Press release
Pressure Sensor Market Poised for 9.8 % Growth, Set to Hit $23.46 Billion by 2029
Pressure Sensor Market Size
The pressure sensor market is predicted to grow due to the increasing use of pressure sensors in industrial applications. These sensors are instrumental in measuring factors such as speed, the flow of fluid or gas, water levels, and altitude in automated systems and industries. As per data from Schott, a German company that specializes in glass and glass components, nearly 2 billion pressure sensors are manufactured annually, with projections suggesting a 7% annual increase. Hence, the growth of the pressure sensor market is attributed to the escalating demand for pressure sensors in industrial operations.
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What Is the projected market size and growth rate for the pressure sensor market?
Over the last few years, the pressure sensor market has seen substantial growth. The market value, which was $14.81 billion in 2024, is expected to increase to $16.16 billion in 2025, with a compound annual growth rate (CAGR) of 9.1%. This past period's growth could be credited to the incorporation of pressure sensors in IoT systems, the automotive industry's heightened usage of these sensors, and rising expenditures in the military sector.
The market for pressure sensors is anticipated to witness substantial expansion in the coming years, with projections estimating its value to reach $23.46 billion by 2029, growing at a compound annual growth rate (CAGR) of 9.8%. The predicted market growth during the forecast period can be associated with several reasons including increased usage of pressure sensors in consumer electronics, the escalating trend of industrial automation and IoT in emerging countries, and the growing incorporation of pressure sensors in industrial operations. Pertinent trends anticipated during the forecast timeframe encompass advancements in pressure sensor technology, the introduction of miniature front-flush pressure sensors, strategic collaborations, barometric pressure sensors, technological innovations, and product enhancements.
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What trends are poised to drive the future success of the pressure sensor market?
The pressure sensor market is witnessing an upward trend due to technological improvements. For example, Tekscan, an American firm that produces pressure mapping systems, introduced a pressure mapping sensor specially created to tackle the difficulties of determining interface pressure in battery research and development (R&D) and production in February 2024. The purpose of this novel system is to deliver applicable insights that aid in identifying possible design problems in batteries, culminating in superior, more dependable, and safer energy storage alternatives.
What major market segments define the scope and growth of the 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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Which region dominates 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.
Which key market leaders are driving the pressure sensor industry growth?
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
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What Is Covered In The Pressure Sensor Global Market Report?
• Market Size Forecast: Examine the pressure sensor market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the pressure sensor market for a structured understanding.
• Key Players Overview: Analyze major players in the pressure sensor market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the pressure sensor market.
• Segment Contributions: Evaluate how different segments drive overall growth in the pressure sensor market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the pressure sensor market.
• Industry Challenges: Identify potential risks and obstacles affecting the pressure sensor market.
• Competitive Landscape: Review strategic developments in the pressure sensor market, including expansions, agreements, and new product launches.
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