Pressure Sensor Market

Pressure Sensor Market Size by Product Type (Differential Pressure Sensors, Absolute Pressure Sensors, Sealed Pressure Sensors, Vacuum Pressure Sensors and Gauge Pressure Sensors), Sensor Type (Wired and Wireless), Technology (Resonant Solid State, Piezoresistive, Electromagnetic, Capacitive, Optical and Others), End-users (Consumer Electronics, Automotive, Medical, Oil and Gas, Aerospace and Defense, Industrial and Others), Regions, Global Industry Analysis, Share, Growth, Trends, and Forecast 2023 to 2032

Base Year: 2022 Historical Data: 2019-21
  • Report ID: TBI-13714
  • Published Date: Sep, 2023
  • Pages: 236
  • Category: Information Technology & Semiconductors
  • Format: PDF
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The global pressure sensor market was valued at USD 19.41 Billion in 2022 and grew at a CAGR of 6.32% from 2023 to 2032. The market is expected to reach USD 35.82 Billion by 2032. The increasing demand for pressure sensors can be attributed to the rising automation requirement among end-users. These pressure sensors enable efficient machinery, automotive, aerospace, defence and consumer goods operations.

Market Introduction:

Pressure sensors are devices that convert mechanical pressure into an electric output signal. These sensors consist of a pressure transducer, a pressure-sensitive component that can detect, measure, or monitor the applied pressure, and electronic components that convert the data into an electrical signal. A pressure sensor is built structurally of a metal body to which metal foil strain gauges are joined. The body of these force-measuring sensors is often made of aluminium or stainless steel, which gives the sensor the strength to handle heavy loads and the elasticity to deform slightly and recover to its original shape when the force is withdrawn.

Pressure Sensor Market Size

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Market Dynamics:

Drivers

Increasing pressure sensors among end-users: Pressure sensors are utilized in various everyday applications, such as indirect measures of speed, gas/fluid flow, altitude, and water levels. Due to their diverse applications, they differ greatly in design, technology, stability, performance, and cost. The non-invasive sensing capabilities of pressure sensors have extended their application, particularly in medicine, such as monitoring and changing air pressure in respiratory apparatus, blood pressure measures, etc. Recently, MEMS devices have enabled these systems to be miniaturized, which has broadened their involvement in medical applications through catheter tip sensors and implantable device monitoring. Capacitive pressure sensors are commonly employed in automobile tyres, jet engines, the human body and other applications to measure gas/liquid pressures. Due to its robustness, high frequency, and quick response time, piezoelectric sensors can be employed in various aeronautical and industrial applications.

Restraints:

Incompatibility issues: Pressure sensors are incompatible with low-power or battery-powered systems. Scaling down pressure has limitations because it reduces sensitivity and increases power usage. Further, the sensors experience adhesive problems at high temperatures and under pressure; thus, the output varies with temperature.

Opportunities:

Growing technical advancements: The technological advancements in pressure sensor production provide lucrative market opportunities, especially in developing regions like Asia-Pacific. Pressure sensors are a rapidly evolving technology, with advancements altering goods in various industries. A few major trends characterize pressure sensor technology. The desire for smaller, more portable devices and the necessity to preserve space in increasingly crowded environments is driving this trend. The need for more precise measurements, particularly in the medical and industrial domains, is driving this trend. Flexible pressure sensors are gaining popularity among researchers. They are being used in various new electronic devices due to their unique high flexibility, high sensitivity, and lightweight characteristics.

Regional segmentation analysis:

The regions analyzed for the market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. Asia-Pacific emerged as the most significant pressure sensor market, with a 40.21% market revenue share in 2022.

Asia-Pacific region will account for the largest market share with revenue growth. Nations such as China, India and Japan have a tremendous demand for pressure sensors due to growing automotive, oil and gas, and consumer electronics requirements. The increasing number of manufacturers developing pressure sensors suited for different applications will provide lucrative opportunities to the market.

Asia Pacific Region Pressure Sensor Market Share in 2022 - 40.21%

 

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Product Type Segment Analysis

The product type segment is divided into differential pressure sensors, absolute pressure sensors, sealed pressure sensors, vacuum pressure sensors and gauge pressure sensors. The absolute pressure sensors segment dominated the market, with a share of around 42.51% in 2022. An absolute pressure sensor is a sealed system that uses a perfect vacuum, producing pressure measurements free of the effects of ambient pressure.

Sensor Type Segment Analysis

The sensor type segment is divided into wired and wireless. The wired segment dominated the market, with a share of around 77.19% in 2022. Wired pressure sensors are widely available in different technologies, such as capacitive, photoelectric and inductive. There are several wired pressure sensors used in automotive and industrial settings.

Technology Segment Analysis

The technology segment is divided into resonant solid state, piezoresistive, electromagnetic, capacitive, optical and others. The piezoresistive segment dominated the market, with a share of around 28.03% in 2022. Piezoresistive pressure sensors measure against different zero points depending on the type of sensor. When mechanical strain is applied, a piezoresistive pressure sensor estimates a change in electrical resistance.

End-users Segment Analysis

The end-users segment is divided into consumer electronics, automotive, medical, oil and gas, aerospace and defense, industrial and others. The automotive segment dominated the market, with a share of around 32.05% in 2022. An electronic pressure sensor is most commonly used to detect the pressure of a vehicle's vital fluids in the cooling, braking, and fuel systems, such as gearbox oil, engine oil,  and hydraulic oil.

Some of the Key Market Players:
  • AlphaSense
  • Dynament Ltd.
  • City Technology Ltd.
  • GfG Europe Ltd.
  • Membrapor
  • Figaro Engineering Inc.
  • Nemoto Kyorindo Co., Ltd.
  • ABB Ltd.
  • Robert Bosch GmbH
  • Honeywell International
  • Emerson Electric
  • Siemens
  • TT Electronics
  • TE Connectivity Ltd.
  • Amphenol

Report Description: 

Attribute Description
Market Size Revenue (USD Billion)
Market size value in 2022 USD 19.41 Billion
Market size value in 2032 USD 35.82 Billion
CAGR (2023 to 2032) 6.32%
Historical data 2019-2021
Base Year 2022
Forecast 2023-2032
Region The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level.
Segments Product Type, Sensor Type, Technology and End-users

Frequesntly Asked Questions

As per The Brainy Insights, the size of the pressure sensor market was valued USD 19.41 billion in 2022 to USD 35.82 billion by 2032.

Global pressure sensor market is growing at a CAGR of 6.32% during the forecast period 2023-2032.

Asia-Pacific region emerged as the largest market for the Pressure sensor.

The market's growth will be influenced by the rising deployment of pressure sensors in different applications.

The incompatibility at high temperatures can hamper the market growth.

The rising technological advancement is providing huge opportunities to the market.

1. Introduction
    1.1. Objectives of the Study
    1.2. Market Definition
    1.3. Research Scope
    1.4. Currency
    1.5. Key Target Audience

2. Research Methodology and Assumptions

3. Executive Summary

4. Premium Insights
    4.1. Porter’s Five Forces Analysis
    4.2. Value Chain Analysis
    4.3. Top Investment Pockets
          4.3.1. Market Attractiveness Analysis by Product Type
          4.3.2. Market Attractiveness Analysis by Sensor Type
          4.3.3. Market Attractiveness Analysis by Technology
          4.3.4. Market Attractiveness Analysis by End-users
          4.3.5. Market Attractiveness Analysis by Region
    4.4. Industry Trends

5. Market Dynamics
    5.1. Market Evaluation
    5.2. Drivers
          5.2.1. Increasing use of pressure sensor in different applications
    5.3. Restraints
          5.3.1. Incompatible at higher temperatures
    5.4. Opportunities
          5.4.1. Increasing technological advancement
    5.5. Challenges
          5.5.1. Demand supply issues

6. Global Pressure Sensor Market Analysis and Forecast, By Product Type
    6.1. Segment Overview
    6.2. Differential Pressure Sensors
    6.3. Absolute Pressure Sensors
    6.4. Sealed Pressure Sensors
    6.5. Vacuum Pressure Sensors
    6.6. Gauge Pressure Sensors

7. Global Pressure Sensor Market Analysis and Forecast, By Sensor Type
    7.1. Segment Overview
    7.2. Wired
    7.3. Wireless

8. Global Pressure Sensor Market Analysis and Forecast, By Technology
    8.1. Segment Overview
    8.2. Resonant Solid State
    8.3. Piezoresistive
    8.4. Electromagnetic
    8.5. Capacitive
    8.6. Optical
    8.7. Others

9. Global Pressure Sensor Market Analysis and Forecast, By End-users
    9.1. Segment Overview
    9.2. Consumer Electronics
    9.3. Automotive
    9.4. Medical
    9.5. Oil and Gas
    9.6. Aerospace and Defense
    9.7. Industrial
    9.8. Others

10. Global Pressure Sensor Market Analysis and Forecast, By Regional Analysis
    10.1. Segment Overview
    10.2. North America
          10.2.1. U.S.
          10.2.2. Canada
          10.2.3. Mexico
    10.3. Europe
          10.3.1. Germany
          10.3.2. France
          10.3.3. U.K.
          10.3.4. Italy
          10.3.5. Spain
    10.4. Asia-Pacific
          10.4.1. Japan
          10.4.2. China
          10.4.3. India
    10.5. South America
          10.5.1. Brazil
    10.6. Middle East and Africa
          10.6.1. UAE
          10.6.2. South Africa

11. Global Pressure Sensor Market-Competitive Landscape
    11.1. Overview
    11.2. Market Share of Key Players in the Pressure Sensor Market
          11.2.1. Global Company Market Share
          11.2.2. North America Company Market Share
          11.2.3. Europe Company Market Share
          11.2.4. APAC Company Market Share
    11.3. Competitive Situations and Trends
          11.3.1. Product Launches and Developments
          11.3.2. Partnerships, Collaborations, and Agreements
          11.3.3. Mergers & Acquisitions
          11.3.4. Expansions

12. Company Profiles
    12.1. AlphaSense
          12.1.1. Business Overview
          12.1.2. Company Snapshot
          12.1.3. Company Market Share Analysis
          12.1.4. Company Product Portfolio
          12.1.5. Recent Developments
          12.1.6. SWOT Analysis
    12.2. Dynament Ltd.
          12.2.1. Business Overview
          12.2.2. Company Snapshot
          12.2.3. Company Market Share Analysis
          12.2.4. Company Product Portfolio
          12.2.5. Recent Developments
          12.2.6. SWOT Analysis
    12.3. City Technology Ltd.
          12.3.1. Business Overview
          12.3.2. Company Snapshot
          12.3.3. Company Market Share Analysis
          12.3.4. Company Product Portfolio
          12.3.5. Recent Developments
          12.3.6. SWOT Analysis
    12.4. GfG Europe Ltd.
          12.4.1. Business Overview
          12.4.2. Company Snapshot
          12.4.3. Company Market Share Analysis
          12.4.4. Company Product Portfolio
          12.4.5. Recent Developments
          12.4.6. SWOT Analysis
    12.5. Membrapor
          12.5.1. Business Overview
          12.5.2. Company Snapshot
          12.5.3. Company Market Share Analysis
          12.5.4. Company Product Portfolio
          12.5.5. Recent Developments
          12.5.6. SWOT Analysis
    12.6. Figaro Engineering Inc.
          12.6.1. Business Overview
          12.6.2. Company Snapshot
          12.6.3. Company Market Share Analysis
          12.6.4. Company Product Portfolio
          12.6.5. Recent Developments
          12.6.6. SWOT Analysis
    12.7. Nemoto Kyorindo Co., Ltd.
          12.7.1. Business Overview
          12.7.2. Company Snapshot
          12.7.3. Company Market Share Analysis
          12.7.4. Company Product Portfolio
          12.7.5. Recent Developments
          12.7.6. SWOT Analysis
    12.8. ABB Ltd.
          12.8.1. Business Overview
          12.8.2. Company Snapshot
          12.8.3. Company Market Share Analysis
          12.8.4. Company Product Portfolio
          12.8.5. Recent Developments
          12.8.6. SWOT Analysis
    12.9. Robert Bosch GmbH
          12.9.1. Business Overview
          12.9.2. Company Snapshot
          12.9.3. Company Market Share Analysis
          12.9.4. Company Product Portfolio
          12.9.5. Recent Developments
          12.9.6. SWOT Analysis
    12.10. Honeywell International
          12.10.1. Business Overview
          12.10.2. Company Snapshot
          12.10.3. Company Market Share Analysis
          12.10.4. Company Product Portfolio
          12.10.5. Recent Developments
          12.10.6. SWOT Analysis
    12.11. Emerson Electric
          12.11.1. Business Overview
          12.11.2. Company Snapshot
          12.11.3. Company Market Share Analysis
          12.11.4. Company Product Portfolio
          12.11.5. Recent Developments
          12.11.6. SWOT Analysis
    12.12. Siemens
          12.12.1. Business Overview
          12.12.2. Company Snapshot
          12.12.3. Company Market Share Analysis
          12.12.4. Company Product Portfolio
          12.12.5. Recent Developments
          12.12.6. SWOT Analysis
    12.13. TT Electronics
          12.13.1. Business Overview
          12.13.2. Company Snapshot
          12.13.3. Company Market Share Analysis
          12.13.4. Company Product Portfolio
          12.13.5. Recent Developments
          12.13.6. SWOT Analysis
    12.14. TE Connectivity Ltd.
          12.14.1. Business Overview
          12.14.2. Company Snapshot
          12.14.3. Company Market Share Analysis
          12.14.4. Company Product Portfolio
          12.14.5. Recent Developments
          12.14.6. SWOT Analysis
    12.15. Amphenol
          12.15.1. Business Overview
          12.15.2. Company Snapshot
          12.15.3. Company Market Share Analysis
          12.15.4. Company Product Portfolio
          12.15.5. Recent Developments
          12.15.6. SWOT Analysis

List of Table

1. Global Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

2. Global Differential Pressure Sensors, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

3. Global Absolute Pressure Sensors, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

4. Global Sealed Pressure Sensors, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

5. Global Vacuum Pressure Sensors, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

6. Global Gauge Pressure Sensors, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

7. Global Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

8. Global Wired, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

9. Global Wireless, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

10. Global Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

11. Global Resonant Solid State, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

12. Global Clinical Operations, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

13. Global Piezoresistive, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

14. Global Electromagnetic, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

15. Global Capacitive, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

16. Global Optical, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

17. Global Others, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

18. Global Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

19. Global Consumer Electronics, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

20. Global Automotive, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

21. Global Medical, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

22. Global Oil and Gas, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

23. Global Aerospace and Defense, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

24. Global Industrial, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

25. Global Others, Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

26. Global Pressure Sensor Market, By Region, 2019-2032 (USD Billion) 

27. North America Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

28. North America Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

29. North America Pressure Sensor Market, By Technology, 2019-2032 (USD Billion)

30. North America Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

31. U.S. Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

32. U.S. Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

33. U.S. Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

34. U.S. Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

35. Canada Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

36. Canada Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

37. Canada Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

38. Canada Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

39. Mexico Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

40. Mexico Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

41. Mexico Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

42. Mexico Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

43. Europe Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

44. Europe Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

45. Europe Pressure Sensor Market, By Technology, 2019-2032 (USD Billion)

46. Europe Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

47. Germany Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

48. Germany Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

49. Germany Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

50. Germany Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

51. France Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

52. France Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

53. France Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

54. France Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

55. U.K. Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

56. U.K. Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

57. U.K. Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

58. U.K. Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

59. Italy Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

60. Italy Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

61. Italy Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

62. Italy Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

63. Spain Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

64. Spain Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

65. Spain Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

66. Spain Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

67. Asia Pacific Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

68. Asia Pacific Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

69. Asia Pacific Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

70. Asia Pacific Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

71. Japan Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

72. Japan Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

73. Japan Pressure Sensor Market, By Technology, 2019-2032 (USD Billion)

74. Japan Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

75. China Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

76. China Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

77. China Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

78. China Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

79. India Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

80. India Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

81. India Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

82. India Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

83. South America Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

84. South America Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

85. South America Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

86. South America Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

87. Brazil Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

88. Brazil Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

89. Brazil Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

90. BrazilPressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

91. Middle East and Africa Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

92. Middle East and Africa Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

93. Middle East and Africa Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

94. Middle East and Africa Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

95. UAE Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

96. UAE Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

97. UAE Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

98. UAE Pressure Sensor Market, By End-users, 2019-2032 (USD Billion) 

99. South Africa Pressure Sensor Market, By Product Type, 2019-2032 (USD Billion) 

100. South Africa Pressure Sensor Market, By Sensor Type, 2019-2032 (USD Billion) 

101. South Africa Pressure Sensor Market, By Technology, 2019-2032 (USD Billion) 

102. South Africa Pressure Sensor Market, By End-users, 2019-2032 (USD Billion)  

List of Figures

1. Global Pressure Sensor Market Segmentation

2. Pressure Sensor Market: Research Methodology

3. Market Size Estimation Methodology: Bottom-Up Approach

4. Market Size Estimation Methodology: Top-Down Approach

5. Data Triangulation

6. Porter’s Five Forces Analysis 

7. Value Chain Analysis 

8. Global Pressure Sensor Market Attractiveness Analysis by Product Type

9. Global Pressure Sensor Market Attractiveness Analysis by Sensor Type

10. Global Pressure Sensor Market Attractiveness Analysis by Technology

11. Global Pressure Sensor Market Attractiveness Analysis by End-users

12. Global Pressure Sensor Market Attractiveness Analysis by Region

13. Global Pressure Sensor Market: Dynamics

14. Global Pressure Sensor Market Share by Product Type (2022 & 2032)

15. Global Pressure Sensor Market Share by Sensor Type (2022 & 2032)

16. Global Pressure Sensor Market Share by Technology (2022 & 2032)

17. Global Pressure Sensor Market Share by End-users (2022 & 2032)

18. Global Pressure Sensor Market Share by Regions (2022 & 2032)

19. Global Pressure Sensor Market Share by Company (2022)

This study forecasts revenue at global, regional, and country levels from 2019 to 2032. The Brainy Insights has segmented the global pressure sensor market based on below mentioned segments:

Global Pressure Sensor Market by Product Type:

  • Differential Pressure Sensors
  • Absolute Pressure Sensors
  • Sealed Pressure Sensors
  • Vacuum Pressure Sensors
  • Gauge Pressure Sensors

Global Pressure Sensor Market by Sensor Type:

  • Wired
  • Wireless

Global Pressure Sensor Market by Technology:

  • Resonant Solid State
  • Piezoresistive
  • Electromagnetic
  • Capacitive
  • Optical
  • Others

Global Pressure Sensor Market by End-users:

  • Consumer Electronics
  • Automotive
  • Medical
  • Oil and Gas
  • Aerospace and Defense
  • Industrial
  • Others

Global Pressure Sensor Market by Region:

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
  • Asia-Pacific
    • Japan
    • China
    • India
  • South America
    • Brazil
  • Middle East and Africa  
    • UAE
    • South Africa

Methodology

Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision. 

Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.

The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.

Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:

MARKET RESEARCH PROCESS

Data Procurement:

The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.

The data procurement stage involves in data gathering and collecting through various data sources.

This stage involves in extensive research. These data sources includes:

Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:

  • The organizational databases such as D&B Hoovers, and Bloomberg that helps us to identify the competitive scenario of the key market players/organizations along with the financial information.
  • Industry/Market databases such as Statista, and Factiva provides market/industry insights and deduce certain formulations. 
  • We also have contractual agreements with various reputed data providers and third party vendors who provide information which are not limited to:
    • Import & Export Data
    • Business Trade Information
    • Usage rates of a particular product/service on certain demographics mainly focusing on the unmet prerequisites

Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.

Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.

The supply side for a domain specific market is analysed by:

  • Estimating and projecting penetration rates through analysing product attributes, availability of internal and external substitutes, followed by pricing analysis of the product.
  • Experiential assessment of year-on-year sales of the product by conducting interviews.

The demand side for the market is estimated through:

  • Evaluating the penetration level and usage rates of the product.
  • Referring to the historical data to determine the growth rate and evaluate the industry trends

In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.

Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:

  • Applying demographic along with psychographic segmentation for market evaluation
  • Determining the Micro and Macro-economic indicators for each region 
  • Examining the industry indicators prevailing in the market. 

Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:

  • Data Screening: Data screening is the process of scrutinising data/information collected from primary research for errors and amending those collected data before data integration method. The screening involves in examining raw data, identifying errors and dealing with missing data. The purpose of the data screening is to ensure data is correctly entered or not. The Brainy Insights employs objective and systematic data screening grades involving repeated cycles of quality checks, screening and suspect analysis.
  • Data Integration: Integrating multiple data streams is necessary to produce research studies that provide in-depth picture to the clients. These data streams come from multiple research studies and our in house database. After screening of the data, our analysts conduct creative integration of data sets, optimizing connections between integrated surveys and syndicated data sources. There are mainly 2 research approaches that we follow in order to integrate our data; top down approach and bottom up approach.

Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.

This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.

Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.

The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:

  • CXOs and VPs of leading companies’ specific to sector
  • Purchasing managers, technical personnel, end-users
  • Key opinion leaders such as investment bankers, and industry consultants

Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.

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