Global piezoresistive pressure sensors market is anticipated to grow at a moderate CAGR of 3.5% during the forecast period (2024-2031).A major factor supporting the growth of the market is the extensive demand for sensors in range of industries. In order to meet the growing demand for these sensors key manufacturers are adopting several strategies such as new product launch and investment in R&D.For instance, in January 2022, Superior Sensor Technology announced adding two new pressure sensor families to extend its ND series. These new devices enable manufacturers to develop more stable and accurate products cost-effectively for several industrial equipment applications operating at low to mid-pressure ranges. The new mid-pressure sensors support commercial, transportation, research and development, and manufacturing equipment manufacturers. Furthermore, the petrochemical industry's demand for pressure sensors primarily focuses on reliability, stability, and high accuracy. The capacity to obtain the most accurate measurement under various working situations to preserve production stability and process consistency is a manifestation of pressure sensor stability, thus, creating opportunities for market growth.
Browse the full report description of “Piezoresistive Pressure Sensors Market Size, Share & Trends Analysis Report by Material (Ceramic and Silicon), by Application (Flow Rate Measurement, Barometric Pressure, Process Control, Test and Measurement, and Navigation), and by Industry Vertical (Consumer Electronics, Oil and Gas, Aerospace and Defense, Automotive and Industrial) Forecast Period (2024-2031)” at https://www.omrglobal.com/industry-reports/piezoresistive-pressure-sensors-market
Furthermore, metal materials, such as aluminum and steel, offer inherent strength and durability, ensuring the safe transportation and storage of various products. In addition, the robustness of metal packaging safeguard products from physical damage, impacts, and compression during handling and distribution, reducing the risk of spoilage or breakage is influencing the market growth. Moreover, the widespread adoption of metal packaging for its excellent barrier properties provides an effective shield against external factors, such as light, moisture, air, and contaminants which represents another major growth-inducing factor.
Market Coverage
• The market number available for – 2023-2031
• Base year- 2023
• Forecast period- 2024-2031
• Segment Covered-
o By Material
o By Application
o By Industry Vertical
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- includesBD Sensors GmBH, Honeywell International Inc., Impress Sensors and Systems Ltd ., MetalluxSA,among others.
Key questions addressed by the report.
Global Piezoresistive Pressure Sensors Market Report Segment
By Material
By Application
By Industry Vertical
Global Piezoresistive Pressure Sensors Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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