The global pressure sensor market size is valued at USD 16,042.1 million in 2019 and is expected to grow at an average annual growth rate (CAGR) of 5% from 2019 to 2025. Pressure sensors are electronic devices used to measure gas or pressure. Liquid. It is widely used to control and monitor applications. Demand for pressure sensors is expected to increase significantly as government regulations increase and sensor adoption increases in automotive and medical applications. Technology developments have reduced the size and cost of pressure sensors, which are expected to open new avenues to the market.
A full report of Pressure Sensor Market is available at: https://www.orionmarketreports.com/pressure-sensor-market/30302/
Top Impacting Factors
The significant factors impacting the growth of the global pressure sensor market include increase in use of pressure sensors in the automotive industry, emerging demand for pressure sensors in consumer electronics, and favorable government regulations regarding the use of pressure sensors. However, high initial cost of the sensors acts as a major barrier for its adoption, thereby hampering the growth of the market. On the contrary, growing trends toward Internet of Things (IoT) and surge in demand for sensors in the development of smart cities are the factors anticipated to provide lucrative opportunities for the growth of the pressure sensor market during the forecast period.
Global Pressure Sensor Market Segmentation
By Type:
• Absolute Pressure Sensors
• Gauge Pressure Sensor
• Differential Pressure Sensors
By Technology
• Piezoresistive
• Electromagnetic
• Capacitive
• Resonant Solid State
• Optical
• Others
By Application
• Automotive
• Oil and Gas
• Consumer electronics
• Medical
• Industrial
• Others
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Key Questions Answered by Pressure Sensor Market Report
• What was the Pressure Sensor Market size in 2018 and 2019; what are the estimated growth trends and market forecast (2019-2025).
• What will be the CAGR of Pressure Sensor Market during the forecast period (2019-2025)?
• Which segments (product type/applications/end-user) were most attractive for investments in 2018? How are these segments are expected to grow during the forecast period (2019-2025)?
• Which manufacturer/vendor/players in the Pressure Sensor Market was the market leader in 2018?
• Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
