Piezoresistive sensors find application in the biomedical field , household appliances , and automotive industry . Optical sensors are utilized in risky distant environments having high radioactive emissions and high temperature zones , which is projected to increase the demand for pressure sensors in the global market . Pressure sensors are used in consumer electronics , medical , oil & gas , automotive , industrial businesses . In the automobiles industry , pressure sensors are utilized for calculating the pressures of important components such as fuel , brake , transmission , oil , and brake . These are also used in tire pressure monitoring systems , barometric pressure measurement , gasoline direct injection systems , side airbags , and exhaust gas recirculation pressure measurement . The growing attractiveness of amusing events of racing including LeMans , NASCAR , and Formula One is anticipated to fuel the pressure sensors market .
Consumer Electronics is expected to witness a significant gain over the forecast period . The smartphones have sensors to have the features of altitude measurements , indoor navigation , and global positioning system ( GPS ). These features have increased the demand of smartphones . The medical sector of the global pressure sensors market is forecasted to be fueled by gadgets for monitoring health which include anesthetic control , catheters , implanted cardiac measurement , sleep apnea detection , air concentration , blood pressure monitoring devices , gastrointestinal pressure sequencing , and spirometers .
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Asia Pacific accounted to be the market leader in the global pressure sensors market due to the high growth in its application sectors . The majority of the revenue was generated from India and China on account of the huge demand in those countries . Asia Pacific is also forecasted to generate the highest revenue over the next eight years . North America also contributed largely for generating revenue of the pressure sensors market . Continuous demand from the various manufacturing industries is anticipated to be a driving force for the growth of the market . Quick industrialization is also one of the factor driving the demand for the global pressure sensors market .
The new entrants in the pressure sensors market need to possess innovative strategies and huge capital investments for the production services to carve themselves a niche amidst the strong competition . The major industry participants are capitalizing largely on research & development initiatives for new product development covering various regional markets . The potential players of the market include Siemens AG , General Electric , Emerson Electric Company , Bosch , ABB Ltd ., STMicroelectronics N . V ., Infineon , Freescale Semiconductor Ltd ., Delphi Corporation , and Analog Devices .