Pressure Sensor Market Size & Share, by Type (Absolute, Gauge, Differential), End-user (Automotive, Aerospace & Defense, Healthcare, Oil & Gas) - Global Supply & Demand Analysis, Growth Forecasts, Statistics Report 2023-2035

  • Report ID: 4990
  • Published Date: Jun 02, 2023
  • Report Format: PDF, PPT

Global Market Size, Forecast, and Trend Highlights over 2023-2035

Pressure Sensor Market size is projected to reach USD 30 billion by the end of 2035, observing nearly 10% CAGR from 2023 to 2035. In the year 2022, the industry size of pressure sensor was USD 11 Billion. The market growth is mainly owing to the increasing adoption of consumer electronics. Smartphones, wearables, and other consumer electronic devices increasingly incorporate pressure sensors for applications such as altitude measurement, air pressure monitoring, and touch interfaces. As of 2021, it was estimated that around 3.8 billion people, or approximately half of the global population, owned a smartphone.

In addition to this, pressure sensors find applications in a wide range of sectors owing to the presence of their different types such as absolute pressure sensors, gauge pressure sensors, and differential pressure sensors. Absolute pressure sensors have been highly opted in research & scientific laboratories under which precise measurements are needed in order to determine altitude.


Pressure Sensor Market
Get more information on this report: Request Free Sample PDF

Global Pressure Sensor Sector: Growth Drivers and Challenges

Growth Drivers

  • Emerging Technologies: The rise of technologies such as the Internet of Things (IoT) and the adoption of pressure sensors in smart homes, smart cities, and other connected applications have acted as growth drivers for the pressure sensor market. The number of connected IoT devices has been increasing rapidly. By 2021, it was estimated that there were over 31 billion IoT devices deployed worldwide.
  • Growing Healthcare Applications: Pressure sensors play a vital role in healthcare, particularly in monitoring and controlling blood pressure, respiratory systems, and intravenous infusion systems.
  • Rising Industrial Automation: The increasing trend of industrial automation and the need for precise pressure monitoring and control in manufacturing processes have been key drivers of the pressure sensor market.

 

Challenges

  • Accuracy and Calibration: Pressure sensors need to provide accurate and reliable measurements for their intended applications. Ensuring precise calibration and accuracy can be challenging, especially in harsh or dynamic environments where factors such as temperature, humidity, and vibration can affect sensor performance.
  • High Cost: The cost of pressure sensors can be a barrier to adoption, especially for price-sensitive industries or applications that require large-scale sensor deployment.
  • Miniaturization and Integration

Pressure Sensor Market: Key Insights

Base Year

2022

Forecast Year

2023-2035

CAGR

~10%

Base Year Market Size (2022)

~ USD 11 Billion

Forecast Year Market Size (2035)

~ USD 30 Billion

Regional Scope

  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of Middle East and Africa)

 

Get more information on this report: Request Free Sample PDF

Pressure Sensor Segmentation

End User (Automotive, Aerospace & Defense, Healthcare, Oil & Gas)

Out of the four types of end users, the automotive segment is estimated to gain the largest market share in the year 2035. Pressure sensors are employed in emission control systems to monitor parameters such as exhaust gas recirculation (EGR) pressure and evaporative emission control system (EVAP) pressure. The increasing focus on reducing vehicle emissions to meet environmental regulations has led to the integration of pressure sensors in emission control systems. Pressure sensors play a crucial role in engine management systems, monitoring parameters like intake manifold pressure, fuel pressure, and oil pressure.

Type (Gauge Pressure Sensors, Absolute Pressure Sensors, Differential Pressure Sensors)

Amongst these three segments, the absolute pressure sensors segment is expected to garner a significant share in the year 2035. The growth of the segment can be accredited to the automotive safety regulations.  Regulatory bodies across the world have implemented stringent safety regulations for vehicles. Absolute pressure sensors are essential components in safety systems such as airbag deployment and rollover protection. According to the National Highway Traffic Safety Administration (NHTSA), airbags have saved over 50,000 lives in the United States alone, highlighting the critical role of absolute pressure sensors in automotive safety.

Our in-depth analysis of the Pressure Sensor Market includes the following segments:

 

        End User

  • Automotive
  • Aerospace and Defense
  • Healthcare
  • Oil and Gas

        Type

  • Absolute Pressure Sensors
  • Gauge Pressure Sensors
  • Differential Pressure Sensors

Want to customize this research report as per your requirements? Our research team will cover the information you require to help you take effective business decisions.

Customize this Report

Pressure Sensor Industry - Regional Synopsis

APAC Market Forecast

The pressure sensor market in the Asia Pacific region is anticipated to hold the largest share by the end of 2035. The regional growth is owing to government initiatives and investments in the region. Governments in the Asia Pacific region have been actively promoting the adoption of advanced technologies, including IoT, automation, and smart manufacturing. Pressure sensor investments have been boosted by initiatives such as "Make in India" in India and "Made in China 2025" in China. These government-led initiatives have been driving the growth of the pressure sensor market in the region.

North American Market Statistics

The pressure sensor market in the North American region, is estimated to have the second largest share during the forecast period. The growth of the market in this region can be ascribed to the growing adoption of electric vehicles in the countries such as the U.S.A, and Canada. As per the reported data, more than 700,000 new electric vehicles were registered in the year 2022 in the United States.

Research Nester
Pressure Sensor Market Size- (1)
Get more information on this report: Request Free Sample PDF

Companies Dominating the Pressure Sensor Landscape

top-features-companies

    Key Players

    • Bosch Sensortec
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis
    • Honeywell International Inc.
    • Infineon Technologies AG
    • NXP Semiconductors N.V.
    • Sensata Technologies, Inc.
    • STMicroelectronics N.V.
    • Texas Instruments Incorporated
    • Omron Corporation
    • TE Connectivity Ltd.
    • Robert Bosch GmbH

     


In-the-news

In The News

  • Honeywell and Hanwha Systems signed a memorandum of understanding (MOU) in South Korea to collaborate on unmanned aerial systems and urban air mobility (UAS/UAM) technology development.
  • Infineon announced the acquisition of Cypress Semiconductor Corporation, a leading provider of embedded solutions, including pressure sensors. The acquisition strengthens Infineon's position in the automotive, industrial, and consumer markets, allowing it to offer a comprehensive portfolio of sensors, microcontrollers, and connectivity solutions to its customers.

Author Credits:  Abhishek Verma, Hetal Singh


  • Report ID: 4990
  • Published Date: Jun 02, 2023
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing adoption of consumer electronics is the major factor driving the market growth.

The market size of pressure sensor is anticipated to attain a CAGR of ~10% over the forecast period, i.e., 2023 – 2035.

The major players in the market are Bosch Sensorte, Honeywell International Inc., NXP Semiconductors N.V, Sensata Technologies, Inc., and others.

The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.

The market is segmented by type, end user, and by region.

The automotive segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.

The high cost of the sensors is estimated to be the growth hindering factor for the market expansion.

The market in the Asia Pacific region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Pressure Sensor Market Report Scope
  GET A FREE SAMPLE

FREE Sample Copy includes market overview, growth trends, statistical charts & tables, forecast estimates, and much more.

 Request Free Sample Copy

Have questions before ordering this report?

Inquiry Before Buying