Global Pressure Sensor Market

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 2025-2032


Report ID: SQMIG45N2019 | Region: Global | Published Date: October, 2024
Pages: 260 | Tables: 94 | Figures: 76

Pressure Sensor Market News

  • In January 2024, Melexis, a leading provider of semiconductor solutions based in Belgium announced the launch of a new MEMS pressure sensor. The new sensor operates on the company’s patented Triphibian architecture and is capable of handling gas and liquid media measurement from 2 to 70 bar in a 16pin SO16 package.  
  • In February 2021, Bosch, a leading engineering and technology company announced the launch of its new barometric pressure sensor. The BMP384 sensor is designed for wearables, home appliances and industrial applications in harsh environments and provides waterproof capabilities to help companies create waterproof products easily.  
  • In September 2023, Infineon, a leading semiconductor provider announced the launch of a new tyre pressure monitoring sensor. Xensiv SP49 tyre pressure monitoring sensor features a 32-bit Arm M0+ core for large flash memory required in intelligent tyre pressure monitoring applications. 
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Pressure Sensor Market size was valued at USD 10.98 Billion in 2023 and is poised to grow from USD 11.7 Billion in 2024 to USD 19.52 Billion by 2032, growing at a CAGR of 6.60% during the forecast period (2025-2032).

Pressure sensor companies should invest in the development of advanced sensors with wireless and smart capabilities to boost revenue generation potential. Targeting industrial automation and automotive industry is expected to offer lucrative returns for pressure sensor suppliers in the long run. Integration of smart technologies with pressure sensors is also expected to present new opportunities for market players going forward.  'Honeywell International Inc. (US) ', 'ABB (Switzerland) ', 'Emerson Electric Co. (US) ', 'Amphenol Corporation (US) ', 'TE Connectivity (Switzerland) ', 'Sensata Technologies, Inc. (US) ', 'TT Electronics (UK) ', 'Rockwell Automation (US) ', 'Schneider Electric (France) ', 'Siemens (Germany) ', 'STMicroelectronics (Switzerland) ', 'Infineon Technologies AG (Germany) ', 'NXP Semiconductors (Netherlands) ', 'Yokogawa Electric Corporation (Japan) ', 'Endress+Hauser Group Services AG (Switzerland) ', 'Bosch Sensortec GmbH (Germany) ', 'IFM Electronic GmbH (Germany) ', 'Jumo GmbH & Co. KG (Germany) ', 'Kita Sensor Tech. Co., Ltd. (South Korea) ', 'Nidec Corporation (Japan) ', 'Phoenix Sensors (US) ', 'Micro Sensor Co., Ltd. (China) ', 'Kistler Group (Switzerland) ', 'Omega Engineering, Inc. (US)'

Pressure sensors are projected to be highly popular in the automotive industry owing to their wide application scope in tire pressure monitoring, engine control, and advanced driver assistance systems (ADAS). Growing automotive production and rising emphasis on vehicle safety are expected to promote the sales of pressure sensors in the future.  

Wireless and Smart Sensors: Pressure sensor companies should invest in the research and development of wireless and smart pressure sensors to maximize their business growth in the future. Ease of installation, low maintenance, and ability to transmit data in real-time are some key benefits of these novel sensors. Surging adoption of Industrial IoT (IIoT) is slated to make this a vital global pressure sensor market in the long run. 

The Asia Pacific region is projected to emerge as a leading market for pressure sensor companies across the study period and beyond. Rapid industrialization, growing automotive manufacturing, and rising adoption of industrial automation are expected to be key factors promoting sales of pressure sensors in this region. China is expected to emerge as the most opportune market in this region owing to the presence of an expansive manufacturing industry in the country. India, Japan, and South Korea are other noteworthy markets for pressure sensor providers looking to boost their business scope in the Asia Pacific region. The imposition of stringent safety mandates is also supplementing the sales of pressure sensors in this region.  

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Global Pressure Sensor Market

Report ID: SQMIG45N2019

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