Pressure Sensor Market is expected to grow from US$ 14.78 Billion in 2021 to US$ 29.18 Billion by 2029, at a CAGR of 8.87 % between 2022 and 2029. The report has covered the market trends from 2021 to forecast the market through 2029. 2021 is considered a base year. Special attention is given to 2021 and effect of lockdown on the demand and supply, and also the impact of lockdown for next two years on the market. Some companies have done well in lockdown also and specific strategic analysis of those companies is done in the report. To know about the Research Methodology :- Request Free Sample Report
COVID-19 impact on market:COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma.
Pressure Sensor Market Dynamics:Growing adoption of MEMS-based & micromachine pressure sensors, legislation of stringent safety & industrial pressure sensing standards, growing demand for piezoresistive sensors in the medical and automotive sectors, advancements in nanotechnology & expanding ICT technology applications, preference for capacitive sensors in oil & gas and petrochemical industries, increasing adoption of pressure sensors in consumer goods and wearables are the major driving factors for the growth of pressure sensor market. However, high costs associated with pressure sensors is the major restraining factor for the market growth.
Pressure Sensor Market Segment Analysis:By Application, Automotive segment accounted for the largest share of the overall pressure-sensing market in 2016. Pressure sensors are majorly used in cars in automatic transmission, tire pressure monitoring, and engine management applications. Pressure sensors are commonly used in lightweight vehicles to ensure smooth engine functioning and safety. The significant increase in sales of cars in APAC countries such as India and China is one of the key contributing factors for the market growth By technology segment, optical technology is anticipated to witness higher growth rate during the forecast period owing to its rising adoption and environmental advantageous features over other technologies. Optical technology ensures disturbance-free operation in electromagnetic interference environment owing to its immunity to interference. These sensors are also found useful in chemical or explosive material applications further driving the growth of optical technology based pressure sensors market By Product Type, Differential pressure sensors to witness higher CAGR during the forecast period. With the use of differential pressure sensors, it is possible to differentiate between two pressure sources through two ports, which allows users to offer required pressure inputs to the device for measuring the readings thus driving the growth of pressure sensor market in this segment
Pressure Sensor Market, Key Highlights:• Analyzes competitive developments such as contracts, joint ventures, mergers & acquisitions, collaborations, product launches & developments, and research and development (R&D) in the Pressure Sensor Market • The objective of the report is to provide a detailed analysis of the Pressure Sensor Market on the basis of product type, technology, application, and geography • Complete quantitative analysis of the industry from 2022 to 2029 to enable the stakeholders to capitalize on the prevailing market opportunities • In-depth analysis of the industry on the basis of market segments, market dynamics, market size, competition & companies involved value chain • Analysis of the Pressure Sensor Market with respect to individual growth trends, prospects, and contribution to the total market • Segment wise business performance detailed in a report will be worthwhile for the organizations willing to enhance its business • Provides detailed information regarding the major factors influencing the growth of the Pressure Sensor Market (drivers, restraints, opportunities, and challenges) • This report would help stakeholders understand their competitors better and gain more insights to enhance their position in the business
Pressure Sensor Market, Research MethodologyThe market is estimated by triangulation of data points obtained from various sources and feeding them into a simulation model created individually for each market. The data points are obtained from paid and unpaid sources along with paid primary interviews with key opinion leaders (KOLs) in the market. KOLs from both, demand and supply side were considered while conducting interviews to get unbiased idea of the market. This exercise was done at country level to get fair idea of the market in countries considered for this study. Later this country specific data was accumulated to come up with regional numbers and then arrive at global market value for Pressure Sensor Market
Pressure Sensor Market, Key Target Audience:• Electronic design automation (EDA) and design tool vendors • Raw material and manufacturing equipment suppliers • Integrated device manufacturers (IDMs) • Original design manufacturers (ODMs) • End-users/enterprise-users • Research institutes and organizations • Government bodies, venture capitalists, and private equity firms • Market research and consulting firms • Enterprise data center professionals
Pressure Sensor Market Regional Analysis:Among geographical regions, APAC is anticipated to grow at the highest CAGR of 9.6% and is expected to hold the largest share of the overall pressure sensor market. Rising investments in new manufacturing plants establishment, plant capacity expansions, replacement and upgrade of plant equipment would rise sales of industrial and automotive sensors further driving the overall pressure sensor market in this region Research report categorizes the Pressure Sensor Market based on product type, technology, application, and geography (region wise). Market size by value is estimated and forecasted with the revenues of leading companies operating in the Pressure Sensor Market with key developments in companies and market trends.
