Global pressure sensor industry expected to reach $25.7 billion by 2027 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Pressure Sensors Market Research Report by Type, Technology, Application, Region – Global Forecast to 2027 – Cumulative Impact of COVID-19” report has been added to from ResearchAndMarkets.com offer.

The global pressure sensor market size was estimated to be USD 16.17 billion in 2021, USD 17.43 billion in 2022, and is projected to grow at a CAGR of 8.03% to reach USD 25.71 billion by 2027.

Competitive Strategy Window:

The strategic competitive window analyzes the competitive landscape in terms of markets, applications and geographies to help the vendor define an alignment or match between its capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for vendors to adopt successive strategies of merger and acquisition, geographic expansion, research and development, and new product introduction strategies to execute further business expansion and growth. during a forecast period.

FPNV positioning matrix:

The FPNV Positioning Matrix rates and categorizes the vendors in the Pressure Sensors Market based on business strategy (business growth, industry coverage, financial viability, and channel support) and product satisfaction (ratio price-performance, ease-of-use, product features, and customer support) that helps businesses make better decisions and better understand the competitive landscape.

Market share analysis:

The market share analysis offers the analysis of the vendors considering their contribution to the overall market. It gives the idea of ​​its revenue generation in the overall market compared to other providers in the space. It provides information on the performance of vendors in terms of revenue generation and customer base compared to others. Knowing the market share gives an idea of ​​the size and competitiveness of suppliers for the reference year. It reveals the characteristics of the market in terms of accumulation, fragmentation, dominance and merger.

The report provides information about the following pointers:

1. Market Penetration: Provides comprehensive information about the market offered by major players

2. Market Development: Provides detailed information on lucrative emerging markets and analyzes penetration in mature market segments

3. Market Diversification: Provides detailed information on new product launches, untapped geographies, recent developments and investments

4. Competitive Assessment and Intelligence: Provides a comprehensive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of key players

5. Product Development and Innovation: Provides smart insights into future technologies, R&D activities, and breakthrough product developments

The report answers questions such as:

1. What is the market size and forecast of the global pressure sensors market?

2. What are the inhibiting factors and impact of COVID-19 on the Global Pressure Sensor Market during the forecast period?

3. What are the products/segments/applications/areas to invest in during the forecast period in the Global Pressure Sensors Market?

4. What is the competitive strategic window for opportunities in the Global Pressure Sensors Market?

5. What are the technology trends and regulatory frameworks in the global pressure sensors market?

6. What is the market share of the major vendors in the global pressure sensor market?

7. What modes and strategic moves are considered suitable for entering the Global Pressure Sensors Market?

Market dynamics

Drivers

  • Potential demand attributed to growing automotive sectors globally

  • Strict government regulations associated with industrial safety and security

  • Increased adoption of electronic devices with high investments for electronic manufacturing industries

Constraints

  • High cost associated with manufacturing and installing pressure sensors

Opportunities

  • Growing government initiatives for the automation of industrial sectors across the world

  • Continued evolution towards IoT-based devices with greater integration of IoT-based solutions in manufacturing sectors

Challenges

  • Concern over high tariffs and regulatory issues for e-commerce

Companies cited

  • ABB Ltd.

  • Amphenol Corporation

  • BD SENSORS GmbH

  • Bosch Sensortec GmbH

  • ChampionX Corporation

  • Emerson Electric Co.

  • Honeywell International Inc.

  • Infineon Technologies SA

  • Micro Sensor Co. Ltd.

  • Microchip Technology Inc.

  • NXP Semiconductors AG

  • Qualcomm Technologies, Inc.

  • Renesas Electronics Corporation

  • Rockwell Automation

  • Sensata Technologies, Inc.

  • Siemens AG

  • STMicroelectronics

  • TE connectivity

  • Texas Instruments Incorporated

  • TT Electronics Plc

For more information on this report, visit https://www.researchandmarkets.com/r/ytb65j

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