Pressure Sensor Market Report: Trends, Forecast and Competitive Analysis


Posted August 13, 2020 by aswanijaiswal

Trends, opportunities and forecast in this market to 2025 by technology , by end use industry, and by region (North America, Europe, Asia Pacific, and the Rest of the World)

 
According to a new market report published by Lucintel, the future of the global pressure sensor market looks attractive with opportunities in the industrial, healthcare, consumer electronics, and automotive industries. The global pressure 8sensor market is expected to decline in 2020 due to global economic recession led by COVID-19. However, market will witness recovery in the year 2021 and it is expected to reach an estimated $16.5 billion by 2025 with a CAGR of 6% to 8% from 2020 to 2025. The major growth drivers for this market are stringent government regulations for safety in the automotive industry, growth in consumer electronics, and increasing demand for microelectromechanical systems (MEMS) technology.

Browse 67 market data Tables and 86 Figures spread through 167 Pages and in-depth TOC on “Pressure Sensor Market – Global Forecast to 2025” http://www.lucintel.com/pressure-sensor-market-2020-2025.aspx

Early buyers will receive 10% customization on this report

In this market, piezoresistive, electromagnetic, resonant solid state, capacitive, and optical pressure technologies are used in the various end use industries. Lucintel forecasts that piezoresistive technology will remain the largest technology type due to increasing demand in aerospace and automotive industries. The optical technology is expected to witness the highest growth in the forecast period due to its increasing penetration in medical electronics and automotive applications

The electronics industry is expected to grow with the highest CAGR during the forecast period

Within the pressure sensor market, the automotive industry will remain the largest end use segment due to increasing usage of pressure sensors in the tire pressure monitoring, electronic stability controls, engine controls, and side airbags. Lucintel predicts that the electronics industry is likely to experience the highest growth over the forecast period due to growth in smartphones, tablets, household appliances, and wearable devices.

Download PDF Brochure @ http://www.lucintel.com/rb/pressure-sensor-market-2020-2025.aspx

Asia Pacific is expected to remain the largest market and will experience the highest growth over the forecast period supported by increasing automotive production and growing consumer electronics industry. Growing industrialization and increasing use of automation systems in China, India, and other countries are also driving the growth for pressure sensors in this region.

Emerging trends, which have a direct impact on the dynamics of the industry, include development of implantable pressure transduction system and the development of nanoelectromechanical system (NEMS) pressure sensor. ABB, Emerson Electric Co, Analog Devices., Denso Corporation, and Robert Bosch are among the major suppliers of pressure sensors.

The study includes a forecast for the global pressure sensor market by technology, end use industry, and region as follows:

By Technology [$M shipment analysis from 2014 to 2025]:
PiezoresistiveElectromagneticResonant Solid StateCapacitiveOpticalOthers
By End Use Industry [$M shipment analysis from 2014 to 2025]:
Automotive Industrial Healthcare Electronics Others
By Region [$M shipment analysis for 2014 – 2025]:
North AmericaUnited StatesCanadaMexicoEuropeUnited KingdomGermanyFranceAsia PacificJapanChinaSouth KoreaIndiaThe Rest of the World
Request Free Sample @ http://www.lucintel.com/ds/pressure-sensor-market-2020-2025.aspx

This 167-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link http://www.lucintel.com/toc/pressure-sensor-market-2020-2025.aspx or [email protected]

About Lucintel

Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services for executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com

Current Press Releases of Lucintel http://www.lucintel.com/press-release.aspx
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Categories Semiconductors , Technology , Telecom
Tags pressure sensor market
Last Updated August 13, 2020