Global Wireless Pressure Sensors Market to Reach $6.3 Billion by 2030
The global market for Wireless Pressure Sensors estimated at US$2 Billion in the year 2023, is expected to reach US$6.3 Billion by 2030, growing at a CAGR of 18.3% over the analysis period 2023-2030. Piezoresistive Pressure Sensors, one of the segments analyzed in the report, is expected to record a 19.6% CAGR and reach US$2.2 Billion by the end of the analysis period. Growth in the CMOS Pressure Sensors segment is estimated at 17.9% CAGR for the next 7-year period.
The U.S. Market is Estimated at $583.9 Million, While China is Forecast to Grow at 17.4% CAGR
The Wireless Pressure Sensors market in the U.S. is estimated at US$583.9 Million in the year 2023. 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 17.4% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 16.6% and 15.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 12.1% CAGR.
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