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Pressure Sensor Market Size:

Pressure Sensor Market Revenue Analysis

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The Pressure Sensor Market Size was valued at USD 19.7 billion in 2023 and is expected to reach USD 28.52 billion by 2032 and grow at a CAGR of 4.2% over the forecast period 2024-2032.

The pressure sensor is a device that senses pressure and converts it into an electrical signal where the value depends on the pressure applied. Receives, evaluates, and transmits information, which helps analyze device performance. It uses IC fabrication technology made from silicon wafers. It monitors and regulates pressure, usually gases, and liquids.

Pressure Sensor Market Dynamics:

KEY DRIVERS:

  • Strict Automobile regulations.

  • Pressure sensors are in high demand in the automotive industry.

RESTRAINTS:

  • Huge costs associated with pressure sensors.

OPPORTUNITIES:

  • Expansion of the consumer electronics industry.

  • End-user industries are increasingly adopting the Internet of Things (IoT).

CHALLENGES:

  • Demand from the oil and gas industry has decreased due to the COVID-19 pandemic.

  • Significant regulatory barriers.

IMPACT OF COVID-19:

Due to the outbreak of covid 19 in global industries, there are many factors that affect the need for pressure sensors. The marketing process is facing challenges at the moment. The closure of the facilities limits the production process of the market. In particular, the Asian Pacific region when faced with a lot of difficulties performing market functions during this epidemic. In the past, market demand was slowing due to demand from the automotive and smartphone industry. However, with the outbreak of the disease, the prevalence in these areas is low. In the coming years, the market is gaining momentum in many regions. The need for pressure sensors will gradually increase in the coming years. Also, manufacturing activities are experiencing a sudden increase due to the small spread of disease. In the forecast period, demand from key end users will keep the growth of the pressure sensor market.

Pressure Sensor Market Segment Overview:

Based on Product, the pressure sensor market is segmented into Absolute, Differential, Vacuum, Gauge, and Sealed Pressure Sensors.

The market for the differential pressure sensor segment is expected to grow at a very high CAGR from 2024 to 2031. Growth may be due to their widespread use in the industrial area. In industrial processes, differential pressure sensors are included as key components of multiple devices to measure the flow of liquids and gases due to pressure differences across all of these. They are also used to measure pressure in air, acids, foundations, pressurized gases, water, steam, pressure drop across all oil filters or air filters, liquid levels, and flow rates. In addition, differential pressure sensors may be retrofitted and mounted on the vessels.

Based on Technology, the pressure sensor market is segmented into Capacitive, Piezoresistive, Electromagnetic, Optical, Resonant Solid-state, and  Others.

The optical technology segment is expected to grow at a very high CAGR during the forecast period. Growth may be due to the increased use of pressure sensors based on visual acuity in harsh environments. These sensors are small in size, flexible, and are made using non-toxic materials. They are able to withstand magnetic disturbances and work well on systems where other pressure sensors fail due to these disturbances. These pressure sensors work best when there are chemicals or explosive substances. Because of this, they are very suitable for medical and oil and gas use.

Based on Industrial Vertical, the pressure sensor market is segmented into Automotive, Industrial, Aviation, Marine, Consumer Electronics, Medical, Utilities, Oil & Gas, and Others.

Consumer electronics is expected to grow at the fastest rate. The rising demand for pressure sensors in smartphones, wearables, and tablets can be attributed to their various advantages such as small size, low cost, and high power efficiency. Because of advancements in MEMS technology, these sensors can be even smaller and integrated into a variety of consumer electronic devices. Pressure sensors, in addition to the devices mentioned above, are in high demand from gaming and navigation applications, as well as home appliances.

Pressure Sensor Market Regional Analysis:

The Asia Pacific regional market dominated the pressure sensor market and accounted for more than 40% of the global revenue share. Partial growth can be attributed to the mass production of electronic components and the growth of investment in R&D. The growing demand for consumer electronics such as tablets, apparel, and smartphones drive the demand for pressure sensors in this region. India and China are major contributors to the regional pressure sensor market. China is a mature market and has strong business opportunities. During the forecast period, North America is expected to be the fastest-growing regional market. The North American regional market is expected to witness growth, due to the huge demand for pressure sensors in TPMS and EGR applications in the automotive sector. The presence of key players in the region is also one of the major factors driving market growth. At the same time, the growing demand for pressure sensors in industries such as oil and gas, petrochemical, and medical is also accelerating market growth in the region.

