Post Covid-19 Update: PRESSURE SENSOR MARKET TO REACH USD 25.7 BILLION BY 2027 | CAGR 5.6% — FORENCIS RESEARCH

  • According to the new market research report “Pressure Sensor Market by Type (Aneroid Barometer Sensors, Manometer Sensors, Bourdon Tube Pressure Sensors, Vacuum Pressure Sensors, Sealed Pressure Sensors, Others), by Technology (Inductive Pressure Sensors, Potentiometric Pressure Sensors, Capacitive Pressure Sensors, Piezoelectric Pressure Sensors, Piezoresistive Pressure Sensors, Variable Reluctance Pressure Sensors, Optical Pressure Sensors, Others), by Function (Pressure Sensing, Flow Sensing, Altitude Sensing, Depth Sensing), by End-User Industry (Manufacturing, Aerospace & Defense, Healthcare, Oil & Gas, Marine, Consumer Electronics, Others), by Region (Asia Pacific, Europe, Middle East & Africa, South America, North America) — Global Forecast (2019 to 2027)”, the global pressure sensor market is estimated to reach USD 25.7 Billion by 2027 at a CAGR of around 5.6% during the review period.
  • A pressure sensor is an instrument which consists of pressure sensitive element to determine the actual pressure applied to the sensor and some parts to convert the information into output data
  • These sensors use IC fabrication technology made up on silicon wafer to measure different types of pressures such as absolute, gauge, and differential pressures
  • Pressure sensors are widely used in the various fields such as manufacturing, automotive, bio medical measurements, aviation, hydraulic measures, and air conditioning
  • Increasing demand for pressure sensors in automotive and medical applications as they play a vital role in to fulfill various end-user demands has expected to drive the growth of pressure sensor market
  • Advancement in microelectromechanical system (MEMS) for higher accuracy, better resolution, and lower energy consumption has expected to drive the growth of pressure sensor market during forecasted period
  • Growing awareness about Nano Electro- Mechanical systems (NEMS) Technology due to low power consumption, faster response, and multi-variable output such as temperature, acoustic, and pressure properties will become an opportunity for the product market
  • North America
  • Asia-Pacific
  • Honeywell International Inc.:
  • ABB:

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