According to a new market research report published by Credence Research?Pressure Sensors Market(Technology ? Piezoresistive, Electromagnetic, Resonant Solid State, Capacitive, Optical and Others) - Growth, Share, Opportunities, Competitive Analysis and Forecast 2016 - 2023?,the global pressure sensorsmarket was valued at US$ 6.88 Bn in 2016 and is projected to expand with a CAGR of 5.4% through the forecast period 2016 to 2023.

The complete report is available at http://www.credenceresearch.com/report/pressure-sensors-market

Market Insights

Pressure sensor refers to a device that senses/measures pressure, typically of fluids and gases, and converts it into an equivalent analog electrical signal.Some of the most popular pressure sensing technologies are piezoresistive, electromagnetic, resonant solid state, capacitive and opticalamong others.Pressure sensors are typically used for applications such as pressure sensing, altitude measurement, depth measurement and flow sensing. Over the period of time, pressure sensors have found immense applications across different sectors such as automotive, industrial manufacturing and processing, healthcare, oil and gas and others. Another major promising application of pressure sensors is increasing use in the consumer electronics segment.

Automotive and industrial manufacturing and processing are the most popular and largest consumers of pressure sensors. Thus, the most significant factor fueling the pressure sensors market growth is the steadily rising automotive and industrial manufacturing/processing industry worldwide. Another major factor propelling the market growth, in terms of volume and revenue, is the mandatory installation pressure sensors in automotive vehicles. In various countries such as the U.S., South Korea, Japan, China, Israel and many other European countries have mandated the use of tire pressure monitoring system (TPMS) for better safety. This is estimated to generate substantial demand for pressure sensors across the segment. Nevertheless, one of the major challenges for the market is high installation and replacement costs of these sensors.

Competitive Insights:

Pressure sensors market comprises large number of players worldwide and hence has emerged highly competitive in nature, over the period of time. One of the most significant challenges for the market players is to develop high accuracy sensing devices with compact design. Thus, majority of the companies operating in the market strive to develop miniaturized products with sustained accuracy of the sensors. Another major area of focus for the pressure sensor manufacturers is targeting major applications segments such as automotive, healthcare, industrial manufacturing and processing, consumer electronics and others.

Key Trends:

• Development of more advanced pressure sensors having small size and high sensitivity
• Pressure sensors based on microelectromechanical system (MEMS)
• Strengthening of sales channel worldwide
• Acquisition of other sensing solutions providers in the market
• Focus on specific promising applications such as automotive, consumer electronics, healthcare and others

The complete report is available at http://www.credenceresearch.com/report/pressure-sensors-market

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A pressure sensor is a device for pressure measurement of gases or liquids. Pressure is an expression of the force required to stop a fluid from expanding, and is usually stated in terms of force per unit area. A pressure sensor usually acts as a transducer; it generates a signal as a function of the pressure imposed. For the purposes of this article, such a signal is electrical.

Pressure sensors are used for control and monitoring in thousands of everyday applications. Pressure sensors can also be used to indirectly measure other variables such as fluid/gas flow, speed, water level, and altitude. Pressure sensors can alternatively be called pressure transducers, pressure transmitters, pressure senders, pressure indicators, piezometers and manometers, among other names.

Pressure sensors can vary drastically in technology, design, performance, application suitability and cost. A conservative estimate would be that there may be over 50 technologies and at least 300 companies making pressure sensors worldwide.

There is also a category of pressure sensors that are designed to measure in a dynamic mode for capturing very high speed changes in pressure. Example applications for this type of sensor would be in the measuring of combustion pressure in an engine cylinder or in a gas turbine. These sensors are commonly manufactured out of piezoelectric materials such as quartz. Source : Wikipedia

How does a pressure sensor work?

A pressure sensor is a device which senses pressure and converts it into an analog electric signal whose magnitude depends upon the pressure applied. Since they convert pressure into an electrical signal, they are also termed as pressure transducers.

Pressure transducers have a sensing element of constant area and respond to force applied to this area by fluid pressure. The force applied will deflect the diaphragm inside the pressure transducer. The deflection of the internal diaphragm is measured and converted into an electrical output.

[Ref: engineersgarage.com]

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