Pressure Sensor Market Analysis, Innovation Trends and Current Business Trends by 2024

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Pressure Sensor Market Share, Applications,
Segmentations Forecast by 2024 Global Market
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Regional Analysis of Pressure Sensor Market

• Pressure sensor market has a growing demand in
  the construction industry owing to the rapid
  infrastructural developments in the countries
  such as India and China. These sensors are also
  incorporated in the load monitoring systems,
  which helps in preventing the crane operator
  overloading.
• Furthermore, it helps in transmitting information
  associated with the forces acting on the crane,
  such as the motion and geometry of the crane and
  where the loads are applied.
• This information is then displayed by the load
  moment indicator, which warns the crane operator
  when the load is near or at capacity. This will
  boost the pressure sensor market demand over the
  forecast timeline.

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• Application Analysis of Pressure Sensor Market
• Based on technology, the pressure sensor market
  can be segmented into potentiometric,
  electromechanical, electromagnetic, inductive,
  capacitive, strain gauge, piezoelectric, and
  optical systems. The optical devices are capable
  to easily withstand electromagnetic intrusion and
  are progressively substituting the
  electromagnetic pressure sensors. The compact
  design and high reliability will enable optical
  systems to be used in miniaturized applications
  which will further increase the demand for the
  segment in the pressure sensor market.
• Based on application, the pressure sensor market
  is segmented into oil gas, automotive, consumer
  electronics, and utility among others. Increasing
  adoption of these products in sectors such as
  aerospace, automotive, electronics, industrial,
  healthcare, military defense, oil gas, and
  utility is anticipated to give the industry a
  substantial boost over the forecast period. Major
  industries using these systems include machinery,
  machine tools, packaging, plastics, and many
  others. Furthermore, industrial verticals such as
  automotive, electronics, and healthcare are
  expected to witness a wide implementation of
  these sensors. Other industries such as
  construction, aircraft building, shipbuilding,
  and household appliances also contributes to the
  pressure sensor market growth.

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Competitive Market Share of Pressure Sensor
Market

• The key players in the pressure sensor market
  include ABB Ltd., Denso Corporation, Honeywell
  International, Inc., General Electric, Freescale
  Semiconductor, Inc., and OMRON Corporation. Other
  notable industry players include Measurement
  Specialties, Inc., Robert Bosch GmbH, The Emerson
  Electric Company, and STMicroelectronics N.V.
  Various RD activities are being carried out by
  these industry participants to improve the power
  consumption levels of the appliances in which
  these sensors are being used.
• In October 2014, Freescale Semiconductor, Inc.
  announced the launch of a compact tire pressure
  tracking device using these products to ensure
  that the tires are inflated properly.

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