The Worldwide Pressure Sensor Industry is Expected to Reach $25.7 Billion by 2027 - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Pressure Sensor Market Research Report by Type, Technology, Application, Region - Global Forecast to 2027 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.

The Global Pressure Sensor Market size was estimated at USD 16.17 billion in 2021, USD 17.43 billion in 2022, and is projected to grow at a CAGR 8.03% to reach USD 25.71 billion by 2027.

Competitive Strategic Window:

The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.

FPNV Positioning Matrix:

The FPNV Positioning Matrix evaluates and categorizes the vendors in the Pressure Sensor Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.

Market Share Analysis:

The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.

The report provides insights on the following pointers:

1. Market Penetration: Provides comprehensive information on the market offered by the key players

2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets

3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments

4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players

5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the Global Pressure Sensor Market?

2. What are the inhibiting factors and impact of COVID-19 shaping the Global Pressure Sensor Market during the forecast period?

3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Pressure Sensor Market?

4. What is the competitive strategic window for opportunities in the Global Pressure Sensor Market?

5. What are the technology trends and regulatory frameworks in the Global Pressure Sensor Market?

6. What is the market share of the leading vendors in the Global Pressure Sensor Market?

7. What modes and strategic moves are considered suitable for entering the Global Pressure Sensor Market?

Market Dynamics

Drivers

• Potential demand attributed to overgrowing automotive sectors worldwide
• Stringent governmental regulations associated with industrial safety and security
• Increasing adoption of electronic devices with high investments for electronic manufacturing industries

Restraints

• High cost associated with manufacturing and installations of pressure sensors

Opportunities

• Upsurging governmental initiatives for automation of industrial sectors across the globe
• Ongoing shift towards IoT-based devices with higher incorporation of IoT-based solutions in manufacturing sectors

Challenges

• Concern regarding high tariffs and regulatory issues for the trading of electronic commodities

Companies Mentioned

• ABB Ltd.
• Amphenol Corporation
• BD SENSORS GmbH
• Bosch Sensortec GmbH
• ChampionX Corporation
• Emerson Electric Co.
• Honeywell International Inc.
• Infineon Technologies AG
• Micro Sensor Co. Ltd.
• Microchip Technology Inc.
• NXP Semiconductors N.V.
• Qualcomm Technologies, Inc.
• Renesas Electronics Corporation
• Rockwell Automation
• Sensata Technologies, Inc.
• Siemens AG
• STMicroelectronics
• TE Connectivity
• Texas Instruments Incorporated
• TT Electronics Plc

For more information about this report visit https://www.researchandmarkets.com/r/ytb65j