Who are the major players dominating in the pressure sensor market?

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

Pressure Sensor Market Analysis

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

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 â€“ 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 Analysis