Product ID: SQMIG45N2019
Global Pressure Sensor Market Size, Share, Growth Analysis, By Type(Wired and Wireless), By Technology(Piezoresistive, Electromagnetic), By Application(Automotive, Oil & Gas) - Industry Forecast 2024-2031
Report ID:
SQMIG45N2019 |
Region:
Global |
Published Date: February, 2024
Pages:
260
|
Tables:
94 |
Figures:
76
Global Pressure Sensor Market Insights
Global Pressure Sensor Market size was valued at USD 17.81 billion in 2019 and is poised to grow from USD 18.59 billion in 2023 to USD 26.24 billion by 2031, growing at a CAGR of 4.4% in the forecast period (2024-2031).
A pressure sensor is a sensor that detects pressure and transforms it into an electronic signal, the strength of which is dependent on the amount of pressure exerted. It gathers, records, and transmits data that is used to evaluate a device's performance. It uses silicon-wafer-based IC fabrication technology. It keeps an eye on and manages pressure, usually of gases and liquids. It monitors a variety of pressures, including gauge, absolute, vacuum, and differential pressure, among others. In numerous industries, including automotive, industrial, aviation, biomedical testing, air conditioning, and hydraulic measures, pressure sensors are utilized extensively.
In many process applications, including hydraulics and pneumatics, pressure sensors are used to track relative system pressure. Due to the growing number of applications in sectors including aerospace, automotive, healthcare, consumer goods, etc., these sensors have experienced tremendous expansion over time. For instance, the Korea Advanced Institute of Science and Technology (KAIST) created a very sensitive wearable pressure sensor in December 2019 for applications involving health monitoring. It has the ability to diagnose diseases early.
US Pressure Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.
Global Pressure Sensor Market Report Snapshots
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