The European Pressure Sensor Market is expected to reach $1,490.9 million by 2018 - New Report by MicroMarket Monitor
(PRWEB) November 05, 2014 -- The European Pressure Sensor Market report defines and segments the pressure sensor market in Europe with analysis and forecast of revenue. This market was valued at $1,188.9 million in 2013, and is expected to reach $1,490.9 million by 2018, at a CAGR of 4.6% from 2013 to 2018.
Browse through the TOC of the European Pressure Sensor Market report to get an idea of the in-depth analysis provided. It also provides a glimpse of the segmentation of this market, and is supported by various tables and figures.
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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 automotives, aerospace, healthcare, wireless and optical communications, and consumer products. In the field of healthcare and automotives, where there is a growing necessity for smaller sensors with improved performance, MEMS-based sensors have proven to be the perfect solution.
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The market for pressure sensors in Europe is expected to grow significantly as 60% of the global sensor manufacturing units are in the European region. The major countries contributing to the pressure sensor market in this region include Germany, France, the U.K., and Italy. The U.K. dominates the market due to its prominence in the industrial sector. The country constituted almost 30% of the overall level sensors market in Europe, followed by Germany with almost 24%. The affluence of consumers and the competitiveness of the market, along with the presence of global consumer electronics companies make Europe a desired market for pressure sensor manufacturers.
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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 automotives, consumer electronics, manufacturing, medical devices, utilities, and other applications.
This report on the European 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 company profiles of the key players in this market.
Related Reports :
North America Pressure Sensor Market
Pressure sensors are expected to show good growth as they are widely used across different application segments. Currently, the market is dominated by piezoresistive and capacitive sensors but we predict strong growth of optical sensing technology as well in future due to their applications in hazardous environments. Piezoresistive sensors are heavily used in automotive and medical applications while capacitive sensing is highly recommended in the process and petrochemical and oil and gas industries. Due to improved sensitivity, pressure sensors are used for a variety of applications such as petrochemicals, automotive segments, consumer electronics, utilities, and industrial segment. There has been a growth in the automotive industry that uses pressure sensors to a greater extent from applications such as TPMS (Tyre Pressure Monitoring System), engine management to monitoring of air volume, exhaust gas pressure of EGR system. Acceptance of pressure sensors in many application segments will add on to their consumption in the future. Safety-related mandates in regions like North America and Europe are acting as a driver to the growth of these sensors.
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