A pressure sensor is an electronic device used for pressure measurement of gases or liquids. The distinct advantages of ceramic material allow sensors to provide long-term stability and reliability, with high resistance to pressure. Market Overview The piezoresistive pressure sensors market was valued at USD 1.03 billion in 2019, and is expected to reach a value of USD 1.4 billion by 2025, at a … They are widely used for controlling and monitoring applications. The market report is segmented on the basis of type into pressure sensors, temperature sensors, speed sensors, proximity sensors, and gyro sensors. The MEMS pressure sensors market was valued at USD 2339.03 million in 2019 and is expected to reach a value of USD 3171.53 million by 2025, registering a CAGR of 5.3% over the forecast period (2020-2025). All Sensors Corp. designs and manufactures piezoresistive MEMS pressure sensors. Pressure sensors are typically used for measuring pressure of gas or liquids. 9% during 2020–2025. According to the new research report the " Pressure Sensor Market by Product Type (Absolute, Gauge, Differential, Sealed, and Vacuum), Technology (Piezoresistive, Capacitive, Resonant, Electromagnetic, and Optical), Application, Function, End-User Industry, and Geography - Global Forecast to 2025", is expected to grow from USD 13.6 billion in 2020 to USD 20.8 billion by 2025; it is expected to grow at a CAGR of … Over the forecast period, such applications, coupled with increasing demand for aftermarket Tire Pressure Monitoring System (TMPS) are expected to govern the demand for pressure sensors in tire pressure applications.The pressure sensor detects, measures, and transmits the information which helps in analyzing the performance of a device.
MEMS Pressure Sensors Market - Growth, Trends, Forecast (2020 - 2025) Published on: Jan 2020 | From: USD $4250 | Published By: MORDOR INTELLIGENCE | Number Of Pages: 150 Market Overview The pressure sensor market was valued at USD 5316.79 million in 2019 and is expected to reach USD 8931.87 million by 2025, registering a CAGR of 9.26%, over the forecast period of 2020-2025. Global pressure sensors market was valued at USD 6.53 billion in 2014, growing at a CAGR of 6.2% from 2014 to 2020. For example, the Mercedes G63 AMG 6X6 enables the driver to vary the tire pressure of, both the front and rear axles, separately. The aircraft sensors market was valued at USD 3.3 billion in 2017 and is expected to reach a market value of USD 4.8 billion by 2023, registering a CAGR of 6.4% during the forecast period (2018-2023). The global pressure sensor market size was valued at USD 16,042.1 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 5.0% from 2020 to 2025. In recent times, exclusive off-road and cross-country cars are installing innovative tire pressure control system. It uses IC fabrication technology made on silicon wafers, monitors and controls the pressure of gases and liquids, and measures different types of pressures such as absolute, vacuum, gauge, and differential pressure.Report scope can be customized per your requirements. Out of which, the pressure sensor market is expected to hold the largest market share of the IoT sensor market.
Organizations, like Robert Bosch, have aggregated production volume of automotive, as well as consumer markets, to reduce cost and further increase its competitive advantage. 4.2.2 Miniaturization Leading to an Increased Range of Applications across the Industry4.2.3 Stringent Government Regulation concerning Emissions and Safety4.5 Industry Attractiveness - Porter's Five Forces AnalysisWe are always looking to hire talented individuals with equal and extraordinary proportions of industry expertise, problem solving ability and inclination.© 2020. The worldwide market for Pressure Sensors Market is expected to grow at a CAGR of roughly 6.1% over the next ten years and will reach US$ 15,965.2 Mn in 2028, from US$ 8,798.0 Mn in 2018, according to a new Market.us (Prudour Research) study. Pressure sensors with a capacitive cell have been designed to offer unique and accurate results than the existing equipment. Click here.To understand geography trends, Download Sample Report.The pressure sensor market is fragmented.