Pressure Sensor Market size is expected to reach USD 26.37 billion by 2030
Pressure Sensor Industry Overview The global pressure sensor market size was valued at USD 18.73 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. The market’s growth can be attributed to the rising demand for pressure sensors from various industry verticals, such as automotive and healthcare, and in various applications, such as consumer electronics, portable healthcare wearables, alarm systems, medical breathing appliances, water purifiers, refrigeration systems, and off-road constructions among others. Moreover, technological development has led to the production of compact, cost-effective, and even smart pressure sensors that can be linked to smart devices for accurate measurements, significantly contributing to the market’s demand. Gather more insights about the market drivers, restrains and growth of the Pressure Sensor Market The growing use of pressure sensors in home appliances, such as refrigerators and wash...