Pressure Sensor Market Application Garrett Bradbury Black Jersey , Methodology and Trend Analysis to 2023 by Miller@21 · January 21, 2019
According to the new market research report ressure Sensor Market by Product (Absolute, Differential, Gauge, Vacuum Dalvin Cook Black Jersey , and Sealed), Technology (Piezoresistive, Capacitive, Electromagnetic, Resonant) Mike Hughes Black Jersey , Application (Automotive, Medical, Industrial, Utilities) and Geography 鈥?Global Forecast to 2023 the pressure sensor market is expected to grow from USD 8.30 Billion in 2017 to USD 11.30 Billion by 2023, at a CAGR of 5.27% between 2017 and 2023. The factors driving the growth of this market are advancements in MEMS technology and its rapid adoption in connected devices Kirk Cousins Black Jersey , growing demand from automotive and medical device industries, increasing adoption of pressure sensors in consumer goods and wearables, and stringent government regulations.
ifferential pressure sensor market is expected to grow at the highest CAGR during the forecast period The differential pressure sensor market is expected to grow at the highest CAGR between 2017 and 2023. Differential pressure sensors provide the difference between two pressure sources through two ports, allowing customers to provide required pressure inputs to the device for measuring the readings. This flexibility offered by the device helps drive the growth of the differential pressure sensor market at the highest CAGR during the forecast period.
Get Free 10% Customization @ ressure sensor market for optical technology is expected to grow at the highest CAGR during the forecast period The pressure sensor market for the piezoresistive technology is expected to grow at a high CAGR between 2017 and 2023, driven by the growing adoption of the optical technology over other technologies due to its advantages. In remote or extremely hot areas Adam Thielen Black Jersey , optical pressure sensors are useful for numerous applications. In applications where other technologies fail due to electromagnetic interference, optical pressure sensors work very well due to their immunity to interference. These sensors also work well in the presence of chemicals or explosive materials.
ressure sensor market for consumer electronics application is expected to grow at the highest CAGR during the forecast period > The pressure sensor market for consumer electronics is expected to grow at a high CAGR between 2017 and 2023. The penetration of MEMS in pressure sensors has made them viable for various applications in consumer electronics. They are used in washing machines, dishwashers, and mobile phones. Mobile navigation (multi-path, slope detection) is one of the most commercially viable markets for pressure sensors in consumer electronics. Pressure sensors are now combined with inertial and magnetic sensors for dead reckoning and navigational applications in consumer products.
sia Pacific (APAC) expected to lead the pressure sensor market between 2017 and 2023 Asia Pacific (APAC) is expected to hold the largest share of the pressure sensor market during the forecast period. The pressure sensor market in countries such as China Sean Mannion Camo Jersey , India, Japan, and South Korea is expected to grow at the highest CAGR due to the increasing deployment of automated storage and retrieval systems (ASRS) and rising awareness about the importance of automated systems.
The major players operating in the pressure sensor market include Honeywell (US), ABB (Switzerland), NXP Semiconductors (Netherland) Josh Kline Camo Jersey , Infineon Technologies (Germany), Emerson Electric (US), General Electric (US), Siemens (Germany), STMicroelectronics (Switzerland) Dru Samia Camo Jersey , and Robert Bosch (Germany).
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