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Global Pressure Sensor Market Report Coverage Details Base Year: 2021 Forecast Period: 2022-2029 Historical Data: 2017 to 2021 Market Size in 2021: US $ 14.78 Bn. Forecast Period 2022 to 2029 CAGR: 8.87% Market Size in 2029: US $ 29.18 Bn. Segments Covered: by Product Type • Gauge Pressure Sensors • Vacuum Pressure Sensors • Differential Pressure Sensors • Absolute Pressure Sensors • Sealed Pressure Sensors by Technology • Piezoresistive Pressure Sensors • Electromagnetic Pressure Sensors • Optical Pressure Sensors • Capacitive Pressure Sensors • Resonant Solid State Pressure Sensors by Application • Oil & Gas • Automotive • Medical • Aviation • Consumer Electronics • Industrial • Utilities • Marine
by Region:• North America • Europe • Asia Pacific • Middle East & Africa • Latin America
Key Players:• ABB • General Electric • Emerson Electric • Honeywell • NXP Semiconductors • Infineon Technologies • Siemens • ST Microelectronics • Continental • Denso • Delphi • Te Connectivity • Sensata Technologies Frequently Asked Questions: 1. Which region has the largest share in Global Pressure Sensor Market? Ans: North America region holds the highest share in 2021. 2. What is the growth rate of Global Pressure Sensor Market? Ans: The Global Pressure Sensor Market is growing at a CAGR of 8.87% during forecasting period 2022-2029. 3. What is scope of the Global Pressure Sensor market report? Ans: Global Pressure Sensor Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Pressure Sensor market? Ans: The important key players in the Global Pressure Sensor Market are – ABB, General Electric, Emerson Electric, Honeywell, NXP Semiconductors, Infineon Technologies, Siemens, ST Microelectronics, Continental, Denso, Delphi, Te Connectivity and Sensata Technologies 5. What is the study period of this market? Ans: The Global Pressure Sensor Market is studied from 2021 to 2029.
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Pressure Sensor Market1. EXECUTIVE SUMMARY 2. RESEARCH METHODOLOGY 2.1. Market Definition 2.2. Market Scope 2.3. Data Sources 3. MARKET DYNAMICS 3.1. Market Drivers 3.2. Market Restraints 3.3. Market Opportunities 4. END-USER OVERVIEW 4.1. Value Chain Analysis 4.2. Key Trends 5. PRESSURE SENSOR MARKET, BY PRODUCT TYPE (2020-2027) 5.1. Introduction 5.2. Gauge Pressure Sensors 5.2.1. Gauge Pressure Sensors Market Overview 5.2.2. Gauge Pressure Sensors Market Size & Forecast 5.3. Vacuum Pressure Sensors 5.3.1. Vacuum Pressure Sensors Market Overview 5.3.2. Vacuum Pressure Sensors Market Size & Forecast 5.4. Differential Pressure Sensors 5.4.1. Differential Pressure Sensors Market Overview 5.4.2. Differential Pressure Sensors Market Size & Forecast 5.5. Absolute Pressure Sensors 5.5.1. Absolute Pressure Sensors Market Overview 5.5.2. Absolute Pressure Sensors Market Size & Forecast 5.6. Sealed Pressure Sensors 5.6.1. Sealed Pressure Sensors Market Overview 5.6.2. Sealed Pressure Sensors Market Size & Forecast 6. PRESSURE SENSOR MARKET, BY TECHNOLOGY (2020-2027) 6.1. Introduction 6.2. Piezoresistive Pressure Sensors 6.2.1. Piezoresistive Pressure Sensors Market Overview 6.2.2. Piezoresistive Pressure Sensors Market Size & Forecast 6.3. Electromagnetic Pressure Sensors 6.3.1. Electromagnetic Pressure Sensors Market Overview 6.3.2. Electromagnetic Pressure Sensors Market Size & Forecast 6.4. Optical Pressure Sensors 6.4.1. Optical Pressure Sensors Market Overview 6.4.2. Optical Pressure Sensors Market Size & Forecast 6.5. Capacitive Pressure Sensors 6.5.1. Capacitive Pressure Sensors Market Overview 6.5.2. Capacitive Pressure Sensors Market Size & Forecast 6.6. Resonant Solid State Pressure Sensors 6.6.1. Resonant Solid State Pressure Sensors Market Overview 6.6.2. Resonant Solid State Pressure Sensors Market Size & Forecast 7. PRESSURE SENSOR MARKET, BY APPLICATION (2020-2027) 7.1. Introduction 7.2. Oil & Gas Pressure Sensor 7.2.1. Oil & Gas Pressure Sensor Market Overview 7.2.2. Oil & Gas Pressure Sensor Market Size & Forecast 7.3. Automotive Pressure Sensor 7.3.1. Automotive Pressure Sensor Market Overview 7.3.2. Automotive Pressure Sensor Market Size & Forecast 7.4. Medical Pressure Sensor 7.4.1. Medical Pressure Sensor Market Overview 7.4.2. Medical Pressure Sensor Market Size & Forecast 7.5. Aviation Pressure Sensor 7.5.1. Aviation Pressure Sensor Market Overview 