Chicago, November 23, 2021/PRNewswire/-According to a new research report, "The pressure sensor market and the impact of COVID-19 are analyzed by sensor type (wired, wireless), technology (piezoresistive, capacitive, optical) , Products (absolute, metering, differential), end-use, vertical and geographic-global forecast to 2026", released by MarketsandMarkets™, the market is expected to grow from US$14.8 billion in 2021 to US$21.9 billion in 2026; During 2021-2026, it will grow at a compound annual growth rate of 8.2%. As the application of pressure sensors in the Internet of Things environment continues to increase, the demand for pressure sensors continues to increase. The growth of the pressure sensor market can also be attributed to the growing global demand for miniaturized devices, technological advancements in electronic devices, and the availability of portable electronic devices for automotive, industrial, and healthcare applications.
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During the forecast period, the wireless sensor segment is expected to grow at a higher compound annual growth rate
During the forecast period, the wireless sensor segment is expected to grow at a higher compound annual growth rate. The high growth can be attributed to the increasing adoption of Industry 4.0 and IoT environments by industry players worldwide. Wireless sensors are very advanced and can provide Wi Fi or Bluetooth connectivity, thereby reducing costs associated with connecting cable requirements. They have the advantages of remote control and user monitoring, and can even be monitored by smartphones using dedicated apps. The demand for wireless pressure sensors in the consumer electronics, industrial, and medical industries is expected to increase because these industries are small, battery-powered, can be easily integrated into portable devices, and consume less power. The increase in demand for portable devices is expected to promote the growth of the wireless pressure sensor segment from 2021 to 2026.
Piezoresistive technology accounts for the largest share of the pressure sensor market in 2020
Piezoresistive technology accounts for the largest share of the pressure sensor market, and this trend is expected to continue during the forecast period. The rapid growth of this market segment can be attributed to the piezoresistive technology for measuring absolute pressure, gauge pressure, vacuum and differential pressure in high and low pressure applications. Pressure sensors based on piezoresistive technology have many advantages, such as robustness, high frequency, fast response time (<1 millisecond (ms)), and stable performance and calibration. These sensors can be used in consumer electronics products, such as washing machines, dishwashers, and vacuum cleaners; oil and gas for liquid level and air pressure detection; medically for blood pressure measurement and real-time monitoring of skin arterial pulse, as well as for measuring engine combustion and turbulence And the dynamic pressure in the explosion.
The differential pressure sensor market is expected to grow at the highest compound annual growth rate from 2021 to 2026
From 2021 to 2026, the differential pressure sensor market is expected to grow at the highest compound annual growth rate. The growth can be attributed to their widespread use in industrial settings. In industrial processes, differential pressure sensors are installed as the core components of many equipment to measure the flow rate due to the pressure difference between liquid and gas. They are also used to measure the pressure in air, acid, alkali, compressed gas, water, steam, pressure drop, liquid level and flow rate of oil filters or air filters. In addition, the differential pressure sensor can be easily retrofitted and installed on the surface of the vessel.
Browse the in-depth catalog 276 on the "Pressure Sensor Market"-Table 91-Figure 328-Page
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Based on the vertical, the automotive sector will account for the main share of the pressure sensor market in 2020
From a vertical perspective, the automotive segment will account for the main share of the pressure sensor market in 2020, and this trend is expected to continue during the forecast period. The growth can be attributed to the increasing demand for pressure sensors in the automotive industry to meet the requirements imposed by the government. For example, in an engine management system, in order to improve the efficiency of a car engine, a pressure sensor is needed to accurately monitor the air volume and exhaust gas pressure of the EGR system and other engine conditions. The growing demand for energy-efficient vehicles, electric vehicles and ADAS vehicles has also driven the growth of the market.
During the forecast period, the pressure sensor market in the Asia-Pacific region will grow at the highest compound annual growth rate
During the forecast period, the pressure sensor market in the Asia-Pacific region is expected to grow at the highest compound annual growth rate. China, India, South Korea and Japan are the main contributors to the growth of the pressure sensor market in the Asia-Pacific region. The pressure sensor market in the Asia-Pacific region may be driven by the growing demand for pressure sensors from growing automotive and industrial manufacturing companies, as well as North American and European overseas markets.
Honeywell International Inc. (United States), ABBv (Switzerland), Emerson Electric Co. (United States), Amphenol (United States), Sensata Technologies, Inc. (United States), TE Connectivity Ltd. (United States), Micro Sensor Co. Ltd (China), BD SENSORS GmbH (Germany), Quartzdyne, Inc. (U.S.) and TT Electronics (U.K.) are major players in the pressure sensor market.
The temperature sensor market affected by COVID-19 by product type (thermocouple, RTDS, thermistor, temperature sensor ICS, infrared and fiber optic temperature sensor), output, connectivity, end user industry and region-global forecast to 2028
The industrial sensor market affected by Covid-19 is affected by sensors (liquid level sensors, image sensors, gas sensors, pressure sensors, position sensors, temperature and humidity and humidity sensors), type, end-use industry and geographic location-by 2025 Global forecast
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