IoT Smart Pressure Sensors Market to Hit $4.71 Billion by 2030 as CAGR Reaches 10.2%
Updated
Updated · openPR · Jun 19
IoT Smart Pressure Sensors Market to Hit $4.71 Billion by 2030 as CAGR Reaches 10.2%
3 articles · Updated · openPR · Jun 19
Summary
$4.71 billion is the projected size of the IoT smart pressure sensors market by 2030, according to a new industry report forecasting a 10.2% compound annual growth rate.
Smart city spending, wider use of AI analytics, and rising deployment of electric and autonomous vehicles are driving demand for low-power, high-precision sensors, with healthcare monitoring adding another growth channel.
Real-time analytics, multi-parameter sensing, miniaturization, energy-efficient designs and predictive maintenance are identified as the main technology trends shaping the market through the forecast period.
$152.2 million was the price Spectris paid in December 2024 for Piezocryst Advanced Sensorics, while TE Connectivity launched two wireless models in April 2024, underscoring ongoing consolidation and product development in industrial IoT sensing.