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Global Pressure Sensor Market: By Type: Absolute Pressure Sensor, Gauge Pressure Sensor, Differential Pressure Sensor; By Technology: Piezoresistive, Electromagnetic, Others; By Application; Regional Analysis; Historical Market and Forecast (2018-2028); Market Dynamics; Competitive Landscape; Industry Events and Developments
Global Pressure Sensor Market Outlook
The global pressure sensor market stood at a value of around USD 12.55 billion in 2020. The market is further expected to grow at a CAGR of 10.3% in the forecast period of 2023-2028 to attain a value of nearly USD 22.52 billion by 2026.
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Increasing Demand for Absolute Pressure Sensors to Aid the Global Pressure Sensor Industry Growth
Based on type, the absolute pressure sensor segment is expected to hold a significant share in the global pressure sensor industry during the forecast period. This growth can be attributed to the increased usage of absolute sensors in the measurement process of barometric pressure and atmospheric pressure in the aviation industry. In addition, these sensors are useful in vacuum pressure packaging of food products in the food and beverage industry. These factors are estimated to provide a thrust to the overall growth of the pressure sensor industry.
The Asia Pacific Region to Account for a Substantial Market Share in the Global Pressure Sensor Industry
The Asia Pacific region is predicted to occupy a considerable share of the global pressure sensor industry. This surge can be attributed to the increasing investments by the leading manufacturers to develop and expand the use of pressure sensors in various industry verticals, such as the automobile, medical, petrochemical industry, and others in the region. In addition, growing demand for appliances utilising pressure sensors such as washing machines, refrigerators, oxygen concentrators, and others are also expected to contribute to the overall market growth in the forecast period.
Pressure Sensor: Market Segmentation
Pressure is the applied force by a liquid or gas on an area, which is then measured by a pressure sensor. Pressure sensors have a pressure-sensitive element that helps determine the pressure levels and then convert this information into an output electric signal. These instruments are distinguished based on the type of pressure measurement, the applied sensing principle, and the output signal. They are utilised in appliances such as vacuum cleaners, automobiles, and ventilation systems, among others.
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By type, the market is divided into:
- Absolute Pressure Sensor
- Gauge Pressure Sensor
- Differential Pressure Sensor
On the basis of technology, the industry can be categorised into:
- Piezoresistive
- Electromagnetic
- Capacitive
- Resonant Solid State
- Optical
- Others
Based on application, the market can be segmented into:
- Automotive
- Oil and Gas
- Consumer Electronics
- Medical
- Industrial
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rapid Technological Advancements to Catalyse the Growth of the Global Pressure Sensor Industry
The increased implementation of IoT (Internet of things) solutions is a major factor in spearheading the pressure sensor industry growth globally. Pressure sensors are being utilised to create smart homes and other wearable devices such as smartwatches and biosensors that help consumers track their health status, such as their bpm levels and oxygen levels. Moreover, with rapid industrialisation and technological growth, pressure sensors are being developed by utilising micro-electro-mechanical systems (MEMS) and nano-electro-mechanical systems (NEMS), making them suitable in biomedical applications and wireless communication solutions, among others. In addition, pressure sensors are being exceedingly used in the automotive sector, as they help in the deployment of passenger safety applications such as tire pressure monitoring (TPMS) and advanced driver assistance systems (ADAS).
In May 2021, BD|SENSORS GmbH launched a compact electronic pressure switch for mobile hydraulics to increase mobile machines' operational safety and efficiency, such as cranes and harvesters. Such developments by the key industry players are expected to aid the market growth in the forecast period.
Key Industry Players in the Global Pressure Sensor Market
The report gives a detailed analysis of the following key players in the global pressure sensor market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Honeywell International Inc.
- Emerson Electric Co.
- Sensata Technology Inc.
- BD|SENSORS GmbH
- ChampionX Corporation
- Others
The comprehensive EMR report provides an in-depth assessment of the industry based on the Porter's five forces model and SWOT analysis.
