Market Size of Piezoresistive Pressure Sensors Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | 5.80 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Piezoresistive Pressure Sensor Market Analysis
The piezoresistive pressure sensors market is valued at a CAGR of 5.8% during the forecast period (2021-2026). Key trends state that microelectromechanical systems (MEMS) are now poised to capture large segments of the existing sensor market and to catalyze the development of new markets.
- The piezoresistive pressure sensors have been widely accepted as low-cost solutions. These sensors are comparatively less expensive than the capacitive pressure sensors, which is a major reason for the heavy competition between the capacitive ceramic pressure sensors and piezoresistive ceramic pressure sensors. The relative performance of the capacitive sensors is offset by the price performance of piezoresistive sensors.
- The rising pattern of miniaturization of sensors will be able to open new open doors for the piezoresistive sensors market. The organizations in this division are continually growing new piezoresistive sensors, particularly for risky/hazardous regions which will additionally help the piezoresistive sensor market.
- Expanded vehicle request in developing nations and rising legislative concerns with respect to security is helping the piezoresistive market to develop. Nanotechnology applications will positively affect the market development in the next couple of years. The principle favorable position of the piezoelectric sensor is the wide application regions which are a significant driver driving the market, for example, automotive, aircraft, and so forth.
- Some sensors of piezoresistive need extra power during operation and the noise limit is high compared to capacitive pressure sensors, which can be said to be a restraint for the piezoresistive market.