Pressure Sensor Market, Regional Share, 2023

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KEY PLAYERS:

The key players in the Pressure sensor market are Honeywell International, Qualcomm Technologies, Texas Instruments, NXP Semiconductor, ABB Ltd, Siemens Ag, Sensata Technologies, TE Connectivity, Micro Sensor, Quartzdyne, Inc, Emerson Electric, Amphenol, BD Sensors GmbH & Other Players.

Pressure Sensor Market Report Scope:

Report Attributes Details
Market Size in 2023 US$ 19.7 Billion
Market Size by 2032 US$ 28.52 Billion
CAGR CAGR of 4.2% From 2024 to 2032
Base Year 2023
Forecast Period 2024-2032
Historical Data 2020-2022
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • By Sensor Type (Wired Sensors, Wireless Sensors)
• By Product (Absolute Pressure Sensors, Differential Pressure Sensors, Vacuum Pressure Sensors, Gauge Pressure Sensors, Sealed Pressure Sensors)
• By Technology (Capacitive, Piezoresistive, Electromagnetic, Optical, Resonant Solid-State, Others)
• By Functions (Altitude Sensing, Depth Sensing, Pressure Sensing, Flow Sensing, Temperature Sensing)
• By Industry Vertical (Automotive, Industrial, Aviation, Marine, Consumer Electronics, Medical, Utilities, Oil & Gas, Others)
• By End Use (Automotive On-Vehicle, HVAC Systems, Testing & Measurement Equipment, Medical Devices, Process Control Solutions, Others)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Honeywell International, Qualcomm Technologies, Texas Instruments, NXP Semiconductor, ABB Ltd, Siemens Ag, Sensata Technologies, TE Connectivity, Micro Sensor, Quartzdyne, Inc, Emerson Electric, Amphenol, BD Sensors GmbH and other key players.
Key Drivers • Strict Automobile regulations.
• Pressure sensors are in high demand in the automotive industry.
Restraints • Huge cost associated with pressure sensors.

Frequently Asked Questions

The market value will be expected to reach USD 27.37 billion by 2031.

Strict Automobile regulations, and Pressure sensors are in high demand in the automotive industry.

The key players in the Pressure sensor market are Honeywell International, Qualcomm Technologies, Texas Instruments, NXP Semiconductor, ABB Ltd, Siemens Ag, Sensata Technologies, TE Connectivity, Micro Sensor, Quartzdyne, Inc, Emerson Electric, Amphenol, BD Sensors GmbH and other key players.

Yes, and they are Raw material vendors, Distributors/traders/wholesalers/suppliers, Regulatory authorities, including government agencies and NGO, Commercial research & development (R&D) institutions, Importers and exporters, Government organizations, research organizations, and consulting firms, Trade/Industrial associations, End-use industries.

Manufacturers, Consultants, Association, Research Institutes, private and university libraries, suppliers, and distributors of the product.

Table of Contents

1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions

2. Research Methodology

3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges

4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of Ukraine- Russia war

4.3 Impact of ongoing Recession

4.3.1 Introduction

4.3.2 Impact on major economies

4.3.2.1 US

4.3.2.2 Canada

4.3.2.3 Germany

4.3.2.4 France

4.3.2.5 United Kingdom

4.3.2.6 China

4.3.2.7 Japan

4.3.2.8 South Korea

4.3.2.9 Rest of the World

5. Value Chain Analysis

6. Porter’s 5 forces model

7.  PEST Analysis

  

