According to the recent study the pressure sensor market is projected to reach an estimated $19.4 billion by 2027 from $11.3 billion in 2021, at a CAGR of 9.3% from 2021 to 2027. Growth in this market is primarily driven by stringent government regulations for safety in the automotive industry, growth in consumer electronics, and increasing demand for microelectromechanical systems (MEMS) technology.
Browse 79 figures / charts and 67 tables in this 157 -page report to understand trends, opportunities and forecast in 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).
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“Electronics market is expected to remain the largest segment during the forecast period.”
Based on end use industry, the pressure sensor market is segmented into automotive, industrial, healthcare, electronics, and others. Lucintel forecasts that the electronics market is expected to remain the largest segment due to growth in smartphones, tablets, household appliances, and wearable devices.
“Asia pacific will dominate the pressure sensor market in near future”
Asia Pacific will remain the largest region and it is also expected to witness highest growth over the forecast period.
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Major players of pressure sensor market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. ABB Ltd., Emerson Electric Co., Denso Corporation, Robert Bosch GmbH, Delphy Automotive PLC, Infineon Technologies AG, Semiconductors N.V., Stmicroelectronics, General Electric, Omron Corporation, and Honeywell International Inc are among the major pressure sensor providers. This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/pressure-sensor-market.aspx or [email protected]