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 Insights

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).

Rapidly increasing adoption of Internet of Things (IoT) technologies and growing investments in industrial automation are projected to bolster the sales of pressure sensors in the future. Rapid industrialization around the world is also offering an opportune setting for pressure sensor sales going forward. The surge in automotive production and the growing use of pressure sensors in vehicles are also slated to create new opportunities for pressure sensor suppliers over the coming years. Advancements in sensor technologies and growing investments in the R&D of advanced sensors with enhanced capabilities are also favoring the demand for pressure sensor through 2031. Imposition of stringent safety regulations necessitating the use of pressure sensors are also favoring the global pressure sensor market outlook. However, complexity in integration, supply chain disruptions, high costs of advanced sensors, and market saturation are predicted to impede pressure sensor demand across the study period. 

US Pressure Sensor Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

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.  

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Pressure Sensor Market

Report ID: SQMIG45N2019

$5,300
BUY NOW GET FREE SAMPLE