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Pressure Sensor Market

Pressure Sensor Market

Pressure Sensor Market Growth to Spur on the Back of Application In Medical, Automobile, Consumer Electronics and Oil And Gas Sectors.

Pressure Sensor Market
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Market Snapshot

Global demand for pressure sensors is expected to expand drastically in 2021, according to Fact.MR, a market research and competitive intelligence provider.

The pressure sensor industry will regain momentum when the COVID-19-induced slowdown fades and manufacturers emerge from their long slumber.

The pressure sensor industry analysis report includes historical data from 2016 to 2020, as well as forecasts for 2021 to 2031.

Key Developments by Pressure Sensor Manufacturers

Honeywell International, a prominent industrial goods manufacturer, offers board mount and industrial pressure sensors. Tailored to meet precise specifications for stronger performance, longer productivity, and increased safety, these pressure sensors guarantee enhanced accuracy and durability while improving output and endurance.

Potential applications include medical, HVAC, data storage, industrial machinery, pumps, and robotics. Some of its products include the 24PC Flow-Through Series, 24PC Series, 26PC Flow-Through Series and the 13mm Series to name a few.

Likewise, FUTEK Advanced Sensor Technology (FUTEK), a prominent sensor manufacturer, has developed the latest pressure transducers in the United States, leveraging one of the most advanced technologies in the sensor industry: metal foil strain gauge technology.

TTI's current pressure sensor product portfolio provides design engineers with a diverse range of pressure sensing technologies from the world's leading sensor companies. Its technology platform makes it easier for customers to choose the proper pressure sensor for their needs.

From very low-pressure board mount pressure sensors to extremely high pressure-packed pressure transducers/transmitters, TTI's pressure sensor line includes fundamental technologies to meet any market requirement.

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Introduction: Market Overview

Pressure sensors are widely used to control and monitor applications. A pressure sensor measures, detects, and transmits information, which helps in inspecting the performance of a device.

With the help of IC fabrication technology, pressure sensors measure various types of pressures such as vacuum, gauge, differential, and absolute pressure, and control and monitor the pressure of liquids and gases.

These generally act as transducers generating electric signal due to applied pressure. Demand for cost-efficient, reliable, and high-performance sensors has increased due to higher spending on research and development activities by market players.

Also, government regulations mandating use of pressure sensors in industries has strengthened the growth of the pressure sensor market, and is expected to increase during the forecast period.

Pressure sensors are used in various applications in the medical, automobile, consumer electronics, and oil and gas sectors.

Market Dynamics

The global pressure sensor market is mainly driven by the rising need for automation in industries. Advancements in MEMS (Micro Electromechanical Systems) and their rapid adoption in the semiconductor industry are yielding immense opportunities to the market for pressure sensors.

Growing demand from automotive industries, and rising adoption of pressure sensors in consumer goods and wearables is further fueling demand for pressure sensors. Hence, there is a rise in demand for automotive pressure sensors.

Pressure sensors are being widely deployed across medical devices for measuring barometric pressure, ex vivo blood pressure, in vivo blood pressure, and intraocular pressure (IOP).

In addition, the increasing demand for consumer electronic applications such as laptops and cellular phones is expected to drive the market over the forecast period.

Developments in the pressure sensor market ecosystem through inorganic and organic growth strategies, such as mergers and acquisitions, product developments, partnerships, and collaborations, further drive the growth of this market.

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Prominent Players Offering Pressure Sensors

Prominent players in the global pressure sensor market are as follows:

  • ABB
  • General Electric
  • Emerson Electric
  • Honeywell
  • NXP Semiconductors
  • Infineon Technologies
  • Siemens
  • STMicroelectronics
  • Continental
  • SSI Technologies
  • Delphi
  • Robert Bosch
  • Endress+Hauser Management AG

The research report presents a comprehensive assessment of the pressure sensor market, and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data.

 It also contains projections using a suitable set of assumptions and methodologies. The pressure sensor market report provides analysis and information according to market segments such as product type, technology, and application.

Report Covers Exhaustive Analysis On:

  • Market Segments in the Pressure Sensor Market
  • Market Dynamics
  • Market Size
  • Supply & Demand
  • Current Trends/Issues/Challenges
  • Competition & Companies Involved
  • Technology in the Pressure Sensor Market
  • Value Chain of the Pressure Sensor Market

An Adaptive Approach to Modern-day Research Needs

Regional Analysis Includes:

  • North America (U.S., Canada)
  • Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
  • Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Eastern Europe)
  • East Asia (Japan, China, South Korea)
  • South Asia (India, Thailand, Malaysia, Indonesia, Philippines, Rest of South Asia)
  • Oceania (Australia, New Zealand)
  • Middle East and Africa (GCC Countries, South Africa, Turkey, Iran, Israel)

The pressure sensor market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain.

The pressure sensor market report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors, along with market attractiveness as per segment. The pressure sensor market report also maps the qualitative impact of various market factors on market segments and geographies.

Report Highlights:

  • A Detailed overview of the parent market
  • Changing market dynamics in the industry
  • In-depth market segmentation
  • Historical, current, and projected market size in terms of volume and value
  • Recent industry trends and developments
  • Competitive landscape
  • Strategies of key players and products offered
  • Potential and niche segments, geographical regions exhibiting promising growth
  • A neutral perspective on market performance
  • Must-have information for market players to sustain and enhance their market footprint

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Segmentation

The global pressure sensor market is segmented on the basis of product type, technology, and application.

  • Based on product type, the global pressure sensor market is segmented as:

    • Absolute
    • Vacuum
    • Differential
    • Sealed
    • Gauge
  • Based on technology, the global pressure sensor market is segmented as:

    • Piezoresistive
    • Capacitive
    • Optical
    • Resonant
    • Electromagnetic
    • Others
  • Based on application, the global pressure sensor market is segmented as:

    • Oil & Gas
    • Automotive
    • Medical
    • Aviation
    • Consumer Electronics
    • Industrial
    • Utilities
    • Marine

NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company.

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Is the market research conducted by Fact.MR?

Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.

What research methodology is followed by Fact.MR?

Fact.MR follows a methodology that encompasses the demand-side assessment of the market, and triangulates the same through a supply-side analysis. This methodology is based on the use of standard market structure, methods, and definitions.

What are the sources of secondary research?

Fact.MR conducts extensive secondary research through proprietary databases, paid databases, and information available in the public domain. We refer to industry associations, company press releases, annual reports, investor presentations, and research papers. More information about desk research is available upon request.

Who are the respondents for primary research?

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