Pressure Sensor Market by Type (Piezo-resistive, Electromagnetic, Capacitive, Resonant, solid state, Optical, Others) and By Application (Automotive, Oil & Gas, Consumer electronics, Medical, Industrial ,Others), Industry Trends, Estimation & Forecast, 2016 - 2024

August 2017

 Pages: 110

 ERC 4519

The Pressure Sensor Market was valued at $7.21 billion in 2016 and is projected 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 generated the highest revenue share in the global pressure sensor market.

Pressure sensor is a device which is used to sense pressure and to convert it into an analog signal. These pressure sensor devices are used in various areas of application including automotive and health industries, oil and gas, consumer electronics, medical and industrial use. Some of the most popular technologies used in pressure sensors include piezoresistive, electromagnetic, resonant solid state, capacitive and optical among others.

Market Dynamics

The requirement for the pressure sensing devices have increased considerably over the years and is also expect to grow subsequently during the forecast period. This is a result of an increasing demand of pressure sensors in automotive manufacturing industry. Theses sensors also play a key role in reducing emissions and unnecessary fuel consumption and hence, reduce the air pollution. Pressure sensors are also deployed for dealing with various passenger safety concerns such as monitoring the tire pressure and advanced driver assistance. Pressure sensors are used to monitor engine oil, coolant pressure and to regulate the engine power in case of acceleration and braking. The demand for the cost efficient, reliable and high performance sensor market are also driving the market growth. There is increased use of pressure sensors in the goods and devices such as smart phones and watches, which in turn are assisting in the growth of the industry of the pressure sensor. An increased demand of pressure sensors in the medical, oil and gas, petrochemical and automotive industries is also a major driver of the pressure sensor market. However, high installation and replacement costs is a major restraining factor for the market growth.

Market Segmentation

The segmentation of the global pressure sensor market is done 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. On the basis of application the market is categorized as automotive, Oil & Gas, consumer electronics, medical, industrial and others. Geographically, the market is segmented as North America, Europe, Asia-Pacific and Rest of World. Piezoresistive sensors lead the global pressure sensor market in 2016, however the fastest growing market segment is expected to be of optical sensors. Geographically, Asia-Pacific region lead the pressure sensor market in 2016.

Some market players 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.

 Global Pressure Sensor Market Segmentation

By Type

  • Piezo-resistive 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
  • Asia-Pacific
  • 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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    What Information does this report contain?

    What was the market size of the Pressure Sensors Market in 2016 and the expected market size by 2024, along with the growth rate?
    • An in-depth analysis of the current impacting factors, opportunities and challenges/restraints in the market
    • Which are the largest revenue generating products, services or regions and their comparative growth rate?
    • Which technology is in trend and how would it evolve during the forecast period (2016 - 2024)?
    • Which are the leading companies in the Pressure Sensors Market and their competitive positioning on the basis of their market share, product portfolio, strategic attempts and business focus?

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