The future of the global pressure sensor market looks attractive with opportunities in the industrial, healthcare, consumer electronics, and automotive industries. The global pressure sensor 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 $16.5 billion by 2025 with a CAGR of 6% to 8% from 2020 to 2025. The major growth drivers for this market are stringent government regulations for safety in the automotive industry, growth in consumer electronics, and increasing demand for microelectromechanical systems (MEMS) technology.
Emerging trends, which have a direct impact on the dynamics of the pressure sensor industry, include development of implantable pressure transduction system and the development of nanoelectromechanical system (NEMS) pressure sensor.
A total of 86 figures / charts and 67 tables are provided in this 167 -page report to help in your business decisions. Sample figures with some insights are shown below. To learn the scope of, benefits, companies researched and other details of this pressure sensor market report, download the report brochure.
Pressure sensor opportunities have evolved through number of stages as presented in figure below:
Evolution of Pressure Sensor Opportunities
In this market, piezoelectric is the largest technology , whereas automotive is largest end use industry. Growth in various segments of the pressure sensor market are given below:
Pressure Sensor Market by Segments
The study includes the pressure sensor market size and forecast for the global pressure sensor market through 2025, segmented by technology, end use industry, and region as follows:
Pressure Sensor Market by Technology [$M shipment analysis from 2014 to 2025]:
PiezoresistiveElectromagneticResonant Solid State CapacitiveOpticalOthers
Pressure Sensor Market by End Use Industry [$M shipment analysis from 2014 to 2025]:
Automotive Industrial Healthcare Electronics Others
Pressure Sensor Market Region [$M shipment analysis for 2014 – 2025]:
North AmericaUnited StatesCanada MexicoEuropeUnited KingdomGermanyFranceAsia PacificJapanChinaSouth KoreaIndiaThe Rest of the World
Some of the Pressure sensor companies profiled in this report include ABB, Emerson Electric Co, Analog Devices., Denso Corporation, and Robert Bosch.
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.
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.
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.
Some of the features of this report:
Market size estimates: Global pressure sensor market size estimation in terms of value ($M) shipment.Trend and forecast analysis: Market trend (2014-2019) and forecast (2020-2025) by segments and region.Segmentation analysis: Global pressure sensor market size by various applications such as technology, and end use industry in terms of value and volume shipment.Regional analysis: Global pressure sensor market breakdown by North America, Europe, Asia Pacific, and the Rest of the World.Growth opportunities: Analysis on growth opportunities in different applications and regions of pressure sensor in the global pressure sensor market.Strategic analysis: This includes M&A, new product development, and competitive landscape of pressure sensor in the global pressure sensor market.Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global pressure sensor market by technology (piezoresistive, electromagnetic, resonant solid state capacitive, optical, and others), by end use industry (automotive, industrial, healthcare, electronics, and others), and by region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the pressure sensor market?
Q.5 What are the business risks and threats to the pressure sensor market?
Q.6 What are the emerging trends in this pressure sensor market and reasons behind them?
Q.7 What are some changing demands of customers in the pressure sensor market?
Q.8 What are the new developments in the pressure sensor market? Which companies are leading these developments?
Q.9 Who are the major players in this pressure sensor market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this pressure sensor area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred by the major pressure sensor suppliers in the last 5 years in pressure sensor market?
Key Features Description
Base Year for Estimation 2019
(Actual Estimates) 2014-2019
Forecast Period 2020-2025
Market Representation / Units Revenue in US $ Billion
Report Coverage Market Trends & Forecasts, Competitor Analysis, New Product Development, Company Expansion, Merger Acquisitions & Joint Venture, and Company Profiling
Market Segments By technology (piezoresistive, electromagnetic, resonant solid state capacitive, optical, and others), By end use industry (automotive, industrial, healthcare, electronics, and others)
Regional Scope North America (The United States, Canada, and Mexico), Europe (the UK, Germany, and France), Asia Pacific (Japan, China, South Korea, and India), and RoW
Customization 10% Customization Without any Additional Cost