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Opportunities For The Global Pressure Sensor Market To Reach $12 Billion By 2023

Opportunities For The Global Pressure Sensor Market To Reach $12 Billion By 2023

Submitted by • December 21, 2017 www.lucintel.com

According to a new market report published by Lucintel, the future of the global pressure sensor market looks attractive with opportunities in the industrial, healthcare, consumer electronics, and automotive industries. The global pressure sensor market is expected to reach an estimated $12 billion by 2023 with a CAGR of 5.1% from 2018 to 2023. The major growth drivers for this market are stringent government regulations for safety in the automotive industry, growth in consumer electronics, and increasing demand for microelectromechanical systems (MEMS) technology.

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