The global pressure
sensor market is anticipated to reach USD 11,911.2 million by
2025, according to a new report by Grand View Research, Inc. Factors such as
the increased demand for smart and wireless pressure sensors and regulatory
initiatives in the developed markets of North America and Europe have propelled
the adoption of pressure sensors. Pressure sensors are widely used for control
and monitoring applications. The demand for high-performance, cost-efficient,
and reliable sensors has increased, leading to a higher spending in R&D activities
by market vendors. Technological proliferation and advancements in
nanotechnology and micro-technology are expected to propel the market growth
over the forecast period.
Numerous sensors are used to monitor pressure levels
of liquids and gases in the automotive industry. Moreover, the accelerated use
of wireless technologies and semiconductor-based sensors in consumer products,
industrial automation, and air compressor monitoring is expected to drive the
market growth over the forecast period. The optical technology segment is
predicted to gain traction owing to several advantages such as high resistance
to chemical corrosion and high sensitivity. Moreover, the proliferation and
increased adoption of optical fiber technology are also major market growth
drivers.
The increasing adoption of pressure sensors in
consumer goods and wearable devices, such as watches, tablets, and smartphones,
is substantially contributing to the market expansion. The use of MEMS pressure
sensors in industrial control applications and processes, HVAC applications,
and level measurement is instrumental in driving market growth. Government
regulations or laws to ensure passenger safety in automobiles are also expected
to be a major growth driver. For instance, the U.S. government passed the TREAD
Act to mandate the installation of the Tire Pressure Monitoring System (TPMS)
in all types of automobiles so as to alert the driver about the under-inflation
of automobiles within 20 minutes of its detection.
Browse full research report on Pressure Sensor Market: https://www.grandviewresearch.com/industry-analysis/pressure-sensors-industry
Further
key findings from the report suggest:
- The demand for pressure sensors has increased over the years since
they offer reliability in performance, real-time monitoring, and
cost-effectiveness.
- The U.S. government is investing a considerable amount of monetary
and non-monetary resources to encourage the adoption of sensors across
various sectors. Pressure sensors are also an important component of smart
city projects.
- The growing need for more tightly controlled processes with their
associated quality control requirements is anticipated to drive the demand
for MEMS devices in the manufacturing segment.
- Government regulations mandating the installation of pressure
sensors in several applications, including automotive and industrial
sectors, are also driving the demand worldwide.
- Key players in the market include ABB Ltd., Emerson Electric Co.,
and Omron Corporation, among others.
Browse more reports of this category
by Grand View Research: https://www.grandviewresearch.com/industry/sensors-and-controls
Grand
View Research has segmented the market on the basis of product, type,
technology, application, and region:
Product
Outlook (Revenue, USD Million; 2014 - 2025)
- Absolute
Pressure Sensors
- Differential
Pressure Sensors
- Gauge
Pressure Sensors
Type
Outlook (Revenue, USD Million; 2014 - 2025)
- Wired
- Wireless
Technology
Outlook (Revenue, USD Million; 2014 - 2025)
- Piezoresistive
- Electromagnetic
- Capacitive
- Resonant
solid-state
- Optical
- Others
Application
Outlook (Revenue, USD Million; 2014 - 2025)
- Automotive
- Oil & gas
- Consumer
electronics
- Medical
- Industrial
- Others
Regional
Outlook (Revenue, USD Million; 2014 - 2025)
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- Germany
- France
- Russia
- Nordic
Region
- Asia Pacific
- India
- Australia
- China
- Japan
- Latin America
- Brazil
- Argentina
- MEA
- Saudi Arabia
- UAE
About Grand View
Research
Grand View Research, Inc. is a U.S. based market
research and consulting company, registered in the State of California and
headquartered in San Francisco. The company provides syndicated research
reports, customized research reports, and consulting services. To help clients
make informed business decisions, we offer market intelligence studies ensuring
relevant and fact-based research across a range of industries, from technology
to chemicals, materials and healthcare.
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