Pressure sensors play a vital role in automotive applications such as ECUs and airbag systems and are increasingly being used for advanced driver-assistance systems (ADAS). The rising adoption of electric vehicles (EVs) will further bolster the demand for pressure sensors over the forecast period.Pressure sensors are devices that are used to detect and measure the pressure of gases or liquids. They are primarily used in automotive, industrial, healthcare and consumer electronics sectors for varied applications such as battery monitoring, airflow/liquid flow, medical device monitoring, and HVAC controls. With increasing applications of pressure sensors in automotive safety systems, medical equipment, industrial machinery and IoT-based applications
The pressure sensors market is estimated to be valued at USD 22.92 Bn in 2024 and is expected to reach USD 30.92 Bn by 2031. It is projected to grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Key Takeaways
Key players operating in the pressure sensors market are Honeywell, TE Connectivity, NXP Semiconductors, STMicroelectronics, Infineon Technologies, Robert Bosch, and Omron.Rising automobile production is a major factor driving the Pressure Sensors Market Demand in the automotive industry. Advanced applications such as ADAS and electric power steering are gaining momentum worldwide.Advancements in MEMS technology have enabled the miniaturization of pressure sensor components, paving the way for their increased use in IoT, wearable devices, and portable medical equipment.
Market Trends1. Growing demand for sensor fusion: The integration of multiple sensing elements in a single package to gain synergies is gaining popularity. Sensor fusion enhances accuracy, reliability and functionality.2. Rising popularity of wireless pressure sensors: Wireless connectivity offers advantages such as reduced installation costs and real-time data monitoring. Technologies such as Bluetooth are enabling wireless sensor nodes.
Market Opportunities1. Growing use in Industrial Internet of Things: IIoT applications such as remote equipment monitoring, predictive maintenance and automation offer significant opportunities for pressure sensor vendors.2. Demand from non-automotive sectors: Industries such as healthcare, energy and process industries contribute nearly 50% of overall demand. Growth opportunities exist in medical, wearables and smart home segments.
Impact of COVID-19 on Pressure Sensors Market GrowthThe onset of the COVID-19 pandemic severely impacted the pressure sensors market. During the initial lockdown phases, restrictions on manufacturing and supply chain disruptions caused a decline in demand. Many end-use industries such as automotive, industrial, and medical saw reduced operations and postponed investments. This affected the production of pressure sensors. However, with stabilization measures and resumption of activities, demand is recovering gradually.Government stimulus packages are supporting the revival. Easing of lockdowns boosted automotive sales again. This positively impacts the market as automotive remains a major end-user. Rising focus on remote patient monitoring and respiratory support systems also propels medical pressure sensors demand. Furthermore, increased investments in infrastructure, oil & gas exploration, and process control systems are likely to drive future growth. Monitoring of processes for employee safety has become essential.Geographically, North America accounts for the largest value share currently. This is attributed to high industrial automation adoption and developed automotive sector in the US and Canada. Rising investments in smart manufacturing, industrial IoT, and advanced process controls are favoring market expansion. Asia Pacific is poised to emerge as the fastest-growing regional market. Rapid industrialization and infrastructure development in China and India stimulated pressure sensors incorporation. Also, rebound in automotive production post pandemic is supporting regional market growth.
Pressure Sensors Market Growth in the European RegionEurope represents another major revenue pocket for pressure sensors market globally. countries like Germany, France, UK, and Italy have strong manufacturing bases for automotive, process, oil & gas industries. Well-established industries demand sophisticated automation and process control solutions incorporating various pressure sensors. Rising adoption of Industry 4.0 initiatives across Europe promotes digital transformation of processes and factories, increasing use ofInternet of Things-based sensors.Growing investments in renewable energy sector also augur well for regional market. widespread deployment of wind turbines requires pressure sensors for critical monitoring applications. Adoption of electric vehicles is gaining momentum in Europe due to stringent emission regulations. Pressure sensors have widespread applications in battery packs, braking systems and fuel cells of electric vehicles. Furthermore, initiatives like Europe 2030 climate targets spur investments in energy efficiency improvements and emissions monitoring. This augments incorporation of pressure transducers and differential pressure sensors in utilities and green building sector.
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The global MEMS Pressure Sensors market was valued at million US$ in 2018 and will reach million US$ by the end of 2025, growing at a CAGR of during 2019–2025.This report studies the global MEMS Pressure Sensors market status and forecast, categorizes the global MEMS Pressure Sensors market size (value & volume) by key players, type, application, and region.
