(PRWEB) November 02, 2013
According to a new market research report “Pressure Sensor Market (2012 – 2017) - Global Forecast, Trend & Analysis – Segmentation by technology [Piezoresistive, Capacitive, Electromagnetic (Reluctance), Resonant Solid State, Optical], Applications [process and non process] and Geography,” the value of pressure sensor market was $5.11 billion in 2011 and is expected to reach $7.34 billion in 2017, at an estimated CAGR of 6.3% from 2012 to 2017. In terms of volume, the total number of pressure sensors shipped was 8.7 billion in 2011 and is expected to reach 16.37 billion units by 2017, at an estimated CAGR of 11.3% from 2012 to 2017.
Browse 80+ market data tables and 50+ figures spread through 302 pages and in-depth TOC of “Pressure Sensor Market (2012 – 2017)”. http://www.marketsandmarkets.com/Market-Reports/pressure-sensor-market-871.html
Early buyers will receive 10% customization on this report.
In the modern world, the need for pressure sensors is evolving and continuously growing. Today’s pressure sensors mainly utilize digital technology, which means they are better in efficiency and sensing performance. Pressure sensors have a significant place in different industry verticals. The major applications of pressure sensors are in petrochemical industry, automotive industry, consumer electronics industry, process industries, and healthcare.
The largest application segment for pressure sensors is the automotive segment due to their (auto motives’) use in Tyre pressure monitoring systems, engine management, and automatic transmission. The petrochemical and oil and gas segment follows as the second largest application segment for pressure sensors. In the medical industry, pressure sensors are used as low-cost disposable devices for
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