The global Pressure Sensor market is anticipated to grow at a significant rate owing to raid advancements and technological developments in the sector. The report offers strategic recommendations to the businesses and investors to capitalize on the lucrative growth opportunities of Pressure Sensor market. It also covers mergers and acquisitions, joint ventures, product launches, brand promotions, collaborations, agreements, and partnerships, among others. It also offers insights into the manufacturing processes, revenue estimations, R&D advancements, and industrial penetration of Pressure Sensor market.
The global pressure sensor market size was USD 14.56 Billion in 2021 and is expected to register a revenue CAGR of 7.9% during the forecast period, according to latest analysis by Emergen Research. Rising adoption of pressure sensors in portable healthcare wearables is the key factor driving market revenue growth.
Flexible sensing technologies and wearable pressure sensors are utilized for long-term and real-time cardiovascular monitoring. Physiological pulse waveforms can be precisely and constantly tracked by flexible pressure sensors for wearable health monitoring due to attractive qualities such as wearing comfort, lightweight, and high sensitivity, to pulse pressures. Rising adoption of pressure sensors in healthcare wearables prompted manufacturers to introduce advanced pressure sensor technologies in the market.
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The report also profiles established and emerging players of the market, covering the business overview, product portfolio, strategic alliances, and business expansion strategies.
Some major companies in the global market report include Emerson Electric Co., Honeywell International Inc., Sensata Technologies, Inc., Micro Sensor Co., Ltd., BD SENSORS GmbH, City Technology Limited, ABB Ltd., Siemens AG., Membrapor AG., Quartzdyne, Inc., Renesas Electronics Corporation, and Texas Instruments Incorporated
Highlights from the Report
- The electromagnetic segment revenue is expected to increase at a significantly fast rate over the forecast period. This is due to growing use of electromagnetic pressure sensor in electrical applications owing to its low cost, suitability, and high efficiency, which is also used in harsh environments.
- In June 2022, Baumer hhs GmbH, a Germany-based engineering company announced to launch a modular glueing system for corrugated converters with an adhesive detection sensor. It also has an electromagnetic drive with a 42% high closing force.
- The industrial segment is expected to register a steady revenue growth rate over the forecast period due to growing adoption of pressure sensors in various industrial applications. Oil-free designs, high-proof pressure ratings, better accuracy, and higher resolution are all advantages of a pressure sensor utilized in industrial applications.
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The report studies the historical data of the Pressure Sensor Market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects.
Emergen Research has segmented the global pressure sensor market based on sensor type, technology, product, application, and region:
· Sensor type (Revenue, USD Billion; 2019-2030)
- Wireless Sensors
- Wired Sensors
· Technology Outlook (Revenue, USD Billion; 2019-2030)
- Capacitive
- Electromagnetic
- Piezoresistive
- Resonant Solid-State
- Optical
- Others
· Product Outlook (Revenue, USD Billion; 2019-2030)
- Absolute Pressure Sensors
- Differential Pressure Sensors
- Vacuum Pressure Sensors
- Sealed Pressure Sensors
- Gauge Pressure Sensors
- Others
· Application Outlook (Revenue, USD Billion; 2019-2030)
- Consumer Electronics
- Automotive
- Medical
- Oil & Gas
- Industrial
- Utilities
- Aviation
- Others
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The complete regional analysis covers:
- North America (U.S., Canada, Mexico
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key Points of Pressure Sensor Market:
- Extensive coverage of the analysis of the Pressure Sensor market
- Key insights into the regional spread of the industry in key geographies
- Radical insights into the vital market trends; both current and emerging trends, and factors influencing the growth of the market
- Comprehensive coverage of the impact of the COVID-19 pandemic on the overall growth of the Pressure Sensor market
- Complete data about the key manufacturers and vendors in the Pressure Sensor market
Thank you for reading our report. Customization of the report is available. To know more, please connect with us, and our team will ensure the report is customized as per your requirements.
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