Piezoresistive Pressure Sensor Market size was valued at USD 7.4 Billion in 2021, registering a CAGR of 7.6% during the forecast period (2022-2030), and the market is projected to be worth USD 14.3 Billion by 2030.
A piezoresistive pressure sensor is a type of strain gauge pressure sensor that detects changes in the electrical resistance of a semiconductor or metal when mechanical strain is applied to it. The substrates of piezoresistive pressure sensors are various thin films, thick films, bonded metal foils, and silicon & sputtered thin films. Using micro electro mechanical system (MEMS) technology, these sensors can monitor absolute, gauge, relative, and differential pressure in both high and low pressure applications. Because they are less costly and give fine sensitivity as well as superior linearity in findings, these tiny sensors find large-scale controlling and monitoring applications in the automobile sector to assure safety through engine optimization and pollution control.
Piezoresistive Pressure Sensor Market Research Report” was just released by Market Research Community. It is divided into several categories, including By Material type (Ceramic, Silicon, Others), By application (Flow Rate Measurement, Barometric Pressure, Process Control, Test and Measurement, Navigation), and companies (Honeywell International Inc., Measurement Specialities Inc., STMicroelectronics, Robert Bosch GmbH, Impress Sensors and Systems Ltd., ABB Ltd., Amphenol Advanced Sensors, Keller Corp., Yokogawa India Ltd., Omron Corp), According to the analysis of Market Research Community, The market is projected to grow at a significant pace reaching a CAGR of approximately 7.6%, over the forecast period of 2022–2030.
The increased adoption of Piezoresistive Pressure Sensor in the Sensors & Controls industry is due to high workability, Stability of structure, good quality, and Demand for making things better. The demand for Piezoresistive Pressure Sensor also has other significant aspects, such as analysis, purchasing volume, costs, pricing analysis, and regulatory framework. Additionally, the increased demand of Piezoresistive Pressure Sensor in many sectors also boosts the market growth during the forecast period.
|Report Attributes||Report Details|
|Market Size in 2030 (USD Billion)||14.3 Billion|
|By Material Type||Ceramic, Silicon, Others|
|By Application||Flow Rate Measurement, Barometric Pressure, Process Control, Test and Measurement, Navigation|
|By Industry Vertical||Consumer Electronics, Oil and Gas, Aerospace and Defense, Automotive, Industrial, Aerospace and Defense|
|By Geography||North America, Europe, Asia Pacific, Latin America, Middle East and Africa|
|Key Players||Honeywell International Inc., Measurement Specialities Inc., STMicroelectronics, Robert Bosch GmbH, Impress Sensors and Systems Ltd., ABB Ltd., Amphenol Advanced Sensors, Keller Corp., Yokogawa India Ltd., Omron Corp|
The COVID-19 pandemic has had a substantial negative influence on the Piezoresistive Pressure Sensor market in many different regions of the world. The factors such as limited availability of raw materials, transportation restrictions, the shutdown of manufacturing facilities, and economic slowdown are the major impacts of COVID-19 which hampered the market growth. Shipments were impacted during the initial lockdown due to halted automotive productions and stringent government rules. The overall impact of COVID-19 on the industry is estimated to be minimal because the situation has stabilised. Post covid-19, there was a positive impact on the market growth due to the increased industrial manufacturing processes and rising demand for environment-friendly alternatives.
Industry Competitive Landscape:
The research includes comprehensive profiles of the key players in the market and an analysis of the competitive landscape. The market for sample preparation has grown more quickly as a result of the spike in research and development (R&D), product innovation, different business strategies, and application releases. Key players in the market include-
Honeywell International Inc., Measurement Specialities Inc., STMicroelectronics, Robert Bosch GmbH, Impress Sensors and Systems Ltd., ABB Ltd., Amphenol Advanced Sensors, Keller Corp., Yokogawa India Ltd., Omron Corp
Market Segment Analysis:
By Material Type
- Flow Rate Measurement
- Barometric Pressure
- Process Control
- Test and Measurement
By Industry Vertical
- Consumer Electronics
- Oil and Gas
- Aerospace and Defense
- Aerospace and Defense
The regional segment includes Asia Pacific, Europe, North America, the Middle East, and Africa, Latin America. In 2021, some of these regions expected to contribute the largest share during the forecast period.
The factors such as the large and easy availability of basic things, rising purchasing power among the population, and favorable government policies and industrial facilities are estimated to accelerate the industry growth in the region. The growing rate of industrialization is anticipated to boost the presence of Piezoresistive Pressure Sensor industries in the region.
Key Piezoresistive Pressure Sensor Market Trends
– Based on type, sub-type, technology utilised, applications, end-users, and geographies, the research identifies, defines, and predicts the Global Piezoresistive Pressure Sensor Market segments.
– Largest Market Share Held by Industry to Industry for Piezoresistive Pressure Sensor
– Based on their expected growth, development patterns and prospects for the future, and contributions to the overall market, it analyses the micro markets.
– Demand from the geographical area is estimated to boost growth.
– Growing Market Segment Adoption in the Piezoresistive Pressure Sensor Industry
– Over the forecast period, higher growth rates are anticipated in in some regions
Why Purchase the Industry Report by MRC
There is a huge amount of information in the report, including market trends and business opportunities for the forecast period.
Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) statistics.
Data at the regional, sub-regional, and national levels also includes information on the market’s supply and demand dynamics.
The competitive landscape includes the proportions of important players, recent innovations, and strategy.
Comprehensive product offerings, important financial data, latest advancements, SWOT analysis, and key player tactics.
Table of Content
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