Global Piezoresistive Pressure Sensors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Piezoresistive Pressure Sensors Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

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.

Market Overview:

The latest research study on the global Piezoresistive Pressure Sensors market finds that the global Piezoresistive Pressure Sensors market reached a value of USD 1026.47 million in 2022. It’s expected that the market will achieve USD 1288.39 million by 2028, exhibiting a CAGR of 3.86% during the forecast period.

Market Restraints

Although the widespread application of piezoresistive pressure sensors in the automotive industry has led to an increase in shipments of these sensors, price increases have severely restricted sales growth. This is partly due to fierce competition among more and more sensor manufacturers, which has led to rapid innovation in new portable, consumer and IoT applications.

Several companies are shifting their research and development activities to provide cost-effective solutions for existing pressure sensing technologies. Due to the price pressure of high-volume applications, manufacturers have to reduce the price of piezoresistive pressure sensors. The price drop not only hinders the revenue growth of the highly competitive piezoresistive pressure sensors market, but also reduces the supplier's profit margin.

Legislation implemented by regulatory agencies plays a key role in creating a positive macroeconomic environment for different sectors that drive current development trends. However, the most successful economies in establishing and maintaining the health industry are those in which the government has reduced participation at the microeconomic level and allowed market principles to operate.

In the current era of globalization, when countries increase trade activities, free trade policies can better realize the benefits of export growth. In this case, excessive tariffs are not conducive to globalization, and tariffs must be lowered. For example, after the Brexit, there were trade problems between the United Kingdom and the European Union (EU). Similarly, the ongoing trade war between China and the United States is expected to further affect the entire piezoresistive pressure sensor field, because the manufacturing plants of several piezoresistive pressure sensor manufacturers are located in China.

Company Overview:

Bosch Sensortec GmbH is one of the major players operating in the Piezoresistive Pressure Sensors market, holding a share of 17.15% in 2020.

Bosch Sensortec GmbH, a fully owned subsidiary of Robert Bosch GmbH, develops and markets a wide portfolio of microelectromechanical systems (MEMS) sensors and solutions tailored for smartphones, tablets, wearables and hearables, AR/VR devices, drones, robots, smart home and IoT (Internet of Things) applications.

Honeywell International Inc. is a worldwide technology and manufacturing company. The Company provides aerospace products and services, control, sensing and security technologies for commercial buildings, safety and productivity solutions, specialty chemicals, advanced materials, process technology for refining and petrochemicals, and energy efficient products and solutions.

Key Companies in the global Piezoresistive Pressure Sensors market covered in Chapter 3:

BCM Sensor
Bosch Sensortec GmbH
NXP Semiconductors
Pewatron AG
Honeywell International Inc.
STMicroelectronics
Ninghai Sendo Sensor Co Ltd.
Kistler
TE Connectivity
Eltek Group
Amphenol Advanced Sensors

In Chapter 4 and Chapter 14.2, on the basis of types, the Piezoresistive Pressure Sensors market from 2018 to 2029 is primarily split into:

Ceramic
Silicon
Metal

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Piezoresistive Pressure Sensors market from 2018 to 2029 covers:

Automotive
Healthcare
Consumer Electronics
Industrial
Oil and Gas

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)