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Last updated on April 20, 2014 at 14:04 EDT

Global Pressure Sensor Market worth $7.34 Billion by 2017

October 26, 2012

DALLAS, October 26, 2012 /PRNewswire/ –

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 (
http://www.marketsandmarkets.com), 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 reports.

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.

The pressure sensor market
[http://www.marketsandmarkets.com/Market-Reports/pressure-sensor-market-871.html ] 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-depth comparative analysis of the technological and marketing strategies
the key players are adopting in order to gain an edge over the their competitors.

About MarketsandMarkets

MarketsandMarkets is a global market research and consulting company based in the U.S.
We publish strategically analyzed market research reports and serve as a business
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provides multi-client reports, company profiles, databases, and custom research services.

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devices, pharmaceuticals, semiconductor and electronics [

http://www.marketsandmarkets.com/semiconductorand-electonics-market-research-87.html

], and telecommunications and IT.

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business insight with our huge market intelligence repository.

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