Global Pressure Sensor Market Expected to Grow at 6.35% CAGR, Approaching USD 31.76 Billion by 2030

[Aarti Ghodke]

The Pressure Sensor Market size was valued at USD 20.64 Billion in 2023 and the total Global Pressure Sensor revenue is expected to grow at a CAGR of 6.35% from 2024 to 2030, reaching nearly USD 31.76 Billion by 2030

Pressure Sensor Market Overview

The Pressure Sensor market is growing rapidly due to increasing demand across automotive, healthcare, and industrial sectors. These sensors play a critical role in monitoring and controlling pressure in various applications, including tire pressure monitoring systems (TPMS), medical devices, and industrial automation. Advances in MEMS technology and IoT integration are further driving innovation in this field.

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Market Forecast and Key Dynamics:

The market is expected to witness steady growth, driven by rising adoption in automotive safety systems, expanding industrial automation, and increasing healthcare applications. Technological advancements, miniaturization, and the growing trend of smart devices are key factors propelling market expansion.

Pressure Sensor Market Regional Insights

North America and Europe lead the pressure sensor market due to high demand in automotive and industrial sectors. The Asia Pacific region is expected to grow rapidly, fueled by expanding automotive production, industrialization, and increasing use of smart technology in emerging economies.

Pressure Sensor Market Segmentation

By Type

Absolute Pressure Sensors

Gauge Pressure Sensors

Differential Pressure Sensors

Sealed Pressure Sensors

Vacuum Pressure Sensors

 

By Sensing Method

Piezoresistive Capacitive

Resonant Solid-state

Electromagnetic

Optical

Other Sensing Methods

 

By End-User Industry

Automotive

Medical

Manufacturing

Utilities

Aviation

Oil & Gas

Marine

Consumer Devices

Other

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Pressure Sensor Market Key Players

Robert Bosch GmbH (Gerlingen, Germany)
Honeywell International Inc. (Charlotte, North Carolina, USA)
ABB Ltd. (Zurich, Switzerland)
Emerson Electric Co. (St. Louis, Missouri, USA)
Danfoss A/S (Nordborg, Denmark)
Siemens AG (Munich, Germany)
Schneider Electric SE (Rueil-Malmaison, France)
TE Connectivity Ltd. (Schaffhausen, Switzerland)
NXP Semiconductors N.V. (Eindhoven, Netherlands)
Infineon Technologies AG (Neubiberg, Germany)
STMicroelectronics N.V. (Geneva, Switzerland)
Sensata Technologies Holding plc (Attleboro, Massachusetts, USA)
Yokogawa Electric Corporation (Tokyo, Japan)
General Electric Company (GE) (Boston, Massachusetts, USA)
Analog Devices, Inc. (Wilmington, Massachusetts, USA)

Key questions answered in the Pressure Sensor Market are:

• What is Pressure Sensor?
• What was the Pressure Sensor market size in 2021?
• What is the growth rate of the Pressure Sensor Market?
• Which are the factors expected to drive the Pressure Sensor market growth?
• What are the different segments of the Pressure Sensor Market?
• What growth strategies are the players considering to increase their presence in Pressure Sensor?
• What are the upcoming industry applications and trends for the Pressure Sensor Market?
• What are the recent industry trends that can be implemented to generate additional revenue streams for the Pressure Sensor Market?
• What segments are covered in the Pressure Sensor Market?
• Who are the leading companies and what are their portfolios in Pressure Sensor Market?
• What segments are covered in the Pressure Sensor Market?
• Who are the key players in the Pressure Sensor market?

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Key Offerings:

• Past Market Size and Competitive Landscape (2018 to 2021)
• Past Pricing and price curve by region (2018 to 2021)
• Market Size, Share, Size & Forecast by Different Segment | 2022-2027
• Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
• Market Segmentation – A detailed analysis by segment with their sub-segments and Region
• Competitive Landscape – Profiles of selected key players by region from a strategic perspective
  • Competitive landscape – Market Leaders, Market Followers, Regional player
  • Competitive benchmarking of key players by region
• PESTLE Analysis
• PORTER’s analysis
• Value chain and supply chain analysis
• Legal Aspects of Business by Region
• Lucrative business opportunities with SWOT analysis
• Recommendations

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