World Pressure Sensor Market worth $7.34 Billion by 2017 March 2014

World Pressure Sensor Market worth $7.34 Billion by 2017

According to a new market research report “Pressure Sensor Market (2012 – 2017) - Global Forecast,
Trend & Analysis – Segmentation by technology [Piezoresistive, Capacitive, Electromagnetic
(Reluctance), Resonant Solid State, Optical], Applications [process and non process] and
Geography” published by MarketsandMarkets,The value of pressure sensor market was $5.11 billion in
2011 and is expected to reach $7.34 billion in 2017, at an estimated CAGR of 6.3% from 2012 to 2017. In
terms of volume, the total number of pressure sensors shipped was 8.7 billion in 2011 and is expected to
reach 16.37 billion units by 2017, at an estimated CAGR of 11.3% from 2012 to 2017.
Browse 80+ market data tables and 50+ figures spread through 302 pages and in-depth TOC
of “Pressure Sensor Market (2012 – 2017) - Global Forecast, Trend & Analysis – Segmentation by
technology [Piezoresistive, Capacitive, Electromagnetic (Reluctance), Resonant Solid State,
Optical], Applications [process and non process] and Geography”.

http://www.marketsandmarkets.com/Market-Reports/pressure-sensor-market-871.html

Early buyers will receive 10% customization on this report.

In the modern world, the need for pressure sensors is evolving and continuously growing. Today’s
pressure sensors mainly utilize digital technology; which means they are better in efficiency and sensing
performance. Pressure sensors have a significant place in different industry verticals. The major
applications of pressure sensors are in petrochemical industry, automotive industry, consumer electronics
industry, process industries, and healthcare. The largest application segment for pressure sensors is the
automotive segment due to their (automotives’) use in tyre pressure monitoring systems, engine
management, and automatic transmission. The petrochemical and oil and gas segment follows as the
second largest application segment for pressure sensors. In the medical industry, pressure sensors are
used as low-cost disposable devices for catheters employed in surgical operations. The demand for
reliable, high performance and low cost sensors is increasing, leading to the development of new
technologies like the Micro Technology and Nano Technology offering opportunities like miniaturization,
low power consumption, mass production, etc. MEMS pressure sensors have not been used much in the
consumer electronics and mobile devices until now. Their major applications include HVAC sector, level
measurements and various industrial processes and control applications.
Pressure sensors can vary drastically in technology, design, performance, application suitability and cost.
A conservative estimate would be that there may be over 50 technologies and at least 300 companies
making pressure sensors worldwide.
This report, based on the extensive research study on pressure sensor market, is aimed at identifying the
entire market of pressure sensors for various applications, and all its sub-segments through extensively
detailed classifications in terms of both - revenue and shipments. It is focused on giving a bird’s eye-view
of the complete market with regards to application of pressure sensors, with detailed market
segmentations; combined with qualitative analysis at each and every aspect of the classifications done by
type of pressure sensor, application, and geography. It also profiles more than 20 key pressure sensor
manufacturers. The report draws the competitive landscape of Pressure Sensor Market, providing an in-