DUBLIN, February 25, 2016 /PRNewswire/ --
Research and Markets (http://www.researchandmarkets.com/research/q585pg/south_korea) has announced the addition of the "South Korea Pressure Sensors Market - Growth, Trends And Forecasts (2015 - 2020)" report to their offering.
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The South Korea Pressure sensors market is expected to increase to $0.39 billion by 2018 at a CAGR of 5.56% over the period 2015-2020.
The pressure sensors market is mainly 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 pressure sensors.
The increasing production of motor vehicles in South Korea, rapid level of industrialization in this region, lower cost of operations, cheaper land, large population, and a growing middle class are all contributing to the growth of the pressure sensor market over the forecast period from 2014 to 2020.
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 South Korea 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
- Mo US er Electronics
- Sick Ag
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SOURCE Research and Markets