Report ID: SQMIG45N2019
Report ID:
SQMIG45N2019 |
Region:
Global |
Published Date: October, 2024
Pages:
260
|
Tables:
94 |
Figures:
76
The Asia Pacific region is projected to emerge as a leading market for pressure sensor companies across the study period and beyond. Rapid industrialization, growing automotive manufacturing, and rising adoption of industrial automation are expected to be key factors promoting sales of pressure sensors in this region. China is expected to emerge as the most opportune market in this region owing to the presence of an expansive manufacturing industry in the country. India, Japan, and South Korea are other noteworthy markets for pressure sensor providers looking to boost their business scope in the Asia Pacific region. The imposition of stringent safety mandates is also supplementing the sales of pressure sensors in this region.
Meanwhile, North America is expected to emerge as the fastest-expanding market for pressure sensor suppliers in the long run. Extensive use of pressure sensors in automotive systems, rapid increase in use of Industrial IoT solutions, and quick adoption of advanced sensor technologies are helping generate new business scope in this region. The presence of robust oil & gas and medical industry verticals along with leading pressure sensor suppliers is also expected to favor pressure sensor market growth in this region going forward. Canada and the United States are estimated to remain highly attractive markets for pressure sensor companies looking to make a mark in the North American region through 2031.
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Report ID: SQMIG45N2019