Pressure Sensors Market was Valued at USD 5,750.0 million in 2012 and is Anicicipated the Highest Growth Over the Forecast Period 2012 – 2019 Research Report by Hexa Research

Latest Research on “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 Market 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.

Collision Avoidance Sensors Market:
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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

Critical elements of the report include:

Industry dynamics
Market challenges and opportunities
Technology & regulatory trends
Market estimate and forecast
Regional trends
Competitive trends

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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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Hexa Research is a market research and consulting organization, offering industry reports, custom research and consulting services to a host of key industries across the globe. We offer comprehensive business intelligence in the form of industry reports which help our clients obtain clarity about their business environment and enable them to undertake strategic growth initiatives.

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