The Global Piezoresistive Pressure Sensors Market size was valued at USD XX Billion in 2022 and is expected to surpass USD XX Billion by 2031, expanding at a CAGR of 5.8% during the forecast period, 2023 – 2031. The growth of the market is attributed to the increasing usage of these sensors in the biomedical and automobile industries to provide fine sensitivity, as well as better linearity.
Piezoresistive pressure sensor is a strain gauge pressure sensor that detects change in electrical resistance of semiconductor or metal when mechanical strain is applied on it. Various thin films, thick films, bonded metal foils, and silicon & sputtered thin films are substrates of piezoresistive pressure sensors. These sensors can measure absolute, gauge, relative, and differential pressure in both high- and low-pressure application by using micro electro mechanical system (MEMS) technology.
These miniaturized sensors find large-scale controlling and monitoring applications in automotive sector to ensure safety through engine optimization, emission control, as they are inexpensive and provide fine sensitivity. Reliability, rugged nature, and long operational life of piezoresistive pressure sensors makes it an ideal for hazardous environment such as offshore or subsea gas and oil processing plants, effluent treatment plants for fluid leakage detection, and exhaust gas recirculation.
Increasing use of this type of pressure sensor due to its eco-friendly nature, while its security highlights imply that the piezoresistive pressure sensor market share can undergo substantial growth in coming years.
Market Drivers, Restraints, Trends, and Opportunities
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Rising vehicle and medical device production in developing economies along with the favorable government initiatives and policies is anticipated to propel the market growth.
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Growing use of nanotechnology applications is expected to positively impact the market development during the forecast period.
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Piezoresistive pressure sensors require extra power during operation and the noise limit is high compared to capacitive pressure sensors, which can prove to be a restraint for the piezoresistive pressure sensors market.
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Increasing awareness toward fuel economy and stringent emission regulations are anticipated to fuel the market growth.
Scope of Piezoresistive Pressure Sensors Market Report
The report on the piezoresistive pressure sensors market includes an assessment of the market, trends, segments and regional markets. Overview and dynamics have also been included in the report.
Attributes
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Details
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Report Title
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Piezoresistive Pressure Sensors Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016–2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Ceramic, Silicon, Other Materials), End-user Industries (Automotive, Healthcare, Consumer Electronics, Industrial, and Oil & Gas)
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Regional Scope
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Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
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Report Coverage
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Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
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Key Players Covered in the Report
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BD Sensors GmBH, Metallux SA, First Sensor AG, Honeywell International Inc., and Impress Sensors and Systems Ltd
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Piezoresistive Pressure Sensors Market Segment Insights
Silicon segment to account a large market share
Based on types, the market is segregated as silicon, ceramic and others. The silicon segment is projected to account for a large market share during the forecast period. Increased use of silicon in manufacturing of piezo resistive pressure sensors and rapid growth of the semiconductor industry is propelling the market segment growth.
Automotive segment to grow at a significant rate
Based on end-users, the market is divided into automotive, healthcare, consumer electronics, industrial, oil & gas. The automotive segment is expected to grow at a significant rate owing to rising use of piezoresistive transducers in the development of automotive pressure sensors. Moreover, rising disposable income is driving the growth of the market segment.
North America to account for a major market share
Based on regions, the market is classified as Asia Pacific, North America, Latin America, Europe, and Middle East & Africa. North America is projected to account for a major market share during the forecast period.
Rapid growth in the automotive and healthcare industries owing to rising purchasing power and increasing investment on the healthcare expenditure, respectively are driving the regional market growth. The US is majorly contributing to the market share in the region, followed by Canada.
The market in Asia Pacific is anticipated to exhibit a high CAGR during the forecast period. Increasing production of automobiles owing to rapid industrialization in emerging economies such as India and China is driving the market growth in the region.
Segments
The global piezoresistive pressure sensors market has been segmented on the basis of
Types
End-user Industries
- Automotive
- Healthcare
- Consumer Electronics
- Industrial
- Oil & Gas
Regions
- Asia Pacific
- North America
- Latin America
- Europe
- Middle East & Africa
Key Players
Competitive Landscape
Some of the major players in the market are BD Sensors GmBH, Metallux SA, First Sensor AG, Honeywell International Inc., Impress Sensors and Systems Ltd.
Low power consumption and the lowest possible size range of piezo resistive sensors are the key factors that are providing a competitive edge to industry players.
