Pressure sensors market to double by 2011
12 July 2006
News
Sensors are typically identified in relation to the type of energy they have been designed to detect or monitor. Examples are numerous, and would include temperature sensors, magnetic sensors, motion sensors, pressure sensors, and others such as optical, radiation, and acoustic sensors.
Pressure sensors are the smallest segment of the general sensors market, and they are sometimes overlooked in favour of the components that support more exciting or glamorous applications. Pressure is strictly defined as 'force per unit area,' and the force required to generate that pressure can come from different sources, as in from fluid or from weight. Pressure sensors are found mostly in automotive applications, with some applications in industrial process and automation, and a small but growing market for them in the medical segment.
The most promising applications for pressure sensing are automotive tyre pressure monitoring and blood pressure monitoring for the home market. Consider that tyre pressure monitoring has been mandated in the United States; and in a couple of years, all vehicles there will be required to have systems installed - a substantial opportunity for pressure sensors. And in blood pressure monitoring, a recent innovation will open a very large market for pressure sensors, as monitors have become disposable, with functions residing and performing in the space of a single chip.
For 2006, Databeans expects pressure sensors to generate well over $500m for the year, and expects that the market will grow to a size of over $1 bn by 2011. The pressure sensors market seems to be filled with opportunities for growth, which will lead to a healthy future average growth rate of 14% for revenue, and 18% in terms of unit shipments, for the duration of the forecast period.
Databeans (www.databeans.net) is a research firm providing intelligent market research to professionals in the electronics industry.
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