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

Global Pressure Sensor Market size was valued at USD 10.3 billion in 2022 and is poised to grow from USD 10.98 billion in 2023 to USD 18.31 billion by 2031, growing at a CAGR of 6.60% during the forecast period (2024-2031).

A pressure sensor is a sensor that detects pressure and transforms it into an electronic signal, the strength of which is dependent on the amount of pressure exerted. It gathers, records, and transmits data that is used to evaluate a device's performance. It uses silicon-wafer-based IC fabrication technology. It keeps an eye on and manages pressure, usually of gases and liquids. It monitors a variety of pressures, including gauge, absolute, vacuum, and differential pressure, among others. In numerous industries, including automotive, industrial, aviation, biomedical testing, air conditioning, and hydraulic measures, pressure sensors are utilized extensively.

In many process applications, including hydraulics and pneumatics, pressure sensors are used to track relative system pressure. Due to the growing number of applications in sectors including aerospace, automotive, healthcare, consumer goods, etc., these sensors have experienced tremendous expansion over time. For instance, the Korea Advanced Institute of Science and Technology (KAIST) created a very sensitive wearable pressure sensor in December 2019 for applications involving health monitoring. It has the ability to diagnose diseases early.

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