Global Pressure Sensors Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

The report covers the present scenario and the growth prospects of the global pressure sensors market for 2018-2022. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.

The analysts forecast the global pressure sensors market to grow at a CAGR of 7.43% during the period 2018-2022.

Pressure Sensors Market Key Vendors Are:  Bosch, Continental, DENSO, Infineon Technologies, Sensata Technologies, etc.

A pressure sensor is a device that is used to detect pressure changes and convert it into an electrical signal, which can be modulated depending on the intensity of pressure.

Key Highlights of The Pressure Sensors Market Report:

  • The key details related to Pressure Sensors Market like the product definition, cost, variety of applications, demand and supply statistics are covered in this report.
  • Competitive study of the major Pressure Sensors Market players will help all the market players in analyzing the latest trends and business strategies.
  • The study of emerging Pressure Sensors Market segments and the existing market segments will help the readers in planning the business strategies.
  • Figure Global Production Market Share of Pressure Sensors Market by Types and by Applications in 2018.

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Pressure Sensors Market Driver:

  • Growing adoption of smartphones and tablets
  • For a full, detailed list, view our report

Pressure Sensors Market Challenges:

  • Rising demand for EVs to affect automotive pressure sensors market
  • For a full, detailed list, view our report

Pressure Sensors Market Trends:

  • Growing acceptance of smart sensors and sensor fusion technology
  • For a full, detailed list, view our report

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The Pressure Sensors Market is divided into the following segments based on Geography:

  • Americas
  • APAC
  • EMEA

One trend in the market is growing acceptance of smart sensors and sensor fusion technology. Traditional pressure sensors generate an electrical signal with a varying voltage that is proportional to the pressure recorded. However, the signal may not provide any compensation for the temperature. To overcome this, hybrid fusion sensors can be created, which can generate an electrical signal without any temperature loss.

According to the report, one driver in the market is growing adoption of smartphones and tablets. Pressure sensors such as capacitive sensors are in high demand in smartphones and tablets, as they almost eliminate the problem of wear and tear in devices compared with mechanical input devices, providing customers with the great user experience. Shipments of smartphones have grown rapidly worldwide during 2009-2016. Unit shipments increased from 174 million in 2009 to 1.41 billion in 2016. Samsung, a major smartphone manufacturer, shipped close to 397 million units in 2016.

Further, the report states that one challenge in the market is rising demand for EVs to affect automotive pressure sensors market. Automobiles have an electronic component content going as high as 50% of the total cost of the automobile, owing to increased safety features like driver assistance system (DAS) and regulatory mandates stipulating mandatory installation of on-board diagnostics (OBD2) to reduce greenhouse gas (GHG) emissions. However, in EVs, the electronic content can go as high as 70%, owing to the electrification of terrain and advanced safety features.

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The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.

Key questions answered in this report:

  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?

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