Global Capacitive pressure sensor Market Research Report
Pressure sensors are expected to witness substantial growth, as they are widely used across different application segments. Currently, the market is dominated by piezoresistive and capacitive sensors. Piezoresistive sensors are majorly used in automotive and medical applications, while capacitive sensing is highly recommended in the process & petrochemical and oil & gas industries. The capacitive sensor market is the larger segment and was estimated at $2.49 billion in 2014, which is 27.91% of the global pressure sensor market. This market is expected to reach $3.96 billion by 2020, at a CAGR of 8.03%.
However, the optical sensing technology is one of the major emerging application segments in this market, due to their applications in hazardous environments.
Due to their enhanced sensitivity, pressure sensors are used for a variety of applications, such as petrochemicals, automotive segments, consumer electronics, utilities, and industrial segment. Presure sensors are used across varied industries in several applications, such as TPMS (Tyre Pressure Monitoring System), engine management, monitoring of air volume, and monitoring exhaust gas pressure of EGR system. Thus, the increased application of these sensors in various applications will lead to their increased use in the future, consequently leading to growth of the pressure sensor market. Safety-related mandates in regions, such as North America and Europe are acting as a significant driver for the growth of the market for pressure sensors.
The major companies in smart sensor market are Emerson Process Rosemount (U.S.), Yokogawa Electric (Japan), Nagano Keiki (Japan), Siemens (Germany), Honeywell Process Solutions (U.S.), Delphi Electronics & Safety (U.S.), GE Measurement & Control Co. Ltd. (U.S.), Kavlico Corporation (France), Measurement Specialties Inc. (U.S.), and Freescale Semiconductor, Inc. (U.S.)
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