Pressure Sensor Market Trends, Growth And Regional Outlook and Forecast 2020-2027 | Impact of COVID-19
Pressure Sensor Market Research Report- Forecast till 2023 Market Highlights A pressure sensor is used for pressure measurement of gases or liquids. The sensors make use of IC fabrication technology made on silicon wafers, which helps in monitoring and controlling the pressure of gases and liquids. These sensors are capable of measuring different types of pressures such as vacuum, absolute, gauge, and differential pressure. The global Pressure Sensors Market Trends is estimated to reach USD 12 billion with CAGR 6% through the forecast period 2023 Market Synopsis Primarily driving the market is the growing demand for pressure sensors in automotive and medical applications. Growing pressure sensor applications in consumer electronics and developments in MEMS (Micro-electromechanical Systems) are accelerating market development. Nevertheless, the extreme pressure sensor price environment hampers market growth. The growing demand from the automotive and medical industries and the risin