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report | Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment- Type, Technology, Application, Region |
| Breakup by Type | Absolute Pressure Sensor, Gauge Pressure Sensor, Differential Pressure Sensor |
| Breakup by Technology | Piezoresistive, Electromagnetic, Capacitive, Resonant Solid State, Optical, Others |
| Breakup by Application | Automotive, Oil and Gas, Consumer Electronics, Medical, Industrial |
| Breakup by Region | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Market Dynamics | SWOT, Porter's Five Forces, Key Indicators for Price and Demand |
| Competitive Landscape | Market Structure, Company Profiles- Company Overview, Product Portfolio, Demographic Reach and Achievements, Certifications |
| Companies Covered | Honeywell International Inc., Emerson Electric Co., Sensata Technologies, Inc., BD|SENSORS GmbH, ChampionX Corporation, Others |
| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Pressure Sensor Market Analysis
8.1 Key Industry Highlights
8.2 Global Pressure Sensor Historical Market (2018-2022)
8.3 Global Pressure Sensor Market Forecast (2023-2028)
8.4 Global Pressure Sensor Market by Type
8.4.1 Absolute Pressure Sensor
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Gauge Pressure Sensor
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Differential Pressure Sensor
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.5 Global Pressure Sensor Market by Technology
8.5.1 Piezoresistive
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Electromagnetic
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Capacitive
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2022)
8.5.3.3 Forecast Trend (2023-2028)
8.5.4 Resonant Solid State
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2022)
8.5.4.3 Forecast Trend (2023-2028)
8.5.5 Optical
8.5.5.1 Market Share
8.5.5.2 Historical Trend (2018-2022)
8.5.5.3 Forecast Trend (2023-2028)
8.5.6 Others
8.6 Global Pressure Sensor Market by Application
8.6.1 Automotive
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Oil and Gas
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Consumer Electronics
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Medical
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Industrial
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.7 Global Pressure Sensor Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Pressure Sensor Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Pressure Sensor Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Pressure Sensor Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Pressure Sensor Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Pressure Sensor Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Honeywell International Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 Emerson Electric Co.
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Sensata Technologies, Inc.
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 BD|SENSORS GmbH
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 ChampionX Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Pressure Sensor Market: Key Industry Highlights, 2018 and 2028
2. Global Pressure Sensor Historical Market: Breakup by Type (USD Billion), 2018-2022
3. Global Pressure Sensor Market Forecast: Breakup by Type (USD Billion), 2023-2028
4. Global Pressure Sensor Historical Market: Breakup by Technology (USD Billion), 2018-2022
5. Global Pressure Sensor Market Forecast: Breakup by Technology (USD Billion), 2023-2028
6. Global Pressure Sensor Historical Market: Breakup by Application (USD Billion), 2018-2022
7. Global Pressure Sensor Market Forecast: Breakup by Application (USD Billion), 2023-2028
8. Global Pressure Sensor Historical Market: Breakup by Region (USD Billion), 2018-2022
9. Global Pressure Sensor Market Forecast: Breakup by Region (USD Billion), 2023-2028
10. North America Pressure Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
11. North America Pressure Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
12. Europe Pressure Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
13. Europe Pressure Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
14. Asia Pacific Pressure Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
15. Asia Pacific Pressure Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
16. Latin America Pressure Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
17. Latin America Pressure Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
18. Middle East and Africa Pressure Sensor Historical Market: Breakup by Country (USD Billion), 2018-2022
19. Middle East and Africa Pressure Sensor Market Forecast: Breakup by Country (USD Billion), 2023-2028
20. Global Pressure Sensor Market Structure
Key Questions Answered in the Report
In 2020, the global pressure sensor market attained a value of nearly USD 12.55 billion.
The market is projected to grow at a CAGR of 10.3% between 2023 and 2028.
The major drivers of the industry such as increased demand in automotive industry, increased adoption of pressure sensors in medical and aviation sector, growing usage of pressure sensors in smartphones and biosensors to track health status, rapid industrialisation, increasing investments by the leading manufacturers to develop and expand the use of pressure sensors, and increased usage in gaming experiences such as VR headsets are expected to aid the market growth.
The key market trends guiding the industry's growth include the rapid technological advancements and increased implementation of IoT (Internet of things) solutions.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The product types include absolute pressure sensor, gauge pressure sensor, and differential pressure sensor.
The major segments based on technology include piezoresistive, electromagnetic, capacitive, resonant solid state, and optical, among others.
The application sectors of the product include automotive, oil and gas, consumer electronics, medical, and industrial.
The major players in the industry are Honeywell International Inc., Emerson Electric Co., Sensata Technologies, Inc., BD|SENSORS GmbH, and ChampionX Corporation, among others.
Analyst Review
The global pressure sensor market attained a value of USD 12.55 billion in 2020, driven by the increased demand in the automotive and medical industry. Aided by the rapid technological advancements and increased implementation of IoT (Internet of things) solutions, the market is expected to witness a further growth in the forecast period of 2023-2028, growing at a CAGR of 10.3%.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. By type, the market can be distributed into absolute pressure sensor, gauge pressure sensor, and differential pressure sensor. On the basis of technology, the industry can be segmented into piezoresistive, electromagnetic, capacitive, resonant solid state, and optical, among others. Based on application, the industry can be categorised into automotive, oil and gas, consumer electronics, medical, and industrial. The major regional markets for pressure sensor market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market include Honeywell International Inc., Emerson Electric Co., Sensata Technologies, Inc., BD|SENSORS GmbH, and ChampionX Corporation, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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