Industrial, Manufacturing & Heavy Industry Market News

Pressure sensor market revenue will reach $12.07 billion by 2024 just published

Industrial Market Research

A drastic increment in the usage of pressure sensors in automotive industry, improvisations in MEMS & NEMS technologies and demand of pressure sensors in consumer electronics has boosted the growth of pressure sensor market all over the globe. The use of pressure sensors in the medical field can act as a growth opportunity for the market.

As per the report “Pressure Sensor Market Make an Inquiry about this news by Type (Piezo-resistive, Electromagnetic, Capacitive, Resonant, solid state, Optical), Industry trends, Estimation & Forecast, 2016 - 2024", the global pressure sensor market was valued at $7.2 billion in 2016, and is projected to reach $12.07 billion by 2024, growing at a CAGR of 6.7% from 2017 to 2024. In 2016, the Piezoresistive sensor market generated the highest revenue share in the global pressure sensor market.

Among major regions, North American pressure sensor market was the highest revenue generating market valued at $2 billion in 2016.

To know more about the report, visit at…ure-sensor-market Make an Inquiry about this news

Piezoresistive sensors lead the sensor market in 2016 growing at a CAGR of 6.5% during forecast 

The piezoresistive sensors lead the global pressure sensor market garnering a revenue of $2.01 billion in 2016.