According to the new report titled "Low Differential Pressure Sensor Market by Product Type (Analog and Digital) and End User (Automotive, Medical, Industrial, Military & Defense, and Others) - Global Analysis to 2023", the valuation of the low differential pressure sensor market is projected to grow at a healthy CAGR in the forecast period of 2018 to 2023.
The high performance at low differential pressure sensor, increasing demand from automotive and medical industries, and stringent government regulations has increased the demand for low differential pressure sensor.
Analog dominated the low differential pressure sensor market
Analog accounted for the highest share in the low differential pressure sensor market in 2017. The growing adoption of optical technology, fast measurement of pressure difference, and reliable to use have driven the demand for analog in low differential pressure sensor.
Asia Pacific is expected to the low differential pressure sensor market in 2023
Asia Pacific dominated the low differential pressure sensor market in 2023. The presence of growing economic countries such as China, India, Japan, and South Korea, as well as low cost of raw material in the region have driven growth of the market.
Key market players operating in the market that are profiled in the report are Infineon Technologies (Germany), Honeywell (US), Emerson Electric (US), General Electric (US), Siemens (Germany), ABB (Switzerland), NXP Semiconductors (Netherland), STMicroelectronics (Switzerland), and Robert Bosch (Germany).
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