DUBLIN, June 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/dsw9cr/north_america) has announced the addition of the "North America Pressure Sensors Market - Growth, Trends And Forecasts (2014 - 2020)" report to their offering.
The North America Pressure sensors market is expected to increase to $2.21 billion by 2018 at a CAGR of 5.32% over the period 2014-2020.The North America is the second largest region with a market share of 29.46% of the global pressure sensor market.Safety related mandates in North America are acting as a major market driver, influencing the growth of the pressure sensor market in the region. The pressure sensors market is also driven by increasing demand from the automotive segment that uses pressure sensors to a greater extent for various applications (TPMS, exhaust gas pressure of EGR System). Government regulations mandating the use of pressure sensors in automobiles have also contributed to the growth in demand for pressure sensors. Consumer electronics is analyzed to be the fastest growing application segment for North America pressure sensors.
The market is dominated by Piezoresistive and Capacitive sensors as they are heavily used in automotive, medical, petrochemical, Oil and gas industries. Optical and resonant solid-state sensors are expected to exhibit high growth over the forecast period due to their applications in hazardous environments. Technological advancements and nanotechnology applications are the future opportunities for pressure sensor market.
The North America Pressure Sensors Market is segmented on the basis of Technology (Piezoresistive Sensors, Capacitive Sensors, Electromagnetic Sensors, Resonant Solid State Sensors, Optical Sensors and Others) and End User Industry (Medical, Industrial, Oil & Gas, Petrochemical, Automotive, Consumer Electronics and Others).
Key Topics Covered:
2. Key Findings
3. Market Overview & Dynamics
5. Porter's Five Forces Analysis
6. Market Segmentation
7. Company Profiles
8. Investment Analysis
9. Future of Pressure Sensors Market
- Murata Electronics
- SSI Technologies
- Measurement Specialties
- Mouser Electronics
- SICK AG
For more information visit http://www.researchandmarkets.com/research/dsw9cr/north_america
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SOURCE Research and Markets