PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606421
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1606421
The market for Capacitive Ceramic Pressure Sensors was projected to reach USD 951.2 million in 2023 and expand at a CAGR of 7.20% between 2024 - 2032.
Capacitive ceramic pressure sensors employ the principle of capacitance to monitor pressure. They consist of conductive plates, an electrical connection, a ceramic diaphragm, a sensing element, and a dielectric substance. Along with many other benefits like high accuracy, quick response times, and exceptional long-term stability, capacitive ceramic pressure sensors monitor pressure precisely and reliably. These sensors can withstand a variety of challenging environmental factors, including high humidity, low temperatures, and corrosive materials. One of the main drivers of the capacitive ceramic pressure sensors market growth is the extensive use of the product in automotive applications, such as airbags, fuel injection, engine management, and tire pressure monitoring systems (TPMS). Additionally, capacitive ceramic pressure sensors detect intake manifold pressure, assist in tracking tire pressure, and deliver vital data for engine management. Consequently, the development of sophisticated medical equipment and gadgets, among other noteworthy advances in the healthcare sector, is supporting the market's expansion.
Capacitive Ceramic Pressure Sensors Market- Market Dynamics
Increasing the Capability of Ceramic Pressure Sensors in Severe Environments
Capacitive ceramic pressure sensors are used in many sectors to monitor the pressure of liquids and gases. These sensors have a wide range of applications, from life-saving medical device assistance to oil level monitoring in the automotive industry. These sensors can work in difficult conditions where extreme pressure and temperature factors are at play because of their robust, dependable, and reasonably priced construction. Compared to their stainless-steel equivalents, these sensors are tougher and more durable; the ceramic sensing diaphragms are ten times as robust. These sensors can also be used in environments where powerful chemicals are present. Consequently, the product exhibits increased longevity and durability. These characteristics are further enhanced by the sensors' resistance to wear.
Capacitive Ceramic Pressure Sensors Market- Key Insights
According to our research analyst's analysis, the global market is projected to expand at a CAGR of approximately 7.20% during the forecast period of 2024-2032.
The automotive and transportation category was predicted to hold the largest market share in 2023 based on application.
North America held the largest revenue share by region in 2023.
The Global Capacitive Ceramic Pressure Sensors Market is segmented into Application and Region.
Based on application, the market is segmented into Automotive and Transportation (Marine, Others), Industrial (Food and Beverage, HVAC, Energy and Chemical, Others), Medical, and Other Applications. The market's largest contributor is the automotive and transportation category. Automotive pressure sensors frequently measure the pressure of gases and liquids within an automobile. Ceramic capacitors, the main technical solution for pressure sensors, have the advantages of strong dielectric compatibility, corrosion resistance, and impact resistance. They are, therefore, used in many car systems. Automotive uses for pressure sensors include power steering, airbags, ABS, engine management, transmission, and direct TPMS. These sensors are part of the engine control system and are used in the exhaust, the engine, and the fuel injection pump. Capacitive ceramic pressure sensors are a useful tool for measuring the absolute or relative pressure of media in the most sophisticated automobile systems.
Capacitive Ceramic Pressure Sensors Market- Geographical Insights
The Capacitive Ceramic Pressure Sensors market is widely distributed geographically in North America, Latin America, Europe, Asia Pacific, the Middle East and Africa. These areas are further separated based on the countries that provide business.
North America dominates the market for capacitive ceramic pressure sensors because of the region's increased investment in R&D. Moreover, throughout the forecast period, the region's capacitive ceramic pressure sensor market is expected to grow even more because of the sectors' robust industrial structures. Additionally, these sensors have become the most important drivers of the market's expansion, forming the largest group by transduction type in the automobile industry thanks to more significant optimization, control, and safety enhancement.
The market for capacitive ceramic pressure sensors is expected to increase significantly in Asia-Pacific as a result of the expansion of automotive and industrial manufacturing businesses. Furthermore, it is expected that in the next years, the region's capacitive ceramic pressure sensor market will expand rapidly due to the growing need for pressure sensors. In addition, the increasing demand for in situ pressure measurement in high-temperature scenarios has led to a rise in the use of high-temperature capacitive ceramic pressure sensors in this area. Accurate pressure monitoring in high-temperature scenarios is essential for many applications, such as those in the advanced industries, aerospace, automotive, civil, and aero-engine turbine sectors.
The fragmentation of the capacitive ceramic pressure sensor market can be attributed to the small number of worldwide companies that possess substantial market shares. The major competitors such as Honeywell International Inc., ABB, Emerson Electric Co., Microsensor Co. Ltd., OMRON Corporation, STMicroelectronics, and others have strengthened their market share through a variety of growth tactics, including joint ventures, partnerships, expansions, new product launches, and mergers and acquisitions. The two things that businesses need to be competitive are product innovation and technology developments. The market participants emphasize portfolio diversity as a means of fortifying their positions in the market through mergers and alliances.
June 2021: Angst+Pfister Sensors and Power, along with Superior Sensor Technology, announced their collaboration in the field of extremely precise, application-specific pressure sensors. Angst+Pfister Sensors and Power will sell and promote the Superior Sensor product series, including the ND Series, HV Series, and SP Series, as part of their relationship.
March 2021: Pewatron AG and Pewatron Deutschland GmbH, the company's subsidiary, are now an essential component of the Angst+Pfister Group's businesses. Pewatron has been emphasizing the significance of sensors and power electronics as essential pillars of its growth strategy and stepping up aggressive efforts in this sector with the new brand Angst+Pfister Sensors and Power.