DUBLIN--(BUSINESS WIRE)--Sep 4, 2018--The “Global Capacitive Pressure Sensor Market - Segmented by Material (Silicon, Ceramic), End User, and Region - Growth, Trends, and Forecast (2018 - 2023)” report has been added to ResearchAndMarkets.com’s offering.
The capacitive pressure sensor market was valued at USD 2.187 billion in 2017, and is expected to reach a market value of USD 3.6 billion by 2023, registering a CAGR of 8.63% during the forecast period (2018-2023).
Emphasis on Miniaturization & Integration of Advanced Technology in Products to Drive the Market
Despite the advancements in technology, the demand for handheld electronic devices with a small form factor has had a huge influence in various sectors, such as automotive, consumer electronics, aerospace, media, and retail. Industries, such as aerospace and bio-medical, are being comparatively more stringent regarding size and weight requirements.
Major players in these sectors do not hesitate to continue their research on further miniaturization of the equipment. Additionally, surface micromachining is providing a better trade-off between miniaturization and high performance.
The consumer electronics devices sector is another major sector generating a huge demand for miniaturization. The growing demand for wearable technology is a major driver for market growth in the consumer electronics sector.
The low power consumption and the lowest possible sizes are the major factors that give a competitive edge to industry players. This has resulted in more emphasis on miniaturization of the devices.
Key HighlightsGrowing Demand from the Automotive Sector to Augment Growth Rising Demand from Europe to Augment Market Growth
Notable Development in the MarketTDK Corporation announced the launch if InvenSense ICP-10100, ultra-low noise and ultra-low power MEMS capacitive barometric pressure sensor.
Companies ProfiledACS-Control-System GmbH BD Sensors GmbH Impress Sensors & Systems Ltd. Infineon Technologies Inc. Kavlico Metallux SA Murata Manufacturing Co. Ltd. Pewatron AG Sensata Technologies Inc. VEGA Controls Ltd.
Key Topics Covered
2. Research Approach and Methodology
3. Executive Summary
4. Market Dynamics
5. Global Capacitive Pressure Sensor Market Segmentation
6. Competitive Intelligence - Company Profiles
7. Investment Analysis
8. Future Outlook of the Capacitive Pressure Sensor Market
For more information about this report visit https://www.researchandmarkets.com/research/6zbgsx/global_3_6bn?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180904005495/en/
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Related Topics:Capacitive Sensors
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING OTHER MANUFACTURING
SOURCE: Research and Markets
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PUB: 09/04/2018 08:51 AM/DISC: 09/04/2018 08:51 AM