Pressure Sensors Market Volume Forecast and Value Chain Analysis 2016-2024Posted by Robson Tolson on March 21st, 2017 In a new market research report published by Credence Research“Pressure Sensors Market (Technology – Piezoresistive, Electromagnetic, Resonant Solid State, Capacitive, Optical and Others) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023”,the global pressure sensorsmarket was valued at US$ 6.88 Bn in 2015 and is projected to expand with a CAGR of 5.4% through the forecast period 2016 to 2023. Market Insights Pressure sensor refers to a device that senses/measures pressure, typically of fluids and gases, and converts it into an equivalent analog electrical signal.Some of the most popular pressure sensing technologies are piezoresistive, electromagnetic, resonant solid state, capacitive and opticalamong others.Pressure sensors are typically used for applications such as pressure sensing, altitude measurement, depth measurement and flow sensing. Over the period of time, pressure sensors have found immense applications across different sectors such as automotive, industrial manufacturing and processing, healthcare, oil and gas and others. Another major promising application of pressure sensors is increasing use in the consumer electronics segment. The complete report is available at http://www.credenceresearch.com/report/pressure-sensors-market Automotive and industrial manufacturing and processing are the most popular and largest consumers of pressure sensors. Thus, the most significant factor fueling the pressure sensors market growth is the steadily rising automotive and industrial manufacturing/processing industry worldwide. Another major factor propelling the market growth, in terms of volume and revenue, is the mandatory installation pressure sensors in automotive vehicles. In various countries such as the U.S., South Korea, Japan, China, Israel and many other European countries have mandated the use of tire pressure monitoring system (TPMS) for better safety. This is estimated to generate substantial demand for pressure sensors across the segment. Nevertheless, one of the major challenges for the market is high installation and replacement costs of these sensors. Competitive Insights: Pressure sensors market comprises large number of players worldwide and hence has emerged highly competitive in nature, over the period of time. One of the most significant challenges for the market players is to develop high accuracy sensing devices with compact design. Thus, majority of the companies operating in the market strive to develop miniaturized products with sustained accuracy of the sensors. Another major area of focus for the pressure sensor manufacturers is targeting major applications segments such as automotive, healthcare, industrial manufacturing and processing, consumer electronics and others. Key Trends:
The complete report is available at http://www.credenceresearch.com/report/pressure-sensors-market ToC: Chapter 1 Preface Chapter 2 Executive Summary Chapter 3 Market Dynamics Chapter 4 Global Pressure Sensors Market Analysis, by Technology Request Sample: http://www.credenceresearch.com/sample-request/58061 About Us: Credence Research is a worldwide market research and counseling firm that serves driving organizations, governments, non-legislative associations, and not-for-benefits. We offer our customers some assistance with making enduring enhancements to their execution and understand their most imperative objectives. Over almost a century, we’ve manufactured a firm extraordinarily prepared to this task. Media Contact Name: Chris Smith Address: 105 N 1st ST #429, SAN JOSE, CA 95103 US E-mail: sales@credenceresearch.com Ph: 1-800-361-8290 Like it? Share it! More by this author |