Capacitive Ceramic Pressure Sensors Market Size

Capacitive Ceramic Pressure Sensors Market Analysis

The Capacitive Ceramic Pressure Sensors Market was valued at USD 772.12 million in 2020 and is expected to reach USD 1,205.93 million by 2026, registering a CAGR of 7.34% during the forecast period (2021-2026). The global pandemic has influenced the automotive and manufacturing industries significantly over the last year. The manufacturing industry shrunk considerably due to the pandemic. The sector faced unprecedented challenges in the supply chain and procurement of raw materials, which resulted in significant losses for manufacturers. In addition, few industries, such as food & beverage and pharmaceutical, were deemed essential by governments. However, a considerable share of the manufacturers faced shut down for weeks. Currently, after the re-opening, they are meeting declined demands, investments about workforce safety, supply chain challenges, and due to reduced demands, production plants are either running at half the capacity or shut down.

• Pressure sensors with a capacitive cell have been designed to offer exceptional and accurate results than the existing equipment. The distinct advantages of ceramic material allow sensors to provide long-term stability and reliability, with high resistance to pressure. These have vital importance in the industry, owing to their excellent inert nature to corrosion and abrasion. This increased stability in testing environments has resulted in capacitive ceramic pressure sensors witnessing an increasing range of applications across various industries.
• In recent years, pressure sensors are among the most widely used sensors in the industrial sectors, which are common in various industrial automatic control environments, including water conservancy and hydropower, railway transportation, intelligent buildings, automatic production control, aerospace, petrochemical, oil wells, Power, ships, machine tools, pipelines, etc.
• The market outlook studied is positive and is expected to grow significantly due to the emergence of enhanced applications in high-growth sectors, such as healthcare and machine handling. These sensors offer better price-performance than other forms of sensors by relying on economies of scale advantages. The growth of capacitive ceramic pressure sensors has been driven by medical, industrial, and automotive applications, majorly in oil and gas industries, marine industry, and chemical industry.
• Further, the growth of factory automation in Europe, the Middle East, and Africa and the growing adoption of smart automobiles drive the capacitive ceramic pressure sensor market in these regions. These regions witness high activities of mergers and partnerships. For instance, Pewatron AG merged with Angst+Pfister Group to form a new brand, Angst+Pfister Sensors and Power, to expand its line of sensors and other power electronics-related components in March 2021.
• Moreover, Piezoresistive type ceramic pressure sensors are among the most common types of pressure sensors. They use the change in electrical resistance of a material when stretched to measure the pressure. Such sensors are suitable for a variety of applications owing to their simplicity and robustness. Apart from these, there is various type of pressure sensors available in the market which find application in specific equipment & industries as well as environments; however, these pressure sensors are cost-effective, and with the proliferation of MEMS technology the price of the sensors has declined significantly over the last few years and have vast applications in consumer electronics.