FORT WORTH, Texas, December 15, 2014 /PRNewswire/ --
The Piezoresistive Pressure Sensor Market report defines and segments the concern market with analysis and forecast of revenue. This market was valued at $2125.82 million in 2013, and is projected to reach $3362.19 million by 2019, at a CAGR of 7.76% between 2014 and 2019. Piezoresistive pressure sensor market is boosted by new product developments done by key players.
Browse through the TOC of the Piezoresistive Pressure Sensor Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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Piezoelectric pressure sensor works on piezoelectric effect, and is also known as Strain gauge pressure sensor. It used to detect the strain that forms on strain gauge due to applied pressure. Bonded metal foil, silicon, thick film, and sputtered thin film form substrates of piezoresistive pressure sensor. Piezoelectric pressure sensor technology is appropriate to measure gauge, vacuum, absolute, and differential pressure. It is suitable for various applications, such as automotive industry, biomedical, and household gadgets.
General Electric, Orman, Measurement Specialties Inc., and AVL are the key players active in the piezoresistive pressure sensor market. New product developments done by these key players boosted the growth of piezoresistive pressure sensor market.
Piezoelectric pressure senor market is segmented on the basis of regions and applications. Asia-pacific, Europe, North America, and Latin America are the regions covered under the regional segmentation of global piezoresistive pressure sensor market. Asia-Pacific accounted for the largest market share of around 34% for piezoresistive pressure sensors. North America was the second-largest market with 23% of the market share.
Applications-based segments provide the individual market share of different application areas of piezoresistive pressure sensor, such as medical devices, utility industry, manufacturing, consumer electronics, and automotive industry.
The Global Capacitive Pressure Sensor Market was estimated at $2.49 billion in 2014, which is 27.91% of the global pressure sensor market. This market is expected to reach $3.96 billion by 2020, at a CAGR of 8.03%.
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