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Many different types of pressure sensors are used across various industries globally, with rising demand. And experts predict the market is set to continue to grow. According to a recent report, the global pressure sensor market is expected to grow from US$13.6 billion in 2020 to US$20.8 billion by 2020*.
As technology advances, there is a growing demand for sensors with high accuracy and reliability. Notable developments in the creation of microelectromechanical (MEMS) sensors, growing safety features in automobiles and more demand from the medical and automotive industries are all contributors behind the significant growth in the pressure sensors market.
Due to the unprecedented Covid-19 pandemic, there has been a significant disruption to the manufacturing and supply chain of pressure sensors. While global lockdowns and industries being reduced impacted the growth of the pressure sensor market at the start of the pandemic, markets are now slowly rebuilding their momentum as countries and industries start reopening. As a result, the demand for pressure sensors is expected to reignite as the world starts to adjust to the ‘new normal’.
*Pressure Sensor Market by Product Type (Absolute, Gauge, Differential, Sealed, and Vacuum), Technology (Piezoresistive, Capacitive, Resonant, Electromagnetic, and Optical), Application, Function, End-User Industry, and Geography – Global Forecast to 2025, Markets and Markets
