The study involved four major activities in estimating the current size of the pressure sensor market—exhaustive secondary research collected information on the market, peer, and parent markets. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain through primary research. Both top-down and bottom-up approaches were employed to estimate the complete market size. After that, market breakdown and data triangulation were used to estimate the market size of segments and subsegments.
Secondary Research
Various secondary sources have been referred to in the secondary research process to identify and collect information important for this study. The secondary sources include annual reports, press releases, and investor presentations of companies; white papers; journals and certified publications; and articles from recognized authors, websites, directories, and databases. Secondary research has been conducted to obtain critical information about the industry’s supply chain, the market’s value chain, the total pool of key players, market segmentation according to the industry trends (to the bottom-most level), regional markets, and key developments from market- and technology-oriented perspectives. The secondary data has been collected and analyzed to determine the overall market size, further validated by primary research.
List of major secondary sources
Primary Research
Extensive primary research was conducted after gaining knowledge about the current scenario of the pressure sensor market through secondary research. Several primary interviews were conducted with experts from the demand and supply sides across four major regions—North America, Europe, Asia Pacific, and RoW. This primary data was collected through questionnaires, emails, and telephonic interviews.
To know about the assumptions considered for the study, download the pdf brochure
Market Size Estimation
In the complete market engineering process, top-down and bottom-up approaches and several data triangulation methods have been used to estimate and forecast the overall market segments and subsegments listed in this report. Key players in the market have been identified through secondary research, and their market shares in the respective regions have been determined through primary and secondary research. This entire procedure includes the study of annual and financial reports of the top market players and extensive interviews for key insights (quantitative and qualitative) with industry experts (CEOs, VPs, directors, and marketing executives).
All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources. All the parameters affecting the markets covered in this research study have been accounted for, viewed in detail, verified through primary research, and analyzed to obtain the final quantitative and qualitative data. This data has been consolidated and supplemented with detailed inputs and analysis from MarketsandMarkets and presented in this report. The following figure represents this study’s overall market size estimation process.
Bottom-Up Approach
The bottom-up approach was used to determine the overall size of the pressure sensor market from the revenues of the key players and their shares in the market. The overall market size was calculated based on the revenues of the key players identified in the market.
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Identifying entities in the supply chain influencing the entire pressure sensor industry
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Analyzing each entity, along with related major companies
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Identifying technology providers for the deployment of products
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Estimating the market for pressure sensor end users
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Tracking ongoing and upcoming implementation of pressure sensor service developments by various companies and forecasting the market based on these developments and other critical parameters
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Arriving at market size by analyzing pressure sensor companies based on their countries and combining it to obtain market estimates by region
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Verifying estimates and crosschecking them through a discussion with key opinion leaders, including chief experience officers (CXOs), directors, and operation managers
Top-Down Approach
In the top-down approach, the overall market size has been used to estimate the size of individual markets (mentioned in the market segmentation) through percentage splits from secondary and primary research.
The most appropriate immediate parent market size has been used to implement the top-down approach to calculate the market size of specific segments. A top-down approach was implemented for the data extracted from the secondary research to validate the market size obtained.
Each company’s market share has been estimated to verify the revenue shares used earlier in the top-down approach. This study has determined and confirmed the overall parent market and individual market sizes by the data triangulation method and data validation through primaries. The data triangulation method in this study is explained in the next section.
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Focusing initially on topline investments by market players in the pressure sensor ecosystem
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Calculating market size based on revenue generated by market players through sales of pressure sensors
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Mapping use of pressure sensors in different applications
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Building and developing information related to revenue generated by market players through essential products
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Estimating geographic split using secondary sources considering factors such as the number of players in a specific country and region, the role of key players in developing innovative products, and adoption and penetration rates for various sensing methods and end uses in a particular country
Data Triangulation
After arriving at the overall market size from the above estimation process, the market has been split into several segments and subsegments. The data triangulation procedure has been employed wherever applicable to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments. The data has been triangulated by studying various factors and trends from both the demand and supply sides. Additionally, the market size has been validated using top-down and bottom-up approaches.
Market Definition
A sensor is a device that measures the changes in physical quantity or environmental characteristics of any material and converts them into signals, which, in turn, serve as inputs for controlling different kinds of systems. A pressure sensor is a transducer or instrument that converts an input mechanical pressure in gases or liquids into an electrical output signal. It consists of a pressure-sensitive element that can measure, detect, or monitor the pressure applied to electronic components and convert the information into electrical output signals. A pressure sensor measures the pressure of a variety of gases and liquids.
