Lucintel’s latest market report analyzed that pressure sensor provides attractive opportunities in the industrial, healthcare, consumer electronics, and automotive industries. The pressure sensor market is expected to reach $16.5 billion by 2025 with a CAGR of 7.4%. In this market, piezoresistive is the largest segment by technology, whereas automotive is largest by type of end use industry. The development of implantable pressure transduction system and the development of nanoelectromechanical system (NEMS) pressure sensor provides strategic growth path in this market.
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Based on technology, the pressure sensor market is segmented into piezoresistive, electromagnetic, resonant solid state capacitive, optical, and others. The piezoresistive segment accounted for the largest share of the market in 2020 due to increasing demand in aerospace and automotive industries. The optical technology segment is expected to register the highest CAGR during the forecast period due to its increasing penetration in medical electronics and automotive applications.
Browse in-depth TOC on “Pressure Sensor Market”
67 – Tables
86 – Figures
167 – Pages
The pressure sensor market is marked by the presence of several big and small players. Some of the prominent players offering pressure sensor include ABB, Emerson Electric Co, Analog Devices., Denso Corporation, and Robert Bosch.
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