Business Market Updates

Pressure Sensor Market to 2024 – Growing Steady at 6.3% CAGR and Projected to Reach US$ 23.6 Billion

Pressure Sensor Market
Press Release

According to Market Study Report, Pressure Sensor Market provides a comprehensive analysis of the Pressure Sensor Market segments, including their dynamics, size, growth, regulatory requirements, competitive landscape, and emerging opportunities of global industry. This report also provides market landscape and market share information in the Pressure Sensor Market. An exclusive data offered in this report is collected by research and industry experts team.

The Pressure Sensor Market is projected to grow from US$ 17.4 Billion in 2019 to US$ 23.6 Billion by 2024, recording a CAGR of 6.3%. This report spread across 235 Pages, Profiling 10 Companies and Supported with 107 Tables and 79 figures is now available in this research.

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Top Companies profiled in the Pressure Sensor Market:

  • Honeywell (US)
  • ABB (Switzerland)
  • Amphenol (US)
  • BD Sensors (Germany)
  • Emerson Electric (US)
  • First Sensor (Germany)
  • Micro Sensor (China)
  • Quartzdyne (US)
  • Sensata Technologies (US)
  • Crane (US)

“Automotive end-user industry to hold the largest share in the pressure sensor market by 2024”

The automotive segment in the pressure sensor market is projected to hold the largest share during the forecast period. This segment is projected to retain its lead in the market during the forecast period due to the increasing usage of pressure sensors in the automotive industry and focus of manufacturers to comply with the mandates laid down by governments. For instance, in the engine management systems, to enhance the efficiency of car engines, pressure sensors have to accurately monitor engine conditions, such as air volume and exhaust gas pressure of the EGR system.

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“APAC to be the largest pressure sensor market by 2024”

APAC is projected to hold the largest share in the pressure sensor market during the forecast period. China, India, South Korea, and Japan are the major contributors to the growth of the pressure sensor market in Asia Pacific. The pressure sensor market in Asia Pacific is projected to be driven by the emerging automobile and industrial manufacturing companies and the rising demand for pressure sensors from the overseas markets of North America and Europe.

Competitive Landscape of Pressure Sensor Market:

1 Introduction

2 Ranking Analysis of Players in the Pressure Sensor Market

3 Competitive Leadership Mapping

3.1 Visionary Leaders

3.2 Innovators

3.3 Dynamic Differentiators

3.4 Emerging Companies

4 Strength of Product Portfolio (25 Companies)

5 Business Strategy Excellence (25 Companies)

6 Competitive Scenario

6.1 Product Launches

6.2 Partnerships, Collaborations, Contracts, and Agreements

6.3 Mergers & Acquisitions

6.4 Expansions

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Reason to purchase this report:

  • This report segments the pressure sensor market comprehensively and provides the closest approximations of the overall and segment-based market sizes across different product type, technology, application, end-user industry, and regions.
  • The report would help stakeholders understand the pulse of the market and provide them with information on key drivers, restraints, challenges, and opportunities for the growth of the market.
  • This report would help stakeholders understand their competitors better and gain more insights to enhance their market position. The competitive landscape section includes the competitive analysis of top players, as well as strategies such as product launches and developments, mergers and acquisitions, partnerships, and contracts adopted by major market players.

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