This report focuses on the top players in North America, Europe, China, Japan, Southeast Asia India and Other regions (Middle East & Africa, Central & South America).Download FREE Sample of this Report @ https://www.grandresearchstore.com/report-sample/global-mems-pressure-sensors-2019-186Major manufacturers covered in this reportBoschDensoSensata TechnologiesFreescale SemiconductorsGE SensingDelphiInfineon TechnologiesSchneider ElectricTexas InstrumentsIn view of regional level, this report coversUnited StatesEuropeChinaJapanSoutheast AsiaIndiaSegment by TypeCapacitive Pressure SensorsPiezoresistive Pressure SensorsPiezoelectric Pressure SensorsSegment by ApplicationAutomotiveMedicalIndustrialMilitary & DefenseOthersGet the Complete Report & TOC @ https://www.grandresearchstore.com/semiconductor-and-electronics/global-mems-pressure-sensors-2019-186Table of contentGlobal MEMS Pressure Sensors Sales Market Report 20191 MEMS Pressure Sensors Market Overview1.1 MEMS Pressure SensorsProduct Overview1.2 MEMS Pressure Sensors Segment by Type1.2.1 Global MEMS Pressure Sensors Sales Comparison by Types (2014–2025)1.2.2 Capacitive Pressure Sensors1.2.3 Piezoresistive Pressure Sensors1.2.4 Piezoelectric Pressure Sensors1.3 MEMS Pressure Sensors Segment by Application1.3.1 Global MEMS Pressure Sensors Sales Comparison by Application (2014–2025)1.3.1 Automotive1.3.2 Medical1.3.3 Industrial1.3.4 Military & Defense1.3.5 Others1.4 MEMS Pressure Sensors Market by Region1.4.1 Global MEMS Pressure Sensors Revenue Comparison by Region (2014–2025)1.4.2 United States MEMS Pressure Sensors Status and Prospect (2014–2025)1.4.3 Europe MEMS Pressure Sensors Status and Prospect (2014–2025)1.4.4 China MEMS Pressure Sensors Status and Prospect (2014–2025)1.4.5 Japan MEMS Pressure Sensors Status and Prospect (2014–2025)1.4.6 Southeast Asia MEMS Pressure Sensors Status and Prospect (2014–2025)1.4.7 India MEMS Pressure Sensors Status and Prospect (2014–2025)1.5 Global MEMS Pressure Sensors Sales and Revenue (2014–2025)1.5.1 Global MEMS Pressure Sensors Sales and Growth Rate (2014–2025)CONTACT US:276 5th Avenue, New York , NY 10001,United StatesInternational: (+1) 646 781 7170 / +91 8087042414Email: help@grandresearchstore.comFollow Us On linkedin :- https://www.linkedin.com/company/grand-research-store/
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the pressure sensors market include AlphaSense, City Technology Ltd., Dynament Ltd., Figaro Engineering Inc., Membrapor AG., Nemoto & Co., Ltd., Robert Bosch LLC., ABB Ltd., Siemens AG., and GfG Europe Ltd.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Pressure Sensors Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/pressure-sensors-market/download-sampleMarket DynamicsThe rapid surge in demand for pressure sensors from the automotive and medical industries is the primary factor driving the market growth of pressure sensors.
Furthermore, advancements in micro-electromechanical sensors and stringent passenger safety regulations should boost the growth of the pressure sensors market.
However, a decrease in demand due to sudden disease outbreaks may restrain the market growth of pressure sensors.
The high regulatory barrier and the intense pricing pressure will hamper the growth of this market.The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis.
As per the pressure sensors market research report, the global market for pressure sensors is projected to grow swiftly by US$ 12 Billion by 2023.
According to analysts, growing applications in consumer electronics as well as the rising demand in automotive and medical sectors will drive the market growth during the forecast period.
The pressure sensors market research report offers a comprehensive analysis of the global pressure sensors market and its region, technology, vertical, and product type segments.
The global pressure sensors market could be challenged by lack of information and awareness, nevertheless, organizations in the pressure sensors market will carry the growth rate forward.
The pressure sensors market research report presents company profiles of major companies active in the pressure sensors market globally.
The exploration of region, technology, vertical, and product type segments along with regional markets has been given in the global pressure sensors market research report.
