Pressure Sensor Market Forecasts to 2030 – Global Analysis By Product (Absolute Pressure Sensors, Differential Pressure Sensors and Vacuum Pressure Sensors), Technology (Resonant Solid-state, Piezoresistive and Other Sensing Methods), Connectivity, Pressu

Pressure Sensor Market Forecasts to 2030 – Global Analysis By Product (Absolute Pressure Sensors, Differential Pressure Sensors and Vacuum Pressure Sensors), Technology (Resonant Solid-state, Piezoresistive and Other Sensing Methods), Connectivity, Pressure Range, End User and By Geography

According to Stratistics MRC, the Global Pressure Sensor Market is accounted for $21.44 billion in 2024 and is expected to reach $31.11 billion by 2030 growing at a CAGR of 6.4% during the forecast period. A pressure sensor measures the force exerted by a fluid (liquid or gas) on a surface. It converts this force into an electrical signal that can be easily interpreted by other devices or systems. These sensors can detect absolute pressure (relative to a vacuum), gauge pressure (relative to atmospheric pressure), or differential pressure (between two points).

According to the National Highway Traffic Safety Administration (NHTSA), airbags have saved over 50,000 lives in the United States.

Market Dynamics:

Driver:

Automotive industry

The automotive industry is a key driver of the pressure sensor market due to its extensive use of pressure sensors in various applications. Pressure sensors play a crucial role in ensuring vehicle safety, efficiency, and performance by monitoring tire pressure, engine combustion, brake systems, and airbag deployment. As automotive manufacturers strive for advancements in fuel efficiency and emissions reduction, the demand for more accurate and reliable pressure sensors continues to grow. Additionally, the rise of electric vehicles (EVs) and autonomous vehicles (AVs) further fuels the demand for pressure sensors, as these vehicles rely heavily on precise pressure monitoring for optimal operation.

Restraint:

Reliability and durability

The reliability and durability restraints in the pressure sensor market often stem from the demanding operational environments they're deployed in. Pressure sensors face challenges in maintaining consistent accuracy over time, particularly in harsh conditions like extreme temperatures, high pressure, or corrosive atmospheres. Ensuring long-term stability and reliability requires robust design and materials, increasing manufacturing costs. Additionally, factors like mechanical stress, vibration, and electrical interference can impact sensor performance, necessitating rigorous testing and quality control measures.

Opportunity:

IoT (Internet of Things) applications

The pressure sensor market within IoT presents vast opportunities across various sectors. In industrial settings, IoT-enabled pressure sensors enhance efficiency by monitoring and optimizing equipment performance, ensuring timely maintenance, and preventing breakdowns. In healthcare, these sensors enable remote patient monitoring, ensuring accurate data collection for critical conditions like blood pressure management. Agriculture benefits from IoT pressure sensors by providing real-time soil moisture and crop pressure data and optimizing irrigation and resource usage. Smart home applications leverage pressure sensors for security systems, detecting unauthorized entries or changes in air pressure.

Threat:

Substitute technologies

The pressure sensor market faces a substitute technology threat from alternative sensing methods like optical, acoustic, or capacitive sensors. These substitutes offer different measurement principles and may provide advantages such as higher accuracy, faster response times, or better suitability for specific applications. For instance, optical sensors can offer non-contact measurement, while acoustic sensors may excel in harsh environments. As these substitute technologies continue to advance, they pose a challenge to traditional pressure sensors.

Covid-19 Impact:

The COVID-19 pandemic significantly impacted the pressure sensor market in several ways. Initially, disruptions in the global supply chain led to shortages of raw materials and components, causing production delays and price fluctuations. Additionally, lockdown measures and economic uncertainty led to decreased demand from industries such as automotive, manufacturing, and aerospace, which are key users of pressure sensors. However, the healthcare sector witnessed a surge in demand for medical devices, including ventilators and monitoring equipment, driving a temporary uptick in pressure sensor sales.

The gauge pressure sensors segment is expected to be the largest during the forecast period

The gauge pressure sensor segment is experiencing significant growth within the pressure sensor market due to several factors. Firstly, industries such as automotive, aerospace, and manufacturing are increasingly integrating pressure sensors into their systems for precise monitoring and control of processes. Additionally, advancements in technology have led to the development of more accurate and reliable gauge pressure sensors, driving up their demand. Moreover, the growing emphasis on efficiency and safety in various applications is fueling the adoption of pressure sensors, further boosting the growth of this segment.

The aviation segment is expected to have the highest CAGR during the forecast period

The aviation segment within the pressure sensor market is experiencing robust growth due to several factors. Advancements in aircraft technology require more precise and reliable pressure sensors to ensure safety and performance. Additionally, the increasing demand for air travel, driven by economic growth and globalization, fuels the need for more aircraft equipped with advanced sensor systems. Furthermore, stringent regulations regarding aircraft safety and fuel efficiency necessitate the adoption of state-of-the-art pressure sensing technologies.

Region with largest share:

The growth of the pressure sensor market in North America can be attributed to several factors. Increasing demand across various industries such as automotive, healthcare, and manufacturing is driving market expansion. Additionally, technological advancements in pressure sensing technologies, such as MEMS-based sensors, are fostering market growth. Moreover, stringent regulatory requirements in industries like automotive for safety and emission controls are boosting the adoption of pressure sensors.

Region with highest CAGR:

The Asia-Pacific region has experienced significant growth in the pressure sensor market due to several key factors. Rapid industrialization across countries like China, India, and South Korea has led to increased demand for pressure sensors in manufacturing and automation processes. Additionally, the expansion of the automotive and consumer electronics industries in the region has fuelled the need for pressure sensors in applications like tire pressure monitoring and touch-sensitive interfaces. The emergence of smart cities and infrastructure projects has further driven demand for pressure sensors in various monitoring and control systems.

Key players in the market

Some of the key players in Pressure Sensor market include ABB Ltd., AlphaSense, Analog Devices, Inc., Aptiv, Bosch GmbH, City Technology Ltd., Continental, Denso Corporation, Dynament Ltd., Emerson Electric Co., Figaro Engineering Inc., Honeywell International Inc., Infineon Technologies, NXP Semiconductors, Sensata Technologies, Siemens AG and Te Connectivity.

Key Developments:

In June 2024, Emerson announced that it has entered into a definitive agreement to sell its remaining interests in the Copeland joint venture (formerly Emerson Climate Technologies) for a transaction value of approximately $3.5 billion, with pre-tax cash proceeds of $3.4 billion, net of the release of $0.1 billion of future indemnity obligations.

In June 2024, Siemens Smart Infrastructure and BASF have announced the first electrical safety product to include components made from biomass-balanced plastics. Used across industrial and infrastructure applications, Siemens SIRIUS 3RV2 circuit breaker is now being manufactured using Ultramid® BMBcertTM and Ultradur® BMBcertTM from BASF.

Products Covered:
• Absolute Pressure Sensors
• Differential Pressure Sensors
• Gauge Pressure Sensors
• Sealed Pressure Sensors
• Vacuum Pressure Sensors

Technologies Covered:
• Resonant Solid-state
• Piezoresistive
• Optical
• Electromagnetic
• Capacitive
• Other Sensing Methods

Connectivities Covered:
• Wireless Sensors
• Wired Sensors

Pressure Ranges Covered:
• Up to 100 psi
• 101 to 1,000 psi
• Above 1,000 psi

End Users Covered:
• Utilities
• Oil & Gas
• Medical
• Marine
• Manufacturing
• Consumer Devices
• Aviation
• Automotive
• Other End Uses

Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2022, 2023, 2024, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements