Pressure Sensor Market Size Surges Amidst Rising Demand in Automotive, Healthcare, and Industrial Sectors
Global Pressure Sensor Market Poised for Significant Growth, Driven by Technological Advancements and Expanding Applications Market Estimation & Definition The Pressure Sensor Market Size is experiencing a transformative phase, with increasing demand across various industries such as automotive, healthcare, consumer electronics, and industrial applications. According to a comprehensive market analysis, the pressure sensor market was valued at approximately USD 10.5 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 6.2% from 2023 to 2029, reaching an estimated USD 16.2 billion by the end of the forecast period. Pressure sensors, which are devices designed to measure the pressure of gases or liquids, have become indispensable in modern technology, enabling precise monitoring and control in a wide range of applications. The market's growth is fueled by the increasing adoption of Internet of Things (IoT) devices, the rise in automatio...