Key Stakeholders
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Suppliers of Raw Materials
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Technology Investors
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Designers, Manufacturers, and Suppliers of Pressure Sensors
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Integrators, Suppliers, and Service Providers of Pressure Sensors
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Government Laboratories
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In-house Testing Laboratories
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System Integrators
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Distributors, Resellers, and Traders
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Research Institutions and Organizations
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Providers of Application Software
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Pressure Sensor Forums, Alliances, Consortiums, and Associations
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Market Research and Consulting Firms
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End Users
Report Objectives
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To describe and forecast the size of the pressure sensor market, in terms of value, by connectivity, sensing method, sensor type, pressure range, end use, and region
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To describe and forecast the size of the pressure sensor market, in terms of volume, by end-use
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To forecast the market, in terms of value, for various segments concerning four regions: North America, Europe, Asia Pacific, and Rest of the World (RoW)
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To provide detailed information regarding the major factors, such as drivers, restraints, opportunities, and industry-specific challenges, influencing the growth of the pressure sensor market
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To analyze the micromarkets1 with respect to individual growth trends, prospects, and contributions to the total market
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To study the complete supply chain and allied industry segments and perform a supply chain analysis of the pressure sensor landscape
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To strategically analyze the regulatory landscape, tariff, standards, patents, Porter’s Five Forces, import and export scenarios, trade values, and case studies pertaining to the market under study
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To analyze the opportunities in the market for various stakeholders by identifying the high-growth segments of the pressure sensor market
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To profile the key players and comprehensively analyze their market position in terms of ranking and core competencies2, along with detailing the competitive landscape for market leaders
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To analyze competitive developments, such as product launches, acquisitions strategies, partnerships, and expansions, in the pressure sensor market
Available Customizations
With the given market data, MarketsandMarkets offers customizations according to the specific requirements of companies. The following customization options are available for the report:
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Detailed analysis and profiling of additional market players (up to 5)
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Additional country-level analysis of the pressure sensor market
Product Analysis
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Product matrix provides a detailed comparison of the product portfolio of each company in the pressure sensor market.
User
Sep, 2019
Global automotive sector have witnessed a steep decline in automotive sales. According to an estimate, global automotive sales is expected to witness a decline of more than 4 million units. For pressure sensor, automotive industry is the biggest end user. At what extent, downfall in automotive sales will affect pressure sensor demand? .
Basava
Mar, 2017
Interested to purchase report Pressure Sensors Market - Global Industry Analysis, Size, Shares, Trends, Segment & Forecast to 2020. Pressure Sensor Market by Technology (Piezo resistive, Capacitive, Electromagnetic, Others), Application (Automotive, Medical, Consumer Electronics, Others), & Geography (North America, South America, Europe, APAC, RoW) - Global Forecast to 2020.
User
Sep, 2019
Other than automotive industry, pressure sensor find its application in several end user industries including oil & gas, medical, and industrial applications. Among all the end user applications, which end user application is expected to witness an increase in demand in the coming years?.
User
Sep, 2019
Several industries have witnessed an increase in adoption of MEMS sensor due to its reduced size, low cost, and ease of integration. MEMS pressure sensor is also an increasing trend which will affect the market growth. For which end user applications, MEMS pressure sensor is expected to witness an increase in demand?.
User
Nov, 2019
Price of overall sensors including pressure sensor have came down over the years, supported by increasing penetration of smaller players in the market, miniaturization of technology, and decreasing raw material cost. To what extent, decrease in overall pricing of pressure sensor will affect revenue of companies?.
Max
Oct, 2015
Dear all, Would it be possible to buy single chapter of the report? If yes, could you please let me know the prices per chapter? .
Rudra
Sep, 2015
APAC is the leader in the pressure sensor market. How do you look towards the market in Middle East, and use of pressure sensor in exploration application in this region? Have you provided the estimates for pressure sensor in Middle East region for various applications?.
Joseph
Sep, 2018
Interested in market by application and geographic information regarding pressure sensors. I would like to see what kind of information is included in that section of the report..
Yuan
Aug, 2019
I am a student from reputed university in Germany. I am working on thesis about pressure sensors and I really need some of the marketing information. Can you please share me the sample of your market research report? It would be very nice of you..
Anthony
Apr, 2019
It would be great to have a profile of sensor market based on applications, the amount of pressure and the type of gas involved..
User
Mar, 2019
Several research companies release their shipment numbers either at the chip level or at the module level which alters the market size calculated in terms of value. For pressure sensor market, has the market size calculated on chip level or module level?.