Global pressure sensor market will be $12.23 billion by 2021

Pressure sensors work as transducers and generate signals based on the amount of pressure applied. Displacement in the underlying sensing elements of pressure sensors produces electrical signals such as current, resistance, capacitance or voltage. Demand for pressure sensors is growing steadily owing to the advancements in sensor designs. Portability, customization, ease of use and automation are the key factors that manufacturers need to consider to differentiate their products and services.

The global pressure sensor market is estimated to reach $12.23 billion by 2021. Americas regions are the market leader. However, APAC will emerge as the market leader in the forecast period. The fastest growing market is APAC market and APAC will lead the market in the future. Sales for industrial and automotive pressure sensor coupled with increasing investment in Automation and new manufacturing facilities will likely to propel the market for pressure sensor in the region.

Major players in the pressure sensor for automotive market include Bosch Sensortec GmbH (Germany), Sensata Technologies (U.S.), Continental AG (Germany), Denso Corporation (Japan) and Infineon Technologies (Germany).

Credit: IndustryARC.

More information can be found at: IndustryARC.




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