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Detailed examination of the printed and flexible sensor market revenue will reach $12.3 billion by 2024

Industrial Market Research

Constant improvisations in manufacturing technology have abridged the production and sensors costs radically due to which the market is expected to see a moderately slow growth in terms revenue. However, the prices of printed and flexible sensors are anticipated to decline in future with further advancements in manufacturing process, hence enhancing the market growth

As per the report "Printed and Flexible Sensor Market Make an Inquiry about this news By Type (Biosensors, Capacitive, Piezoelectric, Piezoresistive, Photodetectors, Digital x-ray , Hybrid CMOs, Temperature, Gas), Industry trends, Estimation & forecast, 2016 - 2024," The global printed and flexible sensors market was valued at $7.2 billion in 2016, and is projected to reach $12.3 billion by 2024, growing at a CAGR of 7% from 2017 to 2024. In 2016, the biosensor segment market generated the highest revenue share in the global printed and flexible sensor market.

Among major regions, North American market was the highest revenue generating market valued at $2.3 billion in 2016.

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Biosensors represented the largest application segment in the printed and flexible sensors market in 2016

Biosensors can be used to produce cost-effective, easy-to-use, sensitive and highly accurate detection devices in a diversity of research and commercial applications.