Global
pressure sensors market was valued at USD 6.53 billion in 2013,
growing at a CAGR of 6.2% from 2014 to 2020 to account for USD 9.36
billion in 2020.
The
pressure sensors market is primarily driven by growing demand from
the automotive sector. With the increase in production of motor
vehicles across the globe, the demand for automotive pressure sensors
has grown substantially. In addition, government regulations
mandating the use of pressure sensors in automobiles have contributed
to the growth in demand for pressure sensors worldwide. With the
adoption of technologies, such as Microelectromechanical systems
(MEMS), the demand for pressure sensor has augmented to a large
extent. The development of smart city infrastructures in the Middle
East and Asia Pacific region is also influencing the overall growth
of pressure sensors market.
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the full Pressure Sensors Market Report at
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Piezoresistive
pressure sensors held the largest market revenue share accounting to
USD 1.82 billion in 2014 and are expected to remain so during the
forecast period. Demand for piezoresistive pressure sensors is
attributed to their wide range of applications in automotive and
medical sectors. Growing automobile production and rapid
industrialization in the emerging economies of Asia-Pacific is also
expected to drive the growth in pressure sensors market over the
forecast period from 2014 to 2020.
The
automotive segment led the pressure sensors market in 2014 accounting
for USD 1.69 billion. The dominance of this segment is due to the
rise in production of motor vehicles across the globe which has
increased by 3.7% in 2013 as compared to the previous year. Consumer
electronics is analyzed to be the fastest growing application segment
for pressure sensors and is expected to attain a significant growth
in the recent future. Consumer electronics segment is expected to
grow at a CAGR of 6.9% over the forecast period from 2014 to 2020.
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Geographically,
Asia Pacific led the pressure sensors market in 2014 and the region
is expected to continue its dominance over the forecast period. The
region's dominance is due to increasing production of motor vehicles
in countries such as Japan, South Korea, China, and India. Moreover,
rapid level of industrialization in this region is also contributing
to the growth of pressure sensors market. North America and Europe
followed Asia Pacific in the global pressure sensors market and
collectively accounted for more than half of the global market
revenue share.
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Press Release of Global Pressure Sensors Market at @
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The
report provides company market share analysis of the various industry
participants. Key players have also been profiled on the basis of
company overview, financial overview, business strategies, SWOT
analysis, and recent developments in the field of pressure sensors.
Major market participants profiled in this report include ABB Ltd,
Analog Devices Inc., Delphi Automotive PLC, Emerson Process
Management, Freescale Semiconductor Ltd., Honeywell International
Inc., Schneider Electric SE, Omron Corporation, Robert Bosch GmbH,
and STmicroelectronics N.V. among others.
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All PR:
http://www.transparencymarketresearch.com/press-releases.htm
Pressure
Sensors Market: By technology
Piezoresistive
Pressure Sensor
Electromagnetic
Pressure Sensor
Capacitive
Pressure Sensors
Resonant
Solid State Pressure Sensors
Optical
Pressure Sensors
Others
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All Articles:
http://www.transparencymarketresearch.com/articles.htm
Pressure
Sensors Market: By application
Automotive
Oil
and gas
Consumer
electronics
Medical
Industrial
Others
Pressure
Sensors Market: By geography
North
America
Europe
Asia
Pacific
Rest
of the World
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