As per the findings of the report, the global pressure sensors market value stood at $5.11 billion in 2018, and the opportunities are projected to grow at a CAGR of 13% during the forecast period 2019-2025.The is report titled: “[URL=https://industryarc.com/PressRelease/961/Pressure-Sensors-Market-Research.html]Pressure Sensors Market[/URL]: By Application (Leak Testing, Pressure, Altitude, others); By Product Type (Gauge, Vacuum, Differential, others); By Technology (Piezoresistive, Electromagnetic, Others); By Verticals (F&B, Automotive, Chemical, Others); By Geography - Forecast (2019-2025).”
Global Pressure Sensors Market: Demand Analysis\
Pressure sensors are the components which are preferred to measure the pressure of gases and liquids. MEMS pressure sensors are the ideally chosen ones among gauge pressure sensors, vacuum pressure sensors, differential pressure sensors, absolute pressure sensors, and a sealed pressure sensor. Prevalent use of manifold absolute pressure sensors to measure the pressure of exhaust gas recirculation systems (EGR), leaks in fuel systems for evaporative emissions, and fuel injection system pressure are in a rise in the automotive industry.
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Global Pressure Sensors Market: Leading Segments
North America is recognized as the leading region in the global pressure sensors market with a share of 34.09% among other regions as of 2018. The imported value was $ 3,298,748 thousand in 2017 which accounts for an 11% annual growth in value from 2016-2017.
Automotive application is noted as the fastest growing application with a healthy CAGR of 14.10% over the aforesaid forecast period. Emerging microelectromechanical systems (MEMS) technology in designing the sensors is identified as the most suitable one to produce micromachined sensors. OEM pressure sensors are the most beneficial sensors in the automotive applications as they are the first sensor solutions for fuel applications.
Global Pressure Sensors Market: Disruptive Trends
Smart sensors of biomedical engineering support real-time monitoring of the temperature and blood pressure of a human body.
Piezoresistive technology is currently dominance in use, to produce automotive pressure sensors. In addition to this, it is extensively used in biomedical applications and household appliances.
Ceramic pressure sensors are the ideal choices for several industrial applications if their critical requirements are specific to accuracy, dynamic range, and corrosion resistance.
Evolving the wearable devices industry utilizing the opportunity to invest in developing high and accurate and durable Nanoelectromechanical systems (NEMS) based pressure sensors.
Global Pressure Sensors Market: Competitive Landscape
AlphaSense, City Technology Ltd., Dynament Ltd., Figaro Engineering Inc., Membrapor AG, Nemoto & Co., Ltd., Robert Bosch LLC., ABB Ltd., Siemens AG, and GfG Europe Ltd
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