Pressure Sensor Market Valued $21.9 Billion by 2026
November 23, 2021 at 15:18 PM EST
Northbrook, IL -- (SBWIRE) -- 11/23/2021 -- According to the new research report, the "Pressure Sensor Market with COVID-19 Impact Analysis by Sensor Type (Wired, Wireless), Technology (Piezoresistive, Capacitive, Optical), Product (Absolute, Gauge, Differential), End Use, Vertical, and Geography-Global Forecast to 2026", published by MarketsandMarkets™, the market is expected to grow from USD 14.8 billion in 2021 to USD 21.9 billion by 2026; it is expected to grow at a CAGR of 8.2% during 2021–2026. The rise in demand for pressure sensors is increasing continuously owing to their increasing applications in the IoT environment. Growth of the pressure sensor market can also be attributed to the rising global demand for miniaturized devices, technological advancements in electronic devices, and the availability of portable electronic devices for automotive, industrial, and healthcare applications.
