Pressure Sensor Market Size Worth To Reach $11,396.3 Million By 2024: Grand View Research, Inc.4/20/2018 The global pressure sensor market size is expected to reach USD 11,396.3 million by 2024 according to a new study by Grand View Research, Inc. The global Pressure Sensor Market was valued at USD 7,096.7 million in 2015. The market is anticipated to experience surges in growth owing to the utility of pressure sensors in diverse industry verticals. The emergence of pressure sensors in corporate in the Microelectromechanical Systems (MEMS) technology is further impelling growth in the industry andis substantially increasing the application scope of such sensors.
The demand for high-performance, cost-efficient, and reliable sensors has increased, leading to a higher spending by industry vendors in R&D activities. Technological proliferation and advancements in the nanotechnology and micro-technology present several opportunities, such as miniaturization, low power consumption, and mass production of such sensors. The increasing adoption of pressure sensors in consumer goods and wearable devices, such as watches, tablets, and smartphones, are substantially contributing to the industry expansion. The use of MEMS pressure sensors in the industrial control applications and processes, HVAC applications, and level measurements is instrumental in energizing the industry prospects. Full Research Report On Global Pressure Sensor Market By Grand View Research: www.grandviewresearch.com/industry-analysis/pressure-sensors-industry Further key findings from the study suggest:
www.grandviewresearch.com/industry/automotive-and-transportation Grand View Research has segmented the global Pressure Sensor Market on the basis oftechnology, application, and region: Pressure Sensors Technology Outlook (Revenue, USD Million, 2014 - 2024)
www.grandviewresearch.com/press-release/global-pressure-sensors-market About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. For More Information: www.grandviewresearch.com
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