Wireless Pressure Sensors Global Market to Reach $6.3 Billion by 2030: Increasing Demand from Automotive and Aerospace Sectors Drives Growth


Dublin, May 17, 2023 (GLOBE NEWSWIRE) -- The "Wireless Pressure Sensors: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.

The global market for Wireless Pressure Sensors estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$6.3 Billion by 2030, growing at a CAGR of 18.6% over the analysis period 2022-2030.

Piezoresistive, one of the segments analyzed in the report, is projected to record a 19.9% CAGR and reach US$2.2 Billion by the end of the analysis period.

Taking into account the ongoing post pandemic recovery, growth in the CMOS segment is readjusted to a revised 18.2% CAGR for the next 8-year period.

The U.S. Market is Estimated at $474.4 Million, While China is Forecast to Grow at 17.7% CAGR

The Wireless Pressure Sensors market in the U.S. is estimated at US$474.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.1 Billion by the year 2030 trailing a CAGR of 17.7% over the analysis period 2022 to 2030.

Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.9% and 15.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 12.4% CAGR.

Select Competitors (Total 47 Featured) -

  • BB Group
  • Emerson Electric Company
  • Honeywell International, Inc.
  • Infineon Technologies AG
  • OleumTech
  • Siemens AG
  • TE Connectivity Ltd.
  • Texas Instruments, Inc.

Key Attributes:

Report AttributeDetails
No. of Pages226
Forecast Period2022 - 2030
Estimated Market Value (USD) in 2022$1.6 Billion
Forecasted Market Value (USD) by 2030$6.3 Billion
Compound Annual Growth Rate18.7%
Regions CoveredGlobal

Key Topics Covered:

I. METHODOLOGY

II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Sensor and Pressure Sensor: An Introduction
  • Pressure Sensors: Types, Limitations and Challenges
  • Driven by Technical Advancements Wireless Sensors Find Usage in Newer and Niche Application Areas
  • Industrial Wireless Sensors Exhibiting a High Growth over Short Term
  • Wireless Pressure Sensors Market: Macro Industry Overview
  • Wireless Pressure Sensors - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • Impact of Covid-19 and a Looming Global Recession

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • Pressure Sensing: One of the Key Growth Markets of Sensors
  • Medical Sector to Benefit from Breakthroughs in Wireless Pressure Monitoring Devices
  • Enabling Monitoring and Recording Physiological Data through Wireless Sensing Devices
  • Graphene Based Flexible Wireless Pressure Sensor Finds Usage in Highly Sensitive Detection Devices
  • Tube Shaped Wireless Pressure Sensor Developed for BP Monitoring
  • Increasing Demand from Automotive and Aerospace Sectors Drive Pressure Sensors Market

4. GLOBAL MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETITION

For more information about this report visit https://www.researchandmarkets.com/r/b41pb

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Global Market for Wireless Pressure Sensors

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