LONDON, Jan. 13, 2016 /PRNewswire/ -- A pressure sensor, also known as pressure transducer, pressure transmitter, pressure sender, pressure indicator, piezometer, or manometer, converts changes in the pressure of a gas or a liquid into an electrical signal by means of a pressure sensing device. It then generates an analog output proportional to the pressure or a switching output, which operates at a particular pressure level. Pressure sensors are used for controlling and monitoring thousands of applications, such as consumer electronics, automotive, and healthcare, among others.
The global pressure sensor market was valued at USD 6.7 billion in 2014 and is expected to reach USD 9.48 billion by 2020, at a CAGR of 5.9% between 2015 and 2020.
The global pressure sensor market is primarily driven by increased demand for pressure sensors from the automotive industry. The automotive industry across the globe, is witnessing a period of relatively increased growth and profitability. Global production levels for automotive industry have increased along with growing sales, which have resulted in the growth of the industry as a whole. This growth of automotive industry drives the global pressure sensor market, as the pressure sensors have great applicability in this industry. Advancements in micro-electro-mechanical-systems (MEMS) technologies have resulted in the reduction of package size, cost, and weight of pressure sensors. Thus, this is also expected to boost the overall growth of the global pressure sensor market.
The report includes company profiles of the key players, recent activities in the market, new product launches, mergers & acquisitions, and collaborations and partnerships, along with SWOT analysis. Some of the companies profiled in this report are Honeywell International, Inc. (U.S.), Measurement Specialties, Inc. (U.S.), Freescale Semiconductor, Inc. (U.S.), Robert Bosch GmbH (Germany), The Emerson Electric Company (U.S.), ABB Ltd. (Switzerland), Denso Corporation (Japan), General Electric (U.S.), OMRON Corporation (Japan), and STMicroelectronics N.V. (Switzerland).
With the market data, you can also customize MNM assessments that are in accordance to your company's specific needs. Customize to get comprehensive industry standards along with deep dive analysis of the following parameters:
- Usage pattern (in-depth trend analysis) of products (segment-wise)
- Product matrix, which gives a detailed comparison of product portfolio of each company mapped at country and subsegment level
- End user adoption rate analysis of the products (segment-wise and country-wise)
- Comprehensive coverage of product approvals, pipeline products, and product recalls
- Country specific data of technology, such as piezoresistive, capacitive, electromagnetic, resonant solid state, and optical
- Premium insights of pressure sensor technology
- Market data of top companies
- Key developments of top companies
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