China Pressure Sensors Market - By Type (Wired Pressure Sensors, Wireless Pressure Sensors), Technology (Piezoresistive, Capacitive, Piezoelectric, Electromagnetic, Optical, Resonant Solid State), Application (Automotive, Consumer Electronics, Medical, Oil and Gas, Industrial, Environmental and Utility Monitoring), - (2017 - 2022)
China's pressure sensors market is projected to reach USD 0.82 billion by 2022, growing at a CAGR of 8.13% over the period 2017-2022. The pressure sensors market is driven by the increasing demand from the automotive segment, which uses pressure sensors for various applications such as TPMS and exhaust gas pressure of EGR systems. Government regulations mandating the use of pressure sensors in automobiles have also contributed to the growth in demand for pressure sensors. Increasing demand in new and existing manufacturing industries is expected to boost the performance of the market during the forecast period.
The pressure sensors market is dominated by piezoresistive and capacitive sensors as they are heavily used in automotive, medical, petrochemical, and oil & gas industries. Optical and resonant solid-state sensors are projected to exhibit high growth over the forecast period due to their applications in hazardous environments. Technological advancements and nanotechnology applications are the future opportunities for the pressure sensors market.
China's pressure sensors market is segmented on the basis of technology and end-user industry. The consumer electronics application segment is seen to record the fastest growth in this market. This report gives a detailed study of Porter's five forces analysis, market segments, and current market trends. All the five major factors in these markets have been quantified using the internal key parameters governing each of them. The report also covers the market landscape of these players, which includes the key growth strategies and competition analysis.
The report also considers key trends that will impact the industry. Some of the leading suppliers of pressure sensors mentioned in the report are:
What the Report Offers
Market definition for China's pressure sensors market along with identification of key drivers and restraints for the market.
Market analysis for China's pressure sensors market, with region-specific assessments and competition analysis on a regional scale.
Identification of factors instrumental in changing the market scenario, rising prospective opportunities, and identification of key companies that can influence the market on a regional scale.
Extensively researched competitive landscape section with profiles of major companies along with their strategic initiatives and market share.
Identification and analysis of the macro and micro factors that affect China's pressure sensors market on a regional scale.
A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information.