Explore Air Pressure Sensor Market research size, analysis, and forecast report by 2015 – 2025

(Markitwired via Comtex)

VALLEYCOTTAGE, N.Y. - Increase in demand for reliable sensors, low costalong with high performance feature is anticipated to fuel the growth of globalair pressure sensor market.Air pressure sensor is a measuring converter of thepressure of a gas or liquid into pneumatic, electric, and other kinds of outputsignal. It is also used for measuring pressure drops and rarefaction. Thedemand for air pressure sensors market is rapidly increasing as they are widelyused across various applications such as petrochemicals, building, shipbuilding,aircraft, and medical sector, among many others. In building, medical andautomotive sector, MEMS-based pressure sensors (technology) are widely used. Additionally, on account of industry shift from analog to digital, airpressure sensors have become smarter in terms of sensing and efficiencyperformance. Advancements in ICT technology as well as Nanotechnologyapplications are emerging as new trends for the global air pressure sensormarket.

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Air Pressure Sensor Market: Drivers & Restraints

Improved sensitivity in pressure sensors has stronglycontributed to the demand of the global air pressure sensor market. Fast growthin Asia-Pacific region, increasing governmental regulation and vehicleproduction are the key factors driving the growth in the global air pressuresensor market. Advancement in technology is opening new doors to the growth ofpressure sensors for medical and automotive applications. In coming years, itis anticipated that penetration of MEMS technology is going to lead the overallglobal air pressure sensor market. However, higher cost of the investment forproduction, could act as a major restraint in the global air pressure sensormarket.

Air Pressure Sensor Market: Segmentation

On the basis of technology, the global air pressure sensor market issegmented as:

  • Electromagnetic
  • Capacitive
  • Piezoresistive
  • Optical
  • Others (Resonant solid-state)

On the basis of applications the global air pressuresensor market is segmented as:

  • Automotive Pressure Sensors
  • Medical Sector
  • Industrial Sector
  • Consumer Electronics
  • Others (Refineries, Chemical plant, Pulp & paper, etc)

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Air Pressure Sensor Market: Region-wise Outlook

The global air pressure sensor market is expected toregister a favourable growth for the forecast period, 2015?2025. On the basisof region, Asia Pacific, Japan and Latin America are expected to be the growthengines of air pressure sensor market in the near future. Asia-Pacific isanticipated to dominate the global air pressure sensor market. The key countriesmentioned in the Asia-Pacific region are India, South Korea, and China as anoutcome of growth in application sectors. Also, the region is expected togenerate higher revenue as compared to North America (is practically maturing).Japan also contributes to the global air pressure sensor market remarkably. InLatin America, Brazil is expected to be the largest opportunity in terms ofrevenue of the air pressure sensor market. The remaining regions are expectedto grow at a steady rate over the forecast period.

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AirPressure Sensor Market: Key Players

Some of the key market participants in global air pressure sensormarket are ABB Ltd., Analog Devices, Inc., Analog Devices, Inc., AnalogDevices, Inc., Emerson Electric, General Electric, Freescale Semiconductor,Honeywell International, Robert Bosch GmbH and others.

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