DUBLIN, June 12, 2015 /PRNewswire/ -- Research and Markets (http://www.researchandmarkets.com/research/w3g4g9/us_pressure) has announced the addition of the "US Pressure Sensors Market - Growth, Trends And Forecasts (2014 - 2020)" report to their offering.
The US Pressure sensors market is expected to increase to $1.87 billion by 2018 at a CAGR of 5.76% over the period 2014-2020
US accounted for about 83% of the North America Pressure Sensors market in 2014, mainly due to technological advancements in sensor technologies in the region. Reliability and cost effectiveness have bloadened the application of pressure sensors in new markets and supported industry growth, Safety related mandates, increasing demand from the automotive segment that uses pressure sensors to a greater extent for various applications (TPMS, exhaust gas pressure of EGR System) and Government regulations mandating the use of pressure sensors in automobiles have also contributed to the growth in demand for pressure sensors. Increasing demand in new and existing manufacturing markets is expected to boost industry performance over the forecast period.
Currently, 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 US 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).
This report describes a detailed study of the Porter's five forces analysis, market segments, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
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/w3g4g9/us_pressure
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