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Pressure Sensor Market worth 9.48 Billion USD by 2020


News provided by

MarketsandMarkets

13 Aug, 2015, 11:30 GMT

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CHICAGO, August 13, 2015 /PRNewswire/ --

The report "Pressure Sensor Market by Technology (Piezoresistive, Capacitive, Electromagnetic, Others), Application (Automotive, Medical, Consumer Electronics, Others), & Geography (North America, South America, Europe, APAC, RoW) - Global Forecast to 2020", published by MarketsandMarkets, 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% during the forecast period, 2015 to 2020.

Browse 67 Tables and 94 Figures spread through 166 Pages and in-depth TOC on "Pressure Sensor Market".

http://www.marketsandmarkets.com/Market-Reports/pressure-sensor-market-871.html

Early buyers will receive 10% customization on this report. 

Globally, pressure sensor market is expected to witness steady growth owing to increased utility of pressure sensors in various industries. The major applications of pressure sensors are in the automotive industry, medical sector, industrial segment, utility, consumer electronics, and oil & gas industry. Of these, the automotive segment is one of the prominent segments, which holds a promising future for pressure sensors with growth rates higher than that of the overall parent market. The demand for pressure sensors is expected to increase in the automotive industry owing to their growing usage in oil pressure monitoring, fuel pressure monitoring, nitrous pressure monitoring, transmission pressure monitoring, and tire pressure monitoring. Additionally, pressure sensors are also used in the airbag systems of vehicles.

Download Free Sample Pages @ http://www.marketsandmarkets.com/pdfdownload.asp?id=871

Another major factor driving the global Pressure Sensor Market is the stringent implementation of various government regulations to ensure safety of the passengers in the vehicles. Governments all over the world are mandating various acts to ensure safety of passengers in the automobiles. For instance,  the TREAD Act in the U.S. has made installation of TPMS (Tire Pressure Monitoring System) mandatory in all types of vehicles  so as to warn the driver about the under inflation of vehicle, within 20 minutes of its detection. Similarly, on November 1, 2012, the European Union issued instructions that all new passenger car models (M1) released, must be equipped with a TPMS. These safety regulations have provided an impetus to the growth of the global pressure sensor market. Currently, the global pressure sensor market is dominated by various market players, such as Honeywell International, Inc. (U.S.), Freescale Semiconductor, Inc. (U.S.) and Measurement Specialties, Inc. (U.S.).

The global pressure sensor market is expected to witness substantial growth in the coming years. There is increasing adoption of pressure sensors in various sectors, such as automotive, medical, industrial segment, utility, consumer electronics, oil & gas, military & defense, and aviation. The automotive and medical segments are the leading application segments, which together held more than 45%, share in the global pressure sensor market in 2014.

The research study is aimed at identifying emerging trends and opportunities in the global pressure sensor market along with detailed classifications, in terms of revenue and volume. The report provides comprehensive competitive landscapes and identifies the key players with respect to market size and market share. The research study also includes a detailed segmentation of the global pressure sensor market, on the basis of application, technology, and geography.

Apart from the market segmentation, this report also makes use of the Porter's Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global pressure sensor market.

The major players operational in the global pressure sensor market 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).These companies have adopted various strategies, such as mergers & acquisitions and partnerships to achieve growth in the global pressure sensor market.

Browse Related Reports 

Smart / Intelligent Sensor Market by Type (Flow Sensor, Dissolved Oxygen Sensor, Temperature Sensor, Pressure Sensor, Touch Sensor), Technology (MEMS, CMOS), Application (Aerospace, Automotive, Industrial, Building Automation), & by Geography - Forecasts & Analysis to 2013 - 2020

http://www.marketsandmarkets.com/Market-Reports/smart-sensor-market-43119772.html

MEMS Sensor Market for Automotive by Type (Inertial Sensor, Microphone, & Pressure Sensor), Application (ADAS, ECU, ESC, HVAC, Safety & Security, In-Car Navigation, OIS Camera, Microphone in Cabin, & TPMS), & Geography - Analysis & Forecast (2014 - 2020)

http://www.marketsandmarkets.com/Market-Reports/automotive-mems-sensor-market-173026219.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical info graphics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact:
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21st Floor , Chicago, 
Illinois, 60603,
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Tel: + 1-888-600-6441
Email:sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/electronics-and-semiconductors
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