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Pressure Sensor Market : Industry Trends

The global pressure sensor market was valued at USD 6.7 Billion in 2014 and is expected to reach USD 9.48 Billion by 2020, at a CAGR of 5.9% during the forecast period, 2015 to 2020.

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Pressure Sensor Market : Industry Trends

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  1. MarketsandMarkets Presents Pressure Sensor Market worth 9.48 Billion USD by 2020 http://www.marketsandmarkets.com/Market-Reports/pressure-sensor-market-871.html

  2. The report "Pressure Sensor Market by Technology (Piezoresistive, Capacitive, Electromagnetic, Others), Application (Automotive, Medical, Consumer Electronics, Others), & Geography (North America, South America, Europe, APAC, RoW) - Global Forecast to 2020", was valued at USD 6.7 Billion in 2014 and is expected to reach USD 9.48 Billion by 2020, at a CAGR of 5.9% during the forecast period, 2015 to 2020. • Browse 67 tables and 94 figures spread through 166 pages and in-depth TOC on "Pressure Sensor Market - Global Forecast to 2020"http://www.marketsandmarkets.com/Market-Reports/pressure-sensor-market-871.htmlEarly buyers will receive 10% customization on reports.

  3. Globally, pressure sensor market is expected to witness steady growth owing to increased utility of pressure sensors in various industries. The major applications of pressure sensors are in the automotive industry, medical sector, industrial segment, utility, consumer electronics, and oil & gas industry. Of these, the automotive segment is one of the prominent segments, which holds a promising future for pressure sensors with growth rates higher than that of the overall parent market. The demand for pressure sensors is expected to increase in the automotive industry owing to their growing usage in oil pressure monitoring, fuel pressure monitoring, nitrous pressure monitoring, transmission pressure monitoring, and tire pressure monitoring. Additionally, pressure sensors are also used in the airbag systems of vehicles. • Another major factor driving the global pressure sensor market is the stringent implementation of various government regulations to ensure safety of the passengers in the vehicles. Governments all over the world are mandating various acts to ensure safety of passengers in the automobiles. For instance,  the TREAD Act in the U.S. has made installation of TPMS (Tire Pressure Monitoring System) mandatory in all types of vehicles  so as to warn the driver about the under inflation of vehicle, within 20 minutes of its detection. http://www.marketsandmarkets.com/Market-Reports/pressure-sensor-market-871.html

  4. The research study is aimed at identifying emerging trends and opportunities in the global pressure sensor market along with detailed classifications, in terms of revenue and volume. The report provides comprehensive competitive landscapes and identifies the key players with respect to market size and market share. The research study also includes a detailed segmentation of the global pressure sensor market, on the basis of application, technology, and geography. • Apart from the market segmentation, this report also makes use of the Porter’s Five Forces Analysis, which provides an in-depth analysis of the market providing a detailed process flow diagram and market dynamics, such as drivers, restraints, and opportunities in the global pressure sensor market. • This report profiles the key companies operational in the global pressure sensor market, which include Honeywell International, Inc. (U.S.), Measurement Specialties, Inc. (U.S.), Freescale Semiconductor, Inc. (U.S.), Robert Bosch GmbH (Germany), The Emerson Electric Company (U.S.), ABB Ltd. (Switzerland), Denso Corporation (Japan), General Electric (U.S.), OMRON Corporation (Japan), and STMicroelectronics N.V. (Switzerland). http://www.marketsandmarkets.com/Market-Reports/pressure-sensor-market-871.html

  5. About MarketsandMarkets MarketsandMarkets is a global market research and consulting company based in the U.S. We publish strategically analyzed market research reports and serve as a business intelligence partner to Fortune 500 companies across the world. MarketsandMarkets also provides multi-client reports, company profiles, databases, and custom research services. They cover thirteen industry verticals, including advanced materials, automotives and transportation, banking and financial services, biotechnology, chemicals, consumer goods, energy and power, food and beverages, industrial automation, medical devices, pharmaceuticals, semiconductor and electronics, and telecommunications and IT. We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository. http://www.marketsandmarkets.com/Market-Reports/pressure-sensor-market-871.html

  6. Contact Us Contact:Mr. RohanMarkets and Markets UNIT no 802, Tower no. 7, SEZMagarpatta city, HadapsarPune, Maharashtra 411013, India1-888-600-6441Email: sales@marketsandmarkets.comMarketsandMarkets Bloghttp://twitter.com/marketsmarkets

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