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Pressure Sensor Market - Global Forecast to 2023 - Increasing Demand from Automotive & Medical Industries - Research and MarketsThe "Pressure Sensor Market - Global Forecast to 2023" report has been added to Research and Markets' offering. The pressure sensor market is expected to grow from USD 8.30 Billion in 2017 to USD 11.30 Billion by 2023, at a CAGR of 5.27% between 2017 and 2023. The key factors driving the growth of the pressure sensor market are advancements in MEMS technology and its rapid adoption in connected devices, growing demand from automotive and medical device industries, increasing adoption of pressure sensors in consumer goods and wearables, and stringent government regulations. Moreover, the development strategies implemented by the players operating in the pressure sensor market, such as agreements, product launches and developments, partnerships, collaborations, mergers and acquisitions, further help boost the market growth. However, the major restraining factor for the growth of this market is the intense pricing pressure. The absolute pressure sensor is expectedto hold a large share of the overall pressure sensor market owing to the increased use of pressure sensors in the automotive, medical, industrial, and utilities industries for oil pressure monitoring, fuel pressure monitoring, nitrous pressure monitoring, and transmission pressure monitoring. The largest share of the pressure sensor for the automotive application can be attributed to the increased use of pressure sensors in the oil pressure monitoring, fuel pressure monitoring, nitrous pressure monitoring, transmission pressure monitoring, and tire pressure monitoring. Companies Mentioned:
Key Topics Covered: 1. Introduction 2. Research Methodology 3. Executive Summary 4. Premium Insights 5. Market Overview 6. Pressure Sensor Market, By Product Type 7. Pressure Sensor Market, By Technology 8. Pressure Sensor Market, By Application 9. Geographic Analysis 10. Competitive Landscape 11. Company Profiles For more information about this report visit https://www.researchandmarkets.com/research/6nl9vn/pressure_sensor View source version on businesswire.com: http://www.businesswire.com/news/home/20171128005715/en/ |
