piezoelectric sensor market is growing at CAGR 5.08% during the forecast 2018-2023. - PowerPoint PPT Presentation

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piezoelectric sensor market is growing at CAGR 5.08% during the forecast 2018-2023.


The global piezoelectric sensor market is estimated to cross $2.3 billion by 2023 growing at CAGR 5.08% during the forecast period 2018-2023. Increasing demand for miniaturization gives rise to advance models of computing as small and integrated devices working collaboratively with communication capabilities – PowerPoint PPT presentation

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Title: piezoelectric sensor market is growing at CAGR 5.08% during the forecast 2018-2023.

Piezoelectric Sensor Market is estimated to cross
2.3 billion by 2023 growing at CAGR 5.08 during
the forecast 2018-2023.
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Asia Pacific has a major share in the
Piezoelectric Sensor Market. This is due to the
increasing technological advancements coupled
with the adoption of these sensors in countries
like China and India. The region is expected to
have a growth rate of 6.7 by 2023. Growing
healthcare investments and increasing penetration
of medical devices across Asia Pacific are also
responsible for the growth of piezoelectric
devices in the region.   Aerospace and
automotive sectors are providing opportunities
for the piezoelectric sensor in China. Growing
demand for commercial vehicles and other
passenger cars also provide opportunities for the
Piezoelectric Sensor Market in Asia Pacific.
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Selected Analysis Done in the Full Report
Mechanical energy has the largest share of 49 in
the Piezoelectric Sensor Market. This trend is
expected to continue in the coming years. The
market is expected to reach 1.16 billion by
2023. Wireless sensors which get their power from
a mechanical energy source will drive the demand
for the industrial pressure sensor in the coming
years. This factor provides many opportunities
for the piezoelectric ultrasonic transducer .
Emphasis on home automation along with concerns
of the electric components propels the demand for
the piezoelectric pressure sensor in the home
automations and building segment.
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Excerpts on market growth factors
  • Electronics segment is sure to escalate the
    demand for piezoelectric actuator due to the
    increasing demand for smart phones and tablets.
  • The Piezoelectric Sensor Market is expected to
    make advancements in a broad range of
    applications in industry verticals like aerospace
    defence, industrial manufacturing,
    automotive, healthcare, telecommunication,
    consumer electronics, and others.

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Key Players of the Palletizing Systems Market
  • TE Connectivity
  • CTS Corporation
  • Spectris
  • First Sensor AG
  • Parker Hannifin Corporation
  • And 15 more

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About IndustryARC
IndustryARC is a research and consulting firm
that publishes more than 500 reports annually in
various industries, such as Agriculture,
Automotive, Automation Instrumentation,
Chemicals and Materials, Energy and Power,
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RC primarily focuses on Cutting Edge Technologies
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