Global “Piezoresistive Pressure Sensors Market” Report 2021 (value and volume) by company, regions, product types, end industries, history data and estimate data. Also, Report contains a comprehensive analysis of the important segments like market opportunities, import/export details, market dynamics, key manufacturers, growth rate, and key regions. This report focuses on the Piezoresistive Pressure Sensors in the Global market, especially in the United States, Europe, China, Japan, South Korea, North America, India. Piezoresistive Pressure Sensors Market report categorizes the market based on manufacturers, regions, type, and application. Piezoresistive Pressure Sensors Market reports offer a detailed assessment of the Piezoresistive Pressure Sensors including enabling technologies, current market situation, market assumptions, restraining factors.
The Global Piezoresistive Pressure Sensors market swot is provided for the international markets including progress trends, competitive landscape breakdown, and key in regions development status. Development policies and plans are discussed as well as manufacturing processes and cost structures are also analyzed.
The global piezoresistive pressure sensors market was valued at USD 0.857 billion in 2017, and is expected to reach a value of USD 1.265 billion by 2023 at a CAGR of 5.36%, during the forecast period (2018-2023). The scope of the report is limited to automotive, healthcare, consumer electronics, industrial, and oil & gas. While the regions considered in the scope of the report include North America, Europe, Asia pacific, and the rest of the world.
Emphasis on Miniaturization of Equipment
Despite the advancements in the technologies, the demand for handheld electronic devices with small form factor have a huge influence in various sectors, such as automotive, consumer electronics, aerospace, media, and retail. Industries such as aerospace and bio-medical are comparatively more stringent in terms of size and weight requirements. They are gaining more traction in the aviation sector, stimulated by the benefits offered by miniaturization, which provide fine sensitivity, as well as better linearity. Since, it is very important to measure certain quantities, such as flow velocity, dynamic wall pressure, wall shear stress on different surfaces (curved/flat) without interfering the flow, and others, the devices, which offer the measurements with more precision will be preferred. These stringent requirements are being satisfied by the miniaturized piezoresistive pressure sensors. The consumer electronics devices sector is another major sector, which has a huge demand for miniaturization. The growing demand for wearable sensors is the major driver for the market growth in the consumer electronics sector. The low power consumption and the lowest possible sizes are the major factors, which give competitive edge over the industry players. This has resulted in more emphasis on miniaturization of the devices.
Automotive Industry is Expected to be One of the Most Primary Elements Driving the Growth of the Market
Due to the increasing purchasing power of the millennial population, there is a continuous demand for passenger cars. For an average consumer, trucks are reliable options, as they have better fuel efficiency and safety features. These factors drive the growth of heavy weight vehicles. Premium vehicles and utilities continue to drive the sales of light vehicles, which cumulatively contribute to an increase in the demand for pressure sensors during the forecast period.
The industry occupies a significant share of the overall market, on account of the increasing adoption of pressure sensors in the oil level, air pressure detection systems, among other vital functions in automobiles. Piezoresistive sensors have a rather wide range of sensitivity, which essentially expands the application areas of pressure sensors in the automotive industry. The use of ceramic-based sensors in the industry has been instigated by the fact that the automotive pressure sensors need to operate under extreme temperatures from -40 degrees to over 150 degrees Celsius. Ceramic has a certain higher level of robustness compared to the conventional silicon alternatives. The use of ceramic further enhances the performance of piezoresistive pressures to increase the accuracy of detection. Ceramic has an inert nature to the majority of liquids in the automotive environment, such as to fuels, oil, brake fluids, cleaners, and water, among others. A strong design of sensors will enhance the reliability and long operational life of pressure sensors in the conditions, to provide formidable results. This huge growth for the automotive industry is expected to drive the growth of the adoption of pressure sensors for different applications in the automotive industry. Ceramic sensors have been the favorite for manufacturers, as they provide an ideal solution to the cost conscious automotive industry in the long run as effective packaging ensures the longevity and reliability of piezoresistive pressure sensors in usage.
North America Accounted For the Highest Market Share
North America accounted for the highest market share in the global market with a market share, followed by Europe and Asia-Pacific. North American region has a very active industrial sector and is influencing a robust growth in the automotive, as well as the healthcare industry and hence, has the potential to remain one of the strong markets in the piezoresistive pressure sensors market. The United States contributes to majority of the market share in the region, followed by Canada, as per our research. The United States is expected to occupy more than three quarters of the entire North American market share in the global market.
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The global Piezoresistive Pressure Sensors market covers the vision of participant analysis by product types, market share, applications, sales, and revenue.
Piezoresistive Pressure Sensors Market Report covers the Top Key-players in 2021:-
- BD Sensors GmbH
- Delta Electronics (Eltek Group)
- Impress Sensors & Systems Ltd
- Metallux SA
- Honeywell International Inc.
- BCM Sensor Technologies BVBA
- Pewatron AG
- First Sensor AG
- Fortive Corporation (Negele Messtechnik GmbH)
- TE Connectivity
- Ninghai Sendo Sensor Co Ltd.
Highlighted points of Piezoresistive Pressure Sensors Market Size:
- Covers the varying market dynamics of the industry.
- In-depth analysis of market risks, opportunities, limitations, and growth of the market.
- Includes market driving and restraining factors.
- Participants profiles along with product description, overview, and business data.
- Include details of five years of forecast analysis by types, regions, and applications.
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This Piezoresistive Pressure Sensors Market Research/analysis Report Contains Answers to your following Questions
- Which Manufacturing Technology is Used for Piezoresistive Pressure Sensors? What Developments Are Going On in That Technology? Which Trends Are Causing These Developments?
- Who Are the Global Key Players in This Piezoresistive Pressure Sensors Market? What’s Their Company Profile, Their Product Information, Contact Information?
- What Was Global Market Status of Piezoresistive Pressure Sensors Market? What Was Capacity, Production Value, Cost and PROFIT of Piezoresistive Pressure Sensors Market?
- What Is Current Market Status of Piezoresistive Pressure Sensors Industry? What’s Market Competition in This Industry, Both Company, and Country Wise? What’s Market Analysis of Piezoresistive Pressure Sensors Market by Taking Applications and Types in Consideration?
- What Are Projections of Global Piezoresistive Pressure Sensors Industry Considering Capacity, Production and Production Value? What Will Be the Estimation of Cost and Profit? What Will Be Market Share, Supply and Consumption? What About Import and Export?
- What Is Piezoresistive Pressure Sensors Market Chain Analysis by Upstream Raw Materials and Downstream Industry?
- What Is Economic Impact On Piezoresistive Pressure Sensors Industry? What are Global Macroeconomic Environment Analysis Results? What Are Global Macroeconomic Environment Development Trends?
- What Are Market Dynamics of Piezoresistive Pressure Sensors Market? What Are Challenges and Opportunities?
- What Should Be Entry Strategies, Countermeasures to Economic Impact, Marketing Channels for Piezoresistive Pressure Sensors Industry?
Key Developments in the Piezoresistive Pressure Sensors Market:
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Finally, the report Global Piezoresistive Pressure Sensors Market 2021 describes the Piezoresistive Pressure Sensors industry expansion game plan, the Piezoresistive Pressure Sensors industry knowledge supply, appendix, analysis findings, and the conclusion.
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