Global Pressure Sensor Market Market Size
The pressure sensor market was valued at US$13.65 billion in 2020 and is projected to grow at a compound annual growth rate of 8.3% to reach US$30.24 billion by 2030.
A pressure sensor creates an analog output proportionate to the pressure or a switching output that operates at a particular pressure level by using a pressure-detecting device to convert gas or liquid pressure changes into an electrical signal. The sensing components used in Panasonic Industrial Devices' SUNX pressure sensors are semiconductor transducers with a long lifespan and excellent dependability. There are two types of pressure sensors: mechanical and electronic. In the past, mechanical pressure sensors were commonly used due to their low cost. In contrast, electronic pressure sensors are becoming increasingly common because of their limited lifespan and poor reliability.