The Asia Pacific pressure sensors market is projected to reach USD 2.90 billion by 2018 growing at a CAGR of 7.03% over the period 2014-2020. Asia Pacific is the largest and the fastest growing region for the global pressure sensors market and it is projected to continue its dominance due to increasing production of motor vehicles, which use pressure sensors, in countries such as Japan, South Korea, China, and India.
The pressure sensors market is dominated by piezoresistive and capacitive sensors as they are heavily used in automotive, medical, petrochemical, oil and gas industries. Optical and resonant solid-state sensors are projected to exhibit high growth over the forecast period due to their applications in hazardous environments. Technological advancements and nanotechnology applications are the future opportunities for pressure sensor market.
The Asia Pacific pressure sensors market is segmented on the basis of technology and end-user industry. Consumer electronics application segment is analyzed to record the fastest growth in this market. Increasing automobile production, rapid industrialization, lower operational costs, and growing middle class in the emerging economies of Asia Pacific act as the key drivers of the pressure sensors market over the forecast period.
This report describes a detailed study of the Porter’s five forces analysis, market segments, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. It also covers the market landscape of these players which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry. Some of the leading suppliers of proximity sensors mentioned in the report are:
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