What Has Driven the Growth of the Pressure Sensor Market in Recent Years?
The pressure sensor market has seen considerable growth due to a variety of factors.
• Recent years have seen significant growth in the pressure sensor market size. Projected to rise from $14.81 billion in 2024 to $16.16 billion in 2025, it maintains a compound annual growth rate (CAGR) of 9.1%.
This growth throughout the historical period can be credited to the incorporation of pressure sensors in IoT systems, the rising utilization in the automotive sector, and escalating military expenditure.
How Will the Pressure Sensor Market Size Evolve over the Forecast Period?
The pressure sensor market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for pressure sensors is poised for substantial growth in the upcoming years, with an estimated value of $23.46 billion in 2029, marking a compound annual growth rate (CAGR) of 9.8%.
This surge during the projected period can be credited to an increased need for pressure sensors in consumer electronics, an escalating trend of industrial automation and the Internet of Things (IoT) in emerging economies, and the widespread use of pressure sensors in industrial operations. The forecast period is likely to witness significant trends such as advancements in pressure sensor technology, miniature front-flush pressure sensors, strategic affiliations, barometric pressure sensors as well as technological progress and product innovation.
What Are The Key Drivers Fueling Growth In The Pressure Sensor Market?
The expansion of the pressure sensor market can be attributed to the surging use of these devices in industrial applications. In automative and other industries, these sensors are crucial in measuring metrics such as speed, liquid or gas flow, water levels and altitude. In line with data from Schott, a German company that specializes in creating glass and glass components, about 2 billion of these pressure sensors are being produced on an annual basis. Furthermore, projections show a steady 7% increase in their production each year. Thus, the escalating usage of pressure sensors in the industrial sector propels the market's growth.
What Key Areas Define The Segmentation Of The Global Pressure Sensor Market?
The pressure sensor market covered in this report is segmented –
1) By Product Type: Absolute Pressure Sensor, Gauge Pressure Sensor, Differential Pressure Sensor, Others
2) By Technology: Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic, Optical, Piezoelectric, Others
3) By Output: Analog, Digital
4) By Sensor Type: Wired, Wireless
5) By Application: Automotive, Industrial, Consumer Electronics, Healthcare, Oil And Gas, Aerospace And Defense, Other Applications
Subsegments:
1) By Absolute Pressure Sensor: Capacitive Absolute Pressure Sensors, Piezoelectric Absolute Pressure Sensors, Strain Gauge Absolute Pressure Sensors
2) By Gauge Pressure Sensor: Capacitive Gauge Pressure Sensors, Piezoelectric Gauge Pressure Sensors, Strain Gauge Gauge Pressure Sensors
3) By Differential Pressure Sensor: Capacitive Differential Pressure Sensors, Piezoelectric Differential Pressure Sensors, Strain Gauge Differential Pressure Sensors
4) By Others: Sealed Pressure Sensors, Vacuum Pressure Sensors, Smart Pressure Sensors
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How Are Emerging Trends Reshaping The Dynamics Of The Pressure Sensor Market?
Innovations in technology are becoming an emerging trend in the pressure sensor market. For example, Tekscan, a company based in the US that manufactures pressure mapping systems, released a pressure mapping sensor specifically developed to deal with the difficulties of measuring interface pressure in battery R&D and manufacture in February 2024. The purpose of this unique system is to deliver practical insights to help pinpoint possible design problems in batteries, eventually resulting in superior, more dependable, and safer energy storage solutions.
Who Are the Key Players in the Pressure Sensor Market?
Major companies operating in the pressure sensor market include:
• Sensata Technologies Inc
• Siemens AG
• Rockwell Automation Inc
• Amphenol Corporation
• Honeywell International Inc
• Robert Bosch
• ABB Ltd
• Infineon Technologies AG
• Emerson Electric Co
• TE Connectivity
• Shanghai Zhaohui Pressure Apparatus CO.Ltd
• Alpha Instruments
• Lefoo Industrial Co. Ltd
• Xi'an UTOP Measurement Instrument Co. Ltd
• TM Sensor
• Sendo Sensor
• Shaanxi Sutao Electromechanical Technology
• Meokon Sensor Technology (Shanghai) Co. Ltd
• JUMO Automation Dalian Co. Ltd
• Changsha Taihe Electronic Equipment Co
• Shaanxi Sier Electronics Co. Ltd
• Xi'an Huaheng Instrument Co. Ltd
• Sunsui Process System
• Crystal Vision
• SRI Electronics
• Precision Mass Products Pvt. Ltd
• Sunder Electronics
• Rocksensor
• TURCK India Automation Pvt
• Trumen
• MEIYO ELECTRIC Co Ltd
• PURERON JAPAN
• SENSEZ Corporation
• VALCOM CO. LTD
• ADZ NAGANO GmbH
• Analog Microelectronics
• Barksdale GmbH
• Baumer Group
• BECKHOFF Automation GmbH & Co.KG
• Bronkhorst High-Tech BV
• DJB Instruments
• E+E Elektronik Ges.m.b.H
• ESI Technology Ltd
• AHLBORN Mess- und Regelungstechnik GmbH
• AMSYS GmbH
• Angst+Pfister Sensors and Power
• B+B Thermo-Technik GmbH
• BCM Sensor Technologies
• burster präzisionsmesstechnik gmbh & co kg
• Delphin Technology AG
• Driesen+Kern GmbH
• ES Systems
• ZETLAB
• NPO Vakuummash
• CJSC EMIS
• KELLER Polska
• Krohne Messtechnik GmbH
• WIKA Bulgaria EOOD
• COMECO SA
• General Electric Company
• Anfield Sensors Inc
• XSENSOR Technology Corporation
• Baumer Brazil
• Parker Hannifin Argentina SAIC
• Druck
• Dubai Sensor
• Caltrols Middle East FZCO
• Control Tech Middle East
• SICK FZE
• Riken Keiki Middle East
• SMC Corporation Middle East FZE
• PHOENIX CONTACT Middle East FZ LLC
• WIKA Middle East FZE
• All Sensors Corporation
• Bosch Rexroth SA Group
• Thermon South Africa (Pty) Ltd
• PROCONTROL INSTRUMENTATION
• ASSTech Process Electronics + Instrumentation Cc
• Blanes Pressure Solutions
• Test And Measurement Instruments C.C.
• Parker
• SA Gauge
• Robertec
What Is The Most Dominant Region In The Pressure Sensor Market?
North America was the largest region in the pressure sensor market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the pressure sensor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
