|By Business Wire||
|August 22, 2014 05:35 AM EDT||
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 vehicles 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 pressure sensors.
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
- Consumer electronics
- ABB Ltd.
- Analog Devices, Inc.
- Delphi Automotive PLC
- Emerson Process Management
- Freescale Semiconductor, Inc.
- Honeywell International Inc.
- Omron Corp
- Robert Bosch GmbH
- Schneider Electric S.E.
For more information visit http://www.researchandmarkets.com/research/xn59xv/pressure_sensors
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