Pressure Sensors Market Expected to GrowMay 8, 2013
Global sales are predicted to reach more than $11 billion by end-2018, fuelled by increasing car production and technology advances, with Asia-Pacific expected to be the largest and fastest growing regional market.
LONDON /BUSINESS WIRE/ -- The global market for pressure sensors is anticipated to be worth over $11 billion by end-2018, primarily fuelled by growing car production and advancements in the sensor technology. The Asia-Pacific region is the largest regional market worldwide, and is also the fastest growing, with sales set to grow at about 8.5% CAGR during the forecast period. Rising investments in the manufacturing sector in the region are anticipated to have a positive impact on pressure sensors. Process control markets in China, India, and other Asia-Pacific nations keep on expanding at an encouraging tempo, and the yet untapped potential encourages a rosy outlook for the region's pressure sensors market.
ABB Ltd., Continental AG, Delphi Corp., Bosch Sensortec, DENSO Corp., ELMOS Semiconductor AG, EPCOS AG, First Sensor, General Electric, Goodrich Corp., Freescale Semiconductor Inc., Honeywell International Inc., Measurement Specialties Inc., Infineon Technologies AG, Melexis Microelectronic Integrated Systems N.V, and TT Electronics Plc, among others, are the major players in the global marketplace.
The insightful study, "Pressure Sensors: Market Research Report" worked out by Global Industry Analysts (GIA) gives a comprehensive coverage of the pressure sensors market in the global arena, alongside giving annual market estimates (historical and current) and forecasts up to 2018 for the key geographic markets like the U.S., Canada, Japan, Europe, the Asia-Pacific, Latin America, and RoW. The research report provides an in-depth assessment of major market trends and developments examines the competitive landscape, profiles 216 top and niche market players, besides discussing M&As and other strategic industry affairs.
More insightful market research studies by GIA can be found online.
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