Pressure Sensors Market

Transparency Market

Research

Pressure Sensors Market - Global Industry Analysis,

Size, Share, Growth, Trends and Forecast, 2014 – 2020

Published Date

2014-08-01

86 Page Report

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Press Release

Pressure Sensor Market to Reach US$9.36 billion in 2020 Owing

to Growth in Motor Vehicle Production

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Pressure Sensors Market

REPORT DESCRIPTION

Pressure Sensors Market - Global Industry Analysis, Size, Share, Growth,

Trends and Forecast, 2014 – 2020

Driven by widespread expansion of the automotive industry, the global pressure sensors market

is poised to develop consistently at a 6.2% CAGR between 2014 and 2020. A recent report

published by Transparency Market Research on the global pressure sensors market forecasts the

market to reach an estimated value of US$9.36 billion in 2020, up from its valuation of US$6.53

billion in 2013. The report is titled “Pressure Sensors Market - Global Industry Analysis, Size,

Share, Growth, Trends and Forecast, 2014 - 2020”. The report cites increasing production of

motor vehicles as one of the primary growth drivers of the global pressure sensors market.

Additionally, the industry has also hugely benefited from the latest government regulations

mandating the use of pressure sensors in automobiles. Increasing adoption of technological

advances such as MEMS or microelectrochemical systems has played a crucial role in boosting

demand for pressure sensors. Furthermore, rapid urbanization observed in Asia Pacific and the

Middle East has also helped the market chalk out a strong growth trajectory.

Browse the full Pressure Sensors Market report at

http://www.transparencymarketresearch.com/pressure-sensor-market.html

However, consumers continue to remain apprehensive about the purchase of pressure sensors

owing to their high installation cost. The...