Europe’s pressure sensors market is projected to reach USD 2.09 billion by 2022, growing at a CAGR of 7.01% over the period 2017-2022. Technological advancements have brought versatility and reliability to the pressure sensors. High growth in MEMS and piezoelectric pressure technologies are expected to ensure deeper penetration of pressure sensors in the European market.
Pressure transmitters are also incorporated with additional functionalities such as temperature monitoring, detection of leaks, and providing feedback to the control system. With the end-users looking for better asset management, such combination sensing systems will find a greater demand in the future, acting as a key driver for the lucrative growth of the pressure sensors market.
The pressure sensors market is dominated by piezoresistive and capacitive sensors as they are heavily used in automotive, medical, petrochemical, and oil & 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 the pressure sensors market.
Europe’s pressure sensors market is segmented on the basis of technology and end-user industry. Europe accounts for 26% of the global pressure sensors market. This report gives a detailed study of 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. The report 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 pressure sensors mentioned in the report are:
What the Report Offers
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Research Methodology
1.4 Key Findings of the Study
1.5 Market Definition
2. Executive Summary
3. Market Dynamics
3.1 Market Overview
3.2 Market Drivers
3.2.1 Growth in the most prominent end-user verticals such as automotive and healthcare industry.
3.2.2 Increasing adoption of the MEMS and NEMS systems in the industry
3.2.3 Emphasis on miniaturization and integration of advanced technology in products.
3.3 Restraints in the Market
3.3.1 High cost associated with sensing products.
3.4 Opportunities in the Market
3.4.1 Evolution of Smart Infrastructure Concepts across Industries
3.4.2 Role of Sensors in realizing a completely automated environment.
3.5 Industry Value Chain Analysis
3.6 Industry Attractiveness - Porter's Five Force Analysis
3.6.1 Bargaining Power of Suppliers
3.6.2 Bargaining Power of Consumers
3.6.3 Threat of New Entrants
3.6.4 Threat of Substitute Products
3.6.5 Existing Competitive Rivalry in the Market
3.7 Industry Policies
4. Technology Snapshot
5. Market Segmentation and Forecast
5.1 By Type
5.2 By Technology
5.2.6 Resonant Solid State
5.3 By Application
5.3.2 Consumer Electronics
5.3.4 Oil & Gas
5.3.6 Environmental & Utlility Monitoring Applications
5.4.2 United Kingdom
6. Competitive Intelligence - Company Profiles
6.1 Robert Bosch GmbH
6.2 Honeywell International Inc.
6.3 Infineon Technologies AG
6.4 NXP Semiconductor N.V.
6.5 Denso Corporation
6.6 ST Microelectronics NV
6.7 Omron Corporation
6.8 Sensata Technologies, Inc.
6.9 Emerson Electric Company
6.10 Measurement Specialities, Inc.
6.11 Kavlico Corporation
6.12 Analog Devices, Inc.
6.13 Siemens AG
7. Investment Analysis
7.1 Recent Mergers & Acquisitions
7.2 Investment Outlook
8. Future of Pressure Sensors Market