LONDON--(BUSINESS WIRE)--According to the latest market research report released by Technavio, the global pressure sensors market is expected to register a CAGR of over 7% during the forecast period. However, the growth momentum of the market is expected to decelerate due to a decline in the year-over-year growth.
This research report titled ‘Global Pressure Sensors Market 2018-2022’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. It also includes an up-to-date analysis and forecasts for various market segments and all geographical regions.
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
The market research analysis categorizes the global pressure sensors market into the following applications:
- Automotive
- Biomedical
- Consumer electronics
- Oil and gas
- Industrial
In 2017, the automotive segment accounted for almost 27% of the global market and is projected to decline to nearly 26% by 2022, exhibiting almost 1% decrease in market share.
Global pressure sensors market: Top emerging trend
The growing acceptance of smart sensors and sensor fusion technology is an emerging trend in the pressure sensors market. The traditional pressure sensors generate an electrical signal with a varying voltage, which is proportional to the pressure recorded. But the signal may not provide any compensation for the temperature. Hybrid fusion sensors can be created to overcome this as they can generate an electrical signal without any temperature loss.
Looking for more information on this market? Request a free sample report
Technavio’s sample reports are free of charge and contain multiple sections of the report including the market size and forecast, drivers, challenges, trends, and more.
Technavio’s report provides expert market research on the following topics:
Executive Report
- Market Outline
- Global Pressure Sensors Market Overview
Market Insights
- Market Sizing and Forecasts
- Market Growth
- Market Drivers and Challenges
- Key Emerging Trends
Market Segmentation Analysis
- Regional comparison (APAC, Americas, and EMEA)
- Key leading countries
- Market segmentation by application (automotive, biomedical, consumer electronics, oil and gas, and industrial)
Vendor Landscape
- Vendor classification
- Market positioning of vendors
- Competitive scenario
- Analysis of top vendors (Bosch, Continental, DENSO, Infineon Technologies, and Sensata Technologies)
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
If you are interested in more information, please contact our media team at media@technavio.com.