8. Pressure Sensor Segmentation, by sensor type

8.1 Introduction

8.2 Wired Sensors

8.3 Wireless Sensors

9. Pressure Sensor Segmentation, by product

9.1 Introduction

9.2 Absolute Pressure Sensors

9.3 Differential Pressure Sensors

9.4 Vacuum Pressure Sensors

9.5 Gauge Pressure Sensors

9.6 Sealed Pressure Sensors

10. Pressure Sensor Segmentation, by technology

10.1 Introduction

10.2 Capacitive

10.3 Piezoresistive

10.4 Electromagnetic

10.5 Optical

10.6 Resonant Solid-state

10.7 Others

11. Pressure Sensor Segmentation, by functions

11.1 Introduction

11.2 Altitude Sensing

11.3 Depth Sensing

11.4 Pressure Sensing

11.5 Flow Sensing

11.6 Temperature Sensing

12. Pressure Sensor Segmentation, by industry vertical

12.1 Introduction

12.2 Automotive

12.3 Industrial

12.4 Aviation

12.5 Marine

12.6 Consumer Electronics

12.7 Medical

12.8 Utilities

12.9 Oil & Gas

12.10 Others

13. Pressure Sensor Segmentation, by end use

13.1 Introduction

13.2 Automotive On-vehicle

13.3 HVAC Systems

13.4 Testing & Measurement Equipment

13.5 Medical Devices

13.6 Process Control Solutions

13.7 Others

14. Regional Analysis

14.1 Introduction

14.2 North America

14.2.1 USA

14.2.2 Canada

14.2.3 Mexico

14.3 Europe

14.3.1 Germany

14.3.2 UK

14.3.3 France

14.3.4 Italy

14.3.5 Spain

14.3.6 The Netherlands

14.3.7 Rest of Europe

14.4 Asia-Pacific

14.4.1 Japan

14.4.2 South Korea

14.4.3 China

14.4.4 India

14.4.5 Australia

14.4.6 Rest of Asia-Pacific

14.5 The Middle East & Africa

14.5.1 Israel

14.5.2 UAE

14.5.3 South Africa

14.5.4 Rest

14.6 Latin America

14.6.1 Brazil

14.6.2 Argentina

14.6.3 Rest of Latin America

15.Company Profiles

15.1 Texas Instruments

15.1.1 Financial

15.1.2 Products/ Services Offered

15.1.3 SWOT Analysis

15.1.4 The SNS view

15.2 Honeywell International

15.3 Qualcomm Technologies

15.4 NXP Semiconductor

15.5 ABB Ltd

15.6 Siemens Ag

15.7 Sensata Technologies

15.8 TE Connectivity

15.9 Micro Sensor

15.10 Quartzdyne, Inc

15.11 Emerson Electric

15.12 Amphenol

15.13 BD sensors GmbH

15.14 Others

16. Competitive Landscape

16.1 Competitive Benchmark

16.2 Market Share Analysis

16.3 Recent Developments

17. Conclusion

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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We at SNS Insider have divided Primary Research into 2 parts.

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This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

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Data Bank Validation

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BY SENSOR TYPE

BY PRODUCT

  • Absolute Pressure Sensors

  • Differential Pressure Sensors

  • Vacuum Pressure Sensors

  • Gauge Pressure Sensors

  • Sealed Pressure Sensors

BY TECHNOLOGY

  • Capacitive

  • Piezoresistive

  • Electromagnetic

  • Optical

  • Resonant Solid-state

  • Others

BY FUNCTIONS

  • Altitude Sensing

  • Depth Sensing

  • Pressure Sensing

  • Flow Sensing

  • Temperature Sensing

BY INDUSTRY VERTICAL

  • Automotive

  • Industrial

  • Aviation

  • Marine

  • Consumer Electronics

  • Medical

  • Utilities

  • Oil & Gas

  • Others

BY END USE

  • Automotive On-vehicle

  • HVAC Systems

  • Testing & Measurement Equipment

  • Medical Devices

  • Process Control Solutions

  • Others

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REGIONAL COVERAGE:

North America

  • US

  • Canada

  • Mexico

Europe

  • Eastern Europe

    • Poland

    • Romania

    • Hungary

    • Turkey

    • Rest of Eastern Europe

  • Western Europe

    • Germany

    • France

    • UK

    • Italy

    • Spain

    • Netherlands

    • Switzerland

    • Austria

    • Rest of Western Europe

Asia Pacific

  • China

  • India

  • Japan

  • South Korea

  • Vietnam

  • Singapore

  • Australia

  • Rest of Asia Pacific

Middle East & Africa

  • Middle East

    • UAE

    • Egypt

    • Saudi Arabia

    • Qatar

    • Rest of the Middle East

  • Africa

    • Nigeria

    • South Africa

    • Rest of Africa

Latin America

  • Brazil

  • Argentina

  • Colombia

  • Rest of Latin America

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