Pressure Sensor Market Is Anticipated To Reach USD 11.91 Billion By 2025

 The global Pressure Sensor Market is expected to reach USD 11.91 billion by 2025. A pressure sensor can be defined as a device that is used to sense pressure changes and translate it into an electrical signal, that can be moderated depending on the strength of pressure. Factors, such as advancements in MEMS & NEMS technologies for various applications, increase in use of pressure sensors in automotive industry. In addition, favorable regulations for use of pressure sensors and increase in demand for pressure sensors in consumer electronics are likely to drive the pressure sensor industry in the forthcoming period.

On the other hand, intense pricing pressure is anticipated to hinder pressure sensor market growth in the future. However, the increasing demand for pressure sensors in numerous applications is likely to create lucrative opportunities for the market. Pressure sensor industry is anticipated to expand at a significant CAGR in the upcoming period as the scope, product types, and its applications are increasing across the globe.

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Pressure sensors market is segmented by type, product type, application and geography. The market is segmented by type as Resonant Solid State, Piezoresistive, Capacitive, Electromagnetic, Optical and Others. The “Piezoresistive” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market include increasing use of MEMS sensors in wearable devices and consumer electronics is boosting market growth.

Based on product type, the pressure sensors industry is segmented by Gauge Pressure Sensors, Absolute Pressure Sensors, and Differential Pressure Sensors. The “Absolute Pressure Sensors” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factor that could be attributed to the growth of market includes increasing demand in industrial applications for the measurement of vacuum levels.

The key applications are segmented in the pressure sensor market include Oil & Gas, Consumer Electronics, Industrial Applications, Automotive, Medical, and Others. The “Consumer Electronics” segment accounted for a prominent share in the market. It is likely to witness substantial growth in the years to come. The key factors that could be attributed to the growth of market include rising use of MEMS devices in wearable devices and consumer electronics is boosting the segment growth. The Consumer electronics segment is followed by the Automotive sector in the forthcoming period.

North America is a leading region in the market. It is likely to maintain a dominance in the forecast period owing to factors, such as increasing awareness about the advantages of automated systems and growing deployment of automated retrieval and storage systems (ASRS), presence of several semiconductor establishments, sensor manufacturers, and foremost system suppliers in North American countries. North America is followed by the Asia-Pacific region.

Key players operating in the pressure sensor industry include ABB Ltd, Emerson Electric Co., Analog Devices, Inc., Robert Bosch Gmbh, Delphi Automotive Plc, Denso Corporation, Honeywell International Inc., NXP Semiconductors, N.V., Damco Corporation, and Schneider Electric. The leading companies are involved in partnerships, mergers and acquisitions, and joint ventures in order to boost the inorganic growth of the industry.

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Market Segment:

Product Outlook (Revenue, USD Million; 2014 - 2025)
• Absolute Pressure Sensors
• Differential Pressure Sensors
• Gauge Pressure Sensors

Type Outlook (Revenue, USD Million; 2014 - 2025)
• Wired
• Wireless

Technology Outlook (Revenue, USD Million; 2014 - 2025)
• Piezoresistive
• Electromagnetic
• Capacitive
• Resonant solid-state
• Optical
• Others

Application Outlook (Revenue, USD Million; 2014 - 2025)
• Automotive
• Oil & gas
• Consumer electronics
• Medical
• Industrial
• Others

Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• U.S.
• Canada
• Mexico
• Europe
• UK
• Germany
• France
• Russia
• Nordic Region
• Asia Pacific
• India
• Australia
• China
• Japan
• Latin America
• Brazil
• Argentina
• MEA
• Saudi Arabia
• UAE

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Electronic Display Market Will Grow As Of Extension Of Consumer Electronics Industry

 The global electronic display market size was valued at USD 313.5 billion in 2014 and is anticipated to reach USD 733.7 billion by 2022. Global electronic display market is expected to experience a lucrative growth on account of increasing applications of display technologies in numerous electronic systems. Technological innovations, extension of consumer electronics industry and rising applications in numerous end-use segments are anticipated to fuel the market growth.

The product market has been observed to experience a significant growth in the past few years in light of numerous technological innovations. The development of advanced consumer electronics includes tablets, smartphones, smart televisions and smart wearable’s is anticipated to fuel the market over the forecast period. In addition, rising buying power across the globe is open new opportunities for the growth of the industry. Manufacturers are bound to follow regulations including the restriction of hazardous substances (RoHS) and waste electronics and electrical equipment (WEEE) standards.

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The rising trend of AMOLED and OLED in consumer electronic devices on account of technological innovations on high resolution display technology is expected to positively influence the product market. Conversely, the implementation of innovative technologies includes initial costs to be high causing an increase in the cost of the device which is expected to act as a restraint for the growth of product demand.

In the past few years the LCD displays are observed to have dominated the market. The segment captured more than 35% of the total industry revenue share on account of the increasing usage in consumer electronics devices including personal computers and TVs. Advanced OLED and LED display technologies are expected to gain popularity on account of high operational suitability and reliability towards numerous applications.

In digital signage applications these electronic technologies are broadly used which in turn is expected to broaden the scope of the product’s success. The trend is observed to be shifting by the manufacturers from rigid OLED displays to flexible AMOLED displays to on account of differentiating their product from rigid LCD. Display forms an important element in a wide variety of consumer electronic devices and act as an interface between the user and the device. Consumer electronics application segment captured over 50% of the overall market share in 2014 and is anticipated to have a lucrative growth over the next eight years.

Major developments include advanced digital signage 2.0 which displays data are being broadly used in the retailing industry. Advanced electronic displays are widely being used in end-use segments including corporate, entertainment, retail, healthcare and government. Approximately 30% of the overall revenue in 2014 was accounted by the entertainment end-use segment. Additionally, increasing use of digital signage in the retailing industry coupled with the surging adoption of modern the e-commerce retailing has made it the fastest growing application segment in the industry.

The global electronic displays industry is observed to be dominated by the Asia Pacific market amounting for over 140 billion in 2014. Less stringent government norms coupled with lower manufacturing costs in the region has led the technology giants to set manufacturing hub in the region, therefore fuelling the industry growth. North America is expected to witness a lucrative growth over the upcoming years on account of improved lifestyle and high disposable incomes of the population is anticipated to accelerate the demand for display based applications.

The key players operating in the market include Active Light Inc., AU Optronics, Toshiba Corporation, LG Electronics, Casio Computers Co. Ltd. Zenith Electronics Corporation, and Sony Corporation. Vendors are implementing strategies including product differentiation and innovation by investing on R&D in light of acquiring a competitive advantage.

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Smartphone producer’s and consumer electronics are observed to be alliancing with display technology manufacturers in light of outsourcing the manufacturing of electronic display. Apple Inc. procures the panel-making unit of Samsung Electronics Co Ltd and OLED screens of advanced version for its iPhones from LG Display Co Ltd on account of improved picture quality and thinner than LCD screens.

Market Segment:

Electronic Display Technology Outlook (Revenue, USD Billion, 2012 - 2022)
• LCD
• LED
• OLED
• Others

Electronic Display Application Outlook (Revenue, USD Billion, 2012 - 2022)
• Consumer Electronics
• Digital Signage
• Automotive Display
• Others

Electronic Display End-Use Outlook (Revenue, USD Billion, 2012 - 2022)
• Retail
• Entertainment
• Corporate
• Healthcare
• Government

Car DVR Regional Outlook (Revenue, USD Billion, 2012 - 2022)
• North America
• Europe
• Asia Pacific
• Latin America
• MEA

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