South Korea Pressure Sensors Market - Growth, Trends and Forecasts (2015 - 2020)
The South Korea pressure sensors market is projected to reach USD 0.39 billion by 2018 growing at a CAGR of 5.56% over the period 2014-2020. The pressure sensors market is driven by the increasing demand from the automotive segment that uses pressure sensors for various applications such as TPMS and exhaust gas pressure of EGR System. Government regulations mandating the use of pressure sensors in automobiles have also contributed to the growth in demand for pressure sensors.
The pressure sensors market is dominated by piezoresistive and capacitive sensors as they are heavily used in automotive, medical, petrochemical, oil and 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 pressure sensor market.
The South Korea pressure sensors market is segmented on the basis of technology, end-user industry, and geography. Consumer electronics application segment is analyzed to record the fastest growth in this market. Increasing automobile production, rapid industrialization, lower operational costs, and growing middle class in the emerging economies of Asia Pacific act as the key drivers of the pressure sensors market over the forecast period.
This report describes a detailed study of the 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. It 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 proximity sensors mentioned in the report are:
Bosch Honeywell International Freescale Semiconductor Infineon Technologies Panasonic Corporation
What the report offers
Market definition for South Korea pressure sensors market along with identification of key drivers and restraints for the market Market analysis of the South Korea pressure sensors market , with region specific assessments and competitive analysis on the global and regional scales Identification of factors instrumental in changing the market scenario and in offering prospective opportunities The identification of key companies which can influence the market on both the global and regional fronts 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 the South Korea pressure sensors market on both the global and regional scales A comprehensive list of key market players along with the analysis of their current strategic interests and key financial information
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