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Pressure Sensor Market Share

Report ID: GMI1732
Published Date: May 2021
Report Format: PDF

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Pressure Sensor Market Share

Key participants operating in the market are

Honeywell International Inc.
Emerson Electric Co.
Sensata Technologies, Inc.
TE Connectivity
ifm electronic GmbH
Rockwell Automation, Inc.

The companies are initiating several new strategies such as mergers and acquisitions to accelerate their market position among other participants.

Authors: Suraj Gujar

Frequently Asked Questions (FAQ) :

Pressure sensor market size had surpassed USD 8.5 billion in 2020 and will register a CAGR of more than 7% through 2027.

Absolute pressure sensor market held 47% of overall revenue share in 2020 and will witness a CAGR of 7% through 2027 with increasing demand from aviation industry, military agencies, etc. as these sensors are unaffected by atmospheric pressure.

Piezoresistive segment captured 38.5% of revenue share in 2020 and will register a CAGR of over 8.5% by 2027 owing to its high response time, robustness, and frequency.

Automotive segment will capture around 28% of market share by 2027 owing to the increasing integration of advanced safety systems in vehicles.

Asia Pacific pressure sensor market had accounted for over 50.5% of revenue share in 2020 and will record a CAGR of 7.5% through 2027 on account of expanding electronics sector in South Korea, Japan and China.