Pressure Sensor Market by Technology (Piezoresistive, Capacitive, Electromagnetic, Others) worth 9.48 Billion USD by 2020

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MarketsandMarkets Presents
Pressure Sensor Market by Technology
(Piezoresistive, Capacitive, Electromagnetic,
Others) worth 9.48 Billion USD by 2020
http//www.marketsandmarkets.com/Market-Reports/pr
essure-sensor-market-871.html
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The report "Pressure Sensor Market by Technology
(Piezoresistive, Capacitive, Electromagnetic,
Others), Application (Automotive, Medical,
Consumer Electronics, Others), Geography (North
America, South America, Europe, APAC, RoW) -
Global Forecast to 2020", was valued at USD 6.7
Billion in 2014 and is expected to reach USD 9.48
Billion by 2020, at a CAGR of 5.9 during the
forecast period, 2015 to 2020. Browse 67 tables
and 94 figures spread through 166 pages and
in-depth TOC on "Pressure Sensor Market - Global
Forecast to 2020" http//www.marketsandmarkets.co
m/Market-Reports/pressure-sensor-market-871.html
             

     
          
          
              

     
          
          
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The report on the global pressure sensor market
has been segmented on the basis of technology,
application, and geography. The report analyzes
competitive developments, such as alliances,
joint ventures, and mergers acquisitions in the
global pressure sensor market. The major drivers
for the growth of this market are increased
demand for pressure sensors from the automotive
industry as they have great applicability in the
industry. Automotive companies use pressure
sensors to measure oil pressure, fuel pressure,
nitrous pressure, transmission pressure, and tire
pressure. Additionally, pressure sensors are also
used in airbag systems for safety purposes.
Another important factor driving the global
pressure sensor market is the increase in the
number of advancements taking place in
micro-electro-mechanical-systems (MEMS)
technologies. The continuous advancements in MEMS
technologies have resulted not only in the
reduction of package size for pressure sensors
but have also led to reduction in their cost and
weight. Another major factor driving the global
pressure sensor market is the stringent
implementation of various government regulations
to ensure safety of the passengers in the
vehicles. Governments all over the world are
mandating
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essure-sensor-market-871.html
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various acts to ensure safety of passengers in
the automobiles. For instance, the TREAD Act in
the U.S. has made installation of TPMS (Tire
Pressure Monitoring System) mandatory in all
types of vehicles so as to warn the driver about
the under inflation of vehicle, within 20 minutes
of its detection. Similarly, on November 1, 2012,
the European Union issued instructions that all
new passenger car models (M1) released, must be
equipped with a TPMS. These safety regulations
have provided an impetus to the growth of the
global pressure sensor market. Currently, the
global pressure sensor market is dominated by
various market players, such as Honeywell
International, Inc. (U.S.), Freescale
Semiconductor, Inc. (U.S.) and Measurement
Specialties, Inc. (U.S.). The global pressure
sensor market is expected to witness substantial
growth in the coming years. There is increasing
adoption of pressure sensors in various sectors,
such as automotive, medical, industrial segment,
utility, consumer electronics, oil gas,
military defense, and aviation. The automotive
and medical segments are the leading application
segments, which together held more than 45 share
in the global pressure sensor market in
2014. The research study is aimed at identifying
emerging trends and opportunities in
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essure-sensor-market-871.html
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the global pressure sensor market along with
detailed classifications, in terms of revenue and
volume. The report provides comprehensive
competitive landscapes and identifies the key
players with respect to market size and market
share. The research study also includes a
detailed segmentation of the global pressure
sensor market, on the basis of application,
technology, and geography. Apart from the market
segmentation, this report also makes use of the
Porters Five Forces Analysis, which provides an
in-depth analysis of the market providing a
detailed process flow diagram and market
dynamics, such as drivers, restraints, and
opportunities in the global pressure sensor
market. This report profiles the key companies
operational in the global pressure sensor market,
which include Honeywell International, Inc.
(U.S.), Measurement Specialties, Inc. (U.S.),
Freescale Semiconductor, Inc. (U.S.), Robert
Bosch GmbH (Germany), The Emerson Electric
Company (U.S.), ABB Ltd. (Switzerland), Denso
Corporation (Japan), General Electric (U.S.),
OMRON Corporation (Japan), and STMicroelectronics
N.V. (Switzerland).
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essure-sensor-market-871.html
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