Global Pressure Sensors Market, By Sensor Type (Gauge Pressure Sensors, Absolute Pressure Sensors, Differential Pressure Sensors, Vacuum Pressure Sensors and Sealed Pressure Sensors), Technology (Piezoresistive, Optical, Resonant Solid State, Piezoelectric, Capacitive, Electromagnetic, Others), Type (Wired, Wireless), Application (Automotive On-vehicle, Medical Devices, HVAC, Process Controls, Test and Measurement, Others), End User (Automotive, Medical, Industrial, Utility, Aviation, Oil and gas, Marine, Consumer Electronics, Others), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028.
The pressure sensors market is expected to witness market growth at a rate of 8.5% in the forecast period of 2021 to 2028, and is estimated to reach the value of USD 26.56 billion by 2028. Data Bridge Market Research report on pressure sensors market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market’s growth. The increase in demand for the product for various industrial applications globally is escalating the growth of pressure sensors market.
The pressure sensors refer to the type of device that generally enables the measurement of liquid or gaseous pressure. Pressure sensors act as transducer within an electronic circuit and indicates the signal electronically when the pressure is being imposed from external phenomena within its range. These sensors are also called pressure transducer, pressure transmitter, manometer, pressure indicator, and piezometer.
The rise in demand for medical breathing appliances owing to the COVID-19 pandemic across the globe acts as one of the major factors driving the growth of pressure sensors market. The increase in use across industries for applications such as water purifiers, refrigeration systems, off-road constructions, alarm systems and medical breathing appliances, and high need of pressure sensors in household appliances such as refrigerators and washing machines accelerate the market growth. The rise in demand for the product in medical breathing appliances to measure the flow of oxygen and oxygen levels being delivered to the patient, and high adoption of the sensors as it provides feedbacks needed by the pump used to decrease the pressure in the compartment further influence the market. Additionally, rapid urbanization, use of pressure sensors in smartphones, increase in demand from automotive and medical industries and presence of stringent passenger safety regulations positively affect the pressure sensors market. Furthermore, adoption of Internet of Things (IoT) platforms and remote connectivity, and advancements in nanoelectromechanical system (NEMS) technology extend profitable opportunities to the market players in the forecast period of 2021 to 2028.
On the other hand, fluctuations in raw material prices and high regulatory barrier are expected to obstruct the market growth. Intense pricing pressure and mechanical shock and vibration loading are projected to challenge the pressure sensors market in the forecast period of 2021-2028.
This pressure sensors market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info pressure sensors market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Pressure Sensors Market Scope and Market Size
The pressure sensors market is segmented on the basis of sensor type, technology, type, application and end user. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of sensor type, the pressure sensors market is segmented into gauge pressure sensors, absolute pressure sensors, differential pressure sensors, vacuum pressure sensors and sealed pressure sensors.
- On the basis of technology, the pressure sensors market is segmented into piezoresistive, optical, resonant solid state, piezoelectric, capacitive, electromagnetic and others.
- On the basis of type, the pressure sensors market is segmented into wired and wireless.
- On the basis of application the pressure sensors market is segmented into automotive on-vehicle, medical devices, HVAC, process controls, test and measurement and others.
- On the basis of end user, the pressure sensors market is segmented into automotive, medical, industrial, utility, aviation, oil and gas, marine, consumer electronics and others.
Pressure Sensors Market Country Level Analysis
The pressure sensors market is analyzed and market size, volume information is provided by country, sensor type, technology, type, application and end user as referenced above.
The countries covered in the global pressure sensors market report are the U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific dominates the pressure sensors market due to the rise in demand for consumer electronics such as tablets, wearable devices, and smartphones within the region. North America is expected to witness fastest growth during the forecast period of 2021 to 2028 because of the high demand for pressure sensors in TPMS and EGR system applications in the automotive segment in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Swipe Sensors Market Share Analysis
The pressure sensors market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to pressure sensors market.
The major players covered in the pressure sensors market report are Fuji Electric Co., Omron Corporation, Broadcom, Panasonic, Infineon Technologies AG, Honeywell International Inc., Siemens, Hitachi automotive system Ltd., Emerson Electric Co., ABB, NXP Semiconductors, STMicroelectronics, Sensata Technologies, Inc., Robert Bosch GmbH, TE Connectivity, Oxensis, Schneider Electric SE, and Baumer, among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.