Registering a CAGR of 5.9% over the forecast period, the market value of Piezoresistive Pressure Sensors is expected to reach US$ 12,400.70 million in the year 2027.
Piezoresistive pressure sensors have a wide range of applications, including the biomedical sector, automotive, and household appliances. The first product made with micro electro mechanical system technology was piezoresistive pressure sensors. Piezoresistive pressure sensors have gained popularity as low-cost solutions. These sensors are less expensive than capacitive pressure sensors, which is one of the main reasons why capacitive ceramic pressure sensors and piezoresistive ceramic pressure sensors compete so fiercely. The price-performance of piezoresistive sensors offsets the relative performance of capacitive sensors.
Piezoresistive pressure sensors are most commonly found in the automotive, aerospace, and industrial industries. Because of its widespread use in airbags and other automotive applications, the aforementioned segment is expected to grow rapidly over the forecast period. Piezoresistive pressure sensors are primarily used in industrial applications for preventive maintenance, particularly in the petrochemical, food and beverage, oil and gas, and mining industries.
The growing trend of sensor miniaturization will create numerous new opportunities for the Piezoresistive sensors market. This sector's companies are constantly developing new Piezoresistive sensors, particularly for hazardous areas, which will help the Piezoresistive sensor market. Even the introduction of new products in the piezoresistive sensor market is becoming more common among manufacturers.
Because of advancements in piezoresistive sensor technology, the market's application areas are expanding, which is driving the market. Additionally, since the introduction of micro-electromechanical system technology in piezoresistive sensors, there has been significant development of miniature-sized piezoresistive sensors, which will further spur the piezoresistive sensor market. The medical and automotive industries are two of the most common end users of the piezoresistive sensor market.
The global Piezoresistive Pressure Sensors include the identification and analysis of the various market participants competing in the global market. Prominent competitors include Amphenol Advanced Sensors, Kistler, Merit Sensor, Bosch, Sensata, NXP, STMicroelectronics, TE Connectivity, Melexis, Keller, Measurex, CiS Forschungsinstitut and others.
October 2020--BD SENSORS has expanded its portfolio of electronic pressure and level measurement technology with a product line that includes digital interfaces. The new line is based on analog pressure measurement technology with digital interfaces, including IO-Link, Modbus RTU, and i2C versions.
October 2020--Metallux released the ME910, a ceramic piezoresistive pressure sensor with a Wheatstone bridge that is screen printed directly on one side of the ceramic diaphragm and the opposite side of which can be exposed directly to the medium being measured.
The market is segmented based on the type, applications, companies, and regions.
By Type, it is segmented into
By Application, it is segmented into
North America to Account for the Largest Market Share
The region has an active industrial sector that is influencing robust growth in the automotive and healthcare industries and thus has the potential to remain one of the strong markets in the piezoresistive pressure sensors market. According to research, the United States accounts for the majority of the region's market share, followed by Canada. The United States is expected to account for more than three-quarters of North America's total market share in the global market.
The rapid growth in the sale of force sensors in the United States is being driven primarily by automotive end-markets, which is due in part to the massive product obsolescence in occupant weight sensing applications. As a result, new business opportunities have arisen in the market.
The Piezoresistive Pressure Sensors Market describes the factors driving the global growth opportunities in upcoming years and highlights market channels. In addition, the report analyzes market size and share, trends, by geographic region, end-use type, and segment. It focuses extensively on revealing a detailed regional analysis. The Global Piezoresistive Pressure Sensors Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry.
Scope of the Report covers Piezoresistive Pressure Sensors Market with a detailed analysis of the overall scenario for the market. It also highlights the business participants’ environment in the global marketplace. This report also provides an overview of leading companies covering the latest successful marketing strategies, market contributions, current and historical background, and latest market happenings to help key organizations to grow and generate larger profits. Business players will greatly benefit from this Piezoresistive Pressure Sensors Market analysis report as it has vital details to provide about regional markets and expected opportunities for the prediction time period 2022-2027. Growth between segments is used to understand the different growth factors that are expected to dominate the market as a whole and to develop strategies to differentiate between key applications and target markets. It further reveals how the worldwide market is working through efficient information graphics.
Report Attributes | Report Details |
Report Title | Piezoresistive Pressure Sensors Market - Global Growth, Trends and Forecast (2022 - 2027) By Types, By Application, By Regions, and By Key Players: Amphenol Advanced Sensors, Kistler, Merit Sensor, Bosch, Sensata |
Forecast Period 2022 to 2027 CAGR | CAGR of 5.9% over the forecast period (2022-2027) |
By Type |
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By Application |
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By Companies | Amphenol Advanced Sensors, Kistler, Merit Sensor, Bosch, Sensata, NXP, STMicroelectronics, TE Connectivity, Melexis, Keller, Measurex, CiS Forschungsinstitut |
Regions Covered |
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Countries Covered |
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Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2022 to 2027 |
Number of Pages | 103 |
Customization Available | Yes, the report can be customized as per your needs |
What is the study period of this market?
The Piezoresistive Pressure Sensors Market is studied from 2017 - 2027.
What is the growth rate of the Piezoresistive Pressure Sensors Market?
The Piezoresistive Pressure Sensors Market is growing at a CAGR of 5.9% over the next 5 years.
Who are the key players in Piezoresistive Pressure Sensors Market?
Amphenol Advanced Sensors, Kistler, Merit Sensor, Bosch, Sensata, NXP, STMicroelectronics, TE Connectivity, Melexis, Keller, Measurex, CiS Forschungsinstitut
What regions does this Piezoresistive Pressure Sensors Market report cover?
North America (the United States, Canada, and Mexico)
Europe (Germany, France, UK, Russia, and Italy)
Asia-Pacific (China, Japan, Korea, India, and Southeast Asia)
South America (Brazil, Argentina, Colombia, etc.)
The Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria, and South Africa)
What are the significant types of Piezoresistive Pressure Sensors Market?
Diffuse Silicon Piezoresistive, Ceramic Piezoresistive, Strain Gage Piezoresistive
What are the major end-use applications of Piezoresistive Pressure Sensors Market?
Biomedical Applications, Automotive Industry, Household Appliances
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SECONDARY RESEARCH
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