COVID19:Pressure Sensor Market is projected to reach a value of over USD 25.7

PRESSURE SENSOR MARKET: Summary

The Global Pressure Sensor Market is projected to reach a value of over USD 25.7 billion by 2027 at a CAGR of around 5.6%.

A sensor is a device that measures a physical quantity such as temperature, length, force, and presssure and converted into an electrical or optical signal. A pressure sensor is an instrument which consists of pressure sensitive element to determine the actual pressure applied to the sensor and some parts to convert the information into output data. These sensors uses IC fabrication technology made up on silicon wafer to measure different types of pressures such as absolute, gauge, absolute, and differential pressures. ABB, Honeywell International Inc., Emerson Electric Co., and Omega Engineering are some of the key players in the pressure sensor market.

PRESSURE SENSOR MARKET: Drivers & opportunites

Market Driver:

• Rising Demand for Pressure Sensors in Automotive and Medical Applications

Increasing medical and automotive applications are expected to drive the pressure sensor market during the forecast period. Most of the critical systems rely on pressure sensors to monitor and measure key parameters to reduce the fuel consumption and improve the driver’s experience. Increasing need for detecting early faults in hydraulic brakes, optimising the fuel mix to match the air pressure, monitoring exhaust recirculation, checking the pressure of critical fluids, and activating airbags faster is expected to boost the pressure sensor market in automotive industry. In medical applications, the need of pressure sensors is to monitor non-invansive and invansive blood pressure, observing fetal heart rate, wound management, patient monitoring system, hospital beds, and dialysis systems among others.

Therefore, pressure sensors play a vital role in automotive and medical applications to fulfil various end-user demands.

Request Free Sample of Global Pressure Sensor Market @

https://www.forencisresearch.com/Pressure Sensor-market-sample-pdf/

• Advancement in Microelectromechanical Systems (MEMS)

MEMS technology uses microminiature sensors and actuators which provides small size, less weight, high performance, low cost, and easy mass-production. New advances in MEMS technology and ASIC has lead to higher accuracy, better resolution, lower energy consumption, and smaller size. These improvements enables wide range of applications in addition to conventional altimeter applications. In recent years, MEMS led the development of miniature sensors such as gyrometer, accelerometer, and pressure devices. Hence advancement in MEMS is expected to drive the pressure sensor market during the forecasts period.

Market Opportunities:

• Growing Awareness About Nano Electro- Mechanical systems (NEMs) Technology

MEMS technology is currently dominating the market but, sensor market cannot ignore the benefits of NEMS. NEMS will become a disruptive technology as this technology offers low power consumption, faster response, and multi-variable output such as temperature, acoustic, and pressure. As compared with MEMS, NEMS combines smaller mass with higher surface area to volume ratioand hence it is also use for ultrasensitive sensors and high frequency reasonator applications. Currently, some leading universities and research organizations are investing heaviliy in NEMS technology to develop the automation process and operating tool for helping in mass production process of NEMS devices. This investment will help many industrial verticals such as medical, automotive, and HVAC to reduced the operating cost and increase the operational efficiency. Hence growing awareness of NEMS technology will become an opportunity for pressure sensor market during forecast period.

PRESSURE SENSOR market: Key segments

• Based on type: Aneroid Barometer Sensors, Manometer Sensors, Bourdon Tube Pressure Sensors, Vacuum Pressure Sensors, Sealed Pressure Sensors, and Others
• Based on technology: Inductive Pressure Sensors, Potentiometric Pressure Sensors, Capacitive Pressure Sensors, Piezoelectric Pressure Sensors, Piezoresistive Pressure Sensors, Variable Reluctance Pressure Sensors, Optical Pressure Sensors, and Others
• Based on function: Pressure Sensing, Flow Sensing, Altitude Sensing, and Depth Sensing
• Based on end-user industry: Manufacturing, Aerospace & Defense, Healthcare, Oil & Gas, Marine, Consumer Electronics, and Others
• Segmentation based on region covers: North America, Europe, Asia-Pacific, Middle East & Africa and South America, with individual country-level analysis.

Consult with Analyst of Global Pressure Sensor Market @

https://www.forencisresearch.com/pressure-sensor-market-consult-with-an-analyst/

PRESSURE SENSOR MARKET: Report SCOPE

The report on the pressure sensor market covers a deep dive analysis of historic, recent and current market trends. Furthermore, market share/ranking analysis of key players, market dynamics, competition landscape, country-wise analysis for each region covered and the entire supply chain dynamics are covered through the below segmentation.

Report Features

Specifics

Historical/Estimated/Forecasted Market Size Years

2018–2027

Base Year for Market Calculation

2019

Forecasted Period

2020–2027 (2020 estimated year, forecasted up to 2027)

Measured Units

Value (USD Million) Volume (Units)

Segments Included

Type, Technology, Function, End User Industry

Regional Coverage

North America, Asia-Pacific, Europe, Middle East & Africa, South America

KEY Companies Covered

• ABB (Company Description, Company Overview, Product Synopsis, Key Developments, SWOT Analysis)
• NXP Semiconductors
• HONEYWELL INTERNATIONAL INC.
• Infineon Technologies AG
• Emerson Electric Co.
• STMicroelectronics
• Robert Bosch GmbH
• Sensata Technologies, Inc.
• BD|SENSORS GmbH
• Omega Engineering Inc.
• Other Key Companies
• First Sensor AG
• Crane Aerospace & Electronics
• MICRO SENSOR CO., LTD.
• HBM

Request for Methodology of Global Pressure Sensor Market @

https://www.forencisresearch.com/pressure-sensor-market-request-methodology/

PRESSURE SENSOR MARKET: report segmentation

For the scope of the report, In-depth segmentation is offered by Forencis Research

Pressure Sensor Market, by Type

• Aneroid Barometer Sensors
• Manometer Sensors
• Bourdon Tube Pressure Sensors
• Vacuum Pressure Sensors
• Sealed Pressure Sensors
• Others

Pressure Sensor Market, by Technology

• Inductive Pressure Sensors
• Potentiometric Pressure Sensors
• Capacitive Pressure Sensors
• Piezoelectric Pressure Sensors
• Piezoresistive Pressure Sensors
• Variable Reluctance Pressure Sensors
• Optical Pressure Sensors
• Others
• Thermal Pressure Sensors
• Resonant Solid-State Pressure Sensors
• Strain Gauge Pressure Sensors

Pressure Sensor Market, by Function

• Pressure Sensing
• Flow Sensing
• Altitude Sensing
• Depth Sensing

Pressure Sensor Market, by End User

• Manufacturing
• Aerospace & Defense
• Healthcare
• Oil & Gas
• Marine
• Consumer Electronics
• Others

Pressure Sensor Market, by Region

• North America
• US
• Canada
• Mexico
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Taiwan
• Rest of Asia-Pacific
• Europe
• Germany
• UK
• France
• Italy
• Rest of Europe
• Middle East & Africa
• Saudi Arabia
• UAE
• Rest of Middle East & Africa
• South America
• Brazil
• Argentina
• Rest of South America

Purchase Global Pressure Sensor Market Premium Industry Research Report with Analysis @ https://www.forencisresearch.com/pressure-sensor-market-purchase-now/

Table of Content

1 Introduction

2 Research Design & Scope

3 Executive Summary

4 Market Dynamics

5 Industry Trends — Porters Five Forces Analysis

6 Global Pressure Sensor Market By Type, Market Size In Usd Million And Units (2019–2027)

7 Global Pressure Sensor Market By Technology, Market Size In Usd Million And Units (2019–2027)

8 Global Pressure Sensor Market By Function, Market Size In Usd Million And Units (2019–2027)

9 Global Pressure Sensor Market By End-User Industry, Market Size In Usd Million And Units (2019–2027)

10 Competitive Landscape

11 Company Profiles

12 Appendix

About Forencis Research

Forencis Research is a B2B market research, intelligence and advisory firm engaging in market research and consulting services across leading industries, globally. Our robust and meticulous research team provides high growth and niche syndicated reports, customized reports and consulting reports to the diverse global fortune clientele and intellectual institutions. Forencis Research database is a constantly evolving pool of reports and white paper studies which helps companies to foster accelerated revenue growth in global and regional markets. Forencis Research delivers market research and consulting reports on high growth markets to help companies dominate their competition and set themselves apart by attaining increased revenue growth. To enable exclusive insights around the target market, Forencis Research employs robust research Methodology & Design which includes data acquisition, data synthesis and data correlation, through Primary and Secondary Research. Through the obtained data, Top-down and bottom-up methods are exercised to attain and verify data sanity within the entire market. This market data is yet again correlated with Forencis Research’s internal database before presenting it in any of our final publications. These methods of data correlation and amalgamation benefit us to put forward accurate market estimates enabling our clients to transform their business, markets and most importantly their “REVENUES”.

Contact Us

FORENCIS RESEARCH

Phone: +1 (720) 306 9020

Email: info@forencisresearch.com

For more market research insights, please visit https://www.forencisresearch.com