Press release
Driving Pressure Sensor Market Growth in 2025: The Role of Driving Forces Behind The Surge In Pressure Sensor Market Growth In Industrial Applications
Pressure Sensor Market
What Will the Pressure Sensor Industry Market Size Be by 2025?
In recent times, the pressure sensor market has experienced substantial growth. The market size is projected to increase from $14.81 billion in 2024 to $16.16 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 9.1%. The historical growth can be linked to the application of pressure sensors in IoT systems, a higher demand for pressure sensors within the automotive sector, and a rise in military expenditure.
What's the Long-Term Growth Forecast for the Pressure Sensor Market Size Through 2029?
Expectations for the pressure sensor market size indicate a robust growth phase in the coming years, surging to a market value of $23.46 billion by 2029. This represents a compound annual growth rate (CAGR) of 9.8%. Factors contributing to this projected growth within the target period includes an increased demand for pressure sensors in the consumer electronics sector, a mounting trend of industrial automation and IoT in emerging countries, and an enhanced usage of pressure sensors in industrial operations. Key trends within the forecast period encompass progress in pressure sensor technology, the advent of compact front-flush pressure sensors, strategic alliances, barometric pressure sensors, tech-driven advancements, and product innovation.
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What Are the Key Growth Drivers Fueling the Pressure Sensor Market Expansion?
The increased use of pressure sensors in industrial settings is predicted to spur the expansion of the pressure sensor market. Pressure sensors, in automation and industrial applications, are utilised in systems to assess variables like speed, fluid/gas movement, water level, and height. For example, Schott, a company based in Germany that makes glass and glass-related components, estimates that around 2 billion pressure sensors are manufactured annually. These production numbers are projected to rise by 7% each year. Hence, the growing use of pressure sensors in industrial applications is fueling the development of the pressure sensor market.
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What Are the Key Trends Driving Pressure Sensor Market Growth?
Emerging technological developments are becoming a predominant trend in the pressure sensor market. Take for example, in February 2024, Tekscan, a company based in the US that produces pressure mapping systems, introduced a pressure mapping sensor specifically engineered to overcome the difficulties associated with assessing interface pressure in battery R&D and manufacturing activities. The focus of this groundbreaking system is to offer practical insights that assist in pinpointing possible design flaws in batteries, with the ultimate goal being to enhance battery quality, reliability, and safety in energy storage solutions.
How Is the Pressure Sensor Market Segmented?
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 Companies Are Leading the Charge in Pressure Sensor Market Innovation?
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
Which Regions Are Leading the Global Pressure Sensor Market in Revenue?
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.
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