7.5.2. Aviation Pressure Sensor Market Size & Forecast 7.6. Consumer Electronics Pressure Sensor 7.6.1. Consumer Electronics Pressure Sensor Market Overview 7.6.2. Consumer Electronics Pressure Sensor Market Size & Forecast 7.7. Industrial Pressure Sensor 7.7.1. Industrial Pressure Sensor Market Overview 7.7.2. Industrial Pressure Sensor Market Size & Forecast 7.8. Utilities Pressure Sensor 7.8.1. Utilities Pressure Sensor Market Overview 7.8.2. Utilities Pressure Sensor Market Size & Forecast 7.9. Marine Pressure Sensor 7.9.1. Marine Pressure Sensor Market Overview 7.9.2. Marine Pressure Sensor Market Size & Forecast 8. PRESSURE SENSOR MARKET, BY GEOGRAPHY (2020-2027) 8.1. North America Pressure Sensor Market 8.1.1. North America Pressure Sensor Market, by Product Type 8.1.2. North America Pressure Sensor Market, by Technology 8.1.3. North America Pressure Sensor Market, by Application 8.1.4. North America Pressure Sensor Market, by Region 126.96.36.199. U.S. Pressure Sensor Market 188.8.131.52. Canada Pressure Sensor Market 8.2. Europe Pressure Sensor Market 8.2.1. Europe Pressure Sensor Market, by Product Type 8.2.2. Europe Pressure Sensor Market, by Technology 8.2.3. Europe Pressure Sensor Market, by Application 8.2.4. Europe Pressure Sensor Market, by Region 184.108.40.206. France Pressure Sensor Market 220.127.116.11. Germany Pressure Sensor Market 18.104.22.168. U.K .Pressure Sensor Market 22.214.171.124. Rest of Europe Pressure Sensor Market 8.3. Asia Pacific Pressure Sensor Market 8.3.1. Asia-Pacific Pressure Sensor Market, by Product Type 8.3.2. Asia-Pacific Pressure Sensor Market, by Technology 8.3.3. Asia-Pacific Pressure Sensor Market, by Application 8.3.4. Asia-Pacific Pressure Sensor Market, by Region 126.96.36.199. China Pressure Sensor Market 188.8.131.52. Japan Pressure Sensor Market 184.108.40.206. India Pressure Sensor Market 220.127.116.11. Australia Pressure Sensor Market 18.104.22.168. South Korea Pressure Sensor Market 22.214.171.124. Rest of Asia Pacific Pressure Sensor Market 8.4. Middle East & Africa Pressure Sensor Market 8.4.1. Middle East & Africa Pressure Sensor Market, by Product Type 8.4.2. Middle East & Africa Pressure Sensor Market, by Technology 8.4.3. Middle East & Africa Pressure Sensor Market, by Application 8.4.4. Middle East & Africa Pressure Sensor Market, by Region 126.96.36.199. South Africa Pressure Sensor Market 188.8.131.52. Egypt Pressure Sensor Market 184.108.40.206. Nigeria Pressure Sensor Market 220.127.116.11. Rest of Middle East & Africa Pressure Sensor Market 8.5. Latin America Pressure Sensor Market 8.5.1. Latin America Pressure Sensor Market, by Product Type 8.5.2. Latin America Pressure Sensor Market, by Technology 8.5.3. Latin America Pressure Sensor Market, by Application 8.5.4. Latin America Pressure Sensor Market, by Region 18.104.22.168. Brazil Pressure Sensor Market 22.214.171.124. Argentina Pressure Sensor Market 126.96.36.199. Columbia Pressure Sensor Market 188.8.131.52. Mexico Pressure Sensor Market 184.108.40.206. Rest of Latin America Pressure Sensor Market 9. MARKET COMPETITION ANALYSIS 9.1 Pressure Sensor Market Share/Positioning Analysis 9.2 Pressure Sensor Key Innovators 9.3 Pressure Sensor Company Profiles 9.3.1 ABB 220.127.116.11 Overview 18.104.22.168 Products/ End-User 22.214.171.124 Strategy 126.96.36.199 Key Developments 9.3.2 General Electric 188.8.131.52 Overview 184.108.40.206 Products/ End-User 220.127.116.11 Strategy 18.104.22.168 Key Developments 9.3.3 Emerson Electric 22.214.171.124 Overview 126.96.36.199 Products/ End-User 188.8.131.52 Strategy 184.108.40.206 Key Developments 9.3.4 Honeywell 220.127.116.11 Overview 18.104.22.168 Products/ End-User 22.214.171.124 Strategy 126.96.36.199 Key Developments 9.3.5 NXP Semiconductors 188.8.131.52 Overview 184.108.40.206 Products/ End-User 220.127.116.11 Strategy 18.104.22.168 Key Developments 9.3.6 Infineon Technologies 22.214.171.124 Overview 126.96.36.199 Products/ End-User 188.8.131.52 Strategy 184.108.40.206 Key Developments 9.3.7 Siemens 220.127.116.11 Overview 18.104.22.168 Products/ End-User 22.214.171.124 Strategy 126.96.36.199 Key Developments 9.3.8 Robert Bosch 188.8.131.52 Overview 184.108.40.206 Products/ End-User 220.127.116.11 Strategy 18.104.22.168 Key Developments 9.3.9 Omron 22.214.171.124 Overview 126.96.36.199 Products/ End-User 188.8.131.52 Strategy 184.108.40.206 Key Developments