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Pressure Sensor Market Share
- Report ID: GMI1732
- Published Date: May 2021
- Report Format: PDF
Pressure Sensor Market Share
Key participants operating in the market are
- Honeywell International Inc.
- Emerson Electric Co.
- Sensata Technologies, Inc.
- TE Connectivity
- ifm electronic GmbH
- Rockwell Automation, Inc.
The companies are initiating several new strategies such as mergers and acquisitions to accelerate their market position among other participants.
Frequently Asked Questions (FAQ) :
Pressure sensor market size had surpassed USD 8.5 billion in 2020 and will register a CAGR of more than 7% through 2027.
Absolute pressure sensor market held 47% of overall revenue share in 2020 and will witness a CAGR of 7% through 2027 with increasing demand from aviation industry, military agencies, etc. as these sensors are unaffected by atmospheric pressure.
Piezoresistive segment captured 38.5% of revenue share in 2020 and will register a CAGR of over 8.5% by 2027 owing to its high response time, robustness, and frequency.
Automotive segment will capture around 28% of market share by 2027 owing to the increasing integration of advanced safety systems in vehicles.
Asia Pacific pressure sensor market had accounted for over 50.5% of revenue share in 2020 and will record a CAGR of 7.5% through 2027 on account of expanding electronics sector in South Korea, Japan and China.
Pressure Sensor Market Scope
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