|[August 22, 2014]
Research and Markets: Pressure Sensors Market - Global Industry Analysis Report 2014 - 2020
DUBLIN --(Business Wire)--
Research and Markets (http://www.researchandmarkets.com/research/xn59xv/pressure_sensors)
has announced the addition of the "Pressure
Sensors Market - Global Industry Analysis, Size, Share, Growth, Trends
and Forecast, 2014 - 2020" report to their offering.
Global pressure sensors market was valued at USD 6.53 billion in
2014, growing at a CAGR of 6.2% from 2014 to 2020
Pressure sensors are typically used for measuring pressure of gas or
liquids. These sensors usually act as a transducer and generate
electrical signals as a function of the pressure imposed on them. With
technological advancements in several industry verticals such as
automotive, healthcare, and oil and gas, the applications and
functionalities of pressure sensors is evolving continuously. Modern day
pressure sensors utilize digital technology for providing better sensing
performance and efficiency.
Geographically, Asia Pacific led the pressure sensors market in 2014 and
the region is expected to continue its dominance in 2020. The region's
dominance is due to increasing production of motor vhicles 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 collectively account for more than
half of the global market revenue share.
The pressure sensors market is segmented on the basis of sensor
technology into piezoresistive pressure sensors, electromagnetic
pressure sensors, capacitive pressure sensors, resonant solid state
pressure sensors, optical pressure sensors and others. Demand for
piezoresistive pressure sensors is attributed to their wide range of
applications in automotive and medical sectors. Piezoresistive pressure
sensors segment is closely followed by electromagnetic and capacitive
The pressure sensors market is further segmented by applications into
automotive, oil and gas, consumer electronics, medical, industrial and
others. Automotive applications of pressure sensors held the largest
revenue share in 2013. With the increase in production of motor vehicles
across the globe, the demand for automotive pressure sensors has grown
substantially. 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.
Pressure Sensors Market: By technology
Piezoresistive Pressure Sensor
Electromagnetic Pressure Sensor
Capacitive Pressure Sensors
Resonant Solid State Pressure Sensors
Optical Pressure Sensors
Pressure Sensors Market: By application
Oil and gas
Analog Devices, Inc.
Delphi (News - Alert) Automotive PLC
Emerson Process Management
Freescale Semiconductor, Inc.
Honeywell International Inc.
Robert Bosch GmbH
Schneider Electric (News - Alert) S.E.
For more information visit http://www.researchandmarkets.com/research/xn59xv/pressure_sensors
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