South Korea Pressure Sensors Market – Size, Outlook, Trends and Forecast (2024 – 2032)

Published : 30 Aug 2024
Report Type : Country

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Home > Reports > Sensors > Electronics > South Korea Pressure Sensors Market – Size, Outlook, Trends and Forecast (2024 – 2032)
South Korea Pressure Sensors Market - Size
Study Period
2018 - 2030
Base Year For Estimation
2023
Forecast Data Period
2024-2030
Historical Data Period
2018-2021
CAGR
7 %
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels

A pressure sensor is a device for pressure estimation of gases or liquids, and they are stated regarding force per unit area. Pressure Sensors are used for monitor and controlling thousands of applications and measure variables like water level, speed, fluid flow, altitude. It acts as a transducer, and it generates a signal as a function of the pressure imposed. Pressure sensors are the major components in fuel consumption and reducing emissions.

South Korea Pressure Sensors Market Share:

In South Korea Market, a high market is expected in MEMS and piezoelectric pressure technologies. The regional market reckons 33.85% of the global market share and consumer electronic application segment reckons 16.3% of the global market share.

South Korea Pressure Sensors Market Size & Growth:

South Korea Pressure Sensors might grow up to USD 1.32 billion at a CAGR of 5.59% from 2018-2024.

In the Forecast Period, Optical technology followed by Consumer electronics, the resonant solid state

South Korea Pressure Sensors Market - Growth
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
is expected to grow at the highest CAGR.

Pressure Sensors also observe high growth towards automotive industry such as Tire Pressure Monitoring Systems and Engine Gas Recirculation. In the Forecast Period, South Korea has the highest growth due to the retrieval systems, increasing deployment of automated storage, and growing awareness about the importance of automated systems.

South Korea Pressure Sensors Market

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South Korea Pressure Sensors Market - Porter's Five Force Analysis
Source: Envision Intelligence Analysis & Experts Insights.
*Graph shown for illustrative purpose only, the final report will have the graph with actual data and data labels
Industry Analysis:

Pressure Sensors is segmented by type which includes wired and wireless, by technology which includes electromagnetic, capacitive, Optical, Piezoelectric, Piezoresistive, and resonant stable state, by an application which includes oil & gas, consumer electronics, medical, automotive, and environmental & utility monitoring applications.

South Korea

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