Pressure Sensor Market Size, Share, Growth Analysis, By Connectivity(Wired Sensors, Wireless Sensors), By Sensing Method(Piezoresistive, Capacitive, Resonant Solid-State, Electromagnetic), By Sensor Type(Absolute Pressure Sensors, Gauge Pressure Sensors, Differential Pressure Sensors, Sealed Pressure Sensors), By Pressure Range(Up To 100 PSI, 101–1,000 PSI, Above 1), By End Use(Automotive, Medical, Manufacturing, Utilities), By Region - Industry Forecast 2024-2031

In 2022, North America & Asia-Pacific regions held significant share in the global Pressure Sensor market. In 2022, the Asia Pacific region held a commanding position in the pressure sensor market, contributing more than 38.0% of global sales. The mass manufacture of electronic components and increased R&D expenditures are both responsible for the segment's expansion. The demand for pressure sensors in this area is being driven by the rising demand for consumer electronics like tablets, wearable technology, and smartphones. A sizable portion of the regional pressure sensor market is contributed by China and India. China has a developed economy with several commercial options. The Danfoss Group, a leader in engineering and software technologies, has made significant investments in the pressure sensor industry and is predicted to hasten the expansion of the pressure sensors market in China.

Throughout the projection period, North America is anticipated to become the regional market with the fastest rate of growth. Due to the strong demand for pressure sensors in TPMS and EGR system applications in the automotive sector, the North American regional market is anticipated to expand. One of the key factors fueling the market's expansion is the presence of important players in the area. The market growth in this region is also quickening as a result of the rising demand for pressure sensors in sectors like oil & gas, petrochemical, and medical.