Pressure sensors are used in many industries, and the use of
microelectromechanical systems (MEMS) technology in pressure sensors is
expected to further widen the application scope. This can be attributed
to the benefits offered by MEMS, including reduced cost and power
consumption, as well as high performance and miniaturization. Pressure
sensors have to be used in Tire Pressure Monitoring Systems (TPMS) which
was made mandatory by the U.S. government, which has contributed
significantly to product demand. Additionally, growing number of
vehicles on a global level is also expected to be a key driving force
for the market.
Automotive was the largest market segment in 2012, wherein
applications include brake sensors for electronic stability control
systems, side airbags, tire pressure, exhaust gas recirculation
pressure, barometric pressure, gasoline direct-injection systems, etc.
Consumer electronics is also expected to be a fast growing application,
with pressure sensors being incorporated in smartphones for indoor
navigation, measuring altitude as well as for global positioning systems
(GPS).
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In the medical sector, growth is expected to be driven by blood
pressure monitoring devices and other health monitoring gadgets, mainly
due to reducing form factors. Estimated reduction in prices is expected
to accelerate market growth over the next few years. In terms of product
segments, piezoresistive and capacitive sensors have dominated the
market; optical sensing technology is expected to pick up speed in the
years to come. The significant number of pressure sensors used in
aircrafts is expected to drive the military and aerospace segment.
Asia Pacific is expected to remain the highest revenue generator
through the forecast period. This is mainly on account of growth in
application sectors and increasing demand from countries such as India
and China. High capital investment for production facilities and
effective strategies to sustain in the intense competition are among a
few requirements for market entry aspirants. Industry participants have
been focusing on research and development activities in order to deliver
innovative products spanning numerous end-use industries. Major market
players include ABB Ltd., Analog Devices, Bosch, Delphi Corporation,
Freescale Semiconductor Ltd., General Electric, Infineon, Siemens AG,
STMicroelectronics N.V., and Emerson Electric Company among others.
This research report provides comprehensive market statistics and
forecast for key segments, and provides complete industry landscape
including drivers, restraints, regulatory scenario, technology trends
and future opportunities. The report also provides detailed competitive
landscape with company market share analysis and in-depth profiles of
key market participants. Key regional markets analyzed and reported in
this study include:
- North America
- Europe
- Asia Pacific
- RoW
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Critical elements of the report include:
- Industry dynamics
- Market challenges and opportunities
- Technology & regulatory trends
- Market estimate and forecast
- Regional trends
- Competitive trends
Why should you buy this report?
- This report provides comprehensive analysis of the market including Porter’s and SWOT analysis
- Complete identification and analysis of key industry dynamics including drivers, restraints, raw material trends and buyer behavior
- The study provides technology landscape and regulatory trends for building strategy
- Global and regional market estimates and forecast on volume and revenue basis for multiple market segments
- Detailed competitive landscape of the market, with profiles of key companies
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