Pressure sensors are expected to show good growth as they are widely used across different application segments. Currently, the market is dominated by piezoresistive and capacitive sensors but we predict strong growth of optical sensing technology as well in future due to their applications in hazardous environments. Piezoresistive sensors are heavily used in automotive and medical applications while capacitive sensing is highly recommended in the process and petrochemical and oil and gas industries.
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Due to improved sensitivity,
pressure sensors are used for a variety of applications such as petrochemicals,
automotive segments, consumer electronics, utilities, and industrial segment.
There has been a growth in the automotive industry that uses pressure sensors
to a greater extent from applications such as TPMS (Tyre Pressure Monitoring
System), engine management to monitoring of air volume, exhaust gas pressure of
EGR system. Acceptance of pressure sensors in many application segments will
add on to their consumption in the future. Safety-related mandates in regions
like North America and Europe are acting as a driver to the growth of these
sensors.
Technological advancement is opening
new doors to the growth of pressure sensors for automotive and medical
applications. Penetration of MEMS technology in pressure sensing is expected to
play a lead role in the overall market in the future. Sensors based on this
technology are extensively used in medical and automotive applications due to
their smaller form factor.
The market size of pressure sensors
in the year 2011 was $5.11 billion and is expected to reach $7.34 billion units
by 2017, at an estimated CAGR of 6.3%. In terms of volume the unit shipment for
pressure sensors was 8.7 billion units in the year 2011 and is expected to
reach 16.37 billion units by 2017, at an estimated CAGR of 11.3% from 2012 to
2017.
Pressure sensor market is triggered
due to a lot of factors. Vehicle production in emerging markets, government
regulations, gradual reduction in size, and the fast growth of Asian economies
are acting as drivers to the pressure sensor market. Pricing and maturity of
critical end-user segments act as restraints to this market while advancements
in ICT technology and nanotechnology applications are the future opportunities
for pressure
sensor market.
Scope of the report
This research report categorizes the
global pressure sensor market on the basis of different technologies used in
sensors, the applications for which the sensors are used and geographical
analysis; forecasting revenue and analyzing trends in the pressure sensor
market.
On the basis of technology
In this section, pressure sensor
market is divided on the basis of technology used in the sensor.
Piezoresistive, capacitive, electromagnetic, resonant solid state, optical, and
others are the prominent pressure sensor types used for various applications.
On the basis of applications
In this section, pressure sensor
market is divided on the basis of applications of the sensors. Automotives,
petrochemicals and oil and gas, consumer electronics, medical, utilities,
process industries and others are the prominent segments that consume pressure
sensors to a great extent.
On the basis of Geography
- North America, Latin America, Europe, Asia-Pacific and ROW are covered in the report.
- North America is subdivided into U.S. and Canada.
- Latin America is subdivided into Brazil, Mexico and others.
- Europe is further divided into UK, Germany, France, Italy and others.
- Asia-Pacific is subdivided into China, Japan and India.
- ROW is segmented into Russia, Middle-East and Africa.
Report Details:
Published: Oct 2012
No. of pages:290
Price: Single User License: US $4650 Corporate User License: US $7150
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