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Pressure Sensor Market Industry trends,Estimation & Forecast 2016-2024

Press Release   •   Jan 01, 2018 11:50 IST

Pressure Sensor Market by Type Piezoresistive, Electromagnetic, Capacitive, Resonant, solid state, Optical, Others and By Application Automotive, Oil & Gas, Consumer electronics, Medical, Industrial, Others, Industry trends, Estimation & Forecast, 2016 2024

The Pressure Sensor Market generated a revenue of $7.21 billion in 2016 and is expected to reach $12.07 billion by 2024, growing with a CAGR of 6.7% during the forecast period of 2017-2024. The Piezoresistive sensor market garnered the highest revenue share in the global pressure sensor market.

Pressure sensors are those devices which are used for sensing the pressure and converting it into analog signals. Pressure sensing devices have a wide application in industries such as automotive, health, oil & gas, medical and consumer electronics. Some major technologies used in the pressure sensors are piezoresistive, electromagnetic, resonant solid state and optical.

Market Segmentation

The global pressure sensor market is segmented on the basis of type, application and geography. By type, the market is segmented into piezoresistive sensors, electromagnetic sensors, capacitive sensors, resonant solid state sensors, optical sensors and other sensors. By application, the market is categorized as automotive, Oil & Gas, consumer electronics, medical, industrial and others. Geographically, the market is bifurcated as North America, Europe, AsiaPacific and Rest of World. Piezoresistive sensors dominated the global pressure sensor market in 2016, however the fastest growing market segment is expected to be of optical sensors. By geography, AsiaPacific region lead the pressure sensor market in 2016.

Some major market players of the pressure sensor market are Emerson Electric Co., ABB Ltd, Robert Bosch Gmbh, Analog Devices, Inc., Denso Corporation, Delph Automotive Plc, Honeywell International Inc., Schneider Electric, NXP Semiconductors N.V., Damco Corporation.

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GLOBAL PRESSURE SENSOR MARKET SEGMENTATION

By Type
• Piezoresistive sensors
• Electromagnetic sensors
• Capacitive sensors
• Resonant solid state sensors
• Optical sensors
• Other
By Application
• Automotive
• Oil & Gas
• Consumer electronics
• Medical
• Industrial
• Others
By Geography
• North America
• Europe
• AsiaPacific
• Rest of World.
KEY MARKET PLAYERS
• Emerson Electric Co.
• ABB Ltd.
• Robert Bosch GmbH
• Analog Devices Inc.
• Denso Corporation
• Delphi Automotive Plc.
• Honeywell International Inc.
• Schneider Electric
• NXP Semiconductors N.V.
• Damco Corporation

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