North America Pressure Sensor Market is Expected to Reach $1,811.2 million in 2018 - New Report by MicroMarket Monitor
(PRWEB) December 08, 2014 -- Tremendous technological developments in the past decade have led to a considerable reduction in the size of pressure sensors, which has played a major role in the growth of pressure sensor market. The reduction in size and the penetration of Micro-Electro-Mechanical Systems (MEMS) technology into pressure sensor industry has created a wide horizon of applications for pressure sensors in the field of automotive, aerospace, healthcare, wireless and optical communications, and consumer products. In the field of healthcare and automotive, where there is a growing necessity for smaller sensors with improved performance, MEMS-based sensors have proven to be the perfect solution.
Browse through the TOC of the North America Pressure Sensor Market for an in-depth analysis of the industry trends and segments, with help of various tables and figures.
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North America is one of the most technologically advanced application markets for pressure sensors due to the presence of prominent system suppliers, large semiconductor companies, and sensor manufacturers in the region. The size of the region, the affluence of its consumers, and the competitiveness of automotive and medical original equipment manufacturers (OEMs) make it a thriving market for pressure sensor manufacturers. The major countries contributing to the pressure sensor market in North America include the U.S., Canada, and Mexico.
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The North American Pressure Sensor Market report is an in-depth review of this market. The report segments the market and provides a forecast of revenue generated through various segments and sub-segments during the period of 2013-2018. This market was valued at $1,390.2 million in 2013, and is expected to reach $1,811.2 million by 2018, at a CAGR of 5.4% from 2013 to 2018.
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The pressure sensor market is segmented and forecast based on types and application. By type, this market is segmented into capacitive pressure sensors, electromagnetic pressure sensors, optical pressure sensors, piezoresistive pressure sensors, resonant solid state pressure sensors, and others. In addition, the market is further segmented and forecast based on applications, namely automotive, consumer electronics, manufacturing, medical devices, utilities, and other applications.
This report on the North American pressure sensor market includes market share and value chain analyses, along with market metrics such as drivers and restraints. In addition, it presents a competitive landscape and profiles of leading companies in